Bridgeline Digital Q3 revenue rises slightly on core product growth
Bridgeline Digital Q3 revenue rises slightly on core product growth
Overview
AI marketing tech firm's fiscal Q3 revenue grew slightly yr/yr, driven by core product sales
Subscription revenue was flat, while services revenue rose modestly compared to last yr
Net loss for fiscal Q3 narrowed to $0.5 mln from $0.8 mln last yr
Outlook
Company did not provide specific financial guidance or outlook for future periods
Result Drivers
CORE PRODUCT GROWTH - Core product revenue rose 13% in the trailing 12 months and accounted for a greater share of total and subscription revenue
NEW CUSTOMER WINS - Co reported a record-tying quarter with 9 new customer wins and 10 sales to existing customers, totaling $1.7 mln in contract value
PRODUCT INNOVATION - Co advanced Hawk AI Shopping Agent and expanded Aura AI Agent framework, supporting intelligent product discovery and buying experiences
Company press release: ID:nACSslWxja
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Loss |
| $468,000 |
|
Q3 Adjusted EBITDA |
| -$102,000 |
|
Q3 Income From Operations | Miss | -$470,000 | -$50,000 (1 Analyst) |
Q3 Pretax Loss | Miss | $463,000 | $50,000 (1 Analyst) |
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the software peer group is "buy"
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 15 three months ago
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Aug 11 - Inuvo Q2 revenue misses on Legacy Search decline
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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Bridgeline Digital Q3 revenue rises slightly on core product growth
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