Boston, MA 05/22/2013 (wallstreetpr) – The share prices of Bridgeline Digital Inc. (NASDAQ:BLIN) surged by 10.19 percent to close at $1.19 per share for the last trading session. The company is involved in the development of unified Web engagement product suite which is named as iAPPS. Further, Bridgeline Digital Inc. (NASDAQ:BLIN) also offers interactive technology solutions to enable businesses to optimize their operations and processes.
Quarterly Reports
The company had recently released its financial reports for the second quarter of the fiscal year and had registered revenue of $6.0 million, which was less than $6.7 million revenue for the same quarter of 2012. However increase in the sale of iAPPS licenses had resulted in a contribution of 78 percent to the total revenue compared to the 64 percent contribution in the previous year. Bridgeline Digital Inc. (NASDAQ:BLIN) had managed to sell 52 licenses for iAPPS enterprise edition and 500 licenses for iAPPS ds edition during the quarter.
The recurring revenue of Bridgeline Digital Inc. (NASDAQ:BLIN) increased by 30 percent to $1.3 million in the second quarter of 2013 compared to the recurring revenue of $1.0 million for the same quarter of previous year. The 52 week high share price of Bridgeline Digital Inc. (NASDAQ:BLIN) is $3.24 per share and the 52 week low price is $0.99 per share. The company has a market capitalization of $18.25 million and the average trading volume is 28,691 shares per day. Bridgeline Digital Inc. (NASDAQ:BLIN) had promoted 15.33 million shares to the stockholders and has an institutional ownership of 9 percent of the holdings.
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