The following is a summary of the Bridgeline Digital, Inc. (BLIN) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Bridgeline Digital reported a total revenue of $3.8 million in Q2 2024, a decrease compared to $4.1 million from the prior year period.

• The company's subscription license revenue was $3 million, down from $3.3 million reported in the prior year period.

• The net loss for the quarter ended March 31, 2024, was $602,000, up from $511,000 in the prior year.

• Adjusted EBITDA for the period was negative $83,000, showing an improvement compared to negative $144,000 in Q2 of the previous year.

Business Progress:

• Bridgeline reports strong HawkSearch sales, attributing this to innovative AI solutions.

• The company expects the percentage of revenue from search to increase further.

• Bridgeline has successfully partnered with two crucial platform operation partners Optimizely and BigCommerce, leading to enhanced lead generation.

• AI-powered Smart Search introduced in March has been effectively implemented on several customer sites.

• The growth plan involves a focus on revenue growth, product innovation, customer success, and delivering shareholder value.

More details: Bridgeline Digital IR

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