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The recent investor discussions surrounding Blackbird Plc (BIRD) reflected a mix of enthusiasm and skepticism, with a focus on the company's innovative video technology and its scalability against competition. Many investors highlighted the significant potential of Blackbird's Elevate platform, emphasizing that its core architecture is uniquely built for hyperscale performance, which could set it apart from existing solutions. Nickb passionately defended the technology, stating, “It’s going to be frictionless between services,” suggesting deep confidence in Blackbird’s capabilities. Another investor noted, “At 15p two years ago, Elevate only existed on a piece of paper,” underscoring the rapid progress of the company.
Financial insights revealed that Blackbird currently has nearly £10 million in cash, lending some stability to stakeholders concerned about future funding rounds. The discussions were predominantly optimistic, with some investors predicting that even if short-term challenges arise, the stock could experience significant upward movement when the market recognizes its value. One investor remarked, “Ok, at some point, Bird is going to go ballistic. None of us know that point yet, but when it comes, hold on tight.” However, dissenting voices cautioned about the challenges Blackbird faces in convincing major players like Adobe of their platform's viability. This mixture of fervent optimism and caution paints a nuanced picture of investor sentiment, indicating a robust belief in Blackbird's future potential despite ongoing market uncertainties.
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Blackbird Plc has made significant strides in expanding its user base for its online collaborative video editing platform, elevate.io, which has surged to over 40,000 users spanning 120 countries as of mid-November 2024. This dramatic increase in users, which rose from 800 in September, can be attributed to targeted marketing efforts and the platform's inherent features that cater to content creators in a burgeoning market. Blackbird's CEO, Ian McDonough, emphasized the company's position to fill a substantial gap in the content creation landscape with its innovative technologies, which also possess defensible patents.
Financially, Blackbird continued its transformation towards a Product Led Growth (PLG) strategy, evidenced by the interim results released for the six months ending June 30, 2024. The company reported narrowing losses and laid a foundation for accelerated development of elevate.io, which is continuously revised to enhance user experience. In addition to user growth, Blackbird was selected for Innovate UK's Global Business Innovation Programme (GBIP), allowing executives to attend the prestigious South by Southwest (SXSW) Conference, which is expected to bolster international market visibility and networking opportunities. Overall, Blackbird's recent developments reflect a proactive approach to scaling its business and solidifying its position in the competitive landscape of cloud video editing technologies.
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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. |
Invest 360, |
"Geheimnis211 Nov '24 - 21:05 - 21491 of 21491" |
Invest360 |
I am saying woooooooooshhhhhhhhh |
I’m saying both/and. |
I get it, but I can only imagine that Figma had to have a lot of core competencies for it to even be considered. Only then can collaboration come to the fore. You can’t have a really basic system where collaboration is the only thing. |
@NickB |
One feature that could/ should be added is XML /EDL export |
Type | Ordinary Share |
Share ISIN | GB0004740477 |
Sector | Computer Programming Service |
Bid Price | 4.50 |
Offer Price | 5.50 |
Open | 5.00 |
Shares Traded | 542,272 |
Last Trade | 00:00:00 |
Low - High | 5.00 - 5.00 |
Turnover | 1.94M |
Profit | -2.49M |
EPS - Basic | -0.0064 |
PE Ratio | -7.81 |
Market Cap | 19.35M |
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