Good day, ladies and gentlemen, and welcome to the Bridgeline Digital, Inc.'s Fourth Quarter 2018 and Year-End Earnings Call. [Operator Instructions] As a reminder, today's conference is being recorded. With us on today's call are Ms. Carole Tyner, Chief Financial Officer, and Mr. Ari Kahn, President and Chief Executive Officer. I would now like to turn the call over to Ms. Carole Tyner. Ma'am, you may begin.

Thank you, and good afternoon, everyone. I am pleased to welcome you to our fiscal 2018 fourth quarter conference call. Before we begin, I would like to remind listeners that during this conference call, comments that we make regarding Bridgeline Digital that are not historical facts are forward-looking statements and are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The internal projections and beliefs upon which we base our expectations today may change over time, and we take no obligation to inform you if they do. Results that we report today should not be considered as an indication of our future performance. Changes in economic, business, competitive, technological, regulatory and other factors could cause Bridgeline's actual results to differ materially from those expressed or implied by the projections or forward-looking statements made today. For more detailed information about these factors and other risks that may impact our business, please review the reports and documents filed from time to time by Bridgeline Digital with the Securities and Exchange Commission. Also, please note that on the call today, we will discuss some non-GAAP financial measures when discussing the company's financial performance. We provide a reconciliation of these non-GAAP measures to our GAAP financial measures in our earnings release. You can obtain a copy of our earnings release by visiting our website. I would now like to turn the call over to Ari Kahn, our CEO and our President.

Thank you, Carole, and good afternoon, everyone. In 2018, Bridgeline acquired customers from several verticals, including healthcare, association, finance and manufacturing. Overall, we saw a trend in B2B, with the manufacturing sector showing significant interest. We also saw international requirements and partnered with some of our customers to expand our product line to meet the needs of this trend. Our partnership with international manufacturing customers resulted in the upcoming launch of version 7 of our platform, which includes a new feature set called Unbound Commerce variants that includes unique localization capabilities for currencies, taxation, inventory, logistics and compliance, it may vary from country to country. As part of these same trends, we're also launching the Unbound Translate product, which will enable direct integration with translation systems to expedite for publication of content to international sites. Bridgeline has partnered with Lingotek on this new product to leverage their network of translation specialists and workflow software to give our customers seamless and cost-effective translation of content on their websites and online product catalogs. Commerce variants and translation goes hand-in-hand with Bridgeline's GDPR-hosting capabilities to help our customers with European side to expand to new customers in Europe where recent regulatory changes are causing many companies to redesign their web presence. In addition to variants and translation, these further help Bridgeline differentiate the platform and multinational companies in addition to our unique B2B capabilities. A recent customer win is a manufacturer of office workspace accessories who is using Bridgeline to evaluate strategies for increasing B2B online revenues and improve branding through its website. Bridgeline's unique capabilities in the B2B space helped create this relationship and our continued innovation will provide additional value through the company's valuation process. In general, B2B companies make larger investments in their websites than their B2C counterparts. Bridgeline was…

Thanks, Ari. Today, I will review the financial results for the fourth quarter of fiscal 2018, as well as the results for the fiscal year ended September 30, 2018. First, I'll touch on revenue. Total revenue for the fourth quarter of fiscal 2018 was $2.8 million, compared to $4.2 million in the fourth quarter of last year. The following are some details of the various components of revenue. First, I'd like to talk about our license revenue. Total license revenue comprises our subscription-based licenses, or what we call SaaS licenses, and our perpetual licenses decreased to $1.2 million for the fourth quarter of fiscal 2018 compared to $1.8 million in the fourth quarter of fiscal 2017. We had approximately $269,000 in perpetual license sales in the fourth quarter of 2018 - of last year - excuse me, 2017 last year compared to only $8,000 in the fourth quarter of this year. As it is for most software companies, perpetual license can be inconsistent from quarter-to-quarter, but we do strive to offer our customer the choice of the type of license based on their organization and structure. Our SaaS revenue was $1.1 million for the fourth quarter of 2018 compared to $1.4 million in the fourth quarter of fiscal 2017. The primary reason for the decline is due to the loss of a larger customer who was acquired and therefore compelled to not renew their contract. Also contributing to the decline was the price negotiation of another large customer's contract to a lower rate. Our hosting revenue decreased slightly from $263,000 in the fourth quarter of 2017 to $206,000 in the fourth quarter of this year. The decrease in revenue was due to attrition related to customers that were obtained from prior acquisitions that we no longer wanted to support. Our…

[Operator Instructions] And I'm showing no questions on the phone lines at this time. I'd now like to turn the call back to Mr. Ari Kahn for closing remarks.

Thank you. Thank you all for listening and taking the time to join us for today's update. We appreciate the support and patience of all of our shareholders, and it's our goal to continue building a scalable business which in turn will build shareholder value. We are very excited about our strategy for 2019. Thank you for joining us today. We look forward to speaking to you again in our Q1 2019 conference call. Have a great weekend, everybody, and happy holidays.

Ladies and gentlemen, thank you for participating in today's conference. This does conclude the program. You may all disconnect. Everyone, have a great day.