Bridgeline Digital(BLIN) - 2024 Q3 - Quarterly Report

PART I—FINANCIAL INFORMATION Item 1. Condensed Consolidated Financial Statements This section presents Bridgeline Digital, Inc.'s unaudited condensed consolidated financial statements, including balance sheets, statements of operations, comprehensive loss, stockholders' equity, cash flows, and detailed notes on accounting policies and financial accounts Condensed Consolidated Balance Sheets | ASSETS | June 30, 2024 (in thousands) | September 30, 2023 (in thousands) | | :------------------------------------ | :----------------------------- | :-------------------------------- | | Cash and cash equivalents | $1,200 | $2,377 | | Accounts receivable, net | 1,531 | 1,004 | | Total current assets | 3,063 | 3,659 | | Total assets | $15,965 | $17,631 | | LIABILITIES AND STOCKHOLDERS' EQUITY | | | | Total current liabilities | 4,603 | 4,749 | | Total liabilities | 5,627 | 6,171 | | Total stockholders' equity | 10,338 | 11,460 | | Total liabilities and stockholders' equity | $15,965 | $17,631 | - Total assets decreased by $1,666 thousand from $17,631 thousand as of September 30, 2023, to $15,965 thousand as of June 30, 2024[8] - Total stockholders' equity decreased by $1,122 thousand from $11,460 thousand as of September 30, 2023, to $10,338 thousand as of June 30, 2024[8] Condensed Consolidated Statements of Operations | Metric (in thousands) | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2023 | Nine Months Ended June 30, 2024 | Nine Months Ended June 30, 2023 | | :------------------------------------ | :------------------------------- | :------------------------------- | :------------------------------ | :------------------------------ | | Total net revenue | $3,936 | $3,910 | $11,495 | $12,087 | | Gross profit | 2,706 | 2,643 | 7,782 | 8,279 | | Loss from operations | (383) | (665) | (1,537) | (1,689) | | Net loss | (305) | (781) | (1,529) | (1,372) | | Basic net loss per share | $(0.03) | $(0.07) | $(0.15) | $(0.13) | | Diluted net loss per share | $(0.03) | $(0.07) | $(0.15) | $(0.13) | - Net loss for the three months ended June 30, 2024, improved to $(305) thousand from $(781) thousand in the prior year, while for the nine months, it worsened to $(1,529) thousand from $(1,372) thousand[9] - Total net revenue remained relatively flat for the three-month period ($3,936 thousand vs. $3,910 thousand YoY) but decreased for the nine-month period ($11,495 thousand vs. $12,087 thousand YoY)[9] Condensed Consolidated Statements of Comprehensive Loss | Metric (in thousands) | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2023 | Nine Months Ended June 30, 2024 | Nine Months Ended June 30, 2023 | | :------------------------------------ | :------------------------------- | :------------------------------- | :------------------------------ | :------------------------------ | | Net loss | $(305) | $(781) | $(1,529) | $(1,372) | | Net change in foreign currency translation adjustment | 11 | 28 | (14) | (38) | | Comprehensive loss | $(294) | $(753) | $(1,543) | $(1,410) | - Comprehensive loss for the three months ended June 30, 2024, was $(294) thousand, an improvement from $(753) thousand in the prior year, primarily due to a reduced net loss[10] - For the nine months ended June 30, 2024, comprehensive loss was $(1,543) thousand, an increase from $(1,410) thousand in the prior year[10] Condensed Consolidated Statements of Stockholders' Equity | Metric (in thousands) | Balance at October 1, 2023 | Balance at June 30, 2024 | | :------------------------------------ | :------------------------- | :----------------------- | | Common Stock Amount | $10 | $10 | | Additional Paid-in Capital | $101,275 | $101,696 | | Accumulated Deficit | $(89,577) | $(91,106) | | Accumulated Other Comprehensive Loss | $(248) | $(262) | | Total Stockholders' Equity | $11,460 | $10,338 | - Total stockholders' equity decreased from $11,460 thousand at October 1, 2023, to $10,338 thousand at June 30, 2024, primarily due to net losses[12] - Stock-based compensation expense contributed $421 thousand to additional paid-in capital for the nine months ended June 30, 2024[12][52] Condensed Consolidated Statements of Cash Flows | Metric (in thousands) | Nine Months Ended June 30, 2024 | Nine Months Ended June 30, 2023 | | :------------------------------------ | :------------------------------ | :------------------------------ | | Net cash (used in) provided by operating activities | $(982) | $349 | | Cash flows from investing activities | $(24) | $(23) | | Net cash used in financing activities | $(189) | $(635) | | Net decrease in cash and cash equivalents | $(1,177) | $(249) | | Cash and cash equivalents at end of period | $1,200 | $2,607 | - The company experienced a significant shift in operating cash flow, moving from $349 thousand provided in the nine months ended June 30, 2023, to $(982) thousand used in the same period of 2024[14] - Cash and cash equivalents decreased by $1,177 thousand, resulting in an ending balance of $1,200 thousand as of June 30, 2024[14] Notes to Unaudited Condensed Consolidated Financial Statements 1. Description of Business - Bridgeline Digital is a marketing technology company offering cloud-based SaaS products (HawkSearch, Celebros Search, Woorank, Unbound, TruPresence, OrchestraCMS) to help companies grow online revenue and share information[16][17][89][90] - The company has historically incurred operating losses and relies on cash on hand and financing activities, while maintaining tight control over discretionary spending for fiscal year 2024[19][117] - Bridgeline may offer and sell up to $50 million in debt or equity securities under an effective S-3 registration statement, though no active offerings are currently in place[20][118] 2. Summary of Significant Accounting Policies - The company adopted ASU 2016-13 (Financial Instruments - Credit Losses) and ASU 2021-08 (Business Combinations) effective October 1, 2023, with no material impact on financial statements[23][25] - Pending accounting pronouncements include ASU 2023-07 (Segment Reporting) and ASU 2023-09 (Income Taxes), expected to result in enhanced disclosures but no material financial statement impact[26][27] 3. Accounts Receivable | Metric (in thousands) | As of June 30, 2024 | As of September 30, 2023 | | :------------------------------------ | :------------------ | :----------------------- | | Accounts receivable | $1,798 | $1,184 | | Allowance for credit losses | (267) | (180) | | Accounts receivable, net | $1,531 | $1,004 | - Net accounts receivable increased by $527 thousand from $1,004 thousand as of September 30, 2023, to $1,531 thousand as of June 30, 2024[29] - The allowance for credit losses increased by $87 thousand, from $180 thousand to $267 thousand, with a credit loss expense of $104 thousand for the nine months ended June 30, 2024[29][30] 4. Fair Value Measurement and Fair Value of Financial Instruments - Warrant liabilities are measured at fair value using Level 3 inputs and a Monte Carlo option-pricing model, considering comparable public company volatilities[34] | Metric (in thousands) | June 30, 2024 | September 30, 2023 | | :------------------------------------ | :------------ | :----------------- | | Total warrant liabilities | $93 | $174 | - The company recognized a gain of $88 thousand for the three months ended June 30, 2024, and a gain of $81 thousand for the nine months ended June 30, 2024, related to changes in the fair value of warrant liabilities[35] 5. Intangible Assets | Intangible Asset (in thousands) | As of June 30, 2024 | As of September 30, 2023 | | :------------------------------------ | :------------------ | :----------------------- | | Domain and trade names | $586 | $629 | | Customer related | 3,176 | 3,678 | | Technology | 332 | 583 | | Balance at end of period | $4,094 | $4,890 | - Total intangible assets, net, decreased by $796 thousand from $4,890 thousand as of September 30, 2023, to $4,094 thousand as of June 30, 2024[41] - Amortization expense for intangible assets was $184 thousand for the three months and $796 thousand for the nine months ended June 30, 2024[41] 6. Accrued Liabilities | Accrued Liability (in thousands) | As of June 30, 2024 | As of September 30, 2023 | | :------------------------------------ | :------------------ | :----------------------- | | Compensation and benefits | $467 | $517 | | Professional fees | 238 | 260 | | Insurance | 39 | - | | Other | 187 | 218 | | Balance at end of period | $931 | $995 | - Total accrued liabilities decreased by $64 thousand from $995 thousand as of September 30, 2023, to $931 thousand as of June 30, 2024[42] 7. Long-term Debt | Debt Type (in thousands) | As of June 30, 2024 | As of September 30, 2023 | | :------------------------------------ | :------------------ | :----------------------- | | Term loan payable | $317 | $385 | | Seller's note payable | 207 | 317 | | Total debt | 524 | 702 | | Less: current portion | (207) | (267) | | Long-term debt, net of current portion | $317 | $435 | - Total long-term debt decreased by $178 thousand from $702 thousand as of September 30, 2023, to $524 thousand as of June 30, 2024[43] - Future maturities of long-term debt include $84 thousand remaining in fiscal year 2024 and $207 thousand in 2025[44] 8. Stockholders' Equity - The company has authorized 1,000,000 shares of preferred stock, with 350 shares of Series C Convertible Preferred Stock outstanding as of June 30, 2024, convertible into 38,889 common shares[45][48] - As of June 30, 2024, there were 2,110,228 stock options outstanding and approximately 36 thousand shares available for future issuance under the 2016 Stock Incentive Plan[50][62] - Total warrants outstanding as of June 30, 2024, were 1,702,888, with a weighted average exercise price of $3.43[59][62] 9. Net Loss Per Share Attributable to Common Shareholders | Metric | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2023 | Nine Months Ended June 30, 2024 | Nine Months Ended June 30, 2023 | | :------------------------------------ | :------------------------------- | :------------------------------- | :------------------------------ | :------------------------------ | | Basic net loss per share | $(0.03) | $(0.07) | $(0.15) | $(0.13) | | Diluted net loss per share | $(0.03) | $(0.07) | $(0.15) | $(0.13) | | Weighted-average shares outstanding (basic) | 10,417,609 | 10,417,609 | 10,417,609 | 10,417,609 | | Weighted-average shares outstanding (diluted) | 10,430,763 | 10,417,609 | 10,430,763 | 10,424,187 | - Basic and diluted net loss per share improved to $(0.03) for the three months ended June 30, 2024, from $(0.07) in the prior year, but worsened to $(0.15) for the nine months from $(0.13)[64] - Potential common stock equivalents, including 2,110,228 stock options and 1,689,734 warrants, were excluded from diluted EPS computation for the nine months ended June 30, 2024, due to their anti-dilutive effect[65] 10. Revenues and Other Related Items | Revenue by Geography (in thousands) | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2023 | Nine Months Ended June 30, 2024 | Nine Months Ended June 30, 2023 | | :------------------------------------ | :------------------------------- | :------------------------------- | :------------------------------ | :------------------------------ | | United States | $3,236 | $3,183 | $9,532 | $9,809 | | International | 701 | 727 | 1,964 | 2,278 | | Total | $3,936 | $3,910 | $11,495 | $12,087 | | Revenue by Type (in thousands) | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2023 | Nine Months Ended June 30, 2024 | Nine Months Ended June 30, 2023 | | :------------------------------------ | :------------------------------- | :------------------------------- | :------------------------------ | :------------------------------ | | Subscription | $2,666 | $2,788 | $8,024 | $8,489 | | Maintenance | 105 | 131 | 339 | 413 | | Hosting | 242 | 249 | 746 | 768 | | Digital engagement services | 923 | 742 | 2,386 | 2,417 | | Total | $3,936 | $3,910 | $11,495 | $12,087 | - Deferred revenue (current portion) increased from $2,084 thousand at October 1, 2023, to $2,167 thousand at June 30, 2024[70] 11. Income Taxes | Provision for Income Taxes (in thousands) | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2023 | Nine Months Ended June 30, 2024 | Nine Months Ended June 30, 2023 | | :------------------------------------ | :------------------------------- | :------------------------------- | :------------------------------ | :------------------------------ | | Provision for income taxes | $5 | $9 | $15 | $25 | - The company recognized a provision for income taxes of $5 thousand for the three months and $15 thousand for the nine months ended June 30, 2024, primarily for state income taxes[71] - Net operating loss carryforwards are estimated to be sufficient to offset potential taxable income, and a valuation allowance is maintained against net deferred tax assets[71][109] 12. Leases | Lease Cost (in thousands) | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2023 | Nine Months Ended June 30, 2024 | Nine Months Ended June 30, 2023 | | :------------------------------------ | :------------------------------- | :------------------------------- | :------------------------------ | :------------------------------ | | Operating lease cost | $50 | $65 | $169 | $195 | | Variable lease cost | 16 | 36 | 66 | 108 | | Less: Sublease income, net | (18) | (39) | (106) | (117) | | Total | $48 | $62 | $129 | $186 | - Total net lease costs decreased to $48 thousand for the three months and $129 thousand for the nine months ended June 30, 2024, compared to prior periods[73] - As of June 30, 2024, the weighted average remaining lease term was 1.2 years with a weighted average discount rate of 7.0%[73] 13. Commitments and Contingencies - The company provides warranties for its technology solutions, but its estimated exposure to warranty claims is immaterial as of June 30, 2024[78][79] - Indemnification obligations to customers for intellectual property infringement or product liability have not resulted in significant claims or losses[80] - As of June 30, 2024, the company was not engaged in any material legal proceedings[80] 14. Related Party Transactions - Michael Taglich, a board member and Chairman/President of Taglich Brothers, Inc., has been involved in various related party transactions, including placement agent services, loans, and purchases of Series C Preferred Stock[81][82][83] - Taglich Brothers, Inc. received Placement Agent Warrants and Investors Warrants in connection with past private offerings and registered direct offerings[81][84] 15. Subsequent Events - The company evaluated subsequent events through the filing date and concluded there were no material subsequent events requiring adjustment or disclosure[85] Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations This section provides management's perspective on Bridgeline Digital's financial condition and results of operations for the three and nine months ended June 30, 2024, compared to the same periods in 2023, covering revenue, cost of revenue, operating expenses, net loss, and liquidity Overview - Bridgeline Digital is a marketing technology company offering cloud-based SaaS products like HawkSearch, Celebros Search, Woorank, Unbound, TruPresence, and OrchestraCMS[89][90] - The company's software is primarily offered through a SaaS model, with Unbound and HawkSearch also available via traditional perpetual licensing[89] - Bridgeline Digital was incorporated in Delaware on August 28, 2000, and maintains corporate and regional offices in the US, Canada, Belgium, and India[91] Customer Information - The company currently serves over 2,000 active customers[92] - No single customer accounted for more than 10% of total revenue for the three and nine months ended June 30, 2024 and 2023[92] Key Financial Highlights (in thousands) | Metric | 3 Months Ended June 30, 2024 | 3 Months Ended June 30, 2023 | Change (YoY) | % Change (YoY) | 9 Months Ended June 30, 2024 | 9 Months Ended June 30, 2023 | Change (YoY) | % Change (YoY) | | :------------------------------------ | :--------------------------- | :--------------------------- | :----------- | :------------- | :--------------------------- | :--------------------------- | :----------- | :------------- | | Total net revenue | $3,936 | $3,910 | $26 | 1% | $11,495 | $12,087 | $(592) | (5)% | | Gross profit | $2,706 | $2,643 | $63 | 2% | $7,782 | $8,279 | $(497) | (6)% | | Loss from operations | $(383) | $(665) | $282 | (42)% | $(1,537) | $(1,689) | $152 | (9)% | | Net loss | $(305) | $(781) | $476 | (61)% | $(1,529) | $(1,372) | $(157) | 11% | | Basic/Diluted EPS | $(0.03) | $(0.07) | $0.04 | (57)% | $(0.15) | $(0.13) | $(0.02) | 15% | - Net loss significantly improved for the three-month period, decreasing by 61% year-over-year, but worsened by 11% for the nine-month period[94][95][96] - Total net revenue saw a slight 1% increase for the three months but a 5% decrease for the nine months, primarily due to reduced subscriptions on legacy products[96][97] Results of Operations for the Three and Nine Months Ended June 30, 2024 compared to the Three and Nine Months Ended June 30, 2023 Revenue | Revenue Source (in thousands) | 3 Months Ended June 30, 2024 | 3 Months Ended June 30, 2023 | % Change (YoY) | 9 Months Ended June 30, 2024 | 9 Months Ended June 30, 2023 | % Change (YoY) | | :------------------------------------ | :--------------------------- | :--------------------------- | :------------- | :--------------------------- | :--------------------------- | :------------- | | Subscription and perpetual licenses | $3,013 | $3,168 | (5)% | $9,109 | $9,670 | (6)% | | Digital engagement services | $923 | $742 | 24% | $2,386 | $2,417 | (1)% | | Total net revenue | $3,936 | $3,910 | 1% | $11,495 | $12,087 | (5)% | - Subscription and perpetual licenses revenue decreased by 5% for the three months and 6% for the nine months, mainly due to reduced subscriptions on legacy products, partially offset by HawkSearch growth[97] - Digital engagement services revenue increased by 24% for the three months due to additional services volumes, while remaining consistent for the nine months[98][99] Cost of Revenue | Cost of Revenue (in thousands) | 3 Months Ended June 30, 2024 | 3 Months Ended June 30, 2023 | % Change (YoY) | 9 Months Ended June 30, 2024 | 9 Months Ended June 30, 2023 | % Change (YoY) | | :------------------------------------ | :--------------------------- | :--------------------------- | :------------- | :--------------------------- | :--------------------------- | :------------- | | Subscription and perpetual licenses | $846 | $848 | (0)% | $2,533 | $2,549 | (1)% | | Digital engagement services | $384 | $419 | (8)% | $1,180 | $1,259 | (6)% | | Total cost of revenue | $1,230 | $1,267 | (3)% | $3,713 | $3,808 | (2)% | - Total cost of revenue decreased by 3% for the three months and 2% for the nine months, primarily due to lower personnel costs in digital engagement services[100][102] - Cost of subscription and perpetual licenses remained consistent, while cost of digital engagement services decreased by 8% for the three months and 6% for the nine months[100][102] Gross Profit | Metric (in thousands) | 3 Months Ended June 30, 2024 | 3 Months Ended June 30, 2023 | % Change (YoY) | 9 Months Ended June 30, 2024 | 9 Months Ended June 30, 2023 | % Change (YoY) | | :------------------------------------ | :--------------------------- | :--------------------------- | :------------- | :--------------------------- | :--------------------------- | :------------- | | Gross profit | $2,706 | $2,643 | 2% | $7,782 | $8,279 | (6)% | | Gross profit margin | 69% | 68% | 1 pp | 68% | 68% | 0 pp | - Gross profit increased by 2% for the three months ended June 30, 2024, with a slight improvement in gross profit margin to 69%[102][103] - For the nine months, gross profit decreased by 6% to $7.8 million, while the gross profit margin remained consistent at 68%[103] Operating Expenses | Operating Expense (in thousands) | 3 Months Ended June 30, 2024 | 3 Months Ended June 30, 2023 | % Change (YoY) | 9 Months Ended June 30, 2024 | 9 Months Ended June 30, 2023 | % Change (YoY) | | :------------------------------------ | :--------------------------- | :--------------------------- | :------------- | :--------------------------- | :--------------------------- | :------------- | | Sales and marketing | $949 | $1,197 | (21)% | $2,803 | $3,792 | (26)% | | General and administrative | $878 | $779 | 13% | $2,425 | $2,367 | 2% | | Research and development | $1,008 | $936 | 8% | $3,138 | $2,609 | 20% | | Depreciation and amortization | $201 | $384 | (48)% | $885 | $1,143 | (23)% | | Restructuring and acquisition related expenses | $53 | $12 | 342% | $68 | $57 | 19% | | Total operating expenses | $3,089 | $3,308 | (7)% | $9,319 | $9,968 | (7)% | - Sales and marketing expenses decreased significantly by 21% for the three months and 26% for the nine months, driven by lower personnel costs and reduced marketing spend[103][104] - Research and development expenses increased by 8% for the three months and 20% for the nine months, primarily due to additional personnel costs[105] Loss from Operations | Metric (in thousands) | 3 Months Ended June 30, 2024 | 3 Months Ended June 30, 2023 | % Change (YoY) | 9 Months Ended June 30, 2024 | 9 Months Ended June 30, 2023 | % Change (YoY) | | :------------------------------------ | :--------------------------- | :--------------------------- | :------------- | :--------------------------- | :--------------------------- | :------------- | | Loss from operations | $(383) | $(665) | (42)% | $(1,537) | $(1,689) | (9)% | | Interest expense and other, net | $(5) | $0 | N/A | $(58) | $(19) | 205% | | Change in fair value of warrant liabilities | $88 | $(107) | (182)% | $81 | $361 | (78)% | | Provision for income taxes | $5 | $9 | (44)% | $15 | $25 | (40)% | - Loss from operations improved by 42% for the three months and 9% for the nine months ended June 30, 2024[108] - Interest expense and other, net, increased significantly for the nine-month period, primarily due to stock-based compensation from options issued to board members[108] - The company recognized a gain of $88 thousand from the change in fair value of warrant liabilities for the three months ended June 30, 2024, compared to a loss of $(107) thousand in the prior year[108] Adjusted EBITDA | Metric (in thousands) | 3 Months Ended June 30, 2024 | 3 Months Ended June 30, 2023 | 9 Months Ended June 30, 2024 | 9 Months Ended June 30, 2023 | | :------------------------------------ | :--------------------------- | :--------------------------- | :--------------------------- | :--------------------------- | | Net loss | $(305) | $(781) | $(1,529) | $(1,372) | | Adjusted EBITDA | $3 | $(163) | $(197) | $(192) | - Adjusted EBITDA improved to a positive $3 thousand for the three months ended June 30, 2024, from $(163) thousand in the prior year[116] - For the nine months, Adjusted EBITDA remained relatively stable at $(197) thousand compared to $(192) thousand in the prior year[116] Liquidity and Capital Resources - Cash used in operating activities was $(1.0) million for the nine months ended June 30, 2024, a significant change from $0.3 million provided in the prior year, primarily due to decreased net earnings and changes in working capital[113] - Cash used in financing activities decreased to $(0.2) million for the nine months ended June 30, 2024, from $(0.6) million in the prior year, mainly due to lower long-term debt payments[115] - The company continues to manage discretionary spending and believes future revenues and cash flows, supplemented by potential debt or equity offerings, will support working capital and growth[117][118] Critical Accounting Policies - Key critical accounting policies include revenue recognition, allowance for credit losses, accounting for goodwill and other intangible assets, business combinations, common stock purchase warrants, and stock-based compensation[124] - Revenue is recognized using a five-step model when control of services is transferred to customers, with estimates for variable consideration[125] - Stock-based compensation is recognized on a graded accelerated basis over the vesting period, with fair value estimated using the Black-Scholes-Merton option valuation model[132][134] Item 3. Qualitative and Quantitative Disclosures About Market Risk No qualitative and quantitative disclosures about market risk are required for Bridgeline Digital, Inc. in this quarterly report - No qualitative and quantitative disclosures about market risk are required for this reporting period[135] Item 4. Controls and Procedures This section details the evaluation of Bridgeline Digital's disclosure controls and procedures and internal control over financial reporting, concluding effectiveness as of June 30, 2024, with no material changes to internal control over financial reporting during the quarter - The Chief Executive Officer and Chief Financial Officer concluded that disclosure controls and procedures were effective as of June 30, 2024[136] - There were no material changes to internal control over financial reporting during the most recent fiscal quarter[137] - Management acknowledges that control systems provide reasonable, not absolute, assurance and are subject to inherent limitations[138] PART II—OTHER INFORMATION Item 1. Legal Proceedings This section confirms that Bridgeline Digital is not currently involved in any material legal proceedings beyond those previously disclosed in its Annual Report on Form 10-K - The company is not currently involved in any material legal proceedings beyond those disclosed in its Annual Report on Form 10-K for the fiscal year ended September 30, 2023[140] Item 1A. Risk Factors This section states that there have been no material changes to the risk factors previously described in the company's Annual Report on Form 10-K - No material changes to the risk factors described in the Annual Report on Form 10-K for the fiscal year ended September 30, 2023[141] Item 2. Unregistered Sales of Equity Securities and Use of Proceeds This section reports that there were no unregistered sales of equity securities during the nine months ended June 30, 2024 - There were no sales of unregistered equity securities in the nine months ended June 30, 2024[141] Item 3. Defaults Upon Senior Securities This section indicates that there were no defaults upon senior securities during the reporting period - No defaults upon senior securities occurred during the reporting period[141] Item 4. Mine Safety Disclosures This section states that mine safety disclosures are not applicable to Bridgeline Digital, Inc - Mine safety disclosures are not applicable to the company[141] Item 5. Other Information This section reports that there is no other information to disclose for the reporting period - No other information is required to be disclosed[141] Item 6. Exhibits This section lists the exhibits filed with the Form 10-Q, including corporate governance documents, certifications, and XBRL data files - The exhibits include Amended and Restated Certificate of Incorporation, By-laws, Certificates of Designations for various Preferred Stock series, and certifications from the CEO and CFO[144] - Interactive Data Files (XBRL) are furnished as part of the exhibits[144] Signatures - The report is signed by Roger Kahn, President and Chief Executive Officer, and Thomas R. Windhausen, Chief Financial Officer, on August 14, 2024[146]