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Bridgeline Digital fiscal Q2 loss narrows YOY

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Bridgeline Digital fiscal Q2 loss narrows YOY

Bridgeline Digital Inc. said its normalized net income for the fiscal second quarter ended March 31 amounted to a loss of 46 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 70 cents per share.

The per-share loss decreased 69.1% year over year from $1.50.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $486,880, compared with a loss of $1.3 million in the year-earlier period.

The normalized profit margin climbed to negative 11.5% from negative 26.7% in the year-earlier period.

Total revenue declined 11.6% year over year to $4.2 million from $4.8 million, and total operating expenses declined 28.9% from the prior-year period to $4.7 million from $6.6 million.

Reported net income came to a loss of $1.1 million, or a loss of $1 per share, compared to a loss of $2.1 million, or a loss of $2.46 per share, in the prior-year period.