I became a fan of Blinkx (AIM: BLNX) a long time ago. The innovative video search engine, which has hours and hours of video content, has become a prime source for me. The San Francisco-based company has been doing exceptionally well lately beating one of its the main rivals.Last month, Binkx passed an important milestone. The video search guru was cheering as it said that the market share for video increased 10 times compared to the last year. Well, Blinkx has successfully completed another mission as well - it has beaten Google video services in Britain.
"We’ve had a tremendous year and built out our business in a number of directions,” said Suranga Chandratillake, founder and CEO of blinkx. “It’s clear that there will continue to be great demand for our technology among users, advertisers and content owners who want to take full advantage of the thriving Video Web."
Bumpy ride
Earlier in May, Blinkx said it saw a net loss of $3.3 million for the six months ending March, while revenues hit $3.6 million. Nonetheless, the firm said it is on the right route and is getting closer towards profitability.Blinkx's video library has already more than tripled from 7 million to 26 million since its IPO in May.
Although Blinkx is not yet profitable, there is some hidden treasure out there. I believe it's just a matter of time when Blinkx will start counting its first profit and then things with the stock could be getting only better.
Reference
www.blinkx.com
User comments
It will go on NASDAQ soon, maybe early next year