Bridgeline Stock Price, News & Analysis

On May 20, 2021, Bridgeline Digital (NASDAQ: BLIN) announced that a health-focused company has selected its Celebros platform to enhance digital experiences on two websites. The first site aims to improve patient care by merging traditional and alternative medicine, allowing easy access to necessary supplements. The second site serves as an online dispensary for affordable, doctor-recommended supplements. Both will utilize Celebros's intelligent search technology. Bridgeline's President, Ari Kahn, expressed enthusiasm about supporting a business dedicated to patient care.

Bridgeline Digital, Inc. (NASDAQ: BLIN) has partnered with a prominent Indonesian supermarket chain to enhance its online shopping experience through Celebros. Established in 1997, this supermarket chain operates 48 stores and aims to improve product recommendations and increase average order values using intelligent search. Ari Kahn, CEO of Bridgeline, expressed enthusiasm over this collaboration, highlighting its potential to drive traffic and boost online sales for the supermarket.

Bridgeline Digital (NASDAQ: BLIN) reported its fiscal Q2 2021 results, achieving total revenue of $2.9 million, a rise from $2.7 million in Q2 2020. The 8% increase in subscription and licenses revenue, totaling $2 million, was driven by multi-year license renewals and the acquisition of Woorank. Gross profit rose to $1.8 million, with a gross margin of 63%. However, the company recorded a net loss of $556,000 compared to a profit of $795,000 last year, primarily due to a $418,000 loss from warrant liabilities. Operating expenses decreased by 24%, suggesting improved cost management.

Bridgeline Digital (NASDAQ: BLIN) will announce its second quarter 2021 financial results on May 17, 2021, at 4:30 p.m. ET. The company's President and CEO, Ari Kahn, along with CFO Mark G. Downey, will hold a live conference call to discuss these results. Interested parties can join the call by dialing (877) 837-3910 (domestic) or (973) 796-5077 (international). A replay of the call will be available for one week following the event. Bridgeline provides cloud-based marketing technology aimed at enhancing online revenue growth for businesses.

Bridgeline Digital, Inc. (NASDAQ: BLIN) announced its agreement to acquire Hawksearch, an intelligent product search and recommendation engine. This acquisition aligns with Bridgeline’s eCommerce360 strategy, aiming to enhance customer engagement and boost online sales through personalized recommendations. Hawksearch integrates with major ecommerce platforms, expanding Bridgeline’s partner network. The transaction is expected to enhance Bridgeline's capabilities, including improving SEO and increasing site traffic for customers.

Bridgeline Digital (NASDAQ: BLIN) announced a registered direct offering of 1,060,000 shares at $2.28 each, generating approximately $2.4 million in gross proceeds. In addition, the company has completed a private placement of 2,700 shares of Series D Convertible Preferred Stock at $1,000 each, along with warrants for 592,105 shares at an exercise price of $2.51, aiming for gross proceeds of about $2.7 million. Proceeds will support working capital and corporate needs, with closings expected around May 14, 2021.

Bridgeline Digital (NASDAQ: BLIN) announced that a German retailer, with over 70 years of experience in athleticwear and fashion, has chosen to reimplement Celebros for enhancing their online shopping experience. The retailer, which operates five online shops, has a strong commitment to high-quality fashion and functional sportswear. Celebros was selected due to its high search quality, excellent service, and competitive pricing. Ari Kahn, CEO of Bridgeline, expressed excitement about the return of this customer and the opportunity to provide innovative solutions.

Bridgeline Digital (NASDAQ: BLIN) has been selected to enhance the Indonesian online presence of a major global athletic brand with its intelligent search technology. This brand operates 13 stores in Indonesia and is recognized for its commitment to active lifestyles. Bridgeline's solution, Celebros, aims to improve the user experience on the brand's website, facilitating easier navigation and purchasing. President and CEO Ari Kahn expressed excitement about the partnership and the potential for future collaborations across the brand's global domains.

Bridgeline Digital, Inc. (NASDAQ: BLIN) announced that a global chemical company with €59 billion in sales has adopted its SaaS tool, WooRank, for its digital marketing strategy. The company, which employs over 110,000, sought WooRank to benchmark their digital progress across multiple domains. The tool was chosen for its user-friendliness, comprehensive SEO features, and the ability to generate white-label reports. Bridgeline's President and CEO, Ari Kahn, expressed optimism in WooRank helping the client achieve their digital objectives efficiently.