10 AI News That You Should Not Miss

7. Bridgeline Digital, Inc. (NASDAQ:BLIN)

Number of Hedge Fund Holders: 3

Bridgeline Digital, Inc. (NASDAQ:BLIN) offers AI-driven marketing technology solutions, including site search, natural language processing, SEO audits, and digital experience management, serving sectors such as eCommerce, healthcare, and finance.

Bridgeline (NASDAQ:BLIN) reported its fiscal fourth-quarter and full-year 2024 financial results, highlighting growth in its HawkSearch platform. Quarterly revenue reached $3.9 million, slightly up from $3.8 million the previous year, with a gross profit of $2.7 million. Annual revenue totaled $15.4 million, down from $15.9 million, while gross profit remained steady at $10.4 million. The company signed 83 license deals in 2024, generating $2.1 million in annual recurring revenue.

HawkSearch introduced features like Conversational Search and Smart Facets, leveraging AI to improve product discovery. Partnerships with Optimizely, Moblico, and Human Element expanded HawkSearch’s reach, while customer wins included major distributors and retailers upgrading their search capabilities with AI-driven tools. Bridgeline’s CEO emphasized its strong sales pipeline and innovative AI offerings for 2025. He said:

“We begin 2025 with the largest sales pipeline in the company’s history, an AI product suite that both existing customer and new customers need, and an outstanding industry reputation from customers and analysts.”