Bridgeline - BLIN STOCK NEWS

Bridgeline Digital, Inc. (NASDAQ: BLIN) announced that SAGE Publishing has chosen their Hawksearch product for powering its online stores, including Corwin Press. This selection comes amidst SAGE's migration to Sitefinity with BigCommerce for eCommerce solutions. Hawksearch will index SAGE’s extensive product database, enhancing customer experience through personalized recommendations. This marks a significant win for Bridgeline, highlighting their growing partnerships with BigCommerce and Sitefinity, adding notable clients such as RDO Equipment and Hexion.

Bridgeline Digital, Inc. (NASDAQ: BLIN) announces a multi-year agreement with a Federal Credit Union for its Unbound product, enhancing the credit union's digital infrastructure and managed hosting service. As a long-term partner, the credit union values Unbound's ability to improve customer experience and reduce system errors through its checks and balances protocol. CEO Ari Kahn expresses enthusiasm for continued collaboration and the growth of their digital presence.

Bridgeline Digital (NASDAQ: BLIN) has secured a significant three-year contract worth $105,000 from a leading publisher, expanding the use of its Hawksearch product for enhanced website search capabilities. The publisher, satisfied with Bridgeline's previous service via Unbound for over five years, recognizes Hawksearch's potential to improve user experience and drive revenue growth. Key features include scalable recommendations and superior reporting capabilities, along with timely implementation ahead of the sales season, which influenced their decision. CEO Ari Kahn expressed excitement about the partnership's revenue potential.

Bridgeline Digital (NASDAQ: BLIN) announced that its site search product, Hawksearch, has been selected by Belmetrics, a family-owned auto parts distributor, to enhance their BigCommerce store. Hawksearch's unique features tailored for the automotive industry, such as the ability to filter searches using year, make, model, and VIN, allow for a frictionless buying experience. This endorsement solidifies Bridgeline's position as a key player in the automotive sector, continuing its momentum with major distributors like 1-800-Radiators and Gerrie Electric.

Bridgeline Digital, Inc. (NASDAQ: BLIN), a cloud-based marketing technology software provider, announced on May 26, 2022, that its NLP site search product, Celebros, has been selected by Michael Murphy Sports and Leisure for a multi-year subscription. This win adds to Bridgeline's partnership with AB Commerce and expands its reach within the international sporting goods sector. Celebros utilizes advanced natural language processing to enhance eCommerce search capabilities, ensuring accurate results despite variations in search terms, which is essential for industries with high SKU environments.

Bridgeline Digital, Inc. (NASDAQ: BLIN) has secured two new partnerships with Irish pharmacies, Crowley’s and Ronaghan’s, leveraging its site search software, Celebros, on the AB Commerce platform. This AI-powered tool enhances online search capabilities, particularly for pharmacies with extensive SKUs. The technology utilizes Natural Language Processing (NLP) to improve search accuracy and customer engagement. CEO Ari Kahn reported an average conversion rate increase of 30% for clients, highlighting the software's revenue-enhancing potential.

Bridgeline Digital reported a strong second quarter for fiscal 2022, with total revenue rising by 43% to $4.1 million compared to $2.9 million in the same period last year. Subscription and licenses revenue surged 66% to $3.3 million. The gross profit also increased by 54% to $2.8 million, resulting in a gross margin of 68%. Despite rising operating expenses of $3.4 million, net income reached $0.3 million, a turnaround from a net loss of $0.6 million in the prior year. The company closed 33 license sales, marking a record number of new customers.

Bridgeline Digital, Inc. (NASDAQ: BLIN) is set to release its second quarter fiscal 2022 financial results on May 12, 2022, at 4:30 p.m. ET. The company's President and CEO, Ari Kahn, along with CFO Thomas Windhausen, will host a live conference call to discuss these results. A replay of the call will be available for one week post-event. Bridgeline focuses on enhancing online revenues for companies through its innovative marketing technology platform.

Bridgeline Digital, Inc. (NASDAQ: BLIN) has announced that its Hawksearch product will be implemented by one of the largest privately-owned banks in the U.S. to enhance the website experience for nearly 1 million customers across 80 locations. This decision signals Bridgeline's strong position in the financial sector, which is a growing market for the company. The Hawksearch tool will improve search functionality, navigation, and SEO as the bank revamps its site on the Kentico Xperience platform, enabling better customer engagement and site optimization.