Bridgeline Digital signs $1.2M in new sales in Q3

Bridgeline Digital provided the following update for the end of its third quarter of fiscal 2023. In its third quarter, Bridgeline won $1.2 million in sales with $600 thousand in licenses, adding over $200 thousand in annual recurring revenue and more than $600 thousand in services. Most sales were for three-year terms and HawkSearch represented the bulk of the new bookings. New customers include Borsheims, Catapult Energy, Seattle Aviation Solutions, and Voltus. Approximately 200 of Bridgeline’s existing customers, comprising over 90% of customers and recurring revenue that was contracted for renewal during the quarter, renewed $1 million in licenses, with several customers increasing the size of their license. Renewals included leading enterprises such as AARP, Triumph Motorcycle, and Glasses USA.