logo-loader

Bridgeline Digital sees over $500,000 in SaaS license sales in 1Q

Published: 09:54 12 Jan 2023 EST

Bridgeline Digital Inc -
Bridgeline said it also achieved $250,000 in annual recurring revenue for the quarter ending December 31, 2022

Bridgeline Digital Inc (NASDAQ:BLIN) has provided an update for the end of its first quarter of fiscal 2023, saying it achieved 22 software as a service (SaaS) license sales totaling more than $500,000 in contract value with $250,000 in annual recurring revenue for the quarter ending December 31, 2022. 

The cloud-based digital experience software provider said its customer base continues to expand its investment in Bridgeline software with 10 license sales to its existing customer base plus over $100,000 of additional capacity licenses for the holiday season and nearly $500,000 in consulting services.

“Bridgeline’s partners continue to drive strong new business for us, including Optimizely, BigCommerce, Progress Software (NASDAQ:PRGS), and Shopify,” Bridgeline Digital CEO Ari Kahn said in a statement. 

READ: Bridgeline Digital says its prescriptive marketing dashboard, eCommerce360, is now available within the app store on the Shopify platform

“In 2023 we intend to further invest in our partners with both technological advances and marketing initiatives,” Kahn added.

Bridgeline noted that it also saw outstanding customer subscription renewals, with more than 125 renewing customers including Ron Jon, Dairy Queen, and Guardian Life.

The company added that it delivered several technological advances in its first quarter, including its HawkSearch Rapid User Interface Framework, which Bridgeline says reduces the time and expense of launching new HawkSearch-powered websites that not only reduces the total cost of ownership for new HawkSearch customers, but also accelerates Bridgeline’s customer acquisition sales cycle by allowing prospective customers to see how HawkSearch improves search within their site before purchasing it.

As well, Bridgeline said new electrical distributors and plumbing suppliers invested in Bridgeline in the first quarter, and the company will continue to invest in this sector with marketing initiatives in 2023 that include presenting at major conferences, webinars, and online advertising.

The company noted that its first quarter fiscal year 2023 results will be released in February.

Bridgeline Digital helps companies grow their online revenue by increasing traffic, conversion rates, and average order value.

Contact Sean at sean@proactiveinvestors.com

ARway.ai announces multiple new SaaS developer contracts in both the United...

ARway.ai (CSE:ARWY, OTCQB:ARWYF) Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to announce multiple new SaaS developer sign-ups for its augmented reality experience platform, focusing on AR indoor navigation. These partnerships represent significant milestones in...

31 minutes ago