BLIN - Bridgeline signs $1.4M in new sales $4M in license renewals during Q2
2023-04-03 08:39:02 ET
- In its update for end of Q2 of 2023, Bridgeline Digital ( NASDAQ: BLIN ) announced that it has signed $1.4M in new sales, including $600K in licenses representing $300K+ in annual recurring revenue, plus $800K in services.
- Most new sales contracts were for a 3-year term, and HawkSearch represented the bulk of the new bookings.
- Over 200 of Bridgeline's existing customers, representing over 90% of customers and recurring revenue that was contracted for renewal during the quarter, renewed $4M in license subscriptions with several customers increasing the size of their license.
- Bridgeline sold 500+ subscriptions through its new partnership with Duda (signed in January 2023), a Content Management Platform.
- Q2 earnings results are scheduled for May release.
- Shares trading 8.8% higher premarket.
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Bridgeline signs $1.4M in new sales, $4M in license renewals during Q2