Blinkx share price dives as results show impact of market concerns on ads Shares in online advertising company Blinkx fell by 10.26 per cent yesterday, after swinging to a pre-tax loss of $25m (£16m) in the year ended 31 March. The Aim-listed company reported a profit of $18m last year. Revenue also fell, from $247m to $215m. The poor performance comes as the firm deals with [...]
Blinkx share price rises as bleak results fail to dampen investors Falling revenues and losses were not enough to put off investors in the video search and advertising group Blinkx yesterday. Blinkx blamed the industry’s shift from desktop to mobile for the results, as well as ongoing commercial and reputational damage following Harvard Business School professor Ben Edelman’s critical blog post regarding Blinkx in January. [...]
Analysts call for Blinkx to sell up after second profit warning hits VIDEO search and advertising group Blinkx should sell up to a corporate buyer and return cash to shareholders, analysts said yesterday, after the group issued another profit warning sending shares plummeting. Nearly 13 per cent of Blinkx’s value was wiped off after the firm reported its earnings before interest, taxes, depreciation, and amortisation (EBITDA) for [...]
Autonomy founder Mike Lynch steps down from Blinkx board September 25, 2014 AUTONOMY founder Mike Lynch, who is currently embroiled in a legal tussle with US tech giant HP over allegations of fraud surrounding its $11bn (£7.3bn) takeover of his firm, yesterday stood down from the board of Blinkx, the online video company spun off from Autonomy. Lynch will step down on 31 December, but has agreed [...]
Blinkx share price up as rebellion fails to derail turnaround aim July 16, 2014 Embattled video search and advertising group Blinkx yesterday made tentative steps on the road to recovery, despite a shareholder revolt at its annual meeting that saw nearly 30 per cent of its investors vote against the appointment of one of its new directors. Blinkx shares closed up 2.9 per cent at 35.25p after it revealed [...]
Blinkx share price in free fall after profit warning July 2, 2014 Video search and advertising group Blinkx yesterday shocked investors by warning that its first-half earnings are set to be $5m (£2.9m) lower than management expectations, causing its shares to lose more than half of their value. The Aim-listed company blamed industry-wide issues around the efficiency and effectiveness of online advertising, as well as a lingering [...]
Blinkx suffers as investors lose faith in the battle-scarred firm May 6, 2014 BLINKX, the online video advertising firm whose share price plummeted in January on the back of a critical blog post, saw its shares fall another 8.38 per cent yesterday to 84.75p as retail investors abandoned the firm following disappointing results. Despite Blinkx’s revenue jumping 25 per cent in the past year to $247m (£147.56m) with [...]
Blinkx: Harvard blog post caused $15m in damages May 6, 2014 Harvard professor Ben Edelman’s blog post that claimed Blinkx had links with companies that use “deceptive tactics” has caused up to $15m (£8.83m) in damage to the online video advertising firm’s sales. Blinkx indicated the level of damage that had been caused during its results call with analysts this morning, Numis analyst Paul Richards said: [...]
Blinkx hits back at professor’s damning blog March 31, 2014 Chief exec Brian Mukherjee tells Oliver Smith that accusations about the tech company’s past are unfounded BLINKX, the online video advertising firm that saw its share price plummet in January on the back of a critical blog post, was attacked by an “infamous professor” using the “bully pulpit” of Harvard University for personal gain, its [...]
Blinkx shares surge after response to academic’s critical blog March 31, 2014 Online video search company Blinkx has seen its shares rise sharply after the company issued a detailed response to a blog from a Harvard academic who called into question the company's business model. Blinkx "strongly refuted" the blog and conducted an internal and external review of the claims made in the blog, which has now [...]