Bridgeline Update

Bridgeline also announced Q2 earnings. More of the same, although they seem to be getting their costs under control. Revenue fell to $4 million from $4.2 million. Net loss was $530,000 compared to a loss of $1 million last year. Adjusted EBITDA was $22,000 compared to $25,000 last year. Non-GAAP net loss was $162,000 compared to $643,000 last year. It looks like recurring revenue is just under 50% of revenue. My valuation rose to $1.44 from $1.38. This is looking more and more like a good tax loss candidate for 2017. The only hope is for them to get bought—and we will lose money anyhow


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