Bridgeline Digital Inc 2024年度报告

☐TRANSITION REPORT UNDER SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ______________ to ______________ Bridgeline Digital, Inc.(Exact name of registrant as specified in its charter) Table of Contents If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its auditreport.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by anyof the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐ The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant was approximately $17.4 million based on theclosing price of $1.47of the issuer’s common stock, par value $0.001 per share, as reported by the NasdaqCapitalMarket on March 28, 2025. As ofDecember 16, 2025, there were 12,224,399shares of the registrant’s common stock outstanding. BRIDGELINE DIGITAL, INC.ANNUAL REPORT ON FORM 10-K FOR THE YEAR ENDED September 30, 2025 PART II. Item 5.Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities14Item 6.[Reserved]14Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations14Item 7A.Quantitative and Qualitative Disclosures about Market Risk23Item 8.Financial Statements and Supplementary Data23Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure48Item 9A.Controls and Procedures48Item 9B.Other Information48Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections48 PART III. Table of Contents Forward Looking Statement All statements included in this Annual Report on Form 10-K, 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 andprojections about our industry, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements canoften 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 ofplaces in this Form 10-K and include statements regarding the intent, belief or current expectations of Bridgeline Digital, Inc. These forward-looking statementsare not guarantees of future results and are subject to risks, uncertainties and assumptions, including, but not limited to: business operations and the business ofour customers, suppliers and partners; our ability to retain and upgrade current customers, increasing our recurring revenue, our ability to attract newcustomers, our revenue growth rate; our history of net loss and our ability to achieve or maintain profitability; our liability for any unauthorized access to ourdata or our users’ content, including through privacy and data security breaches; any decline in demand for our platform or products; changes in theinteroperability of our platform across devices, operating systems, and third party applications that we do no control; competition in our markets; our ability torespond to rapid technological changes, extend our platform, develop new features or products, or gain market acceptance for such new features or products, Where we say “we,” “us,” “our,” “Company” or “Bridgeline” or “Bridgeline Digital” we mean Bridgeline Digital, Inc. PART I Item 1. Business. Overview Bridgeline Digital is anAI-powered marketing technology company that offers a suite of products that help companies grow online revenue by driving morevisitors to their websites, converting more visitors to purchasers, and increasing average order value per purchaser. Bridgeline’s software is available through a cloud-based Software as a Service (“SaaS”) model. Addi