Core Insights - Bridgeline Digital, Inc. is set to release its HawkSearch "Athena" update on June 13, 2024, which will introduce new GenAI capabilities aimed at enhancing customer interactions and driving revenue growth for businesses [1][4]. Company Overview - Bridgeline Digital focuses on helping companies increase online revenue by boosting traffic, conversion rates, and average order value [3]. Product Features - The Athena update will feature GenAI-powered "Smart Responses" that provide personalized answers and summaries based on user search queries, enhancing the eCommerce experience [2][4]. - Smart Responses will engage users through interactive dialogue, prompting follow-up questions and suggestions, similar to a personalized online sales assistant [4]. - An example provided illustrates that when a user searches for "solar panels," the Smart Response will offer detailed installation instructions and summarize available types of solar panels and their best uses, aiding informed purchasing decisions [4]. Leadership Statements - John Murcott, EVP of Product & Strategy, emphasized the revolutionary impact of AI on eCommerce search with the Athena release [2]. - CEO Ari Kahn highlighted the success of Bridgeline's AI technology with existing customers and reaffirmed the company's commitment to AI innovation through the new Athena capabilities [5].

Get the HawkSearch connector for BigCommerce here. About Bridgeline Digital Bridgeline helps companies grow online revenue by increasing traffic, conversion rates, and average order value. To learn more, please visit www.bridgeline.com. Contact: Danielle Colvin SVP of Marketing Bridgeline Digital press@bridgeline.com WOBURN, Mass., May 30, 2024 (GLOBE NEWSWIRE) -- Bridgeline Digital, Inc. (NASDAQ:BLIN), a global leader in AI-powered marketing technology, announced today the launch of HawkSearch on two of Sa ...

Core Insights - Bridgeline Digital, Inc. has launched HawkSearch on Sailrite's eCommerce sites to enhance product discovery for both B2C and B2B customers [1][2] - The integration of HawkSearch is part of Sailrite's growth strategy, utilizing AI-powered search capabilities to improve user experience [2][3] - The partnership highlights Bridgeline's expertise in supporting retailers on the BigCommerce Multi-Storefront platform [3] Company Overview - Bridgeline Digital specializes in AI-powered marketing technology aimed at increasing online revenue through improved traffic, conversion rates, and average order value [3] - The company provides quick and easy implementation of HawkSearch on the BigCommerce platform, facilitating efficient upgrades for retailers [3]

Core Insights - Bridgeline Digital, Inc. has partnered with Colonial Electric Supply to implement HawkSearch for enhancing product discovery on its eCommerce platform [1][5] - The inventory of Colonial Electric Supply is valued at over $40 million, indicating a significant market presence [2] - HawkSearch is designed to address common B2B queries, improving the efficiency of product searches for customers [3] Group 1 - The implementation of HawkSearch will elevate Colonial Electric Supply's eCommerce strategy through AI-powered search capabilities [2][5] - HawkSearch Recommendations will enable personalized shopping experiences, potentially increasing the average order size for Colonial Electric Supply [4][5] - Bridgeline's growing presence in the electrical distribution sector is highlighted by partnerships with other major distributors using HawkSearch [5][6] Group 2 - The CEO of Bridgeline emphasized the importance of HawkSearch's AI capabilities in meeting the complex needs of electrical distributor customers [6] - Bridgeline aims to help companies grow online revenue by increasing traffic, conversion rates, and average order value [6]

WOBURN, Mass., May 23, 2024 (GLOBE NEWSWIRE) -- Bridgeline Digital, Inc. (NASDAQ:BLIN), a provider of marketing software, today announced Colonial Electric Supply, a large, independent, family-owned- and-operated electrical distributor, has chosen Bridgeline's HawkSearch to power product discovery for its eCommerce website using HawkSearch's Optimizely connector. HawkSearch will elevate Colonial Electric Supply's eCommerce strategy through AI-powered search for the distributor's inventory, valued at over $4 ...

Core Insights - Bridgeline Digital, Inc. and Moblico are collaborating to present a session on AI mobile search at the Applied AI Conference in Chicago, focusing on enhancing product access for contractors [1][2][3] - The partnership aims to leverage AI technology to improve efficiency and convenience in product sourcing for contractors, allowing them to access product availability seamlessly from mobile devices [3] Company Overview - Moblico specializes in mobile engagement solutions for wholesale distributors, with a significant impact across six countries over the past 13 years [4] - Bridgeline Digital focuses on helping companies grow online revenue by increasing traffic, conversion rates, and average order value [5] Industry Implications - The session will provide insights on how AI can be utilized to increase sales, streamline productivity, and drive revenue growth in the wholesale distribution industry [2][3]

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $3.8 million, a decrease from $4.1 million in the prior year period [22] - Subscription license revenue was $3 million, down from $3.3 million year-over-year, accounting for 79% of total revenue [22][23] - Services revenue decreased to $794,000 from $821,000, representing 21% of total revenue [23] - Gross profit was $2.5 million, down from $2.8 million, with a gross profit margin of 66% compared to 69% in the prior year [24] - Net loss for the quarter was $602,000, compared to a net loss of $511,000 in the prior year [26] Business Line Data and Key Metrics Changes - HawkSearch is approaching 60% of subscription revenue, with expectations for further growth [33][38] - The company sold nearly 50 licenses this fiscal year, generating over $4 million in total contract value [38] - HawkSearch's Smart Search technology is a primary focus, driving growth and innovation [5][21] Market Data and Key Metrics Changes - The partnership with BigCommerce has significantly improved lead generation and credibility within its ecosystem [1][41] - The pipeline has seen a 35% increase in traffic and a 66% increase in conversion to lead generation compared to last year [16] Company Strategy and Development Direction - The company is focusing on expanding HawkSearch with AI capabilities and partnerships with key platforms like BigCommerce and Optimizely [6][40] - Bridgeline's e-commerce 360 strategy allows for growth through acquisitions while maintaining a strong focus on HawkSearch [5] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about ongoing growth prospects and the strong sales trajectory of HawkSearch [14][35] - The company anticipates that subscription revenue will be dominated by HawkSearch in FY 2024, which begins in October [33] Other Important Information - The company has a cash position of $1.3 million and total assets of $16.3 million as of March 31, 2024 [27][28] - The total debt outstanding is approximately $600,000, with no other debt or earnouts remaining from previous acquisitions [27][28] Q&A Session Summary Question: When will revenue from HawkSearch begin to show real growth? - HawkSearch is approaching 60% of subscription revenue, with expectations for significant growth in FY 2024 [33] Question: Can you provide insight into cash burn and projected cash position? - The company can manage financials to generate cash and can reduce non-personal marketing spending by $150,000 to $250,000 per quarter if needed [8][10] Question: What is the company's view on maintaining a diverse product base while scaling HawkSearch? - The company aims for HawkSearch to be as out-of-the-box as possible, with services revenue primarily driven by Unbound [34]

"Fresh off our record sales in the first quarter, our Zeus product launch featuring Smart Search has been a remarkable success in Q2 and will continue to be a major sales focus in 2024 and beyond," said Ari Kahn, Bridgeline's President and Chief Executive Officer. "Smart Search is an AI-powered product discovery technology that increases sales conversion on eCommerce sites through text and image-based search. Bridgeline's partnerships further boost Smart Search sales with platforms such as Optimizely and Bi ...

Gartner Disclaimer: WOBURN, Mass., May 16, 2024 (GLOBE NEWSWIRE) -- Bridgeline Digital, Inc. (NASDAQ: BLIN), a global leader in AI-powered marketing technology, announces that its HawkSearch solution has been recognized for B2B Search in the first ever Gartner® Magic Quadrant™ for Search and Product Discovery. We believe this highlights HawkSearch's position as an innovator with its advanced AI-powered Smart Search capabilities. Gartner does not endorse any vendor, product, or service depicted in its resear ...

What's Next for Bridgeline Digital? While Bridgeline Digital has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Bridgeline Digital, Inc. (BLIN) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was ...