May I ask you. Why we should pay for a Cable TV licence if we’ve got Blinkx? A website, where we can find millions of hours of video content!This year has been a huge boost of online video in every aspect. For this reason, we’ve been following Blinkx, a company that helps people find any video on the web, performance throughout the year.
Numbers that Blink
Numbers speak for themselves. Blinkx has generated a total of $3.0 million in revenues for the period from 23 April 2007 (incorporation) to 30 September 2007.Gross profit for the first half of 2008 was $2.2 million, representing a gross margin of 74%. Net loss for the period, before one-off costs related to the IPO and demerger, was $1.4 million.
Loss per share including one-off costs related to the demerger and IPO was 5.62 cents. During the period
blinkx raised $50.4 million in gross proceeds from an initial public offering completed on 22 May
2007.
Blinkx had $43.6 million in cash at 30 September 2007.
The company which raised 50 million on its IPO has hit 280% growth in daily worldwide searches. Blinkx has also opened partnerships with companies like Ask.com, RealNetworks,
Infospace and MediaCom.
Blinkx video content has hit a total 18.5 million hours of video.
Future of Blinkx
I will need to think hard about the future of my cable TV provider. Why would I need to pay for it, if I can go to Blinkx and watch the same programme for free?
As far as Blinkx is concerned, I expect a big growth of the company in 2008. Traffic of the Blinkx continues to grow too, according to the Alexa. The company has already rocked the boat. I reckon, the company will continue its progress in the next year. But its going to be Harder, Better, Faster, Stronger.
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