Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Cloud video platform Blackbird reported narrower first-half losses as new business wins led to a jump in revenue
For the six months ended 30 June 2020, pre-tax losses narrowed to £942k from £1,189k on-year, as revenue rose 49% to £714k.
The said it had continued its sales momentum, signing a number of new deals, expanding important contracts and renewing existing deals.
The company began the second half of the year with a strong order book and revenue of £1,256k secured for the year which was up 40% on-year.
By the end of August 2020, the company secured revenue of £1,453k, up from £943k on-year, and had £756k of contracted revenue for 2021 which was up 63% on-year.
At 8:59am: (LON:BIRD) share price was -1.75p at 19.75p