Bridgeline Digital Inc (NASDAQ:BLIN) has reported its financial results for the second quarter of fiscal 2023 and updated investors on its recent product, partner, and customer achievements.
For the quarter ended March 31, 2023, the company posted revenue of $4.1 million, compared to $4.1 million in the year-ago quarter.
Gross profit was $2.83 million, up 2% from $2.78 million in the second quarter of fiscal 2022.
More than 200 of the company’s existing customers, representing more than 90% of customers and recurring revenue, were contracted for renewal during the quarter, Bridgeline said.
Operational highlights included entering into a strategic partnership with web accessibility leader accessiBe and the “Bronco” release for its Hawksearch product.
“Bridgeline’s Bronco release places HawkSearch miles ahead of the competition and will not only drive new sales for Bridgeline but also allow us to grow revenue within our own customer base,” said Bridgeline CEO Ari Kahn.
“Bronco accelerates our customer’s revenue with Rapid UI Framework’s faster implementation time and Industry Accelerator’s industry-specific artificial intelligence.”
Contact the author at emily.jarvie@proactiveinvestors.com
Follow her on Twitter @emilyjjarvie