The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Just broken through 6p.
Could get very interesting.
Another good link FBT1,THANKS....will not be long before all this contracts will come with very much welcome of some good revenue ....the current SP is still very attractive to add as the upside can be very rewarding IMHO.
Forbidden Technologies plc
1,084 followers
7h
We are excited to hear Field59 Video Solutions: A service of TownNews.com who incorporate hashtag#Blackbird as part of their platform have been nominated favorite Media & Entertainment Video Platform, by Streaming Media readers, vote now ! https://bit.ly/2ppkvcp, but be quick, polls close September 21st.
Cloud video streaming is a rapidly advancing market which is anticipated to witness a CAGR of 18.9% during the forecast period of 2017 to 2023. This projection, among others, has been made in Market Research Future's latest report on the global cloud video streaming market. The market is becoming increasingly competitive due to the cloud platform being easy to embrace for enterprises of all sizes, particularly SMEs. The growth of the market is anticipated to result in a market value of approximately USD 16.6 Bn by the end of 2023.
Key Players
Encoding.Com, Adobe Systems Incorporated, Microsoft Azure, Amazon Web Services, Akamai Technologies Inc., Forbidden Technologies, Haivision Hyperstream, Sorenson Media, and A-frame are some of the leading market players participating in the global cloud video streaming market. MRFR has profiled and recorded the market strategies employed by these players and their role in expanding the market. Product innovation, expansion of capabilities, acquisitions, and mergers are among the most employed market strategies with the highest impact.
Of Friday major news"...Absolutely!!!! blackbird is standing to be adopted now by many more companies and revenue stream could be massively bigger....once numbers will be attached to the new contracts this current SP will be vastly cheap....IMHO. added few more after yesterday news.
We continue to progress our OEM strategy, of which Townnews.com is a good example, with multiple discussions with other large scale North American companies.
Our core metrics are showing the rebuilding of this growth momentum.
In the first half of the year vs. the same period last year, we are showing revenue growth of 19% and invoiced sales growth of 38%, and we have deferred revenue growth of 73% from the beginning of the year. In addition, in North America, our core market for growth, invoiced sales have increased 100% in the first half vs. the same period last year, whilst our level of repeat sales as a % of total sales has grown to 65% vs. 54% in the same period last year.
We are confident in our cloud video OEM and infrastructure strategy, particularly in North America.
The global cloud video streaming market was valued at US$5.2 billion in 2016 and is expected to grow by 18.9% CAGR to US$16.6 billion by 2023. North America is the leading player in this market and the largest vertical segment is Media and Entertainment. (PR Newswire April 2018)
Our commercial successes in the first half of the year include expanding the use of Blackbird in the eSports industry with Production Associates' live pro-celebrity 'Fortnite' event in Los Angeles, and ESP Gaming, a content creation company based in Las Vegas where we are part of their regular infrastructure. We deployed Blackbird for the first time in a complete fixed rig and post production cycle in the UK and launching Blackbird in Japan with a Tier 1 telecommunications operator.
In addition, we have significantly expanded our relationship with TownNews.com to help Meredith Corporation deliver news content across 17 regional news networks (invoicing starts in October).
Revenue increased 19% to £377k for the six-month period ending 30th June 2018 versus £316k in the corresponding period last year. Invoiced sales increased 38% to £489k for the six-month period ending 30th June 2018 versus £355k in the corresponding period last year. Deferred revenue on the balance sheet (already invoiced, to be earned in future accounting periods) was up 73% to £252k compared to £146k at 31st December 2017.
Contracted orders and deferred revenue combined increased 68% to £648k from £385k at 31st December 2017.
In North America, our core market for growth, invoiced sales increased 100% year on year to £92k. Overall, invoiced sales in live sports increased by 59% year on year to £164k.
We start the second half with contracted orders including deferred revenue of £648k up from £385k at 31 December 2017.
This includes the significant six-digit deal with TownNews.com announced in June, for which the first sales invoices will be raised and revenue earned in October 2018.
https://www.investegate.co.uk/article.aspx?id=201809120700034713A
As part of our strategy to significantly increase our addressable audience and use cases, we have developed and launched a Mac version of the Blackbird Edge, which enables users to ingest content through a wide variety of devices ranging from a laptop to the latest iMac Pro. macOS Edge has already been used by multiple clients in testing and remote environments where bandwidth and connectivity is limited.
In order to future proof Blackbird and simplify onboarding, Forbidden will launch at the IBC trade show a JavaScript version of its Blackbird editing products, Forte and Ascent. These are designed to run in any modern computer and browser combination without installation or configuration.
To assist codec licensing, as well as publication and distribution using Blackbird, development of the Blackbird Player continues as we discuss its potential application with prospects.
The growth of commercial cloud, and the size of the major players involved, has created an opportunity to integrate more closely with cloud providers. At IBC, we will be showcasing the Blackbird Azure workflow used by Deltatre as infrastructure on a major US sport.
These four products mark a huge step forward technically. They dramatically increase our addressable audience and overall market opportunity as well as helping to future-proof the business. They position us well to add value in the fast-growing cloud market."
Post Period End Highlights
· Pilot successfully completed at North American broadcaster and sports rights holder
· Secured first customer in the fast growing localisation sector using our Blackbird Localisation Cloud solution for international OTT platform
· Renewal of the infrastructure contract with our large US New York based regional sports network
· Promising engagement in multiple discussions around OEM providers using our ultra-light video codec within their solutions.
· Exhibiting this week at IBC in Amsterdam on Microsoft's stand as a tier one partner of Microsoft Azure
Operational highlights
· New significant six-figure US deal with TownNews.com to provide production infrastructure to Meredith Corporation's 17 regional news networks reaching in excess of 11% of US TV households
· Increase in longer-term, higher value licensing contracts reflected in higher deferred revenue and stronger order book
· Expansion in eSports industry in US in live and post-event edit and production
· Repositioning of the business under the Blackbird brand
· Blackbird launch in Japan in a preliminary collaboration with a tier 1 telecommunications company
· Significant progress in our JavaScript transformation working with Leaning Technologies Ltd
· Technology alliance with Veritone, owner of aiWARE, to provide Artificial Intelligence for the generation of metadata for video search capabilities
Financial highlights
· Invoiced sales increased to £489k (6 months to 30 June 2017: £355k)
· Revenues increased to £377k (6 months to 30 June 2017: £316k)
· Deferred revenue increased by 73 per cent. to £252k from £146k at 31 December 2017
· Contracted orders and deferred revenue increased by 68 per cent to £648k from £385k at 31 December 2017
· Operating costs of £1,289k (6 months to 30 June 2017: £1,190k)
· EBITDA loss of £965k (6 months to 30 June 2017: £930k)
· Net loss before tax £1,274k (6 months to 30 June 2017: £1,166k)
· Year on year operational spend, including capital expenditure of £1,408k (30th June 2017: £1,331k)
· £5.44 million of net funds raised from the issue of 115,000,000 shares at 5p in June 2018
· Liquid funds of £6,197k at 30 June 2018 (31 December 2017: £1,752k)
The SP doent exactly have a history of going up on results day...but fingers crossed tomorrow may just be the spring board ...good luck to all holders
The forward statement looking into H2 will be VERY important and MUST be what projects interest, interviews and attention to the company and share
There HAS to be a sense that there is a LOT to play for in H2
IM has a good use of words and can deliver the sense of progress and the sense that the company is really getting closer to the bigger players, movers and shakers on that coveted West Coast
Come on Jeff Bezos ...empty a few coins out of your trousers and let us into the Amazon growing TV media ..there's a good chappy
Blackbird will prove to be a huge success....the current SP is hardly moving but as soon that information of figures will be attached to some further contracts wins this will change fast and strong....until then its adding time for me.
Tony Emerson, Managing Director, Worldwide Media & Entertainment, Microsoft Corp. said, "In today's demanding news, media and digital industry, our mutual customers depend on solutions such as Blackbird to increase speed to market. We are pleased Forbidden Technologies plc will make the Blackbird cloud platform available to Microsoft Azure customers, further enhancing their ability to create and manage digital content, while reducing production costs and fostering workforce flexibility."
Nice one...all ready for re rating here.
Taking front row seats for the H1 results and any RNS and interviews around the 12th ...
Only just seen to large late reported Buys from yesterday.
+910k @ 5.70
+865k @ 5.77
I see the potential but I have no idea how far it could go. I’m expecting the interims to be very insightful after a year of of our new CEO (including the post reporting period highlights). Like the directors buy ins and skin in the game. Good luck everyone.
I am very happy to see that after trialling Blackbird Forte for a year this major North American media company (again I wish I could name them) have recognised the power and flexibility Blackbird has brought to the production of a major North American sport. They have moved from pilot to implementation.
Razorman. I don’t think you can go wrong. Great first entry price. Miton chucked a load more money in at the last placing, plus new CEO and family got heavily involved. CEO has great credentials so must like what he sees, otherwise wouldn’t get family involved. It’s been a long time coming. The problem was Stephen Streater was so far ahead of the game, and now everyone is finally seeing that the cloud is the future so going to get very exciting. We must not forget that despite the placing the stock is tightly held so not much of a free float. When this goes it really moves. IMHO.