Revenue Performance - Total revenue for the first quarter of fiscal 2025 was $3.8 million, unchanged from the same period in 2024[15] - Subscription and licenses revenue was $3.0 million, down 1% year-over-year, accounting for 80% of total revenue[15] - Services revenue increased by 11% to $0.7 million, representing 20% of total revenue[15] - Total net revenue for the three months ended December 31, 2024, was $3,791 million, a 1.0% increase from $3,755 million in the same period of 2023[26] - Gross profit for the same period was $2,535 million, slightly down from $2,552 million year-over-year[26] Operating Expenses and Profitability - Operating expenses decreased to $3.0 million from $3.2 million year-over-year[15] - Total operating expenses decreased to $3,046 million from $3,187 million, representing a 4.4% reduction[26] - The company reported a net loss of $0.6 million, consistent with the same period in 2023[15] - The net loss for the quarter was $634 million, compared to a net loss of $622 million in the prior year[26] - Adjusted EBITDA for the three months ended December 31, 2024, was $(193) million, worsening from $(117) million in the same period of 2023[32] Financial Position - Cash and cash equivalents increased to $1,483 million from $1,390 million quarter-over-quarter[28] - Total current assets rose to $3,127 million, up from $2,947 million in the previous quarter[28] - Total liabilities increased to $5,995 million from $5,596 million, reflecting a 7.1% rise[29] - The accumulated deficit grew to $(92,172) million from $(91,538) million, indicating a continued loss trend[30] - The number of weighted average shares outstanding remained constant at 10,417,609 for both basic and diluted shares[26] Business Development and Strategy - Net Revenue Retention (NRR) for core products was 107% for the quarter[7] - Bridgeline signed 28 new subscription contracts totaling $2.7 million, adding over $800,000 in Annual Recurring Revenue[7] - Bridgeline plans to deepen its presence in B2B industries through targeted partnerships and events in 2025[7] - HawkSearch will expand its product line with Agentic-AI innovations aimed at increasing online revenue for customers[7] Gross Margin - Gross margin for the quarter was 67%, slightly down from 68% in the prior year[15]
Bridgeline Digital(BLIN) - 2025 Q1 - Quarterly Results