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Bridgeline Digital Inc. (NASDAQ: BLIN) is a marketing technology company renowned for its innovative solutions that transform how brands engage with their customers. Bridgeline offers a comprehensive suite of products that help businesses boost online revenue by driving more traffic to their websites, converting visitors into purchasers, and increasing average order value. The company specializes in enhancing the performance of critical digital experiences such as websites, intranets, and online stores.
The company's flagship product suite, Bridgeline Unbound, integrates web content management, eCommerce, eMarketing, social media management, and web analytics, empowering businesses to maximize revenue, improve customer loyalty, enhance employee knowledge, and reduce operational costs. Bridgeline’s platform supports thousands of customers, ranging from small and medium-sized enterprises to Fortune 1000 companies.
Recent achievements include the deployment of AI-powered solutions like HawkSearch Smart Search, which enhances B2B eCommerce by providing personalized search experiences that drive faster conversions and higher sales. Notable partnerships include collaborations with companies such as Voltus GmbH and other significant clients in the electrical distribution industry.
Bridgeline Digital generates revenue through various channels including digital engagement services, subscription models, perpetual licenses, maintenance, and hosting. The majority of its revenue is derived from the United States.
With a commitment to continuous innovation, Bridgeline recently launched the HawkSearch "Athena" update, which introduces GenAI capabilities like “Smart Responses” to transform customer interactions, ensuring a more engaging and efficient user experience. This powerful AI-driven feature engages users with interactive, conversational dialogues based on search queries, thereby enhancing engagement and driving revenue growth.
As a global leader in AI-powered marketing technology, Bridgeline remains dedicated to helping companies grow their online revenue by increasing traffic, improving conversion rates, and maximizing order values, thereby ensuring a comprehensive and rewarding digital experience for all their clients.
Bridgeline Digital, a marketing technology provider, announced that five leading manufacturing companies have chosen its Hawksearch software to enhance traffic and conversion rates on their eCommerce platforms. The contracts are collectively valued at around $300,000. Hawksearch's Search Information Manager is particularly beneficial for manufacturers, enabling swift translation of units and identification of part numbers. The software utilizes advanced AI algorithms for effective product searches, catering to technical queries in various languages, ultimately driving new revenue opportunities for these partners.
Bridgeline Digital (NASDAQ: BLIN) has secured a three-year agreement worth approximately $100,000 with a leading distributor of education supplies in Germany. The deal involves the deployment of Bridgeline's NLP Site Search software on their B2B eCommerce platform, aimed at enhancing the customer experience for Germany’s school systems. The advanced natural language processing technology will efficiently respond to complex queries within a vast catalog of teaching supplies, boosting revenue through improved conversion rates.
Bridgeline Digital reported a 31% revenue increase for Q3 2021, totaling $3.4 million. Subscription and licenses revenue rose 37% to $2.6 million, constituting 76% of total revenue. The company has a strong cash position with $10 million available for sales and marketing investments. Despite a net loss of $3.6 million, attributed to a $4.1 million non-cash derivative loss, the adjusted EBITDA was $302,000. For the year-to-date, total revenue is $9.2 million, up from $8.2 million YTD 2020.
Bridgeline Digital (NASDAQ: BLIN) will announce its Q3 2021 financial results on August 16, 2021, at 4:30 p.m. ET. Following the announcement, CEO Ari Kahn and CFO Mark G. Downey will host a live conference call to discuss the results. The call will be accessible at (877) 837-3910 for domestic callers and (973) 796-5077 for international participants. A replay will be available for one week after the call. Bridgeline aims to enhance online revenue for companies through its Unbound platform and various applications.
Bridgeline Digital (NASDAQ: BLIN) announced it has raised over $7.3 million from warrant exercises, increasing its cash balance to over $9 million. The funds will support the company's growth initiatives and its eCommerce 360 strategy aimed at enhancing traffic and conversions for its 2,500 customers. Following two acquisitions in 2021, Bridgeline expressed confidence in being fully capitalized to meet all obligations and to pursue additional strategic opportunities.
Bridgeline Digital (NASDAQ: BLIN) announced that a global management company in the industrial sector has selected its Hawksearch platform to enhance its digital experience. This company, serving the oil and gas industry since 1921, operates in over 250 locations worldwide. Hawksearch will enable improved site search capabilities, including stock status filtering and auto-completed data searches, aimed at boosting customer satisfaction and online engagement. Bridgeline’s tools are expected to significantly elevate the company's online presence, according to CEO Ari Kahn.
Bridgeline Digital, Inc. (NASDAQ: BLIN) announced a 3-year agreement with a Singapore government agency for Hawksearch to enhance its digital experience. As the primary tax administrator, this agency contributes approximately 70% of Singapore’s operating revenue. The partnership aims to develop a new website, incorporating personalized search features for improved visitor engagement. Hawksearch's capabilities extend beyond eCommerce, positioning it for potential collaborations with other global agencies.
Bridgeline Digital (NASDAQ: BLIN) has announced an expansion of its Celebros Search service, now adopted by a well-known global footwear brand. This strategic collaboration aims to enhance the online shopping experience by improving site search functionality, which has successfully driven traffic and boosted conversions on sister athleticwear websites. Bridgeline's President and CEO, Ari Kahn, expressed confidence in replicating past successes to maximize conversions and enhance user satisfaction across the new platform.
Bridgeline Digital (NASDAQ: BLIN) has raised over $2.5M through warrant exercises, boosting its cash balance to approximately $6M. The company plans to use these funds to advance its eCommerce 360 strategy, which aims to enhance traffic, conversions, and average order value for its 2,500 customers. This capital influx demonstrates investor confidence in Bridgeline’s recent acquisitions, including WooRank and HawkSearch, which are designed to enhance online revenues and improve search engine optimization.
Bridgeline Digital (NASDAQ: BLIN) announced winning over 20 site search licenses this quarter through its partner network, enhanced by the recent acquisition of HawkSearch. CEO Ari Kahn emphasized that this expansion is crucial for 2021, enabling Bridgeline to secure significant sales from institutions and governments. The partnership network includes major companies like Salesforce and Shopify, contributing to multiple six-figure sales across diverse sectors such as government and food supply. The combination of Celebros and HawkSearch positions Bridgeline as a leading player in the site search market.
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