Bridgeline Digital, Inc. (BLIN), a digital engagement company, has seen a surge of 14.32% in the pre-market trading sessions. As a result, BLIN stock is changing hands at $4.63 at the time of this writing. There appears to be no obvious reason for this increase in BLIN stock. On Tuesday, BLIN stock closed the day at $4.05 after increasing 1.76% in the regular trading sessions. Let’s have some discussion about recent developments in BLIN stock.
WooRank cut the prospecting time
On the 9th of September, BLIN announced that its WooRank SEO software has cut the prospecting time in half for TikaPac. TikaPac is among the leading market agencies for the print industry. TikaPac had transformed its business by cutting lead qualification time and enhancing the sale process. That was done via the aid of WooRank’s Lead Generation Tool. According to the company, the tool is ideal for agencies to attract and qualify leads for digital marketing and SEO. TikaPac said that it would leverage WooRank’s white label PDFs. That would be done to quickly create the SEO reports for identification of the value of TikaPac’s SEO services.
BLIN invested in Hawksearch BigCommerce integration
On the 30th of August, BLIN announced that it was heavily investing in its Hawksearch BigCommerce Integration. The investment was done for the purpose of expansion in their offering for BigCommerce users. Bridgeline invested in a dedicated partner resource and in the development of new features. That is evident from over thirty BigCommerce implementations of Hawksearch. Hawksearch is a personalization, recommendations, and searching app based upon AI. It optimizes the buying experience of users. Apart from Hawksearch’s current traffic builder tool, Bridgeline also integrated WooRank’s suite of SEO tools to increase traffic and revenue for Hawksearch. Ari Kahn, CEO at Bridgeline, said that company is excited to strengthen its commitment to its BigCommerce partnership.
Q3 2021 financial results
On the 16th of August, BLIN reported the quarterly results for the third quarter of the fiscal year 2021, which ended on 30th June. According to the details, the company generated a total revenue of $3.4 million during the quarter. In the equivalent period of 2020, the total revenue stood at $2.6 million. The gross profit during the quarter was $2.3 million. During the equivalent period of 2020, the gross profit stood at $1.6 million. The operating expenses during the quarter were $2.9 million. During the equivalent period of 2020, the operating expenses were $1.4 million. The operating loss during the quarter was $0.61 million, while during the equivalent period of 2020; the operating profit was $0.15 million. The net loss during the quarter stood at $3.6 million. During the equivalent period of 2020, the net loss was $1.7 million.
What lies in the future for BLIN?
The recent past has been a grim time for BLIN stock, though, in the long run, it has performed well. During the last week, BLIN stock has declined by 6% while during the last month, it has declined by 5%. But during the last year, BLIN stock has increased by 116%. Analysts are predicting a positive time ahead for BLIN stockholders. The EPS of BLIN is expected to grow by 92% during the current fiscal. Based on these indicators, investors should closely monitor BLIN stock performance.
