Bridgeline Digital, Inc.
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2025 · Filed Feb 12, 2026
BLIN$0.62-7.3%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2025-06-30; filed 2025-08-14.
0001437749-25-026998
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2025-12-31; filed 2026-02-12.
0001437749-26-003978
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 138 previous paragraphs and 109 current paragraphs.
65 unchanged; 29 reworded; 15 added; 41 removed; 3 previous and 0 current paragraphs rearranged.
Tables are not compared: 4 previous and 4 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (15)
Current report
Subscription
Current report
Subscription revenue of $3.2 million for the three months ended December 31, 2025 increased by $0.1 compared to $3.1 million for the three months ended December 31, 2024.
Current report
Services
Current report
Services revenue of $0.8 million for the three months ended December 31, 2025 increased slightly compared to $0.7 million for the three months ended December 31, 2024.
Current report
Overall
Current report
Revenue for Bridgeline’s Core products was $2.4 million for the three months ended December 31, 2025 (representing 60% of total revenue), an increase from $2.0 million in the three months ended December 31, 2024 (representing 54% of total revenue). Bridgeline revenue for the three months ended December 31, 2025 increased compared to the three months ended December 31, 2024, with growth in Core products, led by HawkSearch, offset by lower revenue in certain legacy products. Core revenue for the 12 months ended December 31, 2025 grew by 17% compared to the 12 months ended December 31, 2024.
Current report
Cost of Subscription Revenue
Current report
Cost of subscription revenue of $1.0 million for the three months ended December 31, 2025 increased slightly from $0.9 million for the three months ended December 31, 2024.
Current report
The cost of subscription revenue as a percentage of subscription revenue was 31% and 29% for the three months ended December 31, 2025 and 2024, respectively.
Current report
Cost of Services Revenue
Current report
The cost of services revenue as a percentage of total services revenue was 45% and 49% for the three months ended December 31, 2025 and 2024, respectively.
Current report
The decrease from the prior comparable periods is primarily attributable to lower personnel costs.
Current report
Restructuring and acquisition related expenses were $25 thousand for the three months ended December 31, 2025 compared to $10 thousand for the three months ended December 31, 2024.
Current report
The sum of interest expense and other, net, was less than $(1) thousand of income for the three months ended December 31, 2025 and was $(4) thousand of income for the three months ended December 31, 2024.
Current report
Cash used in financing activities was $(0.1) million for each of the three months ended December 31, 2025 and 2024, primarily related to payments of long-term debt.
Removed paragraphs (41)
Previous report
Subscription and Perpetual Licenses
Previous report
Revenue from subscription (SaaS) and perpetual licenses of $3.1 million for the three months ended June 30, 2025 increased from $3.0 million for the three months ended June 30, 2024.
Previous report
Revenue from subscription (SaaS) and perpetual licenses of $9.2 million for the nine months ended June 30, 2025 increased from $9.1 million for the nine months ended June 30, 2024.
Previous report
Subscription and perpetual licenses revenue as a percentage of total revenue of 80% for the nine months ended June 30, 2025 increased from 79% for the nine months ended June 30, 2024.
Previous report
Digital Engagement Services
Previous report
Revenue from digital engagement services of $2.3 million for the nine months ended June 30, 2025 decreased from $2.4 million for the nine months ended June 30, 2024.
Previous report
Digital engagement services revenue as a percentage of total revenue of 20% for the nine months ended June 30, 2025 decreased from 21% for the nine months ended June 30, 2024.
Previous report
The decrease in revenue from digital engagement services for the three months ended June 30, 2025 compared to the three months ended June 30, 2024 was a result of additional services volumes in the three months ended June 30, 2024, which included a large customer project.
Previous report
Total cost of revenue of $3.8 million for the nine months ended June 30, 2025 increased from $3.7 million for the nine months ended June 30, 2024.
Previous report
Cost of Subscription and Perpetual Licenses
Previous report
Cost of subscription and perpetual licenses of $0.9 million for the three months ended June 30, 2025 increased from $0.8 million for the three months ended June 30, 2024.
Previous report
The cost of subscription and perpetual licenses as a percentage of subscription and perpetual licenses revenue was 30% and 28% for the three months ended June 30, 2025 and 2024, respectively.
Previous report
Cost of subscription and perpetual licenses of $2.7 million for the nine months ended June 30, 2025 increased from $2.5 million for the nine months ended June 30, 2024.
Previous report
The cost of subscription and perpetual licenses as a percentage of subscription and perpetual licenses revenue was 29% and 28% for the nine months ended June 30, 2025 and 2024, respectively.
Previous report
Cost of Digital Engagement Services
Previous report
The cost of total digital engagement services as a percentage of total digital engagement services revenue was 50% and 42% for the three months ended June 30, 2025 and 2024, respectively.
Previous report
Cost of digital engagement services of $1.1 million for the nine months ended June 30, 2025 decreased from $1.2 million for the nine months ended June 30, 2024.
Previous report
The cost of total digital engagement services as a percentage of total digital engagement services revenue was 49% for each of the nine months ended June 30, 2025 and 2024.
Previous report
Gross profit of $7.7 million for the nine months ended June 30, 2025 decreased from $7.8 million for the nine months ended June 30, 2024.
Previous report
The gross profit margin was 67% and 68% for the nine months ended June 30, 2025 and 2024, respectively.
Previous report
Sales and marketing expenses of $3.4 million for the nine months ended June 30, 2025 increased from $2.8 million for the nine months ended June 30, 2024.
Previous report
Sales and marketing expense as a percentage of total revenue was 29% and 24% for the nine months ended June 30, 2025 and 2024, respectively.
Previous report
The increase for the three months ended June 30, 2025 compared to the prior periods is primarily attributable to higher marketing spend on leads and conferences, partially offset by lower personnel costs.
Previous report
The increase for the nine months ended June 30, 2025 compared to the prior periods is primarily attributable to higher personnel costs and higher marketing spend on leads and conferences.
Previous report
General and administrative expense as a percentage of total revenue was 20% and 22% for the three months ended June 30, 2025 and 2024.
Previous report
General and administrative expenses of $2.3 million for the nine months ended June 30, 2025 decreased from $2.4 million for the nine months ended June 30, 2024.
Previous report
The decreased for each of the comparable periods is primarily attributable to personnel costs.
Previous report
Research and development expenses of $3.1 million for the nine months ended June 30, 2025 remained consistent with $3.1 million for the nine months ended June 30, 2024.
Previous report
Research and development expenses as a percentage of total revenue was 27% for each of the nine months ended June 30, 2025 and 2024.
Previous report
Restructuring and acquisition related expenses were $10 thousand and $0.2 million for the three months and nine months ended June 30, 2025, respectively, compared to $53 thousand and $68 thousand in the three and nine months ended June 30, 2024.
Previous report
The increase for the nine months ended June 30, 2025 was primarily attributable to personnel restructuring costs in the three months ended March 31, 2025.
Previous report
Depreciation and amortization expense was $0.6 million and $0.9 million for the nine months ended June 30, 2025 and 2024, respectively.
Previous report
Depreciation and amortization as a percentage of total revenue was 5% and 8% for the nine months ended June 30, 2025 and 2024, respectively.
Previous report
The decrease for the nine months ended June 30, 2025 is primarily attributable to certain intangible assets that have become fully amortized.
Previous report
The loss from operations was $(2.0) million and $(1.5) million for the nine months ended June 30, 2025 and 2024, respectively.
Previous report
Interest expense and other, net, was $(135) thousand and $(58) thousand for the nine months ended June 30, 2025 and 2024, respectively.
Previous report
The increase is primarily the result of stock-based compensation from restricted stock issued to board members in the three months ended June 30, 2025.
Previous report
We recognized a (loss)/gain related to the change in fair value of warrant liabilities of $(58) thousand and $81 thousand for the nine months ended June 30, 2025 and 2024, respectively.
Previous report
Cash provided by financing activities was $1.5 million for the nine months ended June 30, 2025 primarily related to proceeds from the issuance of common stock of $2.0 million, less cash used for the redemption of Preferred Series C shares and $(0.2) million used for payment of long-term debt in the nine months ended June 30, 2025.
Previous report
On March 24, 2025, the Company entered into a Securities Purchase Agreement with purchasers, pursuant to which the Company agreed to issue and sell, in a registered direct offering, an aggregate of 1,000,000 shares of the Company’s common stock, par value $0.001 per share, at an offering price of $1.50 per share, for aggregate gross proceeds from the offering of approximately $1.5 million before deducting the placement agent fee and related offering expenses (see Note 8). Proceeds after deducting offering expenses was $1.3 million.
Showing the first 40 of 41 passages. Open the source sections for the rest.
Reworded paragraphs (29)
Previous wording
All statements included in this section, other than statements or characterizations of historical fact, are forward-looking statements. These“forward looking statements”* within the meaning of the Private Securities Litigation Reform Act of 1995, are based on our current expectations, estimates and projections about our industry, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may" "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. These statements appear in a number of places and include statements regarding the intent, belief or current expectations of Bridgeline Digital, Inc. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions, including, but not limited to, business operations and the business of our customers, suppliers and partners; our ability to retain and upgrade current customers; increasing our recurring revenue; our ability to attract new customers; our revenue growth rate; our history of net loss and our ability to achieve or maintain profitability; instability in the financial markets, including the banking sector; our liability for any unauthorized access to our data or our users*’* content, including through privacy and data security breaches; any decline in demand for our platform or products; changes in the interoperability of our platform across devices, operating systems, and third-party applications that we do no control; competition in our markets; our ability to respond to rapid technological changes, extend our platform, develop new features or products, or gain market acceptance for such new features or products, particularly in light of potential disruptions to the productivity of our employees resulting from remote work; our ability to manage our growth or plan for future growth, and our acquisition of other businesses and the potential of such acquisitions to require significant management attention, disrupt our business, or dilute stockholder value; the volatility of the market price of our common stock; the ability to maintain our listing on the NASDAQ Capital Market; or our ability to maintain an effective system of internal controls as well as other risks described in our filings with the Securities and Exchange Commission. Any of such risks could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. We urge readers to review carefully the risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024, as well as in the other documents that we file with the Securities and Exchange Commission.*
Current wording
All statements included in this section, other than statements or characterizations of historical fact, are forward-looking statements. These“forward looking statements”* within the meaning of the Private Securities Litigation Reform Act of 1995, are based on our current expectations, estimates and projections about our industry, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may" "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. These statements appear in a number of places and include statements regarding the intent, belief or current expectations of Bridgeline Digital, Inc. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions, including, but not limited to, business operations and the business of our customers, suppliers and partners; our ability to retain and upgrade current customers; increasing our recurring revenue; our ability to attract new customers; our revenue growth rate; our history of net loss and our ability to achieve or maintain profitability; instability in the financial markets, including the banking sector; our liability for any unauthorized access to our data or our users*’* content, including through privacy and data security breaches; any decline in demand for our platform or products; changes in the interoperability of our platform across devices, operating systems, and third-party applications that we do not control; competition in our markets; our ability to respond to rapid technological changes, extend our platform, develop new features or products, or gain market acceptance for such new features or products, particularly in light of potential disruptions to the productivity of our employees resulting from remote work; our ability to manage our growth or plan for future growth, and our acquisition of other businesses and the potential of such acquisitions to require significant management attention, disrupt our business, or dilute stockholder value; the volatility of the market price of our common stock; the ability to maintain our listing on the NASDAQ Capital Market; or our ability to maintain an effective system of internal controls as well as other risks described in our filings with the Securities and Exchange Commission. Any of such risks could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. We urge readers to review carefully the risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025, as well as in the other documents that we file with the Securities and Exchange Commission.*
Previous wording
Our corporate office is located in Woburn, Massachusetts. We maintain regional field offices serving the following geographical locations: Woodbury, New York; Rosemont, Illinois; Atascadero, California; Ontario, Canada; and Brussels, Belgium.
Current wording
Our corporate office is located in Woburn, Massachusetts. We maintain regional field offices serving the following geographical locations: Garden City, New York; Rosemont, Illinois; Atascadero, California; Ontario, Canada; and Brussels, Belgium.
Previous wording
We currently have over 2,000 active customers. For the three and nine months ended June 30, 2025 and 2024, no customer exceeded 10% of our revenue.
Current wording
We currently have over 2,000 active customers. For the three months ended December 31, 2025 and 2024, no customer exceeded 10% of our revenue.
Previous wording
Results of Operations for the Three and Nine Months Ended June 30, 2025 compared to the Three and Nine Months Ended June 30, 2024
Current wording
Results of Operations for the Three Months Ended December 31, 2025 compared to the Three Months Ended December 31, 2024
Previous wording
Total net revenue for each of the three months ended June 30, 2025 and 2024, was $3.8 million and $3.9 million, respectively. We had net loss of $(0.8) million and $(0.3) million for the three months ended June 30, 2025 and 2024, respectively. Included in the net loss for the three months ended June 30, 2025 and 2024, was a gain of $31 thousand and a gain of $88 thousand, respectively, as a result of the change in fair value of certain warrant liabilities. Basic and diluted loss per share attributable to common shareholders was $ (0.07) and $ (0.03) for the three months ended June 30, 2025 and 2024, respectively.
Current wording
Total net revenue for each of the three months ended December 31, 2025 and 2024, was $3.9 million and $3.8 million, respectively. We had net loss of $(0.1) million and $(0.6) million for the three months ended December 31, 2025 and 2024, respectively. Included in the net loss for the three months ended December 31, 2025 and 2024, was a gain of $90 thousand and a loss of $(114) thousand as a result of the change in fair value of certain warrant liabilities, respectively. Basic and diluted loss per share attributable to common shareholders was $ (0.01) and $ (0.06) for the three months ended December 31, 2025 and 2024, respectively.
Previous wording
Our revenue is derived from two sources: (i) subscription and perpetual licenses and (ii) digital engagement services.
Current wording
Our revenue is derived from two sources: (i) subscription and (ii) services.
Previous wording
Subscription and perpetual licenses revenue as a percentage of total revenue of 81% for the three months ended June 30, 2025 increased from 77% for the three months ended June 30, 2024.
Current wording
Subscription revenue as a percentage of total revenue of 81% for the three months ended December 31, 2025 increased from 80% for the three months ended December 31, 2024.
Previous wording
Digital engagement services revenue as a percentage of total revenue of 19% for the three months ended June 30, 2025 decreased from 23% for the three months ended June 30, 2024.
Current wording
Services revenue as a percentage of total revenue of 19% for the three months ended December 31, 2025 decreased from 20% for the three months ended December 31, 2024.
Previous wording
Total cost of revenue of $1.3 million for the three months ended June 30, 2025 increased from $1.2 million for the three months ended June 30, 2024.
Current wording
Total cost of revenue of $1.3 million for the three months ended December 31, 2025 remained consistent with $1.3 million for the three months ended December 31, 2024.
Previous wording
The changes in cost of subscription and perpetual licenses are primarily due to higher server costs.
Current wording
The changes in cost of subscription revenue are primarily due to higher server costs.
Previous wording
Cost of digital engagement services of $0.4 million for the three months ended June 30, 2025 decreased from $0.4 million for the three months ended June 30, 2024.
Current wording
Cost of services revenue of $0.3 million for the three months ended December 31, 2025 a slight decrease from $0.4 million for the three months ended December 31, 2024.
Previous wording
The changes in cost of digital engagement services is primarily due to lower personnel costs.
Current wording
The changes in cost of services revenue is primarily due to lower personnel costs.
Previous wording
Gross profit of $2.5 million for the three months ended June 30, 2025 decreased from $2.7 million for the three months ended June 30, 2024.
Current wording
Gross profit of $2.6 million for the three months ended December 31, 2025 increased from $2.5 million for the three months ended December 31, 2024.
Previous wording
The gross profit margin was 66% and 69% for the three months ended June 30, 2025 and 2024, respectively.
Current wording
The gross profit margin was 66% and 67% for the three months ended December 31, 2025 and 2024, respectively.
Previous wording
Research and development expenses of $1.0 million for the three months ended June 30, 2025 decreased from $1.0 million for the three months ended June 30, 2024.
Current wording
Sales and marketing expenses of $1.0 million for the three months ended December 31, 2025 increased from $1.0 million for the three months ended December 31, 2024.
Previous wording
Sales and marketing expense as a percentage of total revenue was 34% and 24% for the three months ended June 30, 2025 and 2024, respectively.
Current wording
Sales and marketing expense as a percentage of total revenue was 27% and 26% for the three months ended December 31, 2025 and 2024, respectively.
Previous wording
Revenue from digital engagement services of $0.7 million for the three months ended June 30, 2025 decreased from $0.9 million for the three months ended June 30, 2024.
Current wording
General and administrative expenses of $0.7 million for the three months ended December 31, 2025 decreased from $0.8 million for the three months ended December 31, 2024.
Previous wording
General and administrative expense as a percentage of total revenue was 20% and 21% for the nine months ended June 30, 2025 and 2024.
Current wording
General and administrative expense as a percentage of total revenue was 18% and 21% for the three months ended December 31, 2025 and 2024, respectively.
Previous wording
General and administrative expenses of $0.8 million for the three months ended June 30, 2025 decreased from $0.9 million for the three months ended June 30, 2024.
Current wording
Research and development expenses of $0.8 million for the three months ended December 31, 2025 decreased from $1.1 million for the three months ended December 31, 2024.
Previous wording
Research and development expenses as a percentage of total revenue was 25% and 26% for the three months ended June 30, 2025 and 2024, respectively.
Current wording
Research and development expenses as a percentage of total revenue was 20% and 28% for the three months ended December 31, 2025 and 2024, respectively.
Previous wording
Depreciation and amortization as a percentage of total revenue was 5% for each of the three months ended June 30, 2025 and 2024, respectively.
Current wording
Depreciation and amortization as a percentage of total revenue was 5% for each of the three months ended December 31, 2025 and 2024*.*
Previous wording
The loss from operations was $(0.7) million and $(0.4) million for the three months ended June 30, 2025 and 2024, respectively.
Current wording
The loss from operations was $ (0.2) million and $ (0.5) million for the three months ended December 31, 2025 and 2024, respectively.
Previous wording
We recognized a gain related to the change in fair value of warrant liabilities of $31 thousand and $88 thousand for the three months ended June 30, 2025 and 2024, respectively.
Current wording
We recognized a gain on the change in fair value of warrant liabilities of $0.1 million during the three months ended December 31, 2025 and recognized a loss related to the change in fair value of warrant liabilities of $(0.1) million for the three months ended December 31, 2024.
Previous wording
The provision for income taxes was $5 thousand for each of the three months ended June 30, 2025 and June 30, 2024. The provision for income taxes was $15 thousand for each of the nine months ended June 30, 2025 and June 30, 2024. The provision for income taxes consists of estimated liability for federal and state income taxes owed by us. Net operating loss (“NOL”) carryforwards are estimated to be sufficient to offset any potential taxable income for all periods presented. A valuation allowance is established if it is more likely than not that all or a portion of the deferred tax asset will not be realized. We maintain a valuation allowance against its net deferred tax assets.
Current wording
The provision for income taxes was $5 thousand for each of the three months ended December 31, 2025 and December 31, 2024. The provision for income taxes consists of estimated liability for federal and state income taxes owed by us. Net operating loss (“NOL”) carryforwards are estimated to be sufficient to offset any potential taxable income for all periods presented. A valuation allowance is established if it is more likely than not that all or a portion of the deferred tax asset will not be realized. We maintain a valuation allowance against its net deferred tax assets.
Previous wording
Cash used in operating activities was $(0.8) million for the nine months ended June 30, 2025, compared to cash used in operating activities of $(1.0) million for the nine months ended June 30, 2024. The change in cash used in operating activities, compared to the prior period, was primarily due to changes in non-cash items, including amortization, depreciation, stock-based compensation, and changes in fair value of warrant liabilities, and changes in accounts receivable, prepaids and other current assets, and accounts payable and accrued liabilities.
Current wording
Cash used in operating activities was $(39) thousand for the three months ended December 31, 2025, compared to cash provided by operating activities of $0.2 million for the three months ended December 31, 2024. The change in cash used in operating activities, compared to the prior period, was primarily due to changes in non-cash items, including amortization, depreciation, stock-based compensation, and changes in fair value of warrant liabilities, and changes in accounts receivable, prepaids and other current assets, and accounts payable and accrued liabilities and deferred revenue.
Previous wording
Interest expense and other, net, was $(126) thousand and $(5) thousand for the three months ended June 30, 2025 and 2024, respectively.
Current wording
There was $(17) thousand and $(5) thousand cash used in investing activities for the three months ended December 31, 2025 and 2024, respectively.
Previous wording
We may offer and sell, from time to time, in one or more offerings, up to $50 million of its debt or equity securities, or any combination thereof. Such securities offerings may be made pursuant to the Company’s currently effective registration statement on Form S-3 (File No. 333-285176), which was initially filed with the Securities and Exchange Commission on February 24, 2025 and declared effective on February 27, 2025 (the “Shelf Registration Statement”). A complete description of the types of securities that the Company may sell is described in the Preliminary Prospectus contained in the Shelf Registration Statement. As of the date of the filing of this Quarterly Report, there are no active offerings for the sale or obligations to purchase any of the Company’s securities pursuant to the Shelf Registration Statement. There can be no assurances that the Company will offer any securities for sale or that if the Company does offer any securities that it will be successful in selling any portion of the securities offered on a timely basis if at all, or on terms acceptable to us. Further, our ability to offer or sell such securities may be limited by the rules of the NASDAQ Capital Market.
Current wording
We may offer and sell, from time to time, in one or more offerings, up to $50 million of its debt or equity securities, or any combination thereof. Such securities offerings may be made pursuant to the Company’s currently effective registration statement on Form S-3 (File No. 333-285176), which was initially filed with the Securities and Exchange Commission on February 24, 2025 and declared effective on February 27, 2025 (the “Shelf Registration Statement”). A complete description of the types of securities that the Company may sell is described in the Preliminary Prospectus contained in the Shelf Registration Statement. As of the date of the filing of this Quarterly Report, there are no active offerings for the sale or obligations to purchase any of the Company’s securities pursuant to the Shelf Registration Statement. There can be no assurances that the Company will offer any securities for sale or that if the Company does offer any securities that it will be successful in selling any portion of the securities offered on a timely basis if at all, or on terms acceptable to us. Further, our ability to offer or sell such securities may be limited by the rules of the NASDAQ Capital Market. As of December 31, 2025 approximately $47.7 million remains available for issuance.
Previous wording
We lease all of our office locations. The gross obligations for operating leases is $0.2 million, with obligations extending through January 2028. Debt payments on our various debt obligations total $0.3 million of which $0.2 million is expected to be paid in the next twelve months.
Current wording
We lease all of our office locations. The gross obligations for operating leases are $0.6 million, with obligations extending through fiscal 2031. Debt payments on our various debt obligations total $0.2 million, of which $0.1 million is expected to be paid in the next twelve months.
Previous wording
We derive our revenue from two sources: (i) Software Licenses, which are comprised of subscription fees, perpetual software licenses, and maintenance for post-customer support (“PCS”) on perpetual licenses, and (ii) Digital Engagement Services, which are professional services to implement our products such as web development, digital strategy, information architecture and usability engineering search. Customers who license the software on a subscription basis, which can be described as “Software as a Service” or “SaaS”, do not take possession of the software.
Current wording
We derive our revenue from two sources: (i) Subscription, which are comprised of software subscription fees ("SaaS"), hosting and related services, maintenance for post-customer support (“PCS”) on perpetual licenses, and perpetual software licenses, and (ii) Services, which are professional services to implement our products such as web development, digital strategy, information architecture and usability engineering search. Customers who license the software on a subscription basis, which can be described as “Software as a Service” or “SaaS”, do not take possession of the software.
Rearranged previous paragraphs (3)
Previous report — wording carried elsewhere
Total net revenue for each of the nine months ended June 30, 2025 and 2024, was $11.5 million and $11.5 million, respectively. We had net loss of $(2.2) million and $(1.5) million for the nine months ended June 30, 2025 and 2024, respectively. Included in the net loss for the nine months ended June 30, 2025 and 2024, was a loss of $(58) thousand and a gain of $81 thousand, respectively, as a result of the change in fair value of certain warrant liabilities. Basic and diluted loss per share attributable to common shareholders was $ (0.23) and $ (0.15) for the nine months ended June 30, 2025 and 2024, respectively.
Previous report — wording carried elsewhere
Sales and marketing expenses of $1.3 million for the three months ended June 30, 2025 increased from $0.9 million for the three months ended June 30, 2024.
Previous report — wording carried elsewhere
There was $(12) thousand cash used in investing activities for the nine months ended June 30, 2025 and $(24) thousand cash used in investing activities for the nine months ended June 30, 2024.