Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Sweepydog2,
it is a great partnership team
Sumit knows Stephen Streater from way back so knew of his work and what Blackbird has created with the Enterprise product .... and got a lot of their knowledge/experience creating VEGAS software , from where he moved from with Mo
With BIRD taking on a number of skilled and experienced engineers and product designers etc and talking to a huge number of people I think it sounds like a strong team collaboration
Sumit is an excellent communicator and skilled in getting to know the intended customer and their needs...he seems to be a stickler for detail and excellence and Mo is much the same too with his area of excellence
I doubt anyone could create what they have built , from scratch, within the time frame and budget
I got the impression from listening to Sumit and Mo that they had spent a lot of time and effort on what is now elevate.io before they approached BIRD. They chose BIRD because it could deliver what they wanted the product to offer. So BIRD is basically providing the conduit rather than the bells and whistles. These guys have a track record, they know how to deliver and they already had a good idea of what the end customers would like to have from their contacts. I have a vague recall that they know significant influencers and if so that could cause the adoption of elevate.io to snowball very quickly.
I think the product will work pretty well, even during testing....the testing may though provide further feedback on ease of use and user preferences etc, rather than there being too many bugs to sort out ...
Yes, it remains to be seen how well it is received....however...they did talk to over 300 people during the development stage to get views,opinions,feedback etc ..in order to provide what people wanted in such a product......in terms of marketing, social media,blogs,forums etc certainly seems to spread the word around these days within a sector
I think we can safely assume that the technology will work well enough once it is released. The bigger questions are things like:
- How readily will users ditch their existing systems and move across, especially if they've invested time learning to use the old software.
- How might competitors react
- How much will it cost in marketing to get the user numbers up and how quickly will they reach 1k, 10k, 50k, 100k
Hopefully, these latter questions have been fully explored over the last year too.
That's all well and good but that's before the closed door testing that's going on as we speak. As far as I'm aware there's not been any leaks from that testing?
" What reviews are you talking about? "
Some who attended the Investor Product Presentation came back with very positive reviews and were impressed with what they saw
What reviews are you talking about? I haven't seen anything so far.
" a company that's losing cash "
well yes, true......but they are .... investing cash.....rather than merely losing it .... and their new product is ready for launch in Q1 2024
but..yes ..they certainly need a good start with it and very positive reviews......which looks very possible given comments made so far , from a limited few who have seen/tested it
They certainly have prepared well , so.... next year awaits .....
Presumably people want to see better financials before they want to invest? No normal person would invest in a company that's losing cash and is relying on a product that's not even released to market yet.
Stock market moving in right direction nicely Blackbird stagnant is this still a viable company seems winning awards does very little for the company.
It must be a strange time for the company - seeing their share price close to historic lows, but at the same time feeling that their prospects are stronger than ever. LSE showing buys as sells again today :-)
What's everyone's thoughts on the CMA's announcement today?
A really positive interview in which I thought Ian came across well, he clearly has a good understanding of the vast
market opportunities for the new product.
I bought yesterday, and today at 7.245, but all showing as Sells.
Hmm interesting, wonder what the share price will be at open, I'm hoping to load up another 100k shares tomorrow
Some of that recent selling was recent buying - mine. I had 2 tranches at 6.98p.
I suspect some other trades were also labelled incorrectly.
I can only assume the cost of living crisis is what's causing people to sell their bird shares, anyone else any ideas why people would sell so close to launch?
Likeitornot.
Totally agree.
This is proper under the radar.
They have a target of a million paying subscribers per month.
The numbers are potentially huge.
Basic package $12.99 per month, and between $30 and $60 for professionals.
They believe they are the next Figma for video.
Adobe currently trying to buy Figma for $20 billion.
hTTps://www.blackbird.video/
The chances of their success with their new product....should be somewhat improved...if indeed 2024 is seen as the year out of the downturn and a move towards the start of a new economic growth period
Launching in a troublesome 2023 would probably not have been a good idea and they seem to have realised that
Exactly! It's just a matter of time now, they seem to be doing everything right, watching money and making deals that should highlight their product without massive marketing expenses. Here's hoping to a great 2024!
Blackbird is a sleeper for sure if you mean 'a treasure waiting to be discovered'.
Having done some digging, I've no idea why anyone would want to be selling at this point. But thankfully they have and I've been able to build up a decent holding over the last month or so.
Their new product has massive potential. Check out Capcut (and its limitations), Tiktok's all-in-one video editor launched in 2019. This has close to 500 million users and now generates $100m in revenues. Elevate will be positioned above this, aimed at the global prosumer market.
If the BIRDs get this right, it will be transformational for their business.
Definitely not slumber mode, lots going on behind closed doors. I'm currently waiting on my pension to transfer to a sipp so I can increase my holdings. Can't wait to see how blackbird skyrockets next year.
Markets moving up nicely has Blackbird moved into a new business ,perhaps beds and matrasses as they seem to have gone into slumber mode.
No contract win RNS's here boss.
A gentle easing into the end of Q4 before the pace is picked up in early '24 and then all eyes on those paying subscriber stats.