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Bridgeline Digital is an AI-powered marketing technology company that offers a suite of products that help companies grow online revenue by driving more visitors to their websites, converting more visitors to purchasers, and increasing average order value per purchaser. Bridgeline s software is available through a cloud-based Software as a Service ( SaaS ) model.
The business is unprofitable at the operating level (-15.78% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue growth slowed to 0.2%, essentially flat. Margins also contracted 2.6pp. This is a business that needs a catalyst.
ROIC dropped from -13.72% to -18.50%, capital efficiency is deteriorating. Negative free cash flow of -$1M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$16M
▲ +0.2% YoY
Net Income (TTM)
-$2M
▼ -28.4% YoY
Op. Margin
-11.37%
▼ -2.6pp YoY
ROIC
-13.74%
▼ -4.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$1M
▼ -41.3% YoY
Op. Cash Flow (TTM)
-$989K
▼ -44.3% YoY
Net Debt
-$708K
Net Cash Position
Cash & Equiv.
$1M
5Y CAGR: +7.1%
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