Bridgeline Digital, Inc. (NASDAQ:BLIN)

Third Quarter 2014 Results

• Total revenues increased 11% to $6.2 million in the third quarter of 2014, compared to $5.6 million in the third quarter of fiscal 2013.
• Non-GAAP net loss of $0.04 vs net loss of $0.09

"We are very pleased to see the significant growth in our year-over-year subscription revenue, and perpetual license revenue," said Thomas Massie, Bridgeline Digital's President and Chief Executive Officer. "In addition, we are excited to report record new bookings of $28 million for the first nine months of 2014 and a record backlog approaching $26 million. As we deploy over 5,000 new iAPPSds licenses in Fiscal 2015, Bridgeline will considerably increase its recurring SaaS revenues, providing significant improvements to margins while driving positive EBITDA."

Fiscal 2014 Outlook

For fiscal 2014, revenue is expected to be approximately $24 million and our iAPPS related revenue is expected to be approximately $20 million, an increase from $18.7 million in fiscal 2013.

Second Quarter 2014 Results

• Q2 2014 revenues of $5.3 million vs $6.0 million in the prior year
• Non Gaap net loss of $0.11 vs non gaap net loss of $0.03

"While we are disappointed in our short-term results, Bridgeline continues to execute against its long-term strategic plan to strengthen and grow a high traction, scalable iAPPS business model," said Thomas Massie, Bridgeline Digital's President and Chief Executive Officer. "With our growing backlog now exceeding $20M, we look forward to significant iAPPS SaaS revenue growth in Fiscal 2015 and beyond."

Fiscal 2014 Outlook

For fiscal 2014, revenue is expected to be approximately $24 to $24.5 million, and our iAPPS related revenue is expected to be approximately $20 million, an increase from $18.7 million in fiscal 2013.

First Quarter Fiscal 2014 Results

• Revenues for the first quarter 2014 were $6.5 million, compared to $6.1 million in the prior year.
• Loss per share for the first quarter 2014 were $0.04, same as the prior year.
• The company maintains its fiscal 2014 revenue guidance of to be approximately $28 million, an increase from $24.5 million in fiscal 2013 and the Company expects to generate positive Adjusted EBITDA for the fiscal year.
• The Company plans to announce a major contract win within the next few weeks.
• Conference call commentary implies sequential improvement for the remaining quarters of 2014.

"We continue to build a highly scalable iAPPS business as thousands of quality customers rely on the iAPPS platform for their mission critical website, intranets, and web stores", said Thomas Massie, Bridgeline Digital's President and Chief Executive Officer. "iAPPSds for franchises and large dealer networks addresses a very large market opportunity for Bridgeline and over the past year we have seen significant growth in our qualified pipeline of iAPPSds opportunities. In our current quarter we anticipate record new bookings and closing another multi-million dollar, multi-year iAPPSds agreement."

New Geo feature: The GeoTeam™ does not limit its research to just Asia, thus we will also be including some commentary on stocks based in the United States.

At first glance this stock did not peak our curiosity as the company has been reporting  losses for the last two years .

However:

 1.  The company was EBITDA positive for 2008. 

 2.  The reported net income loss for 2008 was greatly affected by one time non-cash charges. 

 3.  We were able to locate some analyst estimates that show EPS of $.26 in 2009 and $.38 in 2010.  We are assuming that these estimates are not taxed.   The Stock may offer some value if these estimates materialize.

Will watch closely and interview. Taking a small position.