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BLIN (Bridgeline Digital) Altman Z-Score : -7.66 (As of Dec. 15, 2024)


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What is Bridgeline Digital Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Warning Sign:

Altman Z-score of -7.66 is in distress zone. This implies bankruptcy possibility in the next two years.

Bridgeline Digital has a Altman Z-Score of -7.66, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Bridgeline Digital's Altman Z-Score or its related term are showing as below:

BLIN' s Altman Z-Score Range Over the Past 10 Years
Min: -12.15   Med: -3.99   Max: -0.35
Current: -7.66

During the past 13 years, Bridgeline Digital's highest Altman Z-Score was -0.35. The lowest was -12.15. And the median was -3.99.


Bridgeline Digital Altman Z-Score Historical Data

The historical data trend for Bridgeline Digital's Altman Z-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bridgeline Digital Altman Z-Score Chart

Bridgeline Digital Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.52 -7.94 -2.14 -2.07 -7.23

Bridgeline Digital Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.94 -7.23 -7.80 -7.77 -8.12

Competitive Comparison of Bridgeline Digital's Altman Z-Score

For the Software - Infrastructure subindustry, Bridgeline Digital's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bridgeline Digital's Altman Z-Score Distribution in the Software Industry

For the Software industry and Technology sector, Bridgeline Digital's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Bridgeline Digital's Altman Z-Score falls into.



Bridgeline Digital Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Bridgeline Digital's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*-0.0965+1.4*-5.7066+3.3*-0.604+0.6*2.4622+1.0*0.9579
=-7.66

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Jun. 2024:
Total Assets was $15.97 Mil.
Total Current Assets was $3.06 Mil.
Total Current Liabilities was $4.60 Mil.
Retained Earnings was $-91.11 Mil.
Pre-Tax Income was -0.3 + -0.597 + -0.617 + -8.182 = $-9.70 Mil.
Interest Expense was 0 + -0.053 + 0 + 0 = $-0.05 Mil.
Revenue was 3.936 + 3.804 + 3.755 + 3.798 = $15.29 Mil.
Market Cap (Today) was $13.86 Mil.
Total Liabilities was $5.63 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(3.063 - 4.603)/15.965
=-0.0965

X2=Retained Earnings/Total Assets
=-91.106/15.965
=-5.7066

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-9.696 - -0.053)/15.965
=-0.604

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=13.855/5.627
=2.4622

X5=Revenue/Total Assets
=15.293/15.965
=0.9579

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Bridgeline Digital has a Altman Z-Score of -7.66 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.


Bridgeline Digital  (NAS:BLIN) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Bridgeline Digital Altman Z-Score Related Terms

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Bridgeline Digital Business Description

Traded in Other Exchanges
Address
100 Sylvan Road, Suite G700, Woburn, MA, USA, 01801
Bridgeline Digital Inc is a marketing technology company that offers a suite of products that help companies grow online revenue by driving more traffic to their websites, converting more visitors to purchasers, and increasing average order value. It helps to maximize the performance of critical websites, intranets, and online stores. The company generates revenue from digital engagement services, subscription, perpetual licenses, maintenance, and hosting. Geographically, it derives a majority of revenue from the United States.
Executives
Roger E. Kahn officer: PRESIDENT AND CEO C/O BRIDGELINE DIGITAL, INC., 80 BLANCHARD ROAD, BURLINGTON MA 01803
Michael N Taglich director, 10 percent owner TAGLICH BROTHERS INC, 1370 AVENUE OF THE AMERICAS --31ST FLOOR, NEW YORK NY 6317254791
Thomas R. Windhausen officer: CFO and Treasurer C/O BRIDGELINE DIGITAL, INC., 100 SYLVAN RD SUITE G700, WOBURN MA 01801
Mark G. Downey officer: Chief Financial Officer 135 FIFTH AVENUE, FLOOR 10, NEW YORK NY 10010
Seevolution, Inc. 10 percent owner 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Carole Ann Tyner officer: CFO 9 ELDERBERRY WAY, WESTFORD MA 01886
Michael Prinn officer: VP Finance and CAO C/O BRIDGELINE DIGITAL, INC., 10 SIXTH ROAD, WOBURN MA 01801
Robert Taglich director 700 NEW YORK AVENUE, HUNTINGTON NY 11743
John C Cavalier director 6 SCHUYLER MEADOWS ROAD, LOUDONVILLE NY 12211
Thomas L Massie director, 10 percent owner, officer: President and CEO 130 NEW BOSTON STREET, WOBURN MA 01801
Joni Kahn director
Westland Ventures, Llc 10 percent owner 354 QUAKER ROAD, PRINCETON NJ 08540
Robert M Hegarty director 18 MORTON ROAD, ARLINGTON MA 02476
Kenneth Galaznik director C/O AMERICAN SCIENCE AND ENGINEERING,INC, 829 MIDDLESEX TURNPIKE, BILLERICA MA 01821
Scott E Landers director C/O MONOTYPE IMAGING INC., 500 UNICORN PARK DRIVE, WOBURN MA 01801