Bridgeline Digital, Inc. (BLIN) stock popping high today after it announced a new launch update in its Salesforce AppExchange. BLIN stock price saw a push of 4.04% to reach $4.00 a share at the time of this writing. Let’s take a closer look at this stock and its recent events.
Bridgeline Digital, Inc is a digital engagement company that provides a platform to companies to develops their websites, web applications, and online stores. The company also offers content management systems, to create, edit and publish content through a browser-based interface. The company is also involved in providing eCommerce solutions to various businesses.
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Recent Development of BLIN stock:
BLIN stock today announced the launch of the ‘Lightning-Ready’ integration of its Hawksearch software for Salesforce B2B Commerce Cloud on Salesforce AppExchange. This new integration will benefit customers via increased conversion due to advanced search, personalization, recommendations, and navigation.
Hawksearch is providing AI-based search solutions to enterprises that have not only easy to use interface but also require less IT support. Thanks to Hawksearch’s fully dedicated resources as companies can easily analyze their customer behavior and buying habits through this platform.
Previous Development of BLIN stock:
On September 09, 2021, BLIN stock did announce that its WooRank SEO software sliced the prospecting time in half successfully for TikaPac. For those who don’t know what TikaPac is, it is the leading market agency for the print industry. WooRank’s Lead Generation Tool is helping the TikaPac by expediting its sales process while cutting the lead qualification time. The tool is beneficial for digital marketing agencies for their SEO services along with other marketing solutions.
Financial View of BLIN stock:
Bridgeline digital announced third-quarter fiscal 2021 financial results on August 17, 2021, according to which
- Total revenue reached $3.4 million, higher than $2.6 million in the same period of 2020. Subscription and services revenue increased 37% and 15% respectively.
- Gross profit for the quarter ended June 30, 2021, was $2.3 million, 45% higher as compared to the same tenure of the previous year. The cost of revenue was $1.2 million for the reported quarter.
- The company spent $2.9 million in operating expenses for the reported quarter while the previous year’s same quarter operating expenses were $1.4 million.
- BLIN stock suffered a $615,000 operating loss in the third quarter of fiscal 2021.
The recent announcement has captivated the attention of investors BLIN stock is enjoying the bullish sentiment so far. The stock has progressed in the year 2021 as it gained 115% year-to-date.