Full Year 2024 Blackbird PLC Earnings Call Transcript
Key Points
- Blackbird PLC (BBRDF) achieved a positive EBITDA margin of GBP0.5 million for the first time, indicating improved financial performance.
- The company successfully renewed major contracts with organizations like FIFA, CBS Sports, and the US Department of State, contributing to a 3% increase in the order book.
- Blackbird PLC (BBRDF) launched a new creator payment tier for elevate.io, attracting 100 subscribers from around the world within three weeks.
- The company maintains a healthy balance sheet with no debt and GBP3.8 million in cash, demonstrating strong financial management.
- Elevate.io is positioned as a unique browser-based pro video editing tool, leveraging patented technology for fast navigation and smooth playback, which sets it apart from competitors.
- Revenue for 2024 was GBP1.61 million, down from the previous year due to the loss of the A&E contract.
- Despite positive developments, the company is still in the early stages of scaling elevate.io, with only 100 paying subscribers so far.
- The company faces challenges in rapidly increasing its user base, with current monthly active users at 2,200 and weekly active users at 1,300.
- There is uncertainty about when elevate.io will be fully ready for professional teams, as additional functionality is still being developed.
- Blackbird PLC (BBRDF) may need to consider capital raises to support marketing efforts, which could lead to shareholder dilution.
Good morning, ladies and gentlemen, and welcome to the Blackbird PLC full-year results investor presentation. (Operator Instructions)
The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today, and we'll publish our responses where it's appropriate to do so.
Before we begin, as usual, we would just like to submit the following poll. And if you could give that your kind attention, I'm sure the company would be most grateful.
And I would now like to hand you over to the executive management team from Blackbird PLC. Ian, good morning, sir.
Good morning, Jake. Thank you very much. Ladies and gentlemen, thank you very much for joining us this morning.
Today, we've got a presentation team who I'll introduce as we go through. Steve will be the first one to present, Steve White, our COO and CFO. So let's go straight into the deck.
Okay. So we
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