Ft Fbt Discussion Threads

[paulcon1] 12/9/2018 08:31

Bonio

'Revenues increased to GBP377k (6 months to 30 June 2017: GBP316k'-

Not sure where the 80% increase is.

'Net loss before tax GBP1,274k (6 months to 30 June 2017: GBP1,166k)'

We were both WAY OUT and should apologise for misleading posters

GL

[nickb] 12/9/2018 08:26

SSB
No idea if we will hear anything contracts wise at IBC but it should be a good one.

High profile Microsoft Azure partner stand which will have a high quality visitor traffic. Also Ian and Jeff doing a stage presentation.
These get VIP industry visitors.

java script version launches so opens up more sales opportunities.

No mention of our technology being used for drone strikes that Mcsean was concerned by. #fakenews

[chriscallen] 12/9/2018 08:24

The numbers are best illustrated by TownNews, which was described as a 6 figure contract when it was announced. But now we know that work on it will start to roll out in October. So at best this year will see only 25% of the income earned the rest going into deferred income until the work is done (and that assumes the contract is for 12 mths). So for the half year we see the figures for invoiced sales and turnover rising but the deferred income rising faster, demonstrating that new contracts are falling at least partly into 2019 and beyond. Given that IM wants bigger (and longer) contracts this phenomenon will increase in the accounts.

Did anyone else miss the roll out of Blackbird by a Tier 1 telecom company in Japan as I did when it was announced? I thought it was an internal trial but this RNS seems to say it is being used by their customers or am I reading that wrong too?

[bonio10000] 12/9/2018 08:17

Lol at market reaction.

Still, Nickb can bang on.

[sideshowbull] 12/9/2018 08:13

Hope we hear something juicy from IBC.

[nickb] 12/9/2018 07:58

Cabi
Yes those multiple discussions with large scale North American companies is what the real future sales story is about but that doesn’t show up in last years numbers.

[cabi1] 12/9/2018 07:55

Agreed NickB. As expected.

[nickb] 12/9/2018 07:51

Financials as expected as far as I’m concerned and they are all looking at the past.

All about the Technology!


Importantly our new products get launched this week at IBC and that’s a big deal

[cabi1] 12/9/2018 07:44

We continue to progress our OEM strategy, of which Townnews.com is a good example, with multiple discussions with other large scale North American companies.

[keystudio] 12/9/2018 07:41

Well seems a bit flat. Let's hope we end the day in the blue. Don't sink.

[bonio10000] 12/9/2018 07:33

Double post.

[bonio10000] 12/9/2018 07:31

Mind blowing how excited they always get about pennies here and there.

And this was with the largest pilot scheme ever in December.

[sideshowbull] 12/9/2018 07:24

At least we can keep the lights on for a few more years, as you were.

[bonio10000] 12/9/2018 07:15

Nah, it's the same rubbish for me.Add in costs up a few hundred K and the cash burn increased.

[geheimnis2] 12/9/2018 07:13

Should see a bit of an uptick in the sp

Should break 1m sales for the first time this year and we have lots of cash

[bonio10000] 12/9/2018 07:09

They actually put in that invoicing £92k in the USA was an achievement.Give me strength.

[chriscallen] 12/9/2018 07:03

Interim Results


Forbidden Technologies plc (AIM: FBT), the developer and seller of cloud video platform technology using its patented Blackbird technology, announces its interim results for the six months ended 30 June 2018.



Financial highlights



· Invoiced sales increased to £489k (6 months to 30 June 2017: £355k)

· Revenues increased to £377k (6 months to 30 June 2017: £316k)

· Deferred revenue increased by 73 per cent. to £252k from £146k at 31 December 2017

· Contracted orders and deferred revenue increased by 68 per cent to £648k from £385k at 31 December 2017

· Operating costs of £1,289k (6 months to 30 June 2017: £1,190k)

· EBITDA loss of £965k (6 months to 30 June 2017: £930k)

· Net loss before tax £1,274k (6 months to 30 June 2017: £1,166k)

· Year on year operational spend, including capital expenditure of £1,408k (30th June 2017: £1,331k)

· £5.44 million of net funds raised from the issue of 115,000,000 shares at 5p in June 2018

· Liquid funds of £6,197k at 30 June 2018 (31 December 2017: £1,752k)



Operational highlights



· New significant six-figure US deal with TownNews.com to provide production infrastructure to Meredith Corporation's 17 regional news networks reaching in excess of 11% of US TV households

· Increase in longer-term, higher value licensing contracts reflected in higher deferred revenue and stronger order book

· Expansion in eSports industry in US in live and post-event edit and production

· Repositioning of the business under the Blackbird brand

· Blackbird launch in Japan in a preliminary collaboration with a tier 1 telecommunications company

· Significant progress in our java script transformation working with Leaning Technologies Ltd

· Technology alliance with Veritone, owner of aiWARE, to provide Artificial Intelligence for the generation of metadata for video search capabilities



Post Period End Highlights



· Pilot successfully completed at North American broadcaster and sports rights holder

· Secured first customer in the fast growing localisation sector using our Blackbird Localisation Cloud solution for international OTT platform

· Renewal of the infrastructure contract with our large US New York based regional sports network

· Promising engagement in multiple discussions around OEM providers using our ultra-light video codec within their solutions.

· Exhibiting this week at IBC in Amsterdam on Microsoft's stand as a tier one partner of Microsoft Azure





Ian McDonough, Forbidden Technologies Chief Executive Officer, commented:



"This has been a very busy period for the company involving a successful and over-subscribed placing raising £5.75 million, the repositioning of our product suite under Blackbird and the new product launches of Blackbird Ascent, Forte and Edge. The invoiced sales in this period indicate a record first-half performance for the company. We have brought in fresh thinking in many areas of the team including product management, sales and pre-sales.



Post the recent placing, we closed a large OEM contract with TownNews.com and monthly invoicing will be starting in October. The deal means Blackbird will be used in 17 regional news networks reaching 11% of the US population. Our strategic focus on North America has had good traction in other sectors too and we continue to focus on building our base of these recurring revenue infrastructure contracts. In recent weeks we have secured our first customer in the fast growing localisation sector and we are progressing well with prospects for a dailies solution. These both represent sectors that Blackbird can add tremendous value to through increased speed and reduced cost.



As part of our strategy to significantly increase our addressable audience and use cases, we have developed and launched a Mac version of the Blackbird Edge, which enables users to ingest content through a wide variety of devices ranging from a laptop to the latest iMac Pro. macOS Edge has already been used by multiple clients in testing and remote environments where bandwidth and connectivity is limited.



In order to future proof Blackbird and simplify onboarding, Forbidden will launch at the IBC trade show a java script version of its Blackbird editing products, Forte and Ascent. These are designed to run in any modern computer and browser combination without installation or configuration.



To assist codec licensing, as well as publication and distribution using Blackbird, development of the Blackbird Player continues as we discuss its potential application with prospects.



The growth of commercial cloud, and the size of the major players involved, has created an opportunity to integrate more closely with cloud providers. At IBC, we will be showcasing the Blackbird Azure workflow used by Deltatre as infrastructure on a major US sport.



These four products mark a huge step forward technically. They dramatically increase our addressable audience and overall market opportunity as well as helping to future-proof the business. They position us well to add value in the fast-growing cloud market."

[geheimnis2] 11/9/2018 21:21

Double figures this week?

#delusionalforever

[geheimnis2] 11/9/2018 21:03

Yes certainly nanga is the most naive buffoon here

Probably like some of us were back in 2001

[bonio10000] 11/9/2018 19:25

Does Nanga count as a buffoon?

[nickb] 11/9/2018 19:25

Good job we are only investing with pretend money in a virtual account😆

[geheimnis2] 11/9/2018 19:08

We will look back upon the era of buffoonery with a certain fondness, b.

Is it over yet?

Hmmmm