Bridgeline Digital Reports Q4 Financial Results
Bridgeline Digital Reports Q4 Financial Results

Bridgeline Digital Reports Q4 Financial Results

News summary

Bridgeline Digital Inc. reported a total revenue of $15.4 million for the fiscal year 2024, down from $15.9 million in the previous year, with a notable decrease in subscription and perpetual license revenue. However, the company saw a 3% increase in digital engagement services revenue, which accounted for 21% of total revenue. Bridgeline improved its net loss to $2.0 million, significantly better than the $9.4 million loss reported last year, largely due to the absence of a goodwill impairment charge. Their gross profit margin remained steady at 68%, with an overall gross profit of $10.4 million. The company is focusing on expanding its AI-powered product suite and has reported record sales pipeline metrics for 2025, emphasizing the growing demand for its HawkSearch platform. Bridgeline Digital continues to navigate challenges while enhancing its offerings and customer base.

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