2 Jul 2014 07:29
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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
2 Jul 2014 06:50
Blinkx warns on first-half earnings, critical blog hits demand
(Adds details, analyst reaction) LONDON, July 2 (Reuters) - Blinkx Plc, which provides video search and advertising, warned on profit on Wednesday, blaming industry-wide concerns about the effectiveness of some kinds of Internet advertising, compounded by a critical blog about the company.<
Read more13 May 2014 09:08
Tuesday broker round-up UPDATE
Aberdeen Asset Management: Espirito Santo ups target price from 514p to 550p maintaining its buy recommendation. Asia Resource Minerals: JP Morgan starts with a target price of 210p and a neutral rating. Babcock International: Credit Suisse initiates with a target price of 1350p and an outperform
Read more13 May 2014 09:07
UK BROKER RATINGS: Credit Suisse Initiates Babcock With Outperform
LONDON (Alliance News) - The following UK shares received analyst recommendations Tuesday morning:
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FTSE 100
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BERENBERG RAISES CAPITA GROUP PRICE TARGET TO 1160 (1060) PENCE - 'HOLD'
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MORGAN STANLEY RAISES CAPITA GRO
13 May 2014 07:29
UK MORNING BRIEFING: Taylor Wimpey Leads Strong FTSE 250
LONDON (Alliance News) - Mid-cap stocks are leading London equities higher at the open Tuesday, following a strong lead in from the US and Asia, particularly Tokyo.
Taylor Wimpey is leading the mid-cap FTSE 250, up 5.7%, after saying it expects to deliver a big incr
6 May 2014 08:34
Blinkx Buys LYFE Mobile; Profit Up But Warns On Cost Increase
LONDON (Alliance News) - Internet media platform Blinkx PLC Tuesday said it had bought mobile and data management platform LYFE Mobile, as it reported higher profit and revenue for its last financial year but cautioned that costs are set to ramp up further due to investments in new technology.Read more
6 May 2014 08:14
Blinkx tumbles as profit falls, confirms Lyfe Mobile acquisition
- Shares sink after fall in full-year profit - Acquires LYFE Mobile for undisclosed sum - Strong rise in revenue for the period Shares of the online video provider Blinkx sank over 10 per cent as it said full-year profit attributable to equity holders fell and after it confirmed that it has bought
Read more6 May 2014 07:33
UK MORNING BRIEFING: Barclays Results Dragged Down By Investment Bank
LONDON (Alliance News) - UK shares have opened marginally higher Tuesday despite growing tensions in Ukraine but following a modestly positive lead from Wall Street on Monday.
Several major UK companies have provided quarterly updates early Tuesday.
BarclaysRead more
6 May 2014 05:30
UK Earnings, Trading Statements Calendar - Week Ahead
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| Read more 2 May 2014 15:17 UK Earnings, Trading Statements Calendar - Week Ahead
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