Bridgeline announces financial results for the second quarter of fiscal year 2021

Subscription and license revenue up 8% Acquisition of Woorank and HawkSearch to accelerate growth

WOBURN, Mass. , May 17, 2021 (GLOBE NEWSWIRE) – Bridgeline Digital, Inc. (NASDAQ: BLIN), a cloud-based marketing generation software provider, announced monetary effects for the fiscal quarter ending March 31, 2021.

“Bridgeline is located for strong profit expansion and has already completed two acquisitions this year,” said Ari Kahn, President and CEO of Bridgeline.

“In March, we acquired Woorank to drive our eCommerce360 strategy with a difficult traffic app to help our consumers look for engine optimization ratings and meet our needs,” Kahn continued. “In addition to Woorank, we announced this month the acquisition of HawkSearch. HawkSearch builds on our dynamics in the on-site search market to drive complex features that help HawkSearch and Celebros consumers increase their online revenue with increased conversion, traffic, and average order value. »

Second Quarter Summary:

Total revenue, including licensing and revenue, was $2. 9 million for the 3 months ended March 31, 2021, compared to $2. 7 million for the same era in 2020. License revenue increased by 8% and decreased by 2%.

Subscription and licensing revenue, which comes with SaaS licenses, maintenance and revenue, and perpetual license revenue, increased by 8% to $2 million during the 3 months ended March 31, 2021, compared to $1. 8 million for the same era in 2020. a percentage of the accumulation of total revenue, subscriptions and licenses increased from 2% to 69% of total revenue for the 3 months ended March 31, 2021, compared to 67% for the same era in 2020. one-year license renewals in our diversified Fortune 500 portfolio and the inclusion of a month of Woorank revenue.

Service earnings decreased by 2% or $14,000 to $885,000 during the 3 months ended March 31, 2021, compared to $899,000 for the same era in 2020. As a percentage of overall earnings, earnings accounted for 31% of overall earnings for the 3 months ended March On December 31, 2021 , compared to 33% for the same era in Bridgeline’s general 2020. La strategy, called eCommerce 360, is to generate recurring subscription profits with ready-to-use programs that require little or no implementation. Expansion is expected to further increase our Subscription and License Earnings Index for Array.

Gross profit greater than 16% or $254,000 to $1. 8 million for the 3 months ended March 31, 2021, compared to $1. 6 million for the same era in 2020 Product cost minimized by 10% or $118,000 to $1. 1 million for the 3 months ended March 31, 2021 compared to $1. 2 million for the same era in 2020. This minimization is due to a relief in our constant operating prices of our style of cloud-based accommodation and variable internal pricing. Gross margin greater than 63% for the 3 months ended March 31, 2021, compared to 57% for it was in 2020. The gross margin for subscriptions and licenses was 70% for the 3 months ended March 31, 2021 compared to 60% for it was in 2020. facilities were 46% for the 3 months ended March 31, 2021 compared to 49% for the same era in 2020.

Operating expenses decreased by 24% or $616,000 to $1. 9 million for the 3 months ended March 31, 2021, compared to $2. 6 million for the same era in 2020. Quarterly totals as of March 31, 2021 come with a month of Woorank prices offset through a relief on our constant prices for our cloud-based accommodation style to work with Amazon Web Services and variable internal prices.

Operating loss for the 3 months ended March 31, 2021 $127,000 compared to $1 million for the same era in 2020.

Net loss for non-unusual percentage holders for the 3 months ended March 31, 2021 $556,000, compared to the net source of income for non-unusual percentage holders of $795,000 for the same era in 2020. Collateral liabilities, which take into account the general fluctuation in our final market percentage value as of March 31, 2021 of $2,89 over the final market location percentage value of $2. 58 in the last quarter, resulted in a loss of $418,000 in non-monetary derivatives. attributable to the replacement in the fair cost of liabilities similar to warrants. For the 3 months ended March 31, 2020, net gain attributable to adjustments in the fair cost of liabilities derived from secure guarantees $1. 8 million, respectively.

Summary of year to date:

Total revenue, including licensing and revenue, remained constant at $5. 7 million for the six months ended March 31, 2021, compared to $5. 6 million for the same era in 2020. License revenue increased by 12% and decreased by 14%.

Subscription and licensing revenue, which comes with SaaS licenses, maintenance and revenue, and perpetual license revenue, increased by 12% to $4 million during the six months ending March 31, 2021, compared to $3. 6 million for the same era in 2020. a percentage of total revenue, subscription and licensing revenue increased from 6% to 70% of total sales for the six months ended March 31, 2021, compared to 64% for the same era in 2020. multi-year license renewals in Fortune 500 portfolios and the inclusion of a month of Woorank revenue.

Service earnings decreased by 14% or $273,000 to $1. 7 million for the six months ending March 31, 2021, compared to $2 million for the same era in 2020. As a percentage of overall earnings, earnings accounted for 30% of overall earnings for the six months ended March 31, 2021 , compared to 36% for the same era in Bridgeline’s overall 2020. La strategy, called eCommerce 360, is to generate recurring subscription profits with ready-to-use programs that require little or no implementation. Concentration and continuous expansion are expected to further increase our subscription and license profit index for Array.

Gross profit higher than 22% or $660,000 to $3. 7 million for the six months ended March 31, 2021, compared to $3 million for the same era in 2020 Product cost minimized by 20% or $520,000 to $2 million for the six months ended March 31, 2021 compared to $2. 5 million for the same era in 2020. This minimization is due to a relief in our constant operating prices of our style of cloud-based accommodation and variable internal pricing. Gross margin greater than 65% for the six months ended March 31, 2021, compared to 54% for it was in 2020. The gross margin for subscriptions and licenses was 71% for the six months ending March 31, 2021 compared to 58% for it was in 2020. facilities were 51% for the six months ended March 31, 2021 compared to 49% for the same era in 2020.

Operating expenses decreased by 27% or $1. 4 million to $3. 6 million for the six months ending March 31, 2021, compared to $5 million for the same era in 2020. Totals of six months through March 31, 2021 come with a month of Woorank prices are offset by a relief in our constant operating prices of our cloud-based accommodation style with Amazon Web Services and variable internal pricing.

Operational source of revenue for the six months ended March 31, 2021 $52,000 compared to an operating loss of $2 million for the same era in 2020.

Net loss for holders of non-unusual percentages for the six months ended March 31, 2021 $1. 7 million, compared to $1. 5 million for the same era in 2020. For the six months ended March 31, 2021, independent revaluation of collateral liabilities reflects the overall fluctuation in our final market percentage as of March 31, resulting in a cumulative loss of $1. 9 million in non-monetary derivatives attributable to the replacement in the fair price of collateral liabilities offset through the $88,000 revenue source government subsidy similar to the PPP loan March 31, 2020 , net profit attributable to the replacement in the fair price of liabilities derived from secure guarantees $2. 9 million offset by the estimated dividend on replacement in Series A convertible preference percentages of $2. 4 million, respectively.

Financial results

Second quarter

Total profit, which includes license and service earnings, was $ 2. 9 million for the quarter ended March 31, 2021, compared to $ 2. 7 million for the same era in 2020. License earnings increased 8% and decreased by 2%. Subscription and licensing earnings, which include SaaS licenses, hosting and maintenance earnings, and perpetual license earnings, increased 8% to $ 2 million for the quarter ended March 31, 2021, from $ 1. 8 million for the same era in 2020. General benefit percentage, licensing benefit increase from 2% to 69% of total benefit for the quarter ended March 31, 2021, compared to 67% for the same era in 2020. This increase It is attributable to a significant multi-year license renewals in our diverse portfolio of Fortune 500 corporations and the inclusion of a month of earnings from Woorank. Service earnings decreased by 2% or $ 14,000 to $ 885,000 for the quarter ended March 31, 2021, compared to $ 899,000 for the same era in 2020. As a percentage of overall profit, service earnings accounted for 31% of total profit for the quarter ended March 31, 2021, compared to 33% for the same era in 2020.

Gross profit greater than 16% or $254,000 to $1. 8 million for the 3 months ended March 31, 2021, compared to $1. 6 million for the same era in 2020 Product cost minimized by 10% or $118,000 to $1. 1 million for the 3 months ended March 31, 2021 compared to $1. 2 million for the same era in 2020. This minimization is due to a relief in our constant operating prices of our style of cloud-based accommodation and variable internal pricing. Gross margin greater than 63% for the 3 months ended March 31, 2021, compared to 57% for it was in 2020. The gross margin for subscriptions and licenses was 70% for the 3 months ended March 31, 2021 compared to 60% for it was in 2020. The facility margin was 46% for the quarter ended March 31, 2021 compared to 49% for the same era in 2020.

Operating expenses decreased by 24% or $616,000 to $1. 9 million for the 3 months ended March 31, 2021, compared to $2. 6 million for the same era in 2020. Quarterly totals as of March 31, 2021 come with a month of Woorank prices offset a relief on our constant prices for our cloud-based accommodation style to work with Amazon Web Services and variable internal prices respectively.

Operating loss for the 3 months ended March 31, 2021 $127,000 compared to $1 million for the same era in 2020.

Adjusted EBITDA gain for the 3 months ended March 31, 2021 $235,000 or $0. 05 consistent with the diluted consistent percentage, compared to a loss of $331,000 or $0. 08 consistent with the diluted consistent percentage for the same period consistent with 2020.

The year to date

Total earnings, which include license and service earnings, remained constant at $ 5. 7 million for the six-month era ended March 31, 2021, compared to $ 5. 6 million for the same era in 2020. %. Subscription and license earnings, which include SaaS licenses, maintenance and hosting earnings, and perpetual license earnings, increased 12% to $ four million for the six-month era ending March 31, 2021, from $ 3. 6 million for the same era in 2020. . As a percentage of total profit, subscription and license profit increased from 6% to 70% of overall profit for the six-month era ended March 31, 2021, compared to 6 and 4% for the same era in 2020 This backlog is attributable to significant multi-year license renewals in the portfolio of Fortune 500 corporations and the inclusion of a month of earnings from Woorank. Service profit decreased by a quarter% or $ 273,000 to $ 1. 7 million for the six-month era ending March 31, 2021, compared to $ 2 million for the same era in 2020. As a percentage of overall profit , the utility of the matrix service represented 30% of the total. earnings for the six months ended March 31, 2021, compared to 36% for the same era in 2020.

Operating expenses decreased 27% or $ 1. 4 million to $ 3. 6 million for the six months ended March 31, 2021, compared to $ 5 million for the same era in 2020. Totals for six months through March 31 March 2021 comes with a month of Woorank prices are offset by a relief in our constant operating prices of our cloud-based hosting style with Amazon Web Services and variable internal prices, respectively.

Operational source of revenue for the six months ended March 31, 2021 $52,000 compared to an operating loss of $2 million for the same era in 2020.

The net loss applicable to non-unusual percentage holders for the six-month era ended March 31, 2021 is $1. 7 million, compared to $1. 5 million for the same era in 2020. For the six-month era ending March 31, 2021, the Independent Revaluation of Warrants Liabilities takes into account the general fluctuation in the final value of our market percentage as of March 31, resulted in a cumulative loss of $1. 9 million in non-monetary derivatives attributable to the replacement in the fair cost of the warrants liabilities compensated. through a government grant, a source of revenue of $88,000 similar to the delivery of the PPP loan. For the six-month era ending March 31, 2020, net profit attributable to the replacement in the fair cost of liabilities derived from guaranteed collateral of $2. 9 million was made up for by the estimated dividend on replacement in Convertible Series A preferred percentages of $2. 4 million, respectively.

Adjusted EBITDA gain for the six months ended March 31, 2021 $908,000 or $0. 18 consistent with diluted consistent percentage, compared to a loss of $999,000 or $0. 33 consistent with diluted consistent percentage for the same period consistent with the year 2020.

conference:

Bridgeline Digital, Inc. will hold a convention today, May 17, 2021 at 4:30 p. m. , EAST Time, to discuss those results. The company’s president and CEO, Ari Kahn, and CFO Mark G. Downey, they’ll direct the call, followed by a consultation and response period.

The details of the convention and repetition are:

What:

Request Bridgeline Digital Quarter 2021 Results

when:

Monday, May 17, 2021

hour:

4:30 p. m. et

Live Call:

(877) 837-3910, National

(973) 796-5077, international

repetition:

(855) 859-2056

(404) 537-3406

Conference ID:

8795831

Call the convention phone number five to 10 minutes before the start time. An operator will record your call and organization.

Non-GAAP financial measures

This press release contains the following non-GAAP monetary measures: adjusted non-GAAP net income, non-GAAP adjusted gains/losses consistent with diluted stock, adjusted EBITDA, and adjusted EBITDA consistent with diluted action.

Non-GAAP adjusted net gains/losses and non-GAAP adjusted gains/losses consistent with the consistent diluted percentage are calculated as net income/loss or net gains/losses consistent with the consistent percentage on a diluted basis, excluding, if applicable, amortization of intangible assets, non-monetary share-based compensation, impairment charges, restructuring and acquisition costs, consisting of percentage dividends and any similar tax effects.

Adjusted EBITDA and adjusted EBITDA consistent with consistent diluted percentage are explained as earnings before interest, taxes, depreciation and amortization, non-monetary equity repayment expenses, impairment charges, restructuring and acquisition costs, fair price adjustments for derivative liabilities and warrants, expenses, amortization of debt discounts, which are consistent with percentage dividends, and any similar tax effects Bridgeline uses a source of adjusted net income not GAAP and EBITDA adjusted as additional measures of our functionality that are not required or submitted in accordance with U. S. accounting principles (“GAAP”).

Bridgeline’s control does not see these non-GSA measures in isolation or as an option for monetary measures that were decided in accordance with the GSACs. The main limitation of these non-GSA monetary measures is that they exclude the significant expenditures and revenues that GSACs require. In addition, they are subject to inherent limitations because they reflect the control judgments of expenditure and income excluded or included in the determination of such non-GSA monetary measures. it is offering non-GAAP monetary measures similar to GAAP Bridgeline results urges investors to review the reconciliation of their non-GAAP monetary measures with comparable GAAP monetary measures, which are included in this press release, and not rely on an unwred monetary measure to assess Bridgeline’s monetary performance.

Our definitions of non-GAAP adjusted net income/loss source and adjusted EBITDA would possibly differ and therefore would not be comparable to the title measures used through other companies, restricting their usefulness as comparative measures. source of income and EBITDA adjusted as an analytical tool, investors deserve not to take them into consideration in isolation or as a replacement for research into our GAAP operating results.

Safe Harbor Declaration for Forward-Looking Statements under the Private Securities Litigation Reform Act 1995

All statements included in this press release, other than statements or characterizations of past fact, are forward-looking statements. These “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 are based on our existing expectations, estimates and projections about our industry, the controlling trusts and the safe assumptions we make, all of which are subject exchange. Forward-looking statements can be known through words such as “anticipates”, “expects”, “intends”, “plans”, “predicts”, “believes”, “seeks”, “estimates”, “possibly”, “” should “,” could “,” may also “,” forward-looking “,” continue “,” in progress “, similar expressions and diversifications or denials of those words. These statements appear in various versions of this release, press releases and come with Statements relating to the existing intention, reliance or expectations of Bridgeline Digital, Inc. These forward-looking statements are not promises of long-term effect and are subject to dangers, uncertainties and assumptions, adding, but not limited to, they have an effect on the COVID-19 pandemic and similar measures of public competence that could potentially affect our monetary effects; the business operations and activities of our customers, suppliers and partners; our ability to retain and improve customers existing companies, expanding our recurring earnings, our ability to attract new customers, our rate of profit expansion; our history of net losses and our ability to achieve or maintain the loss of earnings; our liskill for any unauthorized access to our knowledge or to the content of our users, adding through violations of privacy and security of knowledge; any direct calls to our platform or products; adjustments in the interoperskill of our platform between devices, operating formulas and third-party programs that we do not control; festival in our market places; our ability to respond to immediate technological adjustments, expand our platform, expand new features or products, or gain market acceptance for new features or products, especially in the event of potential disruptions in the productivity of our workers as a result of remote work ; our ability to manage our expansion or plan for our long-term expansion, and our acquisition of other businesses and the possibility that such acquisitions require significant control attention, disrupt our business, or dilute shareholder value; the volatility of the market place value of our non-unusual stocks, the ability to maintain our board of directors in the NASDAQ capital markets, or our ability to maintain an effective formula of internal controls, as well as other dangers described in our filings with the Commission. Any such hazard may also cause our actual effects to differ materially and adversely from those expressed in any forward-looking statement. Bridgeline Digital, Inc. assumes no legal responsibility to update and does not intend to update such forward-looking statements after the date of this release, unless required by applicable law.

About Bridgeline Digital

Bridgeline is helping businesses increase their online revenue by expanding their traffic, conversion rate and average order price through its Unbound platform and suite of applications. For more information, visit www. bridgeline. com or call (800) 603-9936.

contact:

Contact de los angeles société Bridgeline Digital, Inc. Mark G. Downey Chief Financial Officer (631) 203-6820mdowney@bridgeline. com

BRIDGELINE DIGITAL, INC.

RECONCILIATION OF GAAP RESULTS WITH NON-GAAP RESULTS

(thousands, consistent with consistent percentage data)

Three months ended

Six months completed

March 31

2021

2020

2021

2020

Reconciliation of the net source of income / (loss) GAAP and the adjusted net source of income / (losses) not GAAP:

GAAP net loss for regular shareholders

(556

)

795

(1 718

)

(1 461

)

Amortization of intangible assets

222

233

441

470

Share-based compensation

Restructuring and acquisition costs

367

294

372

Dividends on convertible shares

–

2 420

Adjusted income / (losses) non-GAAP

(211

)

1 472

(893

)

1 881

Reconciliation of the net source of GAAP income/loss consistent with the consistent diluted percentage and the adjusted non-GAAP net source of income / (loss) consistent with the consistent diluted percentage:

Net source of income / (losses) GAAP

(0,11

)

0,18

(0,36

)

(0,48

)

Amortization of intangible assets

0,04

0,05

0,09

0,16

Share-based compensation

0,01

0,02

0,03

Restructuring and acquisition costs

0,02

0,08

0,06

0,12

Dividends on convertible shares

–

0,01

–

0,80

Adjusted non-GAAP gains/losses consistent with diluted action

(0,04

)

0,33

(0,19

)

0,62

Reconciliation of GAAP gains/losses and adjusted EBITDA:

Net source of income / (losses) GAAP

(556

)

822

(1 718

)

959

Provision for source of income tax

–

Interest and expense, net

)

Grant income

–

(88

)

–

Change at the warrants fair

418

(1 820

)

1 859

(2 921

)

Amortization of intangible assets

222

233

441

470

depreciation

Restructuring and acquisition costs

367

294

372

Another depreciation

Share-based compensation

Adjusted EBITDA

235

(331

)

908

(999

)

GAAP gain/loss reconciliation consistent with diluted percentage consistent with adjusted EBITDA consistent with diluted consistent percentage:

Net source of income / (losses) GAAP

(0,11

)

0,19

(0,36

)

0,32

Provision for source of income tax

0,00

–

0,00

Interest and expense, net

0,00

(0,00

)

0,00

Grant income

–

(0,02

)

–

Change at the warrants fair

0,08

(0,41

)

0,39

(0,96

)

Amortization of intangible assets

0,04

0,05

0,09

0,16

depreciation

0,00

0,01

Restructuring and acquisition costs

0,02

0,08

0,06

0,12

Another depreciation

0,00

Share-based compensation

0,01

0,02

0,03

Adjusted EBITDA consistent with diluted action

0,05

(0,08

)

0,19

(0,33

)

BRIDGELINE DIGITAL, INC.

CONSOLIDATED BALANCE SHEET

(thousands, consistent with percentage and consistent with percentage data)

(Unaudited)

TRUMPS

March 31

September 30

2021

2020

Current assets:

Cash and money equivalents

3 497

861

Accounts receivable, net

717

665

Prepaid rates

394

268

Other assets

537

111

Total assets

5 145

1 905

Property and equipment, net

240

238

Individual assets

584

294

Intangible assets, net

3 856

2 617

goodwill

8 018

5 557

Other assets

Total assets

17 929

10 660

COMMITMENTS AND EQUITY

Current liabilities:

Long-term debt slice

25½

–

Current percentage of single lease debt

191

Accounts payable

1 236

1 311

Accumulated debts

30µ

599

Purchase value and conditional care payable

2 006

–

Responsibility for the payment check coverage program

–

Deferred income

1 666

1 511

Total responsibility

6 459

3 605

Long-term debt, existing share

1 461

–

Simple rental debts, from existing shares

393

198

Responsibility for warranties

4 205

2 486

Other long-term liabilities

Total responsibilities

12 540

6 304

Commitments and events

capital:

Preferred shares – nominal price of $0. 001; one million authorized stocks;

C Series Convertible Shares:

11,000 authorized stocks; 350 shares issued and notable as of March 31, 2021 and September 30, 2020

–

Preferred A-Series Convertible Shares:

264,000 authorized stocks; March 31, 2021 and September 30, 2020

–

Common stocks – face of $0. 001; 50,000,000 authorized stocks;

5391548 in stock as of March 31, 2021 and Stock 4420170 as of September 30, 2020, issued and in circulation

Issuance premium

81 125

78 316

Accumulated deficit

(75 301

)

(73 583

)

Total accumulated losses

(440

)

(381

)

Total equity capital

5 389

4 356

Total liabilities and equity

17 929

10 660

BRIDGELINE DIGITAL, INC.

CONSOLIDATED EARNINGS STATEMENTS

(thousands, consistent with percentage and consistent with percentage data)

(Unaudited)

Three months ended

Six months completed

March 31,

2021

2020

2021

2020

Net Lngresos:

Digital participation services

885

899

1 722

1995

Subscription and perpetual licenses

1989

1 839

3 988

3 575

Total revenue

2 874

2 738

5 710

5 570

Cost of income:

Digital participation services

474

457

848

1026

Subscription and perpetual licenses

592

727

1 175

1 517

Total revenue

1 066

1 184

2 023

2 543

Gross profit

1 808

1 554

3 687

3 027

Operating expenses:

Sales and marketing

12°

786

969

1818

General and administrative

608

723

1 073

1 472

Research and development

479

426

828

816

Depreciation and amortization

240

249

471

507

Restructuring and acquisition

367

294

372

Total expenses

1935

2 551

3 635

4 985

Operational source of income (loss)

(127

)

(997

)

(1 958

)

Interest and expense, net

)

Grant income

–

Change in warrants fair liabilities

(418

)

1 820

(1. 859

)

2 921

Income (loss) before source of income tax

(549

)

822

(1 717

)

962

Provision for income source taxes

–

Net source of income (loss)

(556

)

822

(1 718

)

959

Dividends on convertible shares

–

(27

)

–

(106

)

Reputable dividend by converting The Serie A convertible

Favourite action

–

(2 314

)

Net source of income (losses) for regular shareholders

(556

)

795

(1 718

)

(1 461

)

Net profit/loss consistent with consistent percentage attributable to non-unusual consistent with percentage holders:

Basic net source of income / (losses) consistent with the share

(0,11

)

0,25

(0,36

)

(0,49

)

Diluted net source of income / (losses) consistent with the share

(0,11

)

0,17

(0,36

)

(0,50

)

Number of shares weighted in circulation:

basic

4 999 938

3 124 174

4 706 869

2 960 435

diluted

4 999 938

4 412 935

4 706 869

3 027 147

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