10 Sep 2013 08:43
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Don't have an account? Click here to register.Blinkx sinks as breakeven proves elusive
Tue, 05th Apr 2016 09:26
(ShareCast News) - Blinkx disappointed investors with a trading update that dashed hopes that the third quarter return to profitability would continue into the final months of the financial year.For the full year to the end of March, the digital advertising technology specialist said it expected to generate revenues of $165-170m, having made $91.4m in the first half-year.Ahead of full year results in mid_May, Blinkx said 2016 adjusted losses before interest, tax, depreciation and amortisation (EBITDA loss) were pencilled in at $10-11m.Although at the half year the AIM-listed company recorded a $6.8m EBITDA loss, in January it had boasted that increased product revenues and cost cutting had led to profitability ahead of management expectations and break-even adjusted EBITDA.But the fourth quarter had seen what the company called "anticipated fourth quarter seasonality", which combined with a continued acceleration of the withdrawal from non-core product lines to 30% of total revenues by year-end, compared with over 50% in the previous year.Blinkx is now increasingly focused on programmatic advertising, where revenues have grown 66% in the year such that programmatic and video, which includes mobile, now constitute over 50% of total revenues, with recent rebranding under the RhythmOne brand.Cash at year end was $76m (£53.5m), which compares to a market cap of £72m.Chief executive Brian Mukherjee said: "FY2016 has been a transformational year for the industry and the company. We believe that we now have the technology, talent and relationships in place to scale both organic and inorganic growth as the Industry continues to evolve and consolidate."Through strong cost discipline and a strategic focus on Core mobile, video and programmatic products we are now well aligned with broader structural market trends."
More News
4 Sep 2013 16:17
Burberry non-exec buys as Blinkx director sells up
Burberry non-Executive Director Matthew Key on Tuesday purchased 1,260 shares in the fashion group. The transaction was made at 1,568.66p a time for a total of £0.2m. Back in July the group said that it was pleased with its first-quarter retail performance which saw underlying revenues rose 18 %
Read more3 Sep 2013 11:13
Tuesday broker round-up
ASOS: Exane increases target price from 5000p to 6000p and keeps an outperform rating. Associated British Foods: Exane upgrades to outperform with a target price of 2400p. Balfour Beatty: Berenberg ups target price from 270p to 300p and retains its buy recommendation. Barclays: Berenberg takes ta
Read more9 Aug 2013 07:29
Friday broker round-up UPDATE
Aquarius Platinum: Deutsche Bank lowers target price from 63p to 60p keeping a buy recommendation. Ashmore Group: HSBC ups target price from 400p to 435p, while keeping overweight rating. ASOS: UBS raises target price from 4600p to 6000p staying with its buy recommendation. Aviva: Bank of America
Read more26 Jun 2013 10:57
STOCKS NEWS EUROPE-FTSE AIM index flat mid-session
The FTSE AIM All Share index is flat in mid-session trade, underperforming the FTSE Small Cap index, up 0.3 percent, and the midcaps, which advance 1.3 percent. Blinkx drops 6 percent after software firm Autonomy - owned by U.S. computer maker Hewlett-Packard Co. - said on Tuesday it sold i
Read more25 Jun 2013 18:46
UPDATE 1-Autonomy sells remaining stake in video website Blinkx
LONDON, June 25 (Reuters) - Software company Autonomy, owned by U.S. computer maker Hewlett-Packard Co., said on Tuesday it sold its remaining stake in video search engine group Blinkx Plc. Autonomy said it sold 45.7 million Blinkx shares at a price of 120 pence per share, in a deal valued
Read more25 Jun 2013 15:56
Autonomy to sell remaining stake in video website Blinkx
LONDON, June 25 (Reuters) - Software company Autonomy, owned by U.S. computer maker Hewlett-Packard, said on Tuesday it planned to sell all of its remaining stake in video search engine group Blinkx Plc. At Tuesday's closing share price of 126 pence, the sale of 45.7 million shares would be
Read more13 Jun 2013 16:09
Three blinkx execs cut stakes after strong share-price rise
blinkx, the AIM-listed internet video platform, saw three of its directors each offload a large chunk of shares in the firm this week, as they sought to take advantage of the stock's impressive performance so far this year. The company, which powers video search engines on sites like Ask.com and AO
Read more12 Jun 2013 12:00
blinkx partners with Ustream for live Bonnaroo broadcast
AIM-listed internet media platform Blinkx has formed a partnership with technology platform Ustream, for live social video streaming. Blinkx said that through the partnership, Ustream events would now be available live on blinkx.com. To kick off both the partnership and 2013 summer concert seaso
Read more14 May 2013 08:04
Tuesday broker round-up UPDATE
Babcock International: Jefferies increases target price from 1080p to 1250p and maintains a buy recommendation. Barratt Developments: Bank of America takes target price from 265p to 325p, while downgrading to neutral. Belgravium Technologies: WH Ireland places both its target price and its neutral
Read more13 May 2013 11:36
Blinkx posts record annual results
Internet media platform Blinkx reported record annual results as the company benefit from growth in online. Pre-tax profits, including adjustments for acquisition and exceptional charges, came to $24.6m for the year to March 31st 2013, an 129% increase on the prior year's $10.7m. Revenue rose by 7
Read more13 May 2013 08:35
STOCKS NEWS EUROPE-Blinkx at 18-month high after full-year beat
Shares in Blinkx rise as much as 5 percent to an 18-month high of 114 pence after the video search engine post full-year results ahead of its own guidance and market forecasts. Core earnings more than doubled to $30.2 million, beating the $26 million the company guided last month, while rev
Read more13 May 2013 07:18
Monday broker round-up UPDATE
Bioquell: Investec shifts target price from 136p to 141p and keeps a hold recommendation. blinkx: Canaccord Genuity moves target price from 125p to 135p reiterating its buy recommendation. Britvic: Panmure Gordon increases target price from 380p to 460p and retains a hold recommendation. BT Group
Read more24 Apr 2013 09:40
Blinkx books Olympic quadruple jump in earnings
Video search engine Blinkx has said it expects to deliver a 400 per cent increase in earnings per share thanks in part to boosts from the London Olympics and the US presidential election. Blinkx, which powers video search on AOL.com and was spun out of Autonomy in 2007, said basic earnings per shar
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