Bridgeline Announces Financial Results for the Fourth Quarter of Fiscal 2023
- Bridgeline signed more than $6 million in new customer contracts in fiscal 2023, resulting in a revenue renewal rate of over 90%.
- HawkSearch product line led the company's success with a revenue renewal rate of over 95% and contributed to nearly 50% of Bridgeline's revenue.
- Bridgeline's investments in Artificial Intelligence are positioning the company for growth in 2024.
- Total revenue decreased from $16.8 million to $15.9 million in fiscal year 2023.
- Operating expenses increased from $13.6 million to $20.8 million in the same period.
- Bridgeline reported a net loss of $9.4 million for the twelve months ended September 30, 2023, compared to net income of $2.1 million for the same period in 2022.
Insights
Analyzing Bridgeline Digital's financial results for the fiscal fourth quarter and the full year, a few key figures stand out. The decline in total revenue from $16.8 million in the prior year to $15.9 million, alongside a drop in gross profit from $11.7 million to $10.9 million, indicates a contraction in the company's financial performance. The gross margin remaining relatively stable at 68% suggests that while revenue has decreased, the company has managed to maintain its profitability in terms of the cost of goods sold.
The substantial goodwill impairment of $7.5 million is a critical factor in the operating loss of $9.9 million for the year. Goodwill impairments are non-cash charges that reflect a decline in the future economic benefits of the acquired assets. This could signal to investors that previous acquisitions have not performed as expected, potentially impacting future earnings and cash flows.
Furthermore, the shift in revenue composition towards core products with strong renewal rates could be seen as a strategic realignment. However, the transition has had a short-term impact on financials, which stakeholders should consider when evaluating the company's long-term growth prospects.
The emphasis on Bridgeline's core products such as HawkSearch, which now accounts for nearly half of the company's revenue, is a strategic move towards leveraging high-growth areas like eCommerce. The investment in Artificial Intelligence and the development of features like AI Assistant and Smart Search cater to the increasing demand for personalized and efficient online shopping experiences. These enhancements could improve customer engagement and conversion rates, which is crucial in the competitive eCommerce software market.
However, the market should also consider the scalability and adoption rate of these AI-driven solutions. While AI presents a significant growth opportunity, it requires continuous investment in technology and talent, which could strain resources if not managed effectively. The company's ability to convert these technological advancements into sustainable revenue streams will be a critical factor for investors to monitor.
Bridgeline Digital's focus on integrating Artificial Intelligence into its offerings is a testament to the evolving landscape of eCommerce solutions. The use of large language models for Concept Search and Visual Search addresses the growing consumer expectation for intuitive and seamless online experiences. By allowing users to search using natural language or images, Bridgeline is positioning itself at the forefront of search technology innovation.
However, the technology sector is known for rapid changes and constant innovation. Bridgeline's success will depend on its ability to stay ahead of the curve and continue to innovate while also converting these technological advancements into profitable growth. The company's strategic focus on AI and the strong renewal rates for its HawkSearch product could be indicative of its potential to maintain a competitive edge in the market.
WOBURN, Mass., Dec. 27, 2023 (GLOBE NEWSWIRE) -- Bridgeline Digital, Inc. (NASDAQ: BLIN), a marketing software solutions provider, today announced financial results for its fiscal fourth quarter ended September 30, 2023.
“Bridgeline signed more than
Financial Highlights – Fourth Quarter of Fiscal Year 2023
- Total revenue was
$3.8 million , compared to$4.2 million in the prior year period. - Subscription and licenses revenue was
$3.1 million , compared to$3.4 million in the prior year period. - Gross profit was
$2.6 million , compared to$3.0 million in the prior year period. - Gross margin was
68% , compared to71% in the prior year period.
Financial Highlights – Fiscal Year 2023
- Total revenue was
$15.9 million , compared to$16.8 million in the prior year period. - Subscription and licenses revenue was
$12.7 million , compared to$13.6 million in the prior year period. - Gross profit was
$10.9 million , compared to$11.7 million in the prior year period. - Gross margin was
68% , compared to70% in the prior year period.
Business Highlights
Sales
- In fiscal 2023, Bridgeline signed more than
$6 million in new customer contracts and had a revenue renewal rate of more than90% . The HawkSearch product line led the company’s success with HawkSearch growing to nearly50% of Bridgeline’s revenue with a revenue renewal rate of more than95% . - In its fourth quarter, Bridgeline booked an additional 27 sales for
$900 thousand in contract value that adds$375 thousand in annual recurring revenue. Bridgeline closed the fourth quarter with a92% revenue renewal rate for$2 million in contracts, totaling$9 million in renewals for the year. - New licenses in Bridgeline’s fourth quarter include leading technology providers Spectrum Control, Saviynt and Project Insight as well as industrial distributors Trident Enterprises and Filters Fast.
Product
Bridgeline software enhancements have focused heavily on Artificial Intelligence to improve usability, productivity and relevancy for content creators and site visitors.
Unbound released AI Assistant, an intelligent content creator that leverages GenAI to automatically create pages for websites. With AI Assistant, a marketer can describe the content they need, and AI Assistant will write content for the site and it will also provide options to the marketer to customize the pages and further improve site performance.
HawkSearch announced a Smart Search as part of strategy “Keywords to Concepts.” Important Artificial Intelligence capabilities in Smart Search are Concept Search and Visual Search.
- Concept search uses large language models to allow visitors to describe their search needs as a full question in up to 50 languages. This new search leverages natural language processing to find the right response.
- Visual Search allows a visitor to upload an image, take a picture with their phone or even describe the image they may have seen on the site before.
Bridgeline’s investments in Artificial Intelligence are making it a leader in the important area of eCommerce and position it for growth in 2024.
Financial Results – Fourth Fiscal Quarter of Fiscal Year 2023
- Total revenue, which is comprised of Licenses and Services revenue, was
$3.8 million for the quarter ended September 30, 2023, as compared to$4.2 million for the same period in 2022. - Subscription and licenses revenue, which is comprised of SaaS licenses, maintenance and hosting revenue and perpetual licenses revenue was
$3.1 million for the quarter ended September 30, 2023, compared to$3.4 million for the same period in 2022. As a percentage of total revenue, Subscription and licenses revenue was81% of total revenue for the quarter ended September 30, 2023, compared with82% for the same period in 2022. - Services revenue was
$0.7 million for the quarter ended September 30, 2023, compared to$0.8 million for the same period in 2022. As a percentage of total revenue, Services revenue accounted for19% of total revenue for the quarter ended September 30, 2023, compared with18% for the same period in 2022. - Cost of revenue was
$1.2 million for the quarter ended September 30, 2023, compared to$1.2 million for the same period in 2022. - Gross profit was
$2.6 million for the quarter ended September 30, 2023, as compared to$3.0 million for the same period in 2022. - Gross margin was
68% for the quarter ended September 30, 2023, compared to71% for the same period in 2022. Subscription and licenses gross margin were73% for the quarter ended September 30, 2023, as compared to76% for the same period in 2022. Services gross margins were46% for the quarter ended September 30, 2023, as compared to47% for the same period in 2022. - Operating expenses of
$10.8 million for the quarter ended September 30, 2023 included a goodwill impairment of$7.5 million , as compared to$3.4 million for the same period in 2022. - Operating loss for the quarter ended September 30, 2023, was
$8.2 million , including the impact of the goodwill impairment, as compared to a loss of$0.4 million for the same period in 2022. - The warrant liability revaluation resulted in a
$0.2 million non-cash gain attributable to the change in the fair value of the warrant liabilities for the quarter ended September 30, 2023. This compares to a slight net loss from revaluation for the same period in 2022. - Net loss for the quarter ended September 30, 2023, was
$8.1 million , including the impact of the goodwill impairment, compared to net income of$0.5 million for the same period in 2022.
Financial Results – Year-to-Date Twelve Months of Fiscal Year 2023
- Total revenue, which is comprised of Licenses and Services revenue, was
$15.9 million for the twelve months ended September 30, 2023, as compared to$16.8 million for the same period in 2022. - Subscription and licenses revenue, which is comprised of SaaS licenses, maintenance and hosting revenue and perpetual licenses revenue was
$12.7 million for the twelve months ended September 30, 2023, compared to$13.6 million for the same period in 2022. As a percentage of total revenue, Subscription and licenses revenue was80% of total revenue for the twelve months ended September 30, 2023, consistent with81% for the same period in 2022. - Services revenue was
$3.1 million for the twelve months ended September 30, 2023, compared to$3.3 million for the same period in 2022. As a percentage of total revenue, Services revenue accounted for20% of total revenue for the twelve months ended September 30, 2023, consistent with19% for the same period in 2022. - Cost of revenue was
$5.0 million for the twelve months ended September 30, 2023, compared to$5.1 million for the same period in 2022. - Gross profit was
$10.9 million for the twelve months ended September 30, 2023, compared to$11.7 million for the same period in 2022. - Gross margin was
68% for the twelve months ended September 30, 2023, compared to70% for the same period in 2022. Subscription and licenses gross margin were74% for the twelve months ended September 30, 2023, as compared to75% for the same period in 2022. Services gross margin was48% for the twelve months ended September 30, 2023, as compared to46% for the same period in 2022. - Operating expenses of
$20.8 million for the twelve months ended September 30, 2023 included a goodwill impairment of$7.5 million , and increased compared to$13.6 million for the same period in 2022. - Operating loss for the twelve months ended September 30, 2023 was
$9.9 million , including the impact of the goodwill impairment, as compared to a loss of$1.9 million for the same period in 2022. - The warrant liability revaluation resulted in a
$0.6 million non-cash gain attributable to the change in the fair value of the warrant liabilities for the twelve months ended September 30, 2023. This compares to a net gain from revaluation of$3.7 million for the same period in 2022. - Net loss for the twelve months ended September 30, 2023, was
$9.4 million , including the impact of the goodwill impairment, compared to net income of$2.1 million for the same period in 2022.
Conference Call
Bridgeline Digital, Inc. will hold a conference call today, December 27, 2023, at 4:30 p.m. Eastern Time to discuss these results. The Company’s President and Chief Executive Officer, Ari Kahn, and Chief Financial Officer, Thomas Windhausen, will host the call, followed by a question and answer period.
The details of the conference call and replay are as follows:
Bridgeline Digital Fourth Quarter 2023 Earnings Call
Wednesday, December 27, 2023, at 4:30 p.m. ET
https://register.vevent.com/register/BI68d7b29d1aaa40ab820c5316103c486c
Participants can register for the conference call using the above URL above.
Once registered, participants will receive dial-in numbers and unique PIN number.
Replays of the conference call will be available through the following link:
https://edge.media-server.com/mmc/p/o3mxctq3
Non-GAAP Financial Measures
This press release contains the following Non-GAAP financial measures: Adjusted EBITDA, Non-GAAP adjusted net income (loss), and Non-GAAP adjusted net earnings (loss) per diluted share.
Adjusted EBITDA is defined as earnings before interest, taxes, depreciation, amortization, stock-based compensation expense, impairment of goodwill and intangible assets, non-cash warrant related income/expense, changes in fair value of contingent consideration, restructuring and acquisition-related costs, amortization of debt discounts, preferred stock dividends and any related tax effects. Bridgeline uses Adjusted EBITDA and Non-GAAP adjusted net income (loss) as supplemental measures of our performance that are not required by, or presented in accordance with, accounting principles generally accepted in the United States ("GAAP").
Non-GAAP adjusted net income (loss) and Non-GAAP adjusted net income (loss) per diluted share are calculated as net income (loss) or net income (loss) per share on a diluted basis, excluding, where applicable, amortization of intangible assets, change in fair value of warrants, stock-based compensation, restructuring and acquisition-related costs, goodwill impairment charges, preferred stock dividends and any related tax effects.
Bridgeline's management does not consider these Non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these Non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in the Company's financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expenses and income are excluded or included in determining these Non-GAAP financial measures. To compensate for these limitations, Bridgeline management presents Non-GAAP financial measures in connection with GAAP results. Bridgeline urges investors to review the reconciliation of its Non-GAAP financial measures to the comparable GAAP financial measures, which is included in this press release, and not to rely on any single financial measure to evaluate Bridgeline's financial performance.
Our definitions of Adjusted EBITDA and Non-GAAP adjusted net income (loss) may differ from, and therefore may not be comparable with, similarly titled measures used by other companies, thereby limiting their usefulness as comparative measures. As a result of the limitations that Adjusted EBITDA and Non-GAAP adjusted net income (loss) have as an analytical tool, investors should not consider them in isolation, or as a substitute for analysis of our operating results as reported under GAAP.
Safe Harbor for Forward-Looking Statements
Statement under the Private Securities Litigation Reform Act of 1995
All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, are based on our current expectations, estimates and projections about our industry, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates,” “expects,” “intends,” “plans,” “predicts,” “believes,” “seeks,” “estimates,” “may,” “will,” “should,” “would,” “could,” “potential,” “continue,” “ongoing,” similar expressions, and variations or negatives of these words. These statements appear in a number of places in this press release and include statements regarding the intent, belief or current expectations of Bridgeline Digital, Inc. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions, including, but not limited to, business operations and the business of our customers, suppliers and partners; our ability to retain and upgrade current customers, increasing our recurring revenue, our ability to attract new customers, our revenue growth rate; our history of net loss and our ability to achieve or maintain profitability, instability in the financial markets, including the banking sector; our liability for any unauthorized access to our data or our users’ content, including through privacy and data security breaches; any decline in demand for our platform or products; changes in the interoperability of our platform across devices, operating systems, and third party applications that we do not control; competition in our markets; our ability to respond to rapid technological changes, extend our platform, develop new features or products, or gain market acceptance for such new features or products, particularly in light of potential disruptions to the productivity of our employees resulting from remote work; our ability to manage our growth or plan for future growth, and our acquisition of other businesses and the potential of such acquisitions to require significant management attention, disrupt our business, or dilute stockholder value; the volatility of the market price of our common stock, the ability to maintain our listing on the NASDAQ Capital Market, or our ability to maintain an effective system of internal controls, as well as other risks described in our filings with the Securities and Exchange Commission. Any of such risks could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. Bridgeline Digital, Inc. assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by applicable law.
About Bridgeline Digital
Bridgeline is a marketing software solutions provider that offers a suite of products that help companies grow online revenue by driving more traffic to their websites, converting more visitors to purchasers, and increasing average order value.
To learn more, please visit www.bridgeline.com or call (800) 603-9936.
Contact:
Bridgeline Digital, Inc.
Thomas R. Windhausen
Chief Financial Officer
twindhausen@bridgeline.com
| BRIDGELINE DIGITAL, INC. | ||||||||||||||||||
| CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||||||||
| (in thousands, except share and per share data) | ||||||||||||||||||
| (Unaudited) | ||||||||||||||||||
| Three Months Ended | Twelve Months Ended | |||||||||||||||||
| September 30, | September 30, | |||||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||||
| Revenue: | ||||||||||||||||||
| Subscription and perpetual licenses | $ | 3,072 | $ | 3,443 | $ | 12,742 | $ | 13,560 | ||||||||||
| Digital engagement services | 726 | 767 | 3,143 | 3,259 | ||||||||||||||
| Total net revenue | 3,798 | 4,210 | 15,885 | 16,819 | ||||||||||||||
| Cost of revenue: | ||||||||||||||||||
| Subscription and perpetual licenses | 815 | 826 | 3,364 | 3,358 | ||||||||||||||
| Digital engagement services | 391 | 406 | 1,650 | 1,759 | ||||||||||||||
| Total cost of revenue | 1,206 | 1,232 | 5,014 | 5,117 | ||||||||||||||
| Gross profit | 2,592 | 2,978 | 10,871 | 11,702 | ||||||||||||||
| Operating expenses: | ||||||||||||||||||
| Sales and marketing | 965 | 1,352 | 4,757 | 5,232 | ||||||||||||||
| General and administrative | 806 | 927 | 3,173 | 3,387 | ||||||||||||||
| Research and development | 1,070 | 722 | 3,679 | 3,217 | ||||||||||||||
| Depreciation and amortization | 385 | 386 | 1,528 | 1,599 | ||||||||||||||
| Goodwill impairment | 7,517 | - | 7,517 | - | ||||||||||||||
| Restructuring and acquisition related expenses | 75 | - | 132 | 164 | ||||||||||||||
| Total operating expenses | 10,818 | 3,387 | 20,786 | 13,599 | ||||||||||||||
| Loss from operations | (8,226 | ) | (409 | ) | (9,915 | ) | (1,897 | ) | ||||||||||
| Change in fair value of contingent consideration, interest expense and other, net | (170 | ) | (10 | ) | (189 | ) | 417 | |||||||||||
| Change in fair value of warrant liabilities | 214 | (38 | ) | 575 | 3,655 | |||||||||||||
| Income (loss) before income taxes | (8,182 | ) | (457 | ) | (9,529 | ) | 2,175 | |||||||||||
| Provision for (benefit from) income taxes | (119 | ) | 18 | (94 | ) | 30 | ||||||||||||
| Net (loss) income | $ | (8,063 | ) | $ | (475 | ) | $ | (9,435 | ) | $ | 2,145 | |||||||
| Net (loss) income applicable to common shareholders | ||||||||||||||||||
| Net income (loss) per share attributable to common shareholders: | ||||||||||||||||||
| Basic net (loss) income per share | $ | (0.77 | ) | $ | (0.05 | ) | $ | (0.91 | ) | $ | 0.21 | |||||||
| Diluted net (loss) income per share | $ | (0.77 | ) | $ | (0.05 | ) | $ | (0.91 | ) | $ | 0.20 | |||||||
| Number of weighted average shares outstanding: | ||||||||||||||||||
| Basic | 10,417,609 | 10,320,906 | 10,417,609 | 10,232,862 | ||||||||||||||
| Diluted | 10,417,609 | 10,320,906 | 10,424,187 | 10,366,907 | ||||||||||||||
| BRIDGELINE DIGITAL, INC. | |||||||||||
| CONSOLIDATED BALANCE SHEETS | |||||||||||
| (in thousands, except share and per share data) | |||||||||||
| (Unaudited) | |||||||||||
| ASSETS | |||||||||||
| September 30, | September 30, | ||||||||||
| 2023 | 2022 | ||||||||||
| Current assets: | |||||||||||
| Cash and cash equivalents | $ | 2,377 | $ | 2,856 | |||||||
| Accounts receivable, net | 1,004 | 1,182 | |||||||||
| Prepaid expenses and other current assets | 278 | 242 | |||||||||
| Total current assets | 3,659 | 4,280 | |||||||||
| Property and equipment, net | 151 | 268 | |||||||||
| Operating lease assets | 390 | 589 | |||||||||
| Intangible assets, net | 4,890 | 6,268 | |||||||||
| Goodwill, net | 8,468 | 15,985 | |||||||||
| Other assets | 73 | 123 | |||||||||
| Total assets | $ | 17,631 | $ | 27,513 | |||||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Current portion of long-term debt | $ | 267 | $ | 429 | |||||||
| Current portion of operating lease liabilities | 148 | 199 | |||||||||
| Accounts payable | 1,255 | 972 | |||||||||
| Accrued liabilities | 995 | 995 | |||||||||
| Purchase price and contingent consideration payable, current portion | - | 250 | |||||||||
| Deferred revenue | 2,084 | 1,943 | |||||||||
| Total current liabilities | 4,749 | 4,788 | |||||||||
| Long-term debt, net of current portion | 435 | 588 | |||||||||
| Operating lease liabilities, net of current portion | 241 | 390 | |||||||||
| Warrant liabilities | 174 | 749 | |||||||||
| Other long-term liabilities | 572 | 646 | |||||||||
| Total liabilities | 6,171 | 7,161 | |||||||||
| Commitments and contingencies | |||||||||||
| Stockholders' equity: | |||||||||||
| Preferred stock - | |||||||||||
| Series C Convertible Preferred stock: 11,000 shares authorized; 350 shares issued and outstanding at September 30, 2023 and 2022 | - | - | |||||||||
| Series D Convertible Preferred stock: 4,200 shares authorized; no shares issued and outstanding at September 30, 2023 and 2022 | - | - | |||||||||
| Common stock - | |||||||||||
| 10,417,609 shares issued and outstanding at September 30, 2023 and 2022 | 10 | 10 | |||||||||
| Additional paid-in-capital | 101,275 | 100,704 | |||||||||
| Accumulated deficit | (89,577 | ) | (80,142 | ) | |||||||
| Accumulated other comprehensive loss | (248 | ) | (220 | ) | |||||||
| Total stockholders' equity | 11,460 | 20,352 | |||||||||
| Total liabilities and stockholders' equity | $ | 17,631 | $ | 27,513 | |||||||
| BRIDGELINE DIGITAL, INC. | ||||||||||||||||||
| RECONCILIATION OF GAAP TO NON-GAAP RESULTS | ||||||||||||||||||
| (in thousands, except per share data) | ||||||||||||||||||
| Three Months Ended | Twelve Months Ended | |||||||||||||||||
| Sept 30, | Sept 30, | |||||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||||
| Reconciliation of GAAP net income (loss) to Adjusted EBITDA: | ||||||||||||||||||
| GAAP net income (loss) | $ | (8,063 | ) | $ | (475 | ) | $ | (9,435 | ) | $ | 2,145 | |||||||
| Provision for income taxes | (119 | ) | 18 | (94 | ) | 30 | ||||||||||||
| Change in fair value of contingent consideration, interest expense and other, net | 170 | 10 | 189 | (417 | ) | |||||||||||||
| Change in fair value of warrants | (214 | ) | 38 | (575 | ) | (3,655 | ) | |||||||||||
| Amortization of intangible assets | 346 | 336 | 1,378 | 1,487 | ||||||||||||||
| Depreciation and other amortization | 45 | 59 | 177 | 121 | ||||||||||||||
| Goodwill impairment | 7,517 | - | 7,517 | - | ||||||||||||||
| Restructuring and acquisition related charges | 75 | - | 132 | 164 | ||||||||||||||
| Stock-based compensation | 126 | 113 | 402 | 321 | ||||||||||||||
| Adjusted EBITDA | $ | (117 | ) | $ | 99 | $ | (309 | ) | $ | 196 | ||||||||
| Reconciliation of GAAP net income (loss) to non-GAAP | ||||||||||||||||||
| adjusted net income (loss): | ||||||||||||||||||
| GAAP net income (loss) | $ | (8,063 | ) | $ | (475 | ) | $ | (9,435 | ) | $ | 2,145 | |||||||
| Change in fair value of warrants | (214 | ) | 38 | (575 | ) | (3,655 | ) | |||||||||||
| Amortization of intangible assets | 346 | 336 | 1,378 | 1,487 | ||||||||||||||
| Goodwill impairment | 7,517 | - | 7,517 | - | ||||||||||||||
| Restructuring and acquisition related charges | 75 | - | 132 | 164 | ||||||||||||||
| Stock-based compensation | 126 | 113 | 402 | 321 | ||||||||||||||
| Non-GAAP adjusted net income (loss) | $ | (213 | ) | $ | 12 | $ | (581 | ) | $ | 462 | ||||||||
| Reconciliation of GAAP net earnings (loss) per diluted share to | ||||||||||||||||||
| non-GAAP adjusted net earnings (loss) per diluted share: | ||||||||||||||||||
| GAAP net income (loss) applicable to common shareholders | $ | (0.77 | ) | $ | (0.05 | ) | $ | (0.91 | ) | $ | 0.21 | |||||||
| Change in fair value of warrants | (0.02 | ) | 0.00 | (0.06 | ) | (0.35 | ) | |||||||||||
| Amortization of intangible assets | 0.03 | 0.03 | 0.13 | 0.14 | ||||||||||||||
| Goodwill impairment | 0.72 | - | 0.72 | - | ||||||||||||||
| Restructuring and acquisition related charges | 0.01 | - | 0.01 | 0.02 | ||||||||||||||
| Stock-based compensation | 0.01 | 0.01 | 0.04 | 0.03 | ||||||||||||||
| Non-GAAP adjusted net income (loss) per diluted share | $ | (0.02 | ) | $ | 0.00 | $ | (0.06 | ) | $ | 0.04 | ||||||||
FAQ
What are Bridgeline Digital, Inc.'s financial results for the fiscal fourth quarter ended September 30, 2023?
What were the business highlights for Bridgeline Digital, Inc. in fiscal 2023?
What are the financial results for the fiscal year 2023 for Bridgeline Digital, Inc.?
What are the Non-GAAP financial measures mentioned in the press release?
What is the impact of the goodwill impairment on Bridgeline Digital, Inc.'s financial results?
