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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