Blackbird Share Discussion Threads

[bonio10000] 04/3/2020 11:10

Of course, if about $750k of that is Bloomberg over 5 years - that means not very much is going to appear in the annual accounts moving forward.

Which is why, in isolation, it is an interesting but floored measure.

What we really need is a split of how the $2m will be recognised.

[bonio10000] 04/3/2020 11:08

I assume you release the revenue over the 3 years. Equally, unless there is a reason to allocate more to certain years.

[chriscallen] 04/3/2020 11:02

Most of the State Dept. income and all of the Bloomberg income will be in the deferred numbers as will a goodly part of the A+E Deal simply because they have not had time to deliver enough service to get it in recognised income for 2019 by the time the placing happened. So the 2019 accounts will mainly comprise the base revenues from existing customers at the end of 2018 plus any extra work they won from them. 2020 will include the bulk of the 3 2019 RNS wins and and a good part of any wins recorded before the end of April 2020 plus any expansion from the likes of Deltatre and Town News. That's why they deferred the publication to the end of April when the income stream should have improved for 2020 H1 and they can say how much the wins they announced at NAB are likely to impact on 2020. Just shows how the best laid plans can be hit by "unknown unknowns" which is a lesson for all of us.

NickB The principle is that deferred income is recognised as the service is delivered. Usually invoices show the flow but if it is say a £2.5M deal over 5 years with no delivery terms specified I would expect it to be recognised at £500K per 12 mth period which in Bloomberg's case pretty well matches the calendar and BIRDs accounting year. Auditors will be very wary of over allowing the recognition of income up front.

[nickb] 04/3/2020 10:40

Farr
A lot of those deals are foot in the door they have huge internal growth in themselves.
These are massive media companies so once in the door sales should be much easier.

Imho

[bonio10000] 04/3/2020 10:40

Far1066

After closing this deal, Blackbird's contracted order book and deferred revenue stands at GBP2.01 million, a record level for the Company and three and a half times larger than at 31 December 2018

So £2m is the contracted income not booked in the accounts, but due in coming periods.

The question is how much of that drops in 2020 and how much is for multi year deals (Bloomberg?) that will be recognised over multiple years.

It is an opaque metric.

[nickb] 04/3/2020 10:37

The more Blackbird gets used the more it will get taken up by others.
Its take up virally spreads😂

[bonio10000] 04/3/2020 10:15

Well, USA revenue was up to £160k for the 6 months.

So can't be far off.

[bonio10000] 04/3/2020 09:14

Yeah - they wouldn't get away with BS about an avalanche of deals.

[cabi1] 04/3/2020 09:11

Lucky they did the placing at 14p, because they would have no chance now.

[nickb] 04/3/2020 08:53

Farr
Exactly and I suspect the same as sporting events as the global video views far exceeds the stadium.

We also have remote cloud working!

[bonio10000] 04/3/2020 08:52

Looks like I was a day off with my 0.25p rise.

Sure - it is all Coronavirus.

Nothing to do with the fact BIRD cannot seal deals.

[nickb] 04/3/2020 08:51

NAB News flow will still happen imho which is what’s interesting to us, My guess is that NAB events and product demos will video stream online, hey these are the companies who make video happen!

[cabi1] 04/3/2020 08:45

NickB. With NAB possibly being cancelled plus sporting events etc people getting nervous. They are probably quids in anyway and bought at 7p.

[nickb] 04/3/2020 08:29

A fair amount of selling at the open for some reason.

[cabi1] 04/3/2020 07:56

Interesting.

[bonio10000] 04/3/2020 07:34

I think this was a topic of conversation a while back:

[nickb] 03/3/2020 23:56

100% dead if you’re dead!