Bridgeline Digital, Inc. BLIN
Bridgeline Digital is an AI-powered marketing technology company that offers a suite of products that help companies grow online revenue by driving more visitors to their websites, converting more visitors to purchasers, and increasing average order value per purchaser.
Bridgeline's software is available through a cloud-based Software as a Service ("SaaS") model. Additionally, Bridgeline's software is available via a perpetual licensing business model, in which the software can reside on premises at the customer's facility, or manage-hosted by Bridgeline.
The Company's corporate headquarters is located in Woburn, Massachusetts. The Company maintains regional field offices serving the following geographical locations: Garden City, NY; Rosemont, IL; Atascadero, CA; Ontario, Canada; and Brussels, Belgium.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.4M | $15.4M | $15.9M | $16.8M | $13.3M | $10.9M | $10.0M | $13.6M | $16.3M | $15.9M |
| Cost of revenue | $5.1M | $4.9M | $5.0M | $5.1M | $4.5M | $4.5M | $5.4M | $6.7M | $7.2M | $7.3M |
| Gross profit | $10.2M | $10.4M | $10.9M | $11.7M | $8.7M | $6.4M | $4.6M | $6.8M | $9.1M | $8.6M |
| R&D | $4.0M | $4.2M | $3.7M | $3.2M | $2.4M | $1.6M | $2.2M | $1.6M | $1.6M | $1.6M |
| SG&A | $3.1M | $3.3M | $3.2M | $3.4M | $2.4M | $2.5M | $3.2M | $2.9M | $3.3M | $3.5M |
| Total operating expenses | $12.7M | $12.5M | $20.8M | $13.6M | $9.9M | $8.0M | $15.7M | $13.8M | $10.5M | $12.2M |
| Operating income | -$2.4M | -$2.0M | -$9.9M | -$1.9M | -$1.2M | -$1.6M | -$11.1M | -$7.0M | -$1.4M | -$3.5M |
| Interest expense | — | — | — | — | $883.0K | $7.0K | $303.0K | $265.0K | $201.0K | $914.0K |
| Pre-tax income | -$2.6M | -$2.0M | -$9.5M | $2.2M | -$7.9M | $337.0K | -$9.5M | -$7.2M | -$1.6M | -$7.9M |
| Income tax | $39.0K | $43.0K | $94.0K | $30.0K | $1.2M | $11.0K | $4.0K | $3.0K | $16.0K | $47.0K |
| Net income | -$2.5M | -$2.0M | -$9.4M | $2.1M | -$6.7M | $326.0K | -$9.5M | -$7.2M | -$1.6M | -$7.8M |
| EPS, basic | -0.25 | -0.19 | -0.91 | 0.21 | -1.47 | -0.59 | -8.16 | -89.05 | — | — |
| EPS, diluted | -0.25 | -0.19 | -0.91 | 0.20 | -1.47 | -0.59 | -8.16 | -89.05 | -0.45 | -4.20 |
| Shares, diluted (wtd. avg.) | 11.2M | 10.4M | 10.4M | 10.4M | 5.9M | 3.6M | 1.2M | 84,549 | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.6M | $1.4M | $2.4M | $2.9M | $8.9M | $861.0K | $296.0K | $644.0K | $748.0K | $661.0K |
| Receivables | $1.5M | $1.3M | $1.0M | $1.2M | $1.4M | $665.0K | $979.0K | $1.7M | — | — |
| Total current assets | $3.5M | $2.9M | $3.7M | $4.3M | $10.4M | $1.9M | $1.7M | $2.8M | $4.1M | $3.6M |
| Property, plant and equipment | $46.0K | $74.0K | $151.0K | $268.0K | $252.0K | $238.0K | $299.0K | $80.0K | $209.0K | $512.0K |
| Goodwill | $8.5M | $8.5M | $8.5M | $16.0M | $16.0M | $5.6M | $5.6M | $7.8M | $12.6M | $12.6M |
| Other intangibles | $3.2M | $3.9M | $4.9M | $6.3M | $7.8M | $2.6M | $3.5M | $20.0K | $263.0K | $548.0K |
| Total assets | $15.3M | $15.6M | $17.6M | $27.5M | $35.0M | $10.7M | $11.2M | $11.0M | $17.6M | $17.7M |
| Accounts payable | $1.7M | $1.1M | $1.3M | $972.0K | $974.0K | $1.3M | $1.7M | $1.6M | $1.2M | $1.3M |
| Short-term debt | — | — | — | — | — | $88.0K | — | $1.0M | — | — |
| Total current liabilities | $5.0M | $4.7M | $4.7M | $4.8M | $8.3M | $3.6M | $3.8M | $3.8M | $3.6M | $3.7M |
| Long-term debt | $326.0K | $500.0K | $700.0K | $1.0M | $1.9M | — | — | $2.6M | $2.5M | $2.1M |
| Total liabilities | $5.8M | $5.6M | $6.2M | $7.2M | $17.4M | $6.3M | $7.4M | $6.6M | $6.3M | $6.2M |
| Retained earnings | -$94.1M | -$91.5M | -$89.6M | -$80.1M | -$82.3M | -$73.6M | -$71.5M | -$61.8M | -$54.2M | -$52.4M |
| Total equity | $9.6M | $10.0M | $11.5M | $20.4M | $17.6M | $4.4M | $3.8M | $4.4M | $11.3M | $11.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.1M | -$765.0K | $277.0K | -$134.0K | -$989.0K | -$498.0K | -$4.2M | -$1.1M | -$940.0K | -$2.7M |
| Depreciation and amortisation | $779.0K | $1.1M | $1.5M | $1.6M | $1.2M | $968.0K | $620.0K | $356.0K | $582.0K | $1.3M |
| Stock-based compensation | $582.0K | $558.0K | $571.0K | $478.0K | $607.0K | $194.0K | $249.0K | $491.0K | $559.0K | $320.0K |
| Capital expenditure | $18.0K | $29.0K | $25.0K | $117.0K | $79.0K | $0 | $20.0K | $35.0K | $47.0K | $23.0K |
| Investing cash flow | — | — | -$25.0K | -$195.0K | -$4.5M | $0 | -$5.7M | -$50.0K | -$93.0K | -$165.0K |
| Financing cash flow | $1.4M | -$209.0K | -$649.0K | -$5.5M | $13.5M | $1.0M | $9.5M | $1.1M | $1.1M | $3.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-026578.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.9M | $16.3M | $13.6M | $10.0M | $10.9M | $13.3M | $16.8M | $15.9M | $15.4M | $15.4M |
| Gross profit | $8.6M | $9.1M | $6.8M | $4.6M | $6.4M | $8.7M | $11.7M | $10.9M | $10.4M | $10.2M |
| Net income | -$7.8M | -$1.6M | -$7.2M | -$9.5M | $326.0K | -$6.7M | $2.1M | -$9.4M | -$2.0M | -$2.5M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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