Shares of cloud-based marketing technology software firm Bridgeline Digital Inc. (BLIN) fell -12.19% in after-hours trading on Thursday. The decline came in with the announcement of quarterly results by the company after the ring of the bell on the day.
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With about 83,870 shares changing hand after the regular session, the stock price of the BLIN took a dip of -12.19% coming down to $3.53. In the regular session, it was a gain of 4.15% to $4.02 for the stock in trading of 783,416 shares.
What the company do:
Serving as a digital interaction organization in the United States, Bridgeline’s Unbound platform helps enterprises and entrepreneurs to create websites, mobile apps, and online stores. The platform provides a content management system and marketing automation engine through Bridgeline Unbound Experience Manager while providing support to non-technical users in developing, updating, and publishing content via a browser-based interface using the company’s Bridgeline Unbound Content Manager. The platform provides online B2B and B2C commerce solutions through Bridgeline Unbound Commerce allowing users to handle commerce projects not only domestically but internationally as well.
Recent earnings and revenue:
Bridgeline suffered a quarterly loss of -$0.15 versus analysts’ estimates of $0.04 while it was earnings of $0.15 an in the year-ago quarter.
Analysts had expected Bridgeline to report $2.87 million in revenues for the quarter ended December 2020, but it posted $2.84 million, missing the estimate by 1.53%. In comparison, the company’s revenues in the previous year were $2.83 million.
For now, Bridgeline Digital has not released its earnings forecast or revenue guidance.
BLIN’s year-to-date success saw the stock stand at 55.81%, with its performance just weaker at 14.86% for the last 7 days. The stock price is up 47.79% over one month and 85.25% over the three-month period. Its success over the last six months is 52.27% and much better over its 52-week period, at 161.04%.