false 0001378590 0001378590 2022-04-05 2022-04-05
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of report (Date of earliest event reported): April 5, 2022
 
 
BRIDGELINE DIGITAL, INC.
  
 
(Exact Name of Registrant as
Specified in Its Charter)
  
     
 
Delaware
  
 
(State or Other Jurisdiction of
Incorporation)
  
 
001-33567
  
52-2263942
(Commission File Number)
  
(IRS Employer Identification No.)
 
100 Sylvan Road, Suite G700, Woburn, MA
  
01801
(Address of Principal Executive Offices)
  
(Zip Code)
 
 
(781) 376-5555
  
 
(Registrant’s Telephone Number,
Including Area Code)
  
     
     
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
 
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
 
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
 
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
BLIN
Nasdaq Stock Market, LLC
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
 
Item 8.01. Other Events.
 
On April 5, 2022, Bridgeline Digital, Inc. (the “Company”) issued a press release providing an update following the end of the Company’s second fiscal quarter ended March 31, 2022, including updates regarding license sales and other customer information. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1, and is incorporated herein by reference.
 
Item 9.01. Financial Statements and Exhibits.
 
(d) Exhibits
 
Exhibit No.
Exhibit Description
   
99.1
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
BRIDGELINE DIGITAL, INC.
  
 
(Registrant)
  
Date: April 7, 2022
      
       
 
By:
/s/ Thomas R. Windhausen
  
   
Thomas R. Windhausen
  
   
Chief Financial Officer
  
 
 

Exhibit 99.1

 

b01.jpg

 

Bridgeline Crosses Over into Second Half of Fiscal Year 2022 with Strong Wins

 

WOBURN, Mass., April 05, 2022 – Bridgeline Digital, Inc. (NASDAQ: BLIN), a leader in cloud-based digital experience software, today provided the following update after the end of its fiscal second quarter, which concluded on March 31, 2022.

 

Bridgeline reported that it closed 33 license sales totaling over $650k in ARR in the second quarter of fiscal year 2022. Bridgeline’s cross-sale strategy remains strong, with 9 license sales to its existing customer base on top of 24 newly won customers.

 

“Bridgeline won more customers in this quarter than any quarter in history. These robust bookings will add strong high-margin recurring revenue to our subscription revenue in future quarters,” said Ari Kahn, Bridgeline’s President and Chief Executive Officer. “Bridgeline’s new product launches and strong partnerships have contributed to this quarter's sales and positioned the company for strong sales in future quarters.”

 

The software company saw significant growth within the B2B distribution, automotive, and sports industries with notable companies such as 1-800-Radiators, Sports Station, and Converse Asia.

 

Bridgeline’s DataBravo product continues to bring in new opportunities including a recent win with a sales tool that offers real-time data on over 700 million professionals across 35 million companies. Bridgeline has added over $100k in ARR this fiscal year to date for the DataBravo product alone.

 

Nine existing customers purchased Bridgeline’s latest products, including the National Notary Association, which selected Hawksearch to deliver more accurate results to their customers.

 

With platform partnerships, Bridgeline currently supports Optimizely customers Crescent Electric and Cleaner’s Supply. Since launching the only site search plugin on the Optimizely B2B marketplace earlier this year, the partnership has brought in several new customers such as Torrco and Gerrie Electric.

 

While the Hawksearch connector for BigCommerce B2B and B2C edition currently powers large BigCommerce customers such as Berlin Packaging, United Aqua Group, and Star City Games, Bridgeline secured deals with several companies in the distribution industry this quarter. Notable wins came from the manufacturing and automotive industries, namely Techo-Bloc and Waymaker.

 

In February, Bridgeline launched a new product suite named TruPresence to serve the franchise industry and multi-location businesses. TruPresence specializes in software for multi-location websites that work to build a brand’s presence with location pages, local eCommerce, advanced location finder, search, reporting, analytics, and more.

 

Bridgeline’s newest E360 Dashboard, which launched March 31st, is a prescriptive dashboard that was built to provide customers with an at-a-glance view of their site’s most important metrics, perform health checks, surface potential arising issues, and offer solutions.

 

About Bridgeline Digital

 

Bridgeline helps companies grow online revenue by increasing traffic, conversion rates, and average order value. To learn more, please visit www.bridgeline.com.

 ‍

Contact:

Danielle Erwin

VP of Marketing

Bridgeline Digital

press@bridgeline.com