Bridgeline Digital is developer of the award-winning iAPPS Web Engagement Platform and related interactive solutions. Bridgeline’s iAPPS platform deeply integrates Web Content Management, eCommerce, eMarketing, and Web Analytics to help marketers deliver online experiences that attract, engage and convert their customers across all digital channels. iAPPS enables customers to enhance and optimize the value of their web assets. Combined with award-winning interactive development capabilities, Bridgeline helps customers cost-effectively accommodate the changing needs of today’s rapidly evolving web properties; allowing them to maximize revenue, improve customer loyalty, enhance employee knowledge, and reduce operational costs. The iAPPS product suite is delivered through a Cloud-based SaaS business model, whose flexible architecture provides customers with state-of-the-art deployments that provide maintenance and daily technical operation and support; or via a traditional dedicated server model.

Bridgeline Digital was founded in 2000 and is headquartered in Burlington, US

Senior Vice President & General Counsel

Bridgeline Digital has offices in Burlington, Bengaluru, Chicago, San Luis Obispo and in 1 other location

Burlington, US (HQ)

80 Blanchard Rd

Tampa, US

5325 Primrose Lake Cir

San Luis Obispo, US

3450 Broad St

Chicago, US

30 N La Salle St

Bengaluru, IN

No. 65/2, Bagmane Laurel, Bagmane Tech Park C.V. Raman Nagar,

Bridgeline Digital's revenue was reported to be $4 m in Q2, 2017

USD

## Revenue (Q2, 2017) | 4 m |

## Gross profit (Q2, 2017) | 2.3 m |

## Gross profit margin (Q2, 2017), % | 57% |

## Net income (Q2, 2017) | (530 k) |

## EBIT (Q2, 2017) | (447 k) |

## Market capitalization (25-Jul-2017) | 12.7 m |

## Cash (31-Mar-2017) | 1.3 m |

Bridgeline Digital's current market capitalization is $12.7 m.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 24.5 m | 23.7 m | 19.2 m | 15.9 m |

## Revenue growth, % | (3%) | (19%) | (17%) | |

## Cost of goods sold | 11.5 m | 12.2 m | 11 m | 7.3 m |

## Gross profit | 13 m | 11.5 m | 8.2 m | 8.6 m |

## Gross profit Margin, % | 53% | 49% | 43% | 54% |

## Operating expense total | 16.1 m | 16.8 m | 24.3 m | 12.2 m |

## EBIT | (3.2 m) | (5.2 m) | (16.1 m) | (3.5 m) |

## EBIT margin, % | (13%) | (22%) | (84%) | (22%) |

## Interest expense | 273 k | 712 k | 914 k | |

## Pre tax profit | (3.4 m) | (6 m) | (17 m) | (7.9 m) |

## Income tax expense | (226 k) | (47 k) | ||

## Net Income | (3.6 m) | (6.2 m) | (16.8 m) | (7.8 m) |

USD | Q3, 2014^{} | Q1, 2014^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 6.2 m | 5 m | 4.8 m | 4.9 m | 4.2 m | 4.2 m | 3.7 m | 4 m | 4 m |

## Cost of goods sold | 3 m | 3.1 m | 3.1 m | 2.7 m | 2.1 m | 2 m | 1.7 m | 1.7 m | 1.7 m |

## Gross profit | 3.1 m | 1.9 m | 1.7 m | 2.2 m | 2.2 m | 2.2 m | 2 m | 2.3 m | 2.3 m |

## Gross profit Margin, % | 51% | 39% | 36% | 45% | 51% | 53% | 54% | 58% | 57% |

## Sales and marketing expense | 2 m | 1.8 m | 1.5 m | 1.2 m | 1.1 m | 1.2 m | 1.2 m | 1.3 m | 1.2 m |

## R&D expense | 613 k | 602 k | 467 k | 373 k | 341 k | 377 k | 428 k | 360 k | 422 k |

## General and administrative expense | 1.1 m | 993 k | 1.1 m | 980 k | 862 k | 764 k | 1 m | 791 k | 803 k |

## Operating expense total | 3.7 m | 3.4 m | 3.1 m | 2.6 m | 2.3 m | 2.4 m | 2.7 m | 2.4 m | 2.4 m |

## EBIT | (1.1 m) | (1.9 m) | (1.8 m) | (807 k) | (1.1 m) | (677 k) | (1 m) | (365 k) | (447 k) |

## EBIT margin, % | (18%) | (38%) | (38%) | (17%) | (25%) | (16%) | (27%) | (9%) | (11%) |

## Pre tax profit | (1.3 m) | (2.1 m) | (2 m) | (1.1 m) | (1.3 m) | (973 k) | (2 m) | (396 k) | (529 k) |

## Income tax expense | 24 k | 35 k | 28 k | 25 k | 6 k | 32 k | 8 k | 12 k | 1 k |

## Net Income | (1.3 m) | (2.1 m) | (2.1 m) | (1.1 m) | (1.3 m) | (1 m) | (2 m) | (408 k) | (530 k) |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 2.8 m | 1.3 m | 337 k | 661 k |

## Inventories | 963 k | 747 k | 680 k | 381 k |

## Current Assets | 7 m | 5.3 m | 3.5 m | 3.6 m |

## Goodwill | 23.8 m | 23.1 m | 12.6 m | 12.6 m |

## Total Assets | 37 m | 33.6 m | 19.2 m | 17.7 m |

## Accounts Payable | 1.7 m | 1.1 m | 1.6 m | 1.3 m |

## Current Liabilities | 6.9 m | 5.9 m | 5.1 m | 3.7 m |

## Total Liabilities | 6.2 m | |||

## Additional Paid-in Capital | 44.2 m | 47.8 m | 50.4 m | 64.2 m |

## Retained Earnings | (21.3 m) | (27.5 m) | (44.4 m) | (52.4 m) |

## Total Equity | 5.7 m | 11.5 m | ||

## Financial Leverage | 3.4 x | 1.5 x |

USD | Q3, 2014^{} | Q1, 2014^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 1.5 m | 1 m | 1.1 m | 583 k | 580 k | 154 k | 233 k | 1.4 m | 1.3 m |

## Current Assets | 6.2 m | 4.8 m | 5.9 m | 4.3 m | 3.7 m | 2.9 m | 2.7 m | 4.4 m | 3.9 m |

## Goodwill | 23.2 m | 23.1 m | 23.1 m | 23.1 m | 12.6 m | 12.6 m | 12.6 m | 12.6 m | 12.6 m |

## Total Assets | 35 m | 32.9 m | 33.4 m | 31.1 m | 19 m | 17.7 m | 17.3 m | 18.4 m | 17.7 m |

## Accounts Payable | 1.2 m | 1.2 m | 1.5 m | 1.3 m | 1.3 m | 1.3 m | 1.4 m | 915 k | 916 k |

## Current Liabilities | 5.7 m | 5.5 m | 7 m | 5.7 m | 5.3 m | 10 m | 4.2 m | 3.5 m | 3.5 m |

## Additional Paid-in Capital | 47.6 m | 49.6 m | 49.8 m | 50 m | 51.2 m | 51.3 m | 57.5 m | 65.2 m | 65.4 m |

## Retained Earnings | (25.7 m) | (29.7 m) | (31.8 m) | (32.9 m) | (45.8 m) | (46.8 m) | (48.9 m) | (52.8 m) | (53.4 m) |

## Total Equity | 16.7 m | 5 m | 4.1 m | 8.2 m | 12.1 m | 11.7 m | |||

## Financial Leverage | 1.9 x | 3.8 x | 4.3 x | 2.1 x | 1.5 x | 1.5 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | (3.6 m) | (6.2 m) | (16.8 m) | (7.8 m) |

## Depreciation and Amortization | 1.7 m | 2 m | 1.7 m | 1.3 m |

## Cash From Operating Activities | (3.8 m) | (2.8 m) | (2.7 m) | |

## Cash From Investing Activities | (1.1 m) | 187 k | (165 k) | |

## Cash From Financing Activities | 3.6 m | 2.1 m | 3.2 m | |

## Interest Paid | 245 k | 243 k | 469 k | |

## Income Taxes Paid | 57 k | 52 k | 17 k |

USD | Q3, 2014^{} | Q1, 2014^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (1.3 m) | (2.1 m) | (2.1 m) | (1.1 m) | (1.3 m) | (1 m) | (2 m) | (408 k) | (530 k) |

## Depreciation and Amortization | 510 k | 452 k | 442 k | 422 k | 356 k | 338 k | 328 k | 185 k | 157 k |

## Accounts Payable | 1.2 m | 1.2 m | 1.5 m | 1.3 m | 1.3 m | 1.3 m | 1.4 m | 915 k | 916 k |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 50.6 k |

## Financial Leverage | 1.5 x |

Source: 26 public H-1B filings from Bridgeline Digital