Bridgeline Digital Inc (NASDAQ: BLIN) shares were fairly flat Monday, after reporting a Q4 loss of $0.13 per share, versus a year-ago loss of $0.02 per share. Its sales declined to $2.8 million from $4.1 million.
The Burlington, Mass.-based company also announced Friday Q4 SaaS revenue was $1.1 million, compared to $1.4 million in the fourth quarter of fiscal 2017. Hosting revenue was $206,000, compared to $263,000 in the prior-year quarter.
Recurring revenue was $1.4 million in the fourth quarter of fiscal 2018, compared to $1.8 million in the fourth quarter of fiscal 2017.Subscription and perpetual license revenue was $1.2 million in the fourth quarter of fiscal 2018, compared to $1.8 million in the fourth quarter of fiscal 2017.
Operating expenses (excluding a goodwill impairment charge of $243,000) were reduced by $534,000, or 20.8% to $2.0 million in the fourth quarter of fiscal 2018, from $2.6 million in the fourth quarter of fiscal 2017.
According to CEO Ari Kahn, "Bridgeline has partnered with key customers to expand its product line to access global markets and position itself as a leader in the multinational B2B eCommerce space.
"These investments, along with significant wins in the manufacturing category, position us for growth 2019. Furthermore, in the most recent quarter, Bridgeline initiated strategic conversations that may lead to multi-national growth in our customer base where our eCommerce investments can be cross-sold for accelerated growth. Additional strategic opportunities will be a key focus in 2019."
Shares in the company lost four cents, 15.3%, Monday to 24 cents
