Bridgeline’s AI Innovations Propel Strong Growth into 2025

Rhea-AI Summary

Bridgeline Digital (NASDAQ:BLIN) reports significant growth in fiscal 2024 and strong start to 2025, driven by its AI-powered HawkSearch technology. The company secured over 75 new HawkSearch licenses in fiscal 2024 and 25+ contracts in Q1 2025. Sales contracts nearly doubled in Annual Contract Value, reaching $6.2 million in total contract value with $2.1 million in ACV for fiscal 2024.

HawkSearch now powers over 1,000 websites, including major clients like HP.com and CED. The company launched 60+ HawkSearch-powered websites in key B2B industries during 2024. Bridgeline enhanced its AI capabilities with features like Smart Search, Smart Response, and Smart Agent, utilizing Large Language Models and Generative AI technology.

Strategic partnerships with Optimizely, BigCommerce, Xngage, and Moblico contributed to the company's success, with HawkSearch being prominently featured in partner app stores.

Positive

• Sales contracts nearly doubled in ACV year-over-year, reaching $6.2M in total value
• Secured over 75 new HawkSearch licenses in FY2024
• Q1 2025 achieved $2.5M in new contracts with $800K in ACV
• Expanded client base to over 1,000 websites
• Launched 60+ new HawkSearch-powered websites in 2024
• Secured strategic partnerships with major platforms like Optimizely and BigCommerce

Negative

• None.

Insights

Financial Analyst

The fiscal 2024 performance and Q1 2025 results demonstrate remarkable growth trajectory.

Key financial metrics showcase substantial momentum:

• FY2024 sales contracts reached $6.2 million in total contract value
• Annual Contract Value (ACV) of $2.1 million in FY2024, nearly doubling YoY
• Q1 FY2025 secured $2.5 million in new contracts with $800,000 in ACV

The rapid expansion of HawkSearch licenses - 75+ in FY2024 and 25+ in Q1 FY2025 - indicates strong product-market fit and scalable revenue growth. For a company with a market cap of $16.4 million, these numbers suggest significant undervaluation relative to growth metrics. The enterprise client base including HP.com (>$1 million/hour in sales) validates the platform's enterprise-grade capabilities and positions well for higher-margin expansion.

Tech Expert

Bridgeline's AI technology stack represents a comprehensive approach to next-generation eCommerce search capabilities. The integration of Large Language Models, Retrieval Augmented Generation and Agentic AI demonstrates technical sophistication beyond basic keyword matching.

Strategic innovations worth noting:

• Smart Agent's AI configuration interface reduces implementation complexity
• Conversational Search with two-way dialog capability enhances user engagement
• Partnership with Salesforce's AgentForce initiative signals enterprise-level AI integration

The platform's ability to process diverse data types, including PDF content extraction and summarization, positions it favorably against competitors. The B2B focus, particularly evident in multi-site deployments like CED's 750+ sites, showcases scalability and robust architecture design that can handle complex enterprise requirements.

Market Research Analyst

The strategic positioning in the B2B eCommerce sector reveals astute market penetration strategy. The focus on specific verticals - cleaning products, medical, fasteners and automotive aftermarket - indicates targeted expansion rather than scattered growth.

Notable market dynamics include:

• Strong positioning in BigCommerce's ecosystem as a premier search provider
• Top-paid app status in Optimizely's marketplace
• Strategic partnerships enhancing distribution channels

Customer acquisition in Q1 FY2025 (Brady Plus, JonDon, Aftermarket Auto Parts Alliance) demonstrates continued momentum in B2B sector. The diversification across industries while maintaining B2B focus suggests a balanced approach to market expansion. The Moblico partnership particularly strengthens mobile engagement capabilities, important for modern B2B buyers.

WOBURN, MA / ACCESSWIRE / January 2, 2025 / Bridgeline Digital, Inc. (NASDAQ:BLIN), a leader in AI-powered marketing technology, reflects on an outstanding fiscal 2024 and an equally strong start to fiscal 2025.

Bridgeline continues to redefine AI innovation in the eCommerce industry with more than 75 new HawkSearch licenses signed in fiscal 2024, and over 25 contracts in Q1 of fiscal 2025.

Fiscal 2024 sales contracts nearly doubled in Annual Contract Value (ACV) compared to fiscal 2023, totaling over $6.2 million in contract value with $2.1 million in ACV. Bridgeline closed a strong fiscal Q1 2025 on December 31, 2024 with more than $2.5 million in new contracts that add over $800,000 in ACV.

Bridgeline's HawkSearch technology powers over 1,000 websites, serving a diverse range of industries and clients, including:

• B2C enterprises such as HP.com, generating more than $1 million in sales per hour

• Top B2B distributors like CED, powering over 750 sites

HawkSearch's success stems from groundbreaking AI capabilities, including its Smart Search and Smart Response features, which lead the deployment of large language models and Generative AI technology. In 2025, HawkSearch will expand its product line with agentic AI innovations, designed to drive even higher online revenue for its customers.

Industry Growth and Momentum

In 2024, Bridgeline launched over 60 HawkSearch-powered websites in key B2B industries, including suppliers in the cleaning products, medical, fasteners, and automotive aftermarket industries. HawkSearch attracted notable new B2B customers such as Grizzly, Tacoma Screws, IEWC and Colonial Electric Supply in fiscal 2024. Bridgeline continues to build this momentum within the first quarter of fiscal 2025 with new contracts with Brady Plus, JonDon, Aftermarket Auto Parts Alliance, and Montefiore Health System. Bridgeline plans to build on this momentum by deepening its presence in B2B industries through targeted partnerships and events in 2025.

AI-Powered Innovation

Bridgeline has enhanced the Hawk AI Product Suite with advanced features leveraging Large Language Models (LLMs), Retrieval Augmented Generation, Generative AI (GenAI), and Agentic AI that are tailored to business needs, including:

• Smart Search, Smart Response, and Smart Tools: Intuitive functionalities for enhanced user experiences that increase relevancy and conversion.

• Smart Agent: An agentic AI interface for refining AI-driven configurations.

• Conversational Search: Generative AI-powered natural language search with two-way dialog for product discovery.

• Smart Filters for Concept Search: AI-enabled, contextually accurate search results.

• Smart Response for PDFs: Tools for extracting, comprehending and summarizing PDF content.

• Unified Search: HawkSearch's Agentic-AI, and its collaboration with Salesforce.com's AgentForce initiative, emphasizing advanced automation and seamless integration with intelligent agents.

These innovations solidify HawkSearch's reputation as a trusted partner for businesses optimizing their search and customer experience strategies.

Strategic Partnerships

Bridgeline's partnerships played a key role in its success:

• Optimizely Partnership: Positioned HawkSearchas a top-paid app in the Optimizely app store and was showcased as a native, integrated search option at Opticon 2024.

• BigCommerce: Promoted HawkSearch ahead of all other search providers on the first page of its app store, providing tens of thousands of BigCommerce customers the ability to upgrade to HawkSearch's AI technology.

• Xngage Collaboration: Delivered advanced search solutions via the XConnect connector.

• Moblico Partnership: Named Partner of the Year for enhancing mobile engagement with AI-powered tools.

These alliances highlight Bridgeline's commitment to delivering high performance and measurable results through collaboration.

About Bridgeline

Bridgeline helps businesses grow online revenue by driving traffic, increasing conversions, and boosting order value with AI-driven solutions.

For more information, visit www.bridgeline.com or call (800) 603-9936.

Contact:

Danielle Erwin
SVP of Marketing
Bridgeline Digital
press@bridgeline.com

SOURCE: Bridgeline Digital

View the original press release on accesswire.com

FAQ

What was Bridgeline Digital's (BLIN) contract value for fiscal 2024?

Bridgeline Digital's contract value for fiscal 2024 totaled $6.2 million, with $2.1 million in Annual Contract Value (ACV).

How many new HawkSearch licenses did BLIN secure in fiscal 2024?

Bridgeline secured more than 75 new HawkSearch licenses in fiscal 2024.

What was BLIN's Q1 2025 performance in terms of new contracts?

In Q1 2025, Bridgeline secured more than $2.5 million in new contracts, adding over $800,000 in Annual Contract Value.

How many websites does Bridgeline's HawkSearch technology currently power?

HawkSearch technology powers over 1,000 websites across various industries.

What new AI features has BLIN introduced in its HawkSearch platform?

BLIN introduced Smart Search, Smart Response, Smart Tools, Smart Agent, Conversational Search, Smart Filters for Concept Search, and Smart Response for PDFs.

Who are BLIN's major strategic partners as of 2024-2025?

Bridgeline's major strategic partners include Optimizely, BigCommerce, Xngage, and Moblico.