Hey, Bear,
I read something about Bridge maybe a couple months ago but the story wasn’t about the company and had more to do with learning and teaching. I can’t find it now since my pc’s are acting up and had to be put in time out, so my browsing history is … well, history.
First thoughts:
it is a very small company, less than a $1B mkt cap, and there’s just not as much information out there about it as many others
Since you like their growth story (and numbers) this shouldn’t be too much of a problem. In fact it could well be a huge advantage IMO (if they are successful longer term) because no one knows much more about them than you. What I wouldn’t give to have caught many companies at that very stage…NFLX, MSFT, SHOP, AMZN, INTC, etc., etc. Yes, if you have enough cash to invest with, one might still get rich owning NFLX. But the folks who ponied up even $5k at the earliest stages and kept the shares, are truly rich and may have started with nest to nothing. Personally I don’t have a big war chest, so I’m shooting with the “Buy early” strategy (but never early enough to hit it really big.)
It is a new position for me. I like to build my position as I learn about a company. As much as I like the value here, I have to remember not to let it get too big too fast.
Ah, heck, quit complaining and let it grow fast! 
I find it a lot easier to follow and learn about a company while owning it than watching from afar. Plus, if we watch from afar and the company is wildly successful, we also get to watch the price shoot skyward without us on board. Been there done that may times, never could afford the t-shirts.
They seem to have a large increase in AR during Q2 each year.
Yes, that’s a possible problem, but only if clients start to back out of the deals in meaningful numbers, so it bears watching closely IMO. Otherwise, “sales is sales” and sales are good. Might pay to follow up on their precise terms when someone signs on the dotted line. Is it refundable, and under what conditions, etc.? And how many do back out?
I don’t know much about the company (I will though.) Otherwise, I like the way you approach new-to-you companies and without crunching the numbers, could consider some of your negatives to be very much positives. Be aware I’m likely biased as this is pretty much the way I learn and earn too.
Always appreciate your sharing, but maybe even more than usual now, as I’m sitting on a pile of cash and you know how I hate to have money that isn’t working for me.
Dan