Bridgeline Digital (BLIN) Investor presentation summary

Business highlights

• Achieved $3.9M in Q2 revenue, with $3.1M from subscriptions and $0.8M from services, and 14% year-over-year growth.

• Record new logo sales with 9 new customers and $1.4M TCV, plus 10 upsells totaling $1.3M TCV.

• AI-driven search and merchandising platform is gaining rapid traction, with expanding AI roadmap unlocking new revenue streams.

• 106% net revenue retention in Q2, with 60% of sales from existing customers.

• Gartner ranked HawkSearch #1 for B2B for the second consecutive year.

Market and product position

• U.S. digital marketing software market projected to grow from $37B in 2025 to $152.6B by 2034 at a 17% CAGR.

• AI in MarTech automates tasks, enables real-time personalization, and powers predictive analytics.

• Over 5,000 enterprise sites powered, including HP.com and Do It Best, with more than 1 new site launched per week.

• Platform features include Smart Search, Generative AI, Conversational Search, and advanced analytics.

• Shopping Assistant and Analytics Assistant products differentiate with B2B entitlements and out-of-the-box industrial analytics.

Financial performance

• Q2 FY26 revenue was $3.9M, gross margin 64%, and adjusted EBITDA at $(43)K.

• Subscription revenue accounted for 80% of total revenue, with core subscription revenue at 64% of total.

• Operating expenses for Q2 FY26 were $2.95M, with a net loss of $(432)K.

• Cash and equivalents at $1.4M as of Q2 FY26, with total assets of $15.3M and total liabilities of $6.1M.

• Debt carries a 3.2% APR through 2028, with a total of 15.6M shares outstanding including options and warrants.