Bridgeline Digital, Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Bridgeline Digital, Inc. filed its quarterly report (10-Q) for the period ending March 31, 2024, detailing its financial performance and operational status.</b>

AI Summary

Bridgeline Digital, Inc. (BLIN) filed a Quarterly Report (10-Q) with the SEC on May 14, 2024. Bridgeline Digital reported financial results for the period ending March 31, 2024. The company's fiscal year ends on September 30th. The filing is a 10-Q, indicating a quarterly report. Bridgeline Digital, Inc. is incorporated in Delaware. The company's principal business address is in Woburn, MA.

Why It Matters

For investors and stakeholders tracking Bridgeline Digital, Inc., this filing contains several important signals. This 10-Q filing provides investors with an updated view of Bridgeline Digital's financial health and operational progress during the second quarter of fiscal year 2024. Understanding the details within this report is crucial for assessing the company's current market position, revenue streams, and any potential risks or opportunities.

Risk Assessment

Risk Level: medium — Bridgeline Digital, Inc. shows moderate risk based on this filing. The company's financial performance and future outlook are subject to market conditions and competitive pressures within the software and digital engagement services industry, as indicated by the nature of a 10-Q filing.

Analyst Insight

Review the detailed financial statements and risk factors in the 10-Q to assess Bridgeline Digital's revenue growth, profitability, and debt levels.

Key Numbers

• 2024-03-31 — Report Period End Date (10-Q filing)
• 2024-05-14 — Filing Date (10-Q filing)
• 0930 — Fiscal Year End (Company data)
• 7372 — Standard Industrial Classification (Company data)

Key Players & Entities

• Bridgeline Digital, Inc. (company) — Filer name
• 2024-03-31 (date) — Period of report
• 2024-05-14 (date) — Filing date
• Woburn, MA (location) — Business address
• Bridgeline Software, Inc. (company) — Former company name

FAQ

Industry Context

Bridgeline Digital operates in the software industry, specifically focusing on prepackaged software and digital engagement solutions.

Regulatory Implications

As a publicly traded company, Bridgeline Digital is subject to SEC regulations and reporting requirements, including the filing of quarterly 10-Q reports.

What Investors Should Do

1. Analyze the revenue breakdown by segment to understand growth drivers.
2. Examine the company's cash position and debt levels for financial stability assessment.
3. Review any disclosed risk factors to understand potential challenges.

Key Dates

• 2024-03-31: Quarter End — End of the reporting period for the 10-Q.
• 2024-05-14: Filing Date — Date the 10-Q was officially submitted to the SEC.

Year-Over-Year Comparison

This is a 10-Q filing, providing an update on the company's financial status for the quarter ending March 31, 2024, compared to previous periods.

Key Financial Figures

• $0.001 B — ich registered Common Stock, par value $0.001 BLIN The NASDAQ Capital Market Indicat
• $0.001 — ber of shares of common stock par value $0.001 per share, outstanding as of May 14, 20

Filing Documents

• blin20240226_10q.htm (10-Q) — 1350KB
• ex_631091.htm (EX-31.1) — 13KB
• ex_631092.htm (EX-31.2) — 13KB
• ex_631093.htm (EX-32.1) — 6KB
• ex_631094.htm (EX-32.2) — 6KB
• blin20230630_10qimg001.jpg (GRAPHIC) — 6KB
• 0001437749-24-016714.txt (&nbsp;) — 6811KB
• blin-20240331.xsd (EX-101.SCH) — 66KB
• blin-20240331_cal.xml (EX-101.CAL) — 47KB
• blin-20240331_def.xml (EX-101.DEF) — 404KB
• blin-20240331_lab.xml (EX-101.LAB) — 364KB
• blin-20240331_pre.xml (EX-101.PRE) — 443KB
• blin20240226_10q_htm.xml (XML) — 1080KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 3. Qualitative and Quantitative Disclosures About Market Risk 29 Item 4.

Controls and Procedures

Controls and Procedures 29 Part II Other Information Item 1.

Legal Proceedings

Legal Proceedings 30 Item 1A.

Risk Factors

Risk Factors 30 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 30 Item 3. Defaults Upon Senior Securities 30 Item 4. Mine Safety Disclosures 30 Item 5. Other Information 30 Item 6 . Exhibits 31

Signatures

Signatures 32 2 Bridgeline Digital, Inc. Quarterly Report on Form 10-Q For the Quarterly Period ended March 31, 2024

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

Condensed Consolidated Financial Statements

Item 1. Condensed Consolidated Financial Statements. BRIDGELINE DIGITAL, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share data) (Unaudited) March 31, 2024 September 30, 2023 ASSETS Current assets: Cash and cash equivalents $ 1,302 $ 2,377 Accounts receivable, net 1,462 1,004 Prepaid expenses and other current assets 388 278 Total current assets 3,152 3,659 Property and equipment, net 84 151 Operating lease assets 246 390 Intangible assets, net 4,278 4,890 Goodwill 8,468 8,468 Other assets 54 73 Total assets $ 16,282 $ 17,631 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current portion of long-term debt $ 273 $ 267 Current portion of operating lease liabilities 165 148 Accounts payable 1,204 1,255 Accrued liabilities 796 995 Deferred revenue 2,161 2,084 Total current liabilities 4,599 4,749 Long-term debt, net of current portion 339 435 Operating lease liabilities, net of current portion 81 241 Warrant liabilities 181 174 Other long-term liabilities 577 572 Total liabilities 5,777 6,171 Commitments and contingencies (Note 13) Stockholders' equity: Preferred stock - $ 0.001 par value; 1,000,000 shares authorized; Series C Convertible Preferred stock: 11,000 shares authorized; 350 shares issued and outstanding at March 31, 2024 and September 30, 2023 - - Common stock - $ 0.001 par value; 50,000,000 shares authorized; 10,417,609 shares issued and outstanding at March 31, 2024 and September 30, 2023 10 10 Additional paid-in capital 101,569 101,275 Accumulated deficit ( 90,801 ) ( 89,577 ) Accumulated other comprehensive loss ( 273 ) ( 248 ) Total stockholders' equity 10,505 11,460 Total liabilities and stockholders' equity $ 16,282 $ 17,631 The accompanying notes are an integral part of these condensed consolidated financial statements. 4 BRIDGELINE DIGITAL, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in

View Full Filing

View this 10-Q filing on SEC EDGAR