Business
Bridgeline Announces Financial Results for the Second Quarter of Fiscal 2022
Second Quarter Total Revenue Increases 43% Versus Prior Year Total Subscription and Licenses Revenue Increases 66% Versus Prior Year WOBURN, Mass., May 12,
About this update from Bridgeline Digital, Inc.
[{"type":"text","content":"Second Quarter Total Revenue Increases 43% Versus Prior Year Total Subscription and Licenses Revenue Increases 66% Versus Prior Year WOBURN, Mass., May 12, 2022 (GLOBE NEWSWIRE) -- Bridgeline Digital, Inc. (NASDAQ: BLIN), a provider of cloud-based Marketing Technology software, today announced financial results for its fiscal second quarter ended March 31, 2022. \"Bridgeline had a strong quarter with the release of TruPresence, our eCommerce360 dashboard, and we won more customers this quarter than any quarter in our history,\" said Ari Kahn, Bridgeline's President, and Chief Executive Officer. \"Our conversion and traffic apps were particularly strong with Hawksearch and WooRank driving new sales, especially in the B2B Distributor sector. Optimizely and BigCommerce were strong partners and brought several new customers to Bridgeline.\" Financial Highlights – Second Quarter of Fiscal Year 2022 Total revenue was $4.1 million, an increase of 43% from $2.9 million in the prior year period.Subscription and licenses revenue was $3.3 million, an increase of 66% from $2.0 million in the prior year period.Gross profit was $2.8 million, an increase of 54% from $1.8 million in the prior year period.Gross margin increased to 68% compared to 63% in the prior year period. Financial Highlights – First 6 Months of Fiscal Year 2022 Total revenue was $8.4 million, an increase of 47% from $5.7 million in the prior year period.Subscription and licenses revenue was $6.7 million, an increase of 69% from $4.0 million in the prior year period.Gross profit was $5.8 million, an increase of 57% from $3.7 million in the prior year period.Gross margin increased to 69% compared to 65% in the prior year period. Business Highlights Corporate Highlights: Bridgeline reported that it closed 33 license sales in the second quarter of fiscal year 2022. Bridgeline's cross-sale strategy remains strong, with 9 license sales to its existing customer base and 24 newly won customers. Product Highlights: TruPresence was released in our second quarter. This product suite offers franchise and multi-location businesses specialized software for managing multiple websites, location pages, local eCommerce, search, and reporting.eCommerce360 Dashboard is our second product launch this year and provides online retailers an at-a-glance view of their site’s revenue strength. The da...