Bridgeline Digital(US:BLIN)2026-02-12 22:20Revenue Performance - Total net revenue for the three months ended December 31, 2025, was $3.9 million, a 3% increase from $3.8 million in the same period of 2024[118]. - Subscription revenue was $3.2 million for the three months ended December 31, 2025, representing 81% of total revenue, up from 80% in 2024[121]. - Core product revenue was $2.4 million for the three months ended December 31, 2025, representing 60% of total revenue, up from 54% in 2024[123]. Profitability and Loss - Gross profit for the three months ended December 31, 2025, was $2.6 million, with a gross profit margin of 66%, slightly down from 67% in 2024[129][130]. - The loss from operations improved to $(0.2) million for the three months ended December 31, 2025, compared to $(0.5) million in 2024, a 67% reduction[138]. - Adjusted EBITDA for the three months ended December 31, 2025, was $0.1 million, a significant improvement from $(0.2) million in the same period of 2024[142]. - Adjusted EBITDA for Q4 2025 was $122 thousand, compared to a loss of $193 thousand in Q4 2024[145]. - Net loss for Q4 2025 was $86 thousand, an improvement from a net loss of $634 thousand in Q4 2024[145]. Operating Expenses - Operating expenses decreased to $2.8 million for the three months ended December 31, 2025, from $3.0 million in 2024, a reduction of 9%[138]. - Research and development expenses decreased to $0.8 million for the three months ended December 31, 2025, from $1.1 million in 2024, a 26% decrease[134]. - The cost of subscription revenue as a percentage of subscription revenue increased to 31% for the three months ended December 31, 2025, compared to 29% in 2024[125]. Cash Flow and Financing - Cash used in operating activities was $(39) thousand for Q4 2025, a decrease from cash provided of $0.2 million in Q4 2024[146]. - Cash used in investing activities was $(17) thousand for Q4 2025, compared to $(5) thousand in Q4 2024[147]. - Cash used in financing activities was $(0.1) million for both Q4 2025 and Q4 2024, primarily for long-term debt payments[148]. - The company has approximately $47.7 million available for issuance under its Shelf Registration Statement as of December 31, 2025[150]. - The gross obligations for operating leases total $0.6 million, extending through fiscal 2031[152]. Strategic Focus - The company is maintaining tight control over discretionary spending for the 2026 fiscal year to support future revenue growth[149]. - The company has historically incurred operating losses and relies on cash from financing activities to fund operations and develop new products[149]. - There are no off-balance sheet arrangements or obligations with unconsolidated entities as of the reporting date[151]. Customer Base - Bridgeline Digital has over 2,000 active customers, with no single customer exceeding 10% of total revenue[117].