Blinkx Share Discussion Threads

[gowlane] 17/5/2016 07:55

Blinkx are always tantalising, never do quite as well as you hoped but give you a feeling that better times are just around the corner, only to disappoint again

Q4 was a real collapse, though they present it as seasonality, so one key question is has Q1 2017 recovered strongly from Q4 2016

on the other hand it seems that CPM prices doubled over the year, is this a seasonal thing too I wonder? They should know that, a key question for me

so if you apply those Q4 CPM rates and Q4 volumes to the next 4 quarters going forward, with the same seasonal fill rate %s as per last year you get quite a good result

but this would mean that the are smack bang in the middle of one of their best ever quarters - they would have to come right out and say that

which is very much NOT what they are doing it seems

[1gw] 17/5/2016 07:53

Certainly not everything I'd hoped for, but it reads reasonably well and at least there is a commitment to adjusted EBITDA profitability in FY17. Whether they're promising revenue growth is rather less clear.

"...set the stage for higher quality top-line growth...in FY2017"
"...that FY2017 will be a Period of revenue stabilization, with strong growth in Core revenues and a return to full year profitability" [footnote indicating profitability on adj EBITDA basis]."

The reference to "higher quality" and "strong growth in Core revenues" sounds like they're not quite ready to commit to growth in Core more than offsetting decline in non-core.

On first reading I am a bit concerned about the 4Q collapse in fill rate. Although they say this is "the seasonally-weaker calendar Q1", in the past they have talked about calendar Q2 being the weakest quarter haven't they? Has blinkx seasonality changed with the move to programmatic? Have to listen to what they say on the call about this.

[kendonagasaki] 17/5/2016 07:53

Shut it goat shagger!

[sikhthetech] 17/5/2016 07:52

They lost approx $81m due to non-core and currently approx 30% of revenue is non-core...so could lose another $50m of non- core this yr...So $130m was non-core...couldn't they have sold off the subsidiaries which were non-core...

[jonc] 17/5/2016 07:50

Rampity Ramp.

[midasx] 17/5/2016 07:49

With £54 Million in Cash, you get the rest of Blinkx for approximately £13 Million!

$40 Million in annualized cost savings going forward should see a good profit for the current year. Excellent growth in programmatic!

Can see Tosca taking control before the share price has chance to recover!

[sikhthetech] 17/5/2016 07:46

Revenues of $166.7m...Core is 70%...

[sikhthetech] 17/5/2016 07:41

Non-core reduced revenues by $60m...

[cromw3ll] 17/5/2016 07:40

Its good stuff indeed:

-- The RhythmOne platform ranks #5 in quality and #6 by volume, as measured by Pixalate (April 2016) and comScore (March 2016) respectively, featuring within the top 5% of the competitive set;

-- Introduced market-leading brand safety technology ("RhythmGuard") to ensure quality of traffic - inventory scores 97% clean by top measurement partners;

-- Enhanced viewability and verification measurement through technology integrations with leading traffic quality partners that include Integral Ad Science, DoubleVerify and Moat, and ad quality partners, The Media Trust and RiskIQ;

-- Added 27 programmatic demand side partners, including marquee platforms such as DataXu, MediaMath, BidSwitch, Criteo and The Trade Desk;

-- Expanded programmatic supply relationships - adding 38 new partners that include OpenX, Pubmatic, Sovrn, Rubicon Project and AOL;

-- Forged or expanded direct relationships with major brands such as UPS, Verizon, AutoZone, Macy's, JC Penney, Iams, Pedigree and Kellogg's Froot Loops;

-- Signed over 500 publisher partners, including Monster, Topix, Hubbard Broadcasting, The Daily Beast, Vice Media, Venture Beat and Mail.com;

[sikhthetech] 17/5/2016 07:39

no meeting of management expectations..

[lance corporal winstanley ash] 17/5/2016 07:38

Look at the programmatic traffic table. Consistent growth and cpm rates improving. Definitely a positive.

[cromw3ll] 17/5/2016 07:36

No denying the transition has gone well, as mobile is continuing to grow. the company is not going under as the doomsters imply, far from it, and yes it's taken time but this is definitely a recover play and I can see investors lining up once realisation sinks in.

[amt] 17/5/2016 07:31

At least they have stated that they expect to be cash flow positive, no ifs no buts.
So can monitor them against that target.
So 100m per annum turnover company should be worth more than its cash value.

[wheeze] 17/5/2016 07:30

Coulda bin better, but not going down the pan just yet.Worth at least 25p on basis of this morning's results ?

[alex1621] 17/5/2016 07:21

Possibly ... but I wonder if at the very least it puts a floor on the SP? Not going out of business anytime soon. And if cash becomes positive then I would expect a swift upward movement in the share price

[kendonagasaki] 17/5/2016 07:17

I guess it buys them some time. Can't see the share price moving up drastically any time soon. This may be where Tosca strike?

[alex1621] 17/5/2016 07:15

Results: expect adjusted EBITDA profitability by year end 2017?But not GAAP profitability. Cash is $78.5mRevenue down from 215 to 167 million usdLoss before tax 94.3m vs 24.8mAdj EBITDA loss of 10.5 m vs 3.5m profitHeadcount of 274 from 363Cash level positive. If cash is positive or neutral next year that is a positive. Headline numbers not great, cash okay, guidance okay. If they deliver?

[kendonagasaki] 17/5/2016 07:12

Morning Digi!Looks like they want another year to deliver?No forward guidance given.No mention of rebranding.No mention of Nasdaq.Inspiring....?Wait till bumbling Brian gives his speech today.

[geheimnis2] 17/5/2016 07:12

Loops won't like that TU!

[jonc] 17/5/2016 07:10

Not profits.

Adjusted EBITDA.

ie a loss after expenses.

Morning digi.

[fo67] 17/5/2016 07:08

"blinkx enters the new financial year in a strong, competitive position, with a product portfolio that is well aligned with Industry growth trends. The Company continues to anticipate that FY2017 will be a Period of revenue stabilization, with strong growth in Core revenues and a return to full year profitability"

[alex1621] 17/5/2016 07:00

Yes, but what do scaffolders think?

[sikhthetech] 16/5/2016 23:43

There is already Rhythmone LLC and it's that entity i would not want listed on Nasdaq on it's own...

[sikhthetech] 16/5/2016 23:40

1gw,I understood that you were referring to Blinkx re branding as RhythmOne...tbh, i would prefer the same...it'll make it a lot clearer...The current subsidiary situation makes it difficult to understand what's what..

[1gw] 16/5/2016 23:20

STT - for the avoidance of doubt, my post was suggesting blinkx plc rename itself as RhythmOne before listing the whole company on Nasdaq, rather than float RhythmOne as a separate entity. I suppose floating just the business which is currently branded as RhythmOne would be another option, and in the past I have perhaps speculated on the possibility of floating off part of the business, but I think pretty much all of the valuable stuff is in what is now branded as RhythmOne.