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Discussions among investors in Blackbird Plc (BIRD) reveal a mix of cautious skepticism and occasional optimism regarding the company's future. One noteworthy sentiment expressed by multiple investors is frustration over the company's current financial performance; as one remarked, "£18m is one hell of a Market Cap for a Company with Revenue of: Zero." This sentiment reflects concerns about the company's ability to generate consistent profits, despite some revenue streams from Blackbird M&E, indicating that investor confidence is significantly impacted by the lack of tangible financial results.
Several contributors pointed to the long-term potential of Blackbird's technology and partnerships, with a particular focus on their ambitious elevate.io platform. A recurring theme was the hope that proving monetization capabilities would attract "serious investors," as expressed by one investor: "Serious investors are only coming onboard when IM can prove he can monetise elevate.io." A degree of skepticism remains high, as many worry about short-term price volatility and the effects on potential new investors, suggesting that without solid news or clarity, "today’s price action will just put even more investors off of investing in BIRD now." Overall, investor sentiment seems to be teetering between cautious hope for future developments, like the significant Tata deal mentioned, and immediate apprehension regarding the stock's current standing and market perception.
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In recent news, Blackbird plc (AIM: BIRD) has reported a significant surge in user adoption for its online collaborative video editing platform, elevate.io, which has now reached over 40,000 users globally, a remarkable increase from just 800 users in early September 2024. This rapid growth aligns with Blackbird's strategy to capitalize on the vast market of content creators, leveraging patented technology to enhance elevate.io's competitive edge. CEO Ian McDonough emphasized the platform's user-friendly and collaborative features, positioning it to cater effectively to the creator economy.
Additionally, Blackbird has made strides in its business development, being selected for Innovate UK's Global Business Innovation Programme, which will facilitate participation in the South by Southwest (SXSW) Conference in March 2025. This initiative underscores Blackbird's commitment to innovation and market expansion. Financially, the company is transitioning to a Product Led Growth (PLG) strategy, having reported positive early results in its interim financials for the first half of 2024. This included narrowing losses and a solid performance in user growth, setting a promising trajectory for future revenue generation as the product continues to evolve and gain traction among users.
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Invest360 |
Zydecoco |
Doesn't look like bickering to me, or maybe I am missing something, it looks like people seeing a channel for constructive product input and visibility of product development for better user experience. |
At this stage, a product roadmap would be a fine thing. Then we could all stop bickering |
Thanks for your advice, NickB. Though, I’m not a professional editor and I have no idea how to use a graphics package and import a GIF into the video. It all sounds rather daunting, and exactly the kind of thing that I thought elevate was there to eliminate. I currently do all that all in one place in Camtasia. That’s why I was so excited about “everything you need and nothing you don’t.” I automatically assumed that the bottom third would be one of the first things to arrive (exactly what they need to do to enable 2000+ journalist and producers at Bloomberg, IMHO). Then I was looking forward to some fancy video-to-text and text-edit-to-autocon |
Cheers NickB. |
Can you start a thread now, so I can filter SSB? |
MK |
cheers pat - 14k posts - busy little bees! longest drum roll over, as somebody once said. one day rodney... |
Welcome back mk - good time to take 2.5 years off - you haven’t missed much. Only 14,000 posts to review and half of them are SSB’s charts, so shouldn’t take long. |
hey folks - long time |
Pat |
NickB - would it make sense for them to introduce the option to duplicate an existing project? I don't think you can atm…? If you could then you could upload your various digital brand assets, arrange them in different ways on the timeline, and then every time you want to create a new video you could duplicate that project and work from there, deleting what you don’t need…it’ |
I think the company generally gets most of its shareholder feedback from the GUILD, but especially the CULT, threads. |
Invest360 |
Invest360 makes a good point, as a user, about currently missing essential features of elevate.Is there a good route or channel anyone here knows of to get that feedback into the company and actioned? |
Thanks pat_cash for explanation. |
Again, just to be clear, I’m a huge fan of Blackbird, elevate, SS, IM and SR. I’ve also invested an awful lot of money so you know where my loyalties lie. That doesn’t say it blinds me to what appears to be fairly obvious IMHO. I can’t tell you how keen I am to introduce elevate to my company. Not yet though. I believe/hope that all is in hand. |
NickB. Elevate is an excellent product! It just doesn’t have enough for me to use it just yet. One of the core things we do is interviewing delighted clients and creating video clips. We may spend an hour interviewing to get two minutes. At the moment I can’t differentiate video clips on the timeline because there is no splurge feature or thumbnails. Then, I have no way of dealing with the bottom third. How does the video introduce who a client is and their company logo? I can do that in a thrice on Camtasia, and we’ll continue to use it until elevate can add some of these core features. There’s no way that nice-to-have collaborative editing trumps have-to-have features. |
Just to be clear, I think Sumit is a class act. Of that there is no question. |
The broadcasters and events are using Blackbird’s tech via the Blackbird editor or it embedded in a partner’s product e.g. EVS, rather than elevate.io itself. So they probably don’t feature the logos on the elevate.io website as it would be misleading. Once they start signing up corporate accounts or decent creators to elevate.io I imagine they’ll feature them as social proof. |
I've been watching this for a while. Have just looked at the website and elevate interface - pretty smooth.Does anyone here have a channel to the company? The website says "trusted by the world's biggest broadcasters and events"Constructivel |
Chris |
The technology works, there is a very competent team in place to deliver a world beating product, all of the direcors have been successful in the past. The only questions as yet unresolved when the paying software is released are: how fast users can be recruited and how many will become paying customers. On that score now 2 of the NEDs have the experience and skills to make BIRD fly. |
Agreed. The management here must be one of the best on AIM, which is full of chancers. That doesn't guarantee success by any means, but at least it gives us the best shot. |
Type | Ordinary Share |
Share ISIN | GB0004740477 |
Sector | Computer Programming Service |
Bid Price | 5.00 |
Offer Price | 5.50 |
Open | 5.25 |
Shares Traded | 483,062 |
Last Trade | 08:00:00 |
Low - High | 5.25 - 5.25 |
Turnover | 1.94M |
Profit | -2.49M |
EPS - Basic | -0.0064 |
PE Ratio | -8.20 |
Market Cap | 20.32M |
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