Blackbird plc

FBT

GB0004740477

Software

Delayed London S.E. Other stock markets 03:11:02 2024-04-29 am EDT			5-day change	1st Jan Change
5.9 ^GBX	+2.61%		+12.38%	-1.67%

Mar. 26	Blackbird plc Announces Change of Registered Office Address	CI
Mar. 26	Blackbird launches "disruptive" platform for multibillion market	AN

Blackbird annual loss widens as revenue dives; positive about future

March 05, 2024 at 10:36 am EST

(Alliance News) - Blackbird PLC on Tuesday struck an optimistic tone about the future despite reporting a sharp dive in revenue and a widening of loss.

The London-based technology licensor, developer and seller of cloud video editing platform said pretax loss widened 29% to GBP2.6 million from GBP2.0 million. Revenue fell 32% to GBP1.9 million from GBP2.8 million.

Looking ahead, Chief Executive Officer Ian McDonough said: "I am very excited about 2024 and progressing elevate.io to general release. The creator economy represents a massive opportunity for the company to open up our addressable market and, through elevate.io’s self-service model, we anticipate this significantly accelerating our revenue growth".

Blackbird shares fell 5.5% to 5.91 pence each on Tuesday afternoon in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Latest news about Blackbird plc

Blackbird plc Announces Change of Registered Office Address	Mar. 26	CI
Blackbird launches "disruptive" platform for multibillion market	Mar. 26	AN
Blackbird Launches New Content Creator Tool elevate.io	Mar. 26	MT
Blackbird plc Announces General Release of elevate.io	Mar. 26	CI
Blackbird annual loss widens as revenue dives; positive about future	Mar. 05	AN
Earnings Flash (BIRD.L) BLACKBIRD Posts FY23 Revenue GBP1.9M	Mar. 05	MT
Blackbird plc Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 05	CI
Blackbird plc Announces Directorate Changes, Effective 6 March 2024	Mar. 04	CI
Blackbird seeks funds via placing to support development of elevate.io	Feb. 29	AN
Blackbird plc Plans Share Placing to Fund Growth of Content Creation Tool	Feb. 29	MT
Currencies: The end of consolidation is imminent for the USDZAR	Feb. 26
Blackbird hails "fantastic" early feedback for elevate.io	Jan. 16	AN
Blackbird to Delist From US OTCQX Best Market	Dec. 22	MT
Australian Shares Rise as Retail Spending Slips, Job Ads Continue to Fall	Dec. 13	MT
Nightingale Intelligent Systems to Supply AI Drones to Largest Police Department in the US; Shares Jump 5%	Dec. 12	MT
Blackbird plc Launches Early Access Testing for Creator Platform elevate.io	Nov. 16	MT
Blackbird plc's elevate.io Enters Early Access Phase	Nov. 16	CI
Blackbird announces new SaaS tool elevate.io	23-09-14	AN
Blackbird plc Announces New Creator SaaS Product, elevate.io	23-09-14	CI
Blackbird hails deal with OEM partner for 2024 global Summer Games	23-09-11	AN
Blackbird plc Announces Deal with OEM Partner for 2024 Global Summer Games	23-09-11	CI
FTSE 100 Closes Down 0.2% Despite Rebound Driven by Energy Stocks	23-09-05	DJ
Sterling Weakens as China Concerns Grow	23-09-05	DJ
Blackbird shares drop as reports widened interim loss, lower revenue	23-09-05	AN
AIM WINNERS & LOSERS: Blackbird revenue drops 36% in first half	23-09-05	AN

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Company Profile

Blackbird plc is a United Kingdom-based technology licensor, developer, and seller of a cloud-native video editing platform. The Company operates in the software-as-a-service (SaaS) and cloud video markets. The principal activity of the Company is the commercial exploitation of cloud native video technology via the Blackbird platform and the licensing of the technology to a third party. It has created Blackbird, an advanced suite of cloud-native computing applications for video. Its technology allows for frame accurate navigation, playback, viewing and editing in the cloud. Blackbird enables multiple applications, which are used by rights holders, broadcasters, sports, and news video specialists, esports, live events and content owners, post-production houses, other mass market digital video channels and corporations. It also allows full visibility on multi-location digital content, improves time to market for live content, such as video clips and highlights for digital distribution.

Sector

Software

Calendar

2024-09-08 - Q2 2024 Earnings Release (Projected)

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