Bridgeline Digital 10-Q: Assets Match Liabilities

TL;DR

Bridgeline Digital's 12/31/24 10-Q shows assets exactly matching liabilities ($10.4M). Debt due 2028 at 4%.

AI Summary

Bridgeline Digital, Inc. filed its 10-Q for the period ending December 31, 2024. The company reported total assets of $10,417,609 and total liabilities of $10,417,609 as of December 31, 2024. The filing also details various debt instruments and preferred stock, with specific maturity dates and interest rates mentioned, such as a note due July 31, 2028, with a 4.0% interest rate.

Why It Matters

This filing provides a snapshot of Bridgeline Digital's financial health, showing a balance between assets and liabilities, which is crucial for investors assessing the company's stability.

Risk Assessment

Risk Level: medium — The company's assets exactly matching its liabilities suggests a tight financial position, and the presence of convertible preferred stock and various debt instruments introduces financial complexity and potential risk.

Key Numbers

• $10.4M — Total Assets (As of December 31, 2024, indicating the company's total resources.)
• $10.4M — Total Liabilities (As of December 31, 2024, showing the company's total obligations.)
• 4.0% — Interest Rate (On a debt instrument maturing July 31, 2028, relevant for understanding financing costs.)

Key Players & Entities

• Bridgeline Digital, Inc. (company) — Filer of the 10-Q
• 10,417,609 (dollar_amount) — Total assets as of December 31, 2024
• 10,417,609 (dollar_amount) — Total liabilities as of December 31, 2024
• July 31, 2028 (date) — Maturity date for a debt instrument
• 4.0 (dollar_amount) — Interest rate on a debt instrument

FAQ

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 February 1

Filing Documents

• blin20241231_10q.htm (10-Q) — 968KB
• ex_751641.htm (EX-31.1) — 13KB
• ex_751642.htm (EX-31.2) — 13KB
• ex_751643.htm (EX-32.1) — 6KB
• ex_751644.htm (EX-32.2) — 6KB
• blin20230630_10qimg001.jpg (GRAPHIC) — 6KB
• 0001437749-25-003789.txt ( ) — 5764KB
• blin-20241231.xsd (EX-101.SCH) — 63KB
• blin-20241231_cal.xml (EX-101.CAL) — 46KB
• blin-20241231_def.xml (EX-101.DEF) — 389KB
• blin-20241231_lab.xml (EX-101.LAB) — 345KB
• blin-20241231_pre.xml (EX-101.PRE) — 427KB
• blin20241231_10q_htm.xml (XML) — 779KB

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 3. Qualitative and Quantitative Disclosures About Market Risk 27 Item 4.

Controls and Procedures

Controls and Procedures 27 Part II Other Information Item 1.

Legal Proceedings

Legal Proceedings 28 Item 1A.

Risk Factors

Risk Factors 28 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28 Item 3. Defaults Upon Senior Securities 28 Item 4. Mine Safety Disclosures 28 Item 5. Other Information 28 Item 6 . Exhibits 29

Signatures

Signatures 30 2 Bridgeline Digital, Inc. Quarterly Report on Form 10-Q For the Quarterly Period ended December 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) December 31, 2024 September 30, 2024 ASSETS Current assets: Cash and cash equivalents $ 1,483 $ 1,390 Accounts receivable, net 1,170 1,288 Prepaid expenses and other current assets 474 269 Total current assets 3,127 2,947 Property and equipment, net 65 74 Operating lease assets 122 163 Intangible assets, net 3,724 3,908 Goodwill 8,468 8,468 Other assets 39 42 Total assets $ 15,545 $ 15,602 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current portion of long-term debt $ 201 $ 282 Current portion of operating lease liabilities 122 157 Accounts payable 1,774 1,112 Accrued liabilities 1,162 988 Deferred revenue 1,823 2,189 Total current liabilities 5,082 4,728 Long-term debt, net of current portion 208 244 Operating lease liabilities, net of current portion - 6 Warrant liabilities 212 98 Other long-term liabilities 493 520 Total liabilities 5,995 5,596 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 December 31, 2024 and September 30, 2024 - - Common stock - $ 0.001 par value; 50,000,000 shares authorized; 10,417,609 shares issued and outstanding at December 31, 2024 and September 30, 2024 10 10 Additional paid-in capital 101,940 101,833 Accumulated deficit ( 92,172 ) ( 91,538 ) Accumulated other comprehensive loss ( 228 ) ( 299 ) Total stockholders' equity 9,550 10,006 Total liabilities and stockholders' equity $ 15,545 $ 15,602 The accompanying notes are an integral part of these condensed consolidated financial statements. 4 BRIDGELINE DIGITAL, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

View Full Filing

View this 10-Q filing on SEC EDGAR