New Risk • Feb 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$1.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.4m free cash flow). Earnings have declined by 3.5% per year over the past 5 years. Market cap is less than US$10m (US$8.83m market cap). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Reported Earnings • Feb 15
First quarter 2026 earnings released: US$0.007 loss per share (vs US$0.061 loss in 1Q 2025) First quarter 2026 results: US$0.007 loss per share (improved from US$0.061 loss in 1Q 2025). Revenue: US$3.91m (up 3.2% from 1Q 2025). Net loss: US$86.0k (loss narrowed 86% from 1Q 2025). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Feb 11
Bridgeline Digital, Inc. to Report Q1, 2026 Results on Feb 12, 2026 Bridgeline Digital, Inc. announced that they will report Q1, 2026 results After-Market on Feb 12, 2026 Announcement • Feb 04
Bridgeline Digital, Inc. Receives Notice of Non-Compliance with Nasdaq Minimum Bid Price Requirement On January 29, 2026, Bridgeline Digital, Inc. (the “Company”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the closing bid price of the Company’s common stock (“Common Stock”) for the thirty (30) consecutive business days ended January 28, 2026, the Company no longer satisfies the requirement to maintain a minimum bid price of $1.00 per share, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial period of 180 calendar days, or until July 28, 2026 (the “Initial Compliance Period”), to regain compliance by satisfying the Bid Price Requirement for a minimum of ten (10) consecutive business days during the Initial Compliance Period. If the Company does not regain compliance within the Initial Compliance Period, it may be provided an additional compliance period of 180 calendar days (the “Additional Compliance Period”). To qualify for the Additional Compliance Period, the Company must satisfy the continued listing requirement for the market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market. The Company would also be required to provide written notice to Nasdaq of its intent to cure the deficiency. The letter does not result in the immediate delisting of the Company’s Common Stock from The Nasdaq Capital Market. The Company will continue to monitor the closing bid price of its Common Stock and consider its available options in the event it is unable regain compliance with the Bid Price Requirement. New Risk • Dec 31
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.71m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.0% per year over the past 5 years. Market cap is less than US$10m (US$9.71m market cap). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). Reported Earnings • Dec 19
Full year 2025 earnings released: US$0.25 loss per share (vs US$0.19 loss in FY 2024) Full year 2025 results: US$0.25 loss per share (further deteriorated from US$0.19 loss in FY 2024). Revenue: US$15.4m (flat on FY 2024). Net loss: US$2.85m (loss widened 45% from FY 2024). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Dec 17
Bridgeline Digital, Inc. to Report Q4, 2025 Results on Dec 18, 2025 Bridgeline Digital, Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Dec 18, 2025 Price Target Changed • Nov 10
Price target increased by 21% to US$4.62 Up from US$3.81, the current price target is provided by 1 analyst. New target price is 296% above last closing price of US$1.17. Stock is up 5.0% over the past year. The company posted a net loss per share of US$0.19 last year. New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (US$14.1m market cap). Recent Insider Transactions • Aug 31
President recently bought US$77k worth of stock On the 26th of August, Roger Kahn bought around 55k shares on-market at roughly US$1.41 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Roger has been a buyer over the last 12 months, purchasing a net total of US$286k worth in shares. Reported Earnings • Aug 15
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: US$0.066 loss per share (further deteriorated from US$0.029 loss in 3Q 2024). Revenue: US$3.85m (down 2.3% from 3Q 2024). Net loss: US$789.0k (loss widened 159% from 3Q 2024). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Aug 12
Bridgeline Digital, Inc. to Report Q3, 2025 Results on Aug 14, 2025 Bridgeline Digital, Inc. announced that they will report Q3, 2025 results After-Market on Aug 14, 2025 New Risk • Aug 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$2.1m net loss next year). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (US$17.9m market cap). Announcement • Aug 08
Bridgeline Digital, Inc., Annual General Meeting, Sep 16, 2025 Bridgeline Digital, Inc., Annual General Meeting, Sep 16, 2025. Location: 150 woodbury road 2nd floor, woodbury, new york United States Major Estimate Revision • Jun 08
Consensus EPS estimates fall by 47% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$15.8m to US$15.7m. Losses expected to increase from US$0.17 per share to US$0.25. Software industry in the US expected to see average net income growth of 20% next year. Consensus price target of US$4.06 unchanged from last update. Share price rose 2.6% to US$1.59 over the past week. Recent Insider Transactions • May 28
President recently bought US$156k worth of stock On the 27th of May, Roger Kahn bought around 100k shares on-market at roughly US$1.55 per share. This transaction amounted to 9.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$600k. Roger has been a buyer over the last 12 months, purchasing a net total of US$260k worth in shares. Reported Earnings • May 16
Second quarter 2025 earnings released Second quarter 2025 results: Net income: (up US$602.0k from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. New Risk • May 16
New major risk - Revenue and earnings growth Earnings have declined by 29% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 29% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$1.5m net loss next year). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$20.7m market cap). Announcement • May 13
Bridgeline Digital, Inc. to Report Q2, 2025 Results on May 15, 2025 Bridgeline Digital, Inc. announced that they will report Q2, 2025 results After-Market on May 15, 2025 Buy Or Sell Opportunity • May 02
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 8.1% to US$2.14. The fair value is estimated to be US$1.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 21%. Revenue is forecast to grow by 5.3% in a year. Earnings are forecast to grow by 19% in the next year. Announcement • Apr 10
Bridgeline Digital, Inc. announced that it has received $0.720448 million in funding On April 9, 2025, Bridgeline Digital, Inc. closed the transaction. The transaction included participation from five investors. Buy Or Sell Opportunity • Apr 04
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to US$1.49. The fair value is estimated to be US$1.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 21%. Revenue is forecast to grow by 5.3% in a year. Earnings are forecast to grow by 19% in the next year. Recent Insider Transactions • Mar 30
Director recently bought US$600k worth of stock On the 26th of March, Michael Ketslakh bought around 395k shares on-market at roughly US$1.52 per share. This transaction increased Michael's direct individual holding by 7x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$733k more in shares than they have sold in the last 12 months. Announcement • Mar 26
Bridgeline Digital, Inc. has filed a Follow-on Equity Offering in the amount of $1.5 million. Bridgeline Digital, Inc. has filed a Follow-on Equity Offering in the amount of $1.5 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,000,000
Price\Range: $1.5
Discount Per Security: $0.105 Major Estimate Revision • Feb 26
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.15 to -US$0.17 per share. Revenue forecast unchanged at US$15.8m. Software industry in the US expected to see average net income growth of 21% next year. Consensus price target up from US$3.81 to US$4.06. Share price fell 22% to US$1.35 over the past week. Buy Or Sell Opportunity • Feb 21
Now 23% undervalued Over the last 90 days, the stock has risen 40% to US$1.57. The fair value is estimated to be US$2.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 21%. Revenue is forecast to grow by 5.6% in a year. Earnings are forecast to grow by 25% in the next year. New Risk • Feb 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$1.5m net loss next year). Market cap is less than US$100m (US$18.0m market cap). Reported Earnings • Feb 16
First quarter 2025 earnings released: US$0.061 loss per share (vs US$0.06 loss in 1Q 2024) First quarter 2025 results: US$0.061 loss per share (further deteriorated from US$0.06 loss in 1Q 2024). Revenue: US$3.79m (up 1.0% from 1Q 2024). Net loss: US$634.0k (loss widened 1.9% from 1Q 2024). Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Feb 12
Bridgeline Digital, Inc. to Report Q1, 2025 Results on Feb 13, 2025 Bridgeline Digital, Inc. announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 13, 2025 Price Target Changed • Jan 08
Price target increased by 82% to US$3.00 Up from US$1.65, the current price target is provided by 1 analyst. New target price is 60% above last closing price of US$1.87. Stock is up 120% over the past year. The company is forecast to post a net loss per share of US$0.15 next year compared to a net loss per share of US$0.19 last year. Announcement • Jan 08
HawkSearch Now Available on Salesforce AppExchange with Advanced Connector Bridgeline Digital, Inc. in partnership with Saleforce, has released the HawkSearch AI-Powered Product Discovery engine for Salesforce B2B Commerce to grow online revenue for B2B companies with massive catalogs of complex products. Powered with Agentic-AI, HawkSearch integrates with Saleforce Agentforce and leverages Generative-AI to drive traffic, increase conversion and grow order value to build revenue for Salesforce customers. Salesforce customers can now access HawkSearch directly from the AppExchange, launch the connector, and immediately enhance their eCommerce experience, driving quick improvements in revenue. Several businesses, including Seattle Aviation Solutions and Darley, have already adopted the HawkSearch Salesforce Connector, showcasing the rapid impact of this powerful integration. This milestone reinforces HawkSearch's position as a leader in providing flexible, scalable, tailored search solutions for businesses across industries. New Risk • Dec 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$1.5m net loss next year). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$13.0m market cap). Reported Earnings • Dec 24
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: US$0.19 loss per share (improved from US$0.91 loss in FY 2023). Revenue: US$15.4m (down 3.3% from FY 2023). Net loss: US$1.96m (loss narrowed 79% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.0%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Dec 21
Bridgeline Digital, Inc. to Report Q4, 2024 Results on Dec 23, 2024 Bridgeline Digital, Inc. announced that they will report Q4, 2024 results After-Market on Dec 23, 2024 Announcement • Dec 19
Bridgeline Digital, Inc. Announces A New Smart Response Feature for Hawksearch That Analyzes Pdf Content and Delivers Specific Answers to User Queries Bridgeline Digital, Inc. has announced a new Smart Response feature for HawkSearch that analyzes PDF content and delivers specific answers to user queries. The innovation includes tools for extracting content from large PDF repositories and using Generative AI (GenAI) to create helpful search features such as thumbnails of PDFs, summaries of pages within each PDF, and extraction of other important metadata such as file names and categorization. PDF Data Capture is a further example of HawkSearch’s focus on GenAI capabilities within its Smart Response suite. This innovation reinforces HawkSearch’s commitment to enhancing user experiences with advanced AI-driven tools. By providing detailed responses in addition to search results, businesses can deliver a more comprehensive search experience. For lengthy PDFs, the PDF Data Capture tool analyzes content, refers back to the original query, and provides concise responses, answering questions when applicable. The associated PDF file is also included for users who wish to explore the full document. Announcement • Dec 11
HawkSearch Unveils AI-Powered Unified Search Bridgeline Digital, Inc. will enhance HawkSearch by integrating keyword and concept search into a unified, intelligent search bar which will be known as "Unified Search". This innovation combines HawkSearch's precise keyword Search with the natural language processing capabilities of Concept Search, delivering faster and more relevant results to improve customer experiences and drive engagement. Unified Search is part of Bridgeline's Agentic-AI project, and its collaboration with Salesforce.com's AgentForce initiative, emphasizing advanced automation and seamless integration with intelligent agents. By merging keyword precision with the contextual understanding of concept search, HawkSearch empowers users to find exactly what they need, whether searching with specific terms or broader ideas. This dual-layered approach supports diverse customer search behaviors, reducing friction and enhancing satisfaction. Bridgeline plans to roll out this new functionality as part of its continued investment in HawkSearch's AI-driven capabilities. This initiative aligns with Bridgeline's mission to support businesses in achieving digital transformation with scalable, intelligent tools. Announcement • Dec 06
HawkSearch Introduces GenAI Smart Facets Bridgeline Digital, Inc. has launched Smart Facets, the latest feature in HawkSearch's Smart Response product line. Powered by Generative AI, Smart Facets automatically selects relevant facets in response to natural language searches. Smart Facets adds to the current list of Smart Response options offered by HawkSearch including Conversational Search and Smart Summary. Smart Facets transforms the search experience by seamlessly integrating with Concept Search, enabling users to ask detailed, context-rich questions. For example, a query like "And conduit fittings are between 1/2 and 3/4 inches in either grey or black color and cost less than $5?" is analyzed by Generative AI, which applies the appropriate facets to deliver precise, relevant results as if the user had manually selected them. This feature combines the power of Smart Response's Generative AI capabilities with the robust facet data managed by HawkSearch customers. Announcement • Nov 26
Bridgeline Digital, Inc. Launches Conversational Search Bridgeline Digital, Inc. has launched Conversational Search, the latest addition to its HawkSearch platform. Powered by Generative AI through Smart Response, this innovation leverages natural language capabilities to transform ordinary searches into conversational interactions. Conversational Search empowers businesses to: Turn Searches into Quality Conversations: Engage users with intelligent responses that guide them to relevant products and content, fostering deeper connections. Leverage Smart Response: M maintain conversation threads, link users to relevant results, and configure prompts for personalized, context-aware interactions. Harness Natural Language Processing (NLP): Understand user intent and phrasing to deliver accurate, meaningful search results. Enable Contextual Refinement: Allow users to refine queries or ask follow-up questions without restating their initial context, creating a smoother search journey. Deliver Personalization: Leverage user preferences and history to provide tailored search results that resume with individual needs. For customers using HawkSearch's Rapid UI framework, a pre-built component for Conversational Search ensures rapid deployment and seamless integration into digital environments. Announcement • Oct 17
Hawksearch Unveils Enhanced Rapid Ui Framework with Genai-Powered Smart Response Bridgeline Digital, Inc. announced a major update to HawkSearch's Rapid UI Framework, a powerful component-based framework that accelerates the integration of Smart Response into their search interfaces. The new version includes a new component for HawkSearch's Smart Response, a new GenAI capability to complement Smart Response's features as announced earlier in the year. Smart Response, now powered by Generative AI (GenAI), delivers a transformative experience for eCommerce users. It goes beyond traditional search results by enabling interactive conversations, summarizing extensive product information, and comparing items directly within the search interface. With the ability to customize "Agents" to align with brand tone, merchandisers can now fine-tune responses to suit specific customer needs. The updated version has comprehensive documentation and implementation examples available via the HawkSearch Developer Portal. A customer searching for a laptop on an eCommerce site can now engage with Smart Response to refine their options. By asking follow-up questions or requesting product comparisons, Smart Response provides a concise side-by-side analysis of laptops, highlighting key features like battery life and processor speed, helping the customer make a more informed decision without leaving the search interface. New Risk • Aug 26
New major risk - Revenue and earnings growth Earnings have declined by 7.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.1m free cash flow). Earnings have declined by 7.7% per year over the past 5 years. Market cap is less than US$10m (US$9.47m market cap). Recent Insider Transactions • Aug 23
President recently bought US$51k worth of stock On the 20th of August, Roger Kahn bought around 60k shares on-market at roughly US$0.85 per share. This transaction amounted to 6.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Roger has been a buyer over the last 12 months, purchasing a net total of US$84k worth in shares. Announcement • Aug 21
Bridgeline Digital, Inc. unveils Multi-Site Management the Latest New Feature for HawkSearch Bridgeline Digital, Inc. has unveiled Multi-Site Management (MSM) the latest new feature for HawkSearch. HawkSearch's new Multi-Site Management (MSM) allows organizations to centrally manage multiple websites, while still providing local sites the flexibility to tailor content for their markets.MSM was developed for a HawkSearch customer managing campaigns across 750 websites.MSM is ideal for scenarios where multiple teams oversee numerous local sites, providing streamlined and efficient management of both local and global merchandising campaigns. For example, a retail chain can useMSM to push a new product line to all stores, while allowing each location to adjust promotions based on regional preferences or inventory levels. This feature offers corporate scale and control while giving stores the flexibility to target specific merchandising needs. MSM simplifies the distribution of product updates across hundreds of stores by using a powerful indexing capability that automatically delivers data feeds and updates to all local indexes through a single procedure. Reported Earnings • Aug 16
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: US$0.029 loss per share (improved from US$0.075 loss in 3Q 2023). Revenue: US$3.94m (flat on 3Q 2023). Net loss: US$305.0k (loss narrowed 61% from 3Q 2023). Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Announcement • Jun 25
Bridgeline Digital, Inc., Annual General Meeting, Jul 31, 2024 Bridgeline Digital, Inc., Annual General Meeting, Jul 31, 2024. Location: new york office located at 150 woodbury road, 2nd floor, woodbury, new york 11797, United States Price Target Changed • Jun 13
Price target decreased by 21% to US$2.47 Down from US$3.13, the current price target is an average from 3 analysts. New target price is 133% above last closing price of US$1.06. Stock is down 10% over the past year. The company is forecast to post a net loss per share of US$0.20 next year compared to a net loss per share of US$0.91 last year. Announcement • Jun 08
Bridgeline Digital, Inc. Announces Release Date of its HawkSearch Athena Update Bridgeline Digital, Inc. announced the release date of its HawkSearch Athena update, which is set for June 13, 2024. The Athena release introduces new GenAI capabilities with Smart Responses, transforming customer interactions with search, leading to increased engagement and revenue for businesses. HawkSearch will introduce its Athena update with GenAI-powered Smart Responses to increase conversions for eCommerce customers. The Smart Response features engage users with interactive conversational dialogue based on search queries. It prompts follow-up questions and suggestions, imitating a personalized online sales assistant. This enhances engagement and ensures users find what they need efficiently. For example, when a user types solar panels on a solar panel eCommerce site, HawkSearch Smart Response will display detailed installation instructions and summarize the types of solar panels available, as well as their best uses. This empowers users to make more informed and confident purchasing decisions. Reported Earnings • May 16
Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations Second quarter 2024 results: US$0.058 loss per share (further deteriorated from US$0.049 loss in 2Q 2023). Revenue: US$3.80m (down 7.1% from 2Q 2023). Net loss: US$602.0k (loss widened 18% from 2Q 2023). Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • May 12
Bridgeline Digital, Inc. to Report Q2, 2024 Results on May 14, 2024 Bridgeline Digital, Inc. announced that they will report Q2, 2024 results After-Market on May 14, 2024 Announcement • Mar 08
Bridgeline Announces Zeus Launch with Concept and Image Search Bridgeline Digital, Inc. announced the release date of its HawkSearch "Smart Search" technology, set for March 15, 2024. Smart Search introduces two new ways to search, Concept and Visual Search, changing how customers interact with search and leading to increased engagement and revenue for businesses. HawkSearch will introduce its “Zeus” update for Smart Search and GenAI capabilities on March 15, 2024. This update introduces AI-powered Concept and Visual Search to help HawkSearch customers generate more revenue. Smart Search uses AI models, vector databases, and large language models to process customer queries, whether typed or through images. For instance, Visual Search allows a customer to upload an image of a product, and HawkSearch will show similar items for purchase. Concept Search lets users describe their needs in natural language, and the system finds relevant products or information. Major Estimate Revision • Feb 28
Consensus revenue estimates decrease by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$17.7m to US$15.9m. EPS estimate unchanged from -US$0.06 per share at last update. Software industry in the US expected to see average net income growth of 26% next year. Consensus price target broadly unchanged at US$3.13. Share price rose 18% to US$1.06 over the past week. Reported Earnings • Feb 15
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: US$0.06 loss per share (further deteriorated from US$0.008 loss in 1Q 2023). Revenue: US$3.76m (down 8.0% from 1Q 2023). Net loss: US$622.0k (loss widened US$542.0k from 1Q 2023). Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Announcement • Feb 14
Bridgeline Digital, Inc. to Report Q1, 2024 Results on Feb 14, 2024 Bridgeline Digital, Inc. announced that they will report Q1, 2024 results After-Market on Feb 14, 2024 Major Estimate Revision • Jan 10
Consensus EPS estimates upgraded to US$0.06 loss, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$18.0m to US$17.7m. 2024 losses expected to reduce from -US$0.087 to -US$0.06 per share. Software industry in the US expected to see average net income growth of 15% next year. Consensus price target of US$3.08 unchanged from last update. Share price fell 2.3% to US$0.83 over the past week. Announcement • Jan 05
Bridgeline Releases "Smart Search" AI Product Bridgeline Digital, Inc. announced the launch of its innovative HawkSearch AI product, "Smart Search". Smart Search has led to five new license sales worth over $60,000 in annual recurring revenue upon its release within December of 2023. The product leverages advanced AI algorithms, vector DBs, Natural Language Processing (NLP), and Large Language Models (LLMs) to provide an unparalleled search experience, offering intuitive and highly accurate search results. Its unique features include keyword, concept and image search capabilities, setting new standards in the realm of eCommerce search technology. With Smart Search, customers have two new ways to find products through concept and image search. The AI discerns the intent behind search terms, providing accurate results for even the most ambiguous queries and allowing image-based searches that redefine user interaction and efficiency for eCommerce sites. Reported Earnings • Dec 28
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: US$0.91 loss per share (down from US$0.21 profit in FY 2022). Revenue: US$15.9m (down 5.6% from FY 2022). Net loss: US$9.44m (down US$11.6m from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Announcement • Dec 28
Bridgeline Digital, Inc. Reports Goodwill Impairment for the Fiscal Fourth Quarter Ended September 30, 2023 Bridgeline Digital, Inc. reported goodwill impairment for the fiscal fourth quarter ended September 30, 2023. For the period, the company reported goodwill impairment of $7,517,000. Announcement • Dec 27
Bridgeline Digital, Inc. to Report Q4, 2023 Results on Dec 27, 2023 Bridgeline Digital, Inc. announced that they will report Q4, 2023 results at 4:30 PM, US Eastern Standard Time on Dec 27, 2023 Announcement • Nov 14
Bridgeline Digital, Inc and Xngage Unveils Enhanced Search Solution for Optimizely Bridgeline Digital, Inc. announces the launch of the Xngage Connector for Bridgeline’s HawkSearch AI software in the Optimizely Configured Commerce platform. This new connector, a product of the collaborative efforts of Bridgeline and Xngage, marks a significant step in enhancing eCommerce search functionalities and product discovery for Optimizely customers. HawkSearch, recognized for its powerful onsite search and product discovery tools, now seamlessly integrates with Optimizely, thanks to the collaboration between Bridgeline and Xngage. This integration prominently features HawkSearch’s 'workbench,' a key tool enabling merchants to fine-tune search results, manage promotions, and apply the "boost and bury" functionality for personalized search experiences. Aimed at increasing online revenues, conversion rates, and the average order value (AOV) for businesses, this development is a testament to Xngage's expertise in eCommerce and technology implementation. Announcement • Oct 01
Bridgeline Digital Receives Non-Compliance Notice From Nasdaq On September 27, 2023, Bridgeline Digital, Inc. (the “Company”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the closing bid price of the Company’s common stock (“Common Stock”) for the thirty-one (31) consecutive business days ended September 26, 2023, the Company no longer satisfies the requirement to maintain a minimum bid price of $1.00 per share, as set in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial period of 180 calendar days, or until March 25, 2024 (the “Initial Compliance Period”), to regain compliance by satisfying the Bid Price Requirement for a minimum of ten (10) consecutive business days during the Initial Compliance Period. If the Company does not regain compliance within the Initial Compliance Period, it may be provided an additional compliance period of 180 calendar days (the “Additional Compliance Period”). To qualify for the Additional Compliance Period, the Company must satisfy the continued listing requirement for the market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market. The Company would also be required to provide written notice to Nasdaq of its intent to cure the deficiency. The letter does not result in the immediate delisting of the Company’s Common Stock from The Nasdaq Capital Market. The Company will continue to monitor the closing bid price of its Common Stock and consider its available options in the event it is unable regain compliance with the Bid Price Requirement. New Risk • Aug 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (US$9.70m market cap). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$803k net loss next year). Share price has been volatile over the past 3 months (9.7% average weekly change). New Risk • Aug 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.43m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (US$9.43m market cap). Minor Risk Currently unprofitable and not forecast to become profitable next year (US$803k net loss next year). Reported Earnings • Aug 13
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: US$0.075 loss per share (down from US$0.039 profit in 3Q 2022). Revenue: US$3.91m (down 7.0% from 3Q 2022). Net loss: US$781.0k (down 294% from profit in 3Q 2022). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Aug 10
Bridgeline Digital, Inc. to Report Q3, 2023 Results on Aug 11, 2023 Bridgeline Digital, Inc. announced that they will report Q3, 2023 results at 4:30 PM, Eastern Standard Time on Aug 11, 2023 Price Target Changed • Jul 13
Price target increased by 10% to US$3.17 Up from US$2.88, the current price target is an average from 3 analysts. New target price is 145% above last closing price of US$1.29. Stock is up 2.4% over the past year. The company is forecast to post a net loss per share of US$0.16 compared to earnings per share of US$0.21 last year. Major Estimate Revision • Jun 01
Consensus EPS estimates fall by 80% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$16.7m to US$16.0m. Losses expected to increase from US$0.10 per share to US$0.18. Software industry in the US expected to see average net income growth of 11% next year. Consensus price target down from US$2.93 to US$2.75. Share price fell 3.7% to US$1.03 over the past week. Major Estimate Revision • May 26
Consensus EPS estimates fall by 80% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$16.7m to US$16.0m. Losses expected to increase from US$0.10 per share to US$0.18. Software industry in the US expected to see average net income growth of 11% next year. Consensus price target broadly unchanged at US$2.88. Share price rose 6.3% to US$1.01 over the past week. Reported Earnings • May 16
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: US$0.049 loss per share (down from US$0.034 profit in 2Q 2022). Revenue: US$4.09m (flat on 2Q 2022). Net loss: US$511.0k (down 248% from profit in 2Q 2022). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • May 10
Bridgeline Digital, Inc. Receives A Letter from Nasdaq Regarding Minimum Bid Price On May 3, 2023, Bridgeline Digital, Inc. (the Company") received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (Nasdaq") indicating that, based upon the closing bid price of theCompany's common stock (Common Stock") for the thirty (30) consecutive business days ended May 2, 2023, the Company no longer satisfies the requirement to maintain a minimum bid price of $1.00 per share, as set inNasdaq Listing Rule 5550(a)(2) (the Bid Price Requirement"). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial period of 180 calendar days, or until October 30, 2023(the Initial Compliance Period"), to regain compliance by satisfying the Bid Price Requirement for a minimum of ten (10) consecutive business days during the Initial Compliance Period. If the Company does not regain compliance within the Initial Compliance Period, it may be provided an additional compliance period of 180 calendar days (the Additional Compliance Period"). To qualify for the Additional Compliance Period, the Company must satisfy the continued listing requirement for the market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market. The Company would also be required to provide written notice to Nasdaq of its intent to cure the deficiency. The letter does not result in the immediate delisting of the Company's Common Stock from The Nasdaq Capital Market. The Company will continue to monitor the closing bid price of its Common Stock and consider its available options in the event it is unable regain compliance with the Bid Price Requirement. Recent Insider Transactions • Mar 10
President recently bought US$96k worth of stock On the 8th of March, Roger Kahn bought around 86k shares on-market at roughly US$1.12 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Roger has been a buyer over the last 12 months, purchasing a net total of US$718k worth in shares. Recent Insider Transactions • Mar 10
President recently bought US$96k worth of stock On the 8th of March, Roger Kahn bought around 86k shares on-market at roughly US$1.12 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Roger has been a buyer over the last 12 months, purchasing a net total of US$718k worth in shares. Major Estimate Revision • Feb 23
Consensus EPS estimates fall by 67% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$18.4m to US$16.7m. Losses expected to increase from US$0.06 per share to US$0.10. Software industry in the US expected to see average net income growth of 9.3% next year. Consensus price target down from US$3.40 to US$2.93. Share price fell 7.1% to US$0.99 over the past week. Reported Earnings • Feb 16
First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2023 results: US$0.008 loss per share (down from US$0.18 profit in 1Q 2022). Revenue: US$4.08m (down 4.7% from 1Q 2022). Net loss: US$80.0k (down 104% from profit in 1Q 2022). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) exceeded analyst estimates by 75%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Feb 14
Bridgeline Digital, Inc. to Report Q1, 2023 Results on Feb 14, 2023 Bridgeline Digital, Inc. announced that they will report Q1, 2023 results at 4:30 PM, US Eastern Standard Time on Feb 14, 2023 Major Estimate Revision • Jan 11
Consensus EPS estimates fall by 500% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from US$18.8m to US$18.4m. Losses expected to increase from US$0.01 per share to US$0.06. Software industry in the US expected to see average net income growth of 11% next year. Consensus price target down from US$3.88 to US$3.40. Share price was steady at US$1.12 over the past week. Price Target Changed • Jan 11
Price target decreased to US$3.40 Down from US$3.88, the current price target is an average from 2 analysts. New target price is 201% above last closing price of US$1.13. Stock is down 48% over the past year. The company is forecast to post a net loss per share of US$0.06 compared to earnings per share of US$0.21 last year. Reported Earnings • Dec 21
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: US$0.21 (up from US$1.47 loss in FY 2021). Revenue: US$16.8m (up 27% from FY 2021). Net income: US$2.15m (up US$10.8m from FY 2021). Profit margin: 13% (up from net loss in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. President, CEO & Director Ari Kahn was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Sep 30
No longer forecast to breakeven The 2 analysts covering Bridgeline Digital no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$969.0k in 2022. New consensus forecast suggests the company will make a loss of US$391.5k in 2023. Recent Insider Transactions • Sep 10
President recently bought US$70k worth of stock On the 8th of September, Roger Kahn bought around 51k shares on-market at roughly US$1.36 per share. This transaction amounted to 10.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$131k. Roger has been a buyer over the last 12 months, purchasing a net total of US$495k worth in shares. Recent Insider Transactions • Aug 17
President recently bought US$93k worth of stock On the 16th of August, Roger Kahn bought around 67k shares on-market at roughly US$1.39 per share. This was the largest purchase by an insider in the last 3 months. Roger has been a buyer over the last 12 months, purchasing a net total of US$174k worth in shares. Reported Earnings • Aug 12
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: US$0.039 (up from US$0.61 loss in 3Q 2021). Revenue: US$4.21m (up 22% from 3Q 2021). Net income: US$403.0k (up US$4.01m from 3Q 2021). Profit margin: 9.6% (up from net loss in 3Q 2021). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 9.4%, compared to a 18% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. 