Interim report
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Blackbird plc ( the " Company " ) Interim results 13 September 2021 Blackbird plc ( AIM : BIRD ; OTCQX : BBRDF ) , the developer and seller of the market - leading , patented cloud native video editing platform BlackbirdⓇ , announces its interim results for the six months ended 30 June 2021 . Ian McDonough , CEO of Blackbird plc , commented : " I am delighted to once again deliver record revenues for the six - month period of £ 867k , up 21 % year on year . We made strong progress in the period against our sales strategy both in OEM : signing partnerships with EVS and LiveU and expanding our deal with TownNews ; and Direct : closing deals with , amongst others , Cheddar News , ODK Media and BT . " Importantly , in a landmark deal for the Company , we signed our first ' Powered by Blackbird ' licensing contract for the core video technology post period . As well as being long term and the largest financial deal to date for the Company at a minimum expected value of € 2 million , this is also of strategic importance and provides substantial evidence of the value of our IP outside of our own Blackbird product which we have been talking about for some time . This deal , signed with a global broadcasting company , also provides the Company with financial upside potential should the product rollout be successful . It has been made technically possible by the advancement of our API strategy which also opens up new routes to market for our existing business as well as new potential opportunities beyond our core strength of video editing . " Additionally , in the period we released two strategically important white papers highlighting Blackbird's sustainability credentials and Total Cost of Ownership benefits . " These are incredibly exciting times for the Company and I look forward to working with the team to deliver further success . " Operational highlights ( POST PERIOD ) Multi - year licensing deal for Blackbird , the Company's technology , announced with a global broadcast company , the first of its kind , for a minimum expected revenue of € 2.0million O о ○ ○ new route to market for the Company opening up further opportunities in new markets beyond editing and increasing the Company's Total Addressable Market ( " TAM " ) rapid scaling opportunities in " on premise " as well as " cloud centric " broadcasters upside potential through a successful global product rollout Announced our first contract with a major U.S. media company in signing up CBS Sports , part of ViacomCBS , as a client Contracted with the largest U.S. based Hispanic media company , Univision , in a multi - year deal to deploy Blackbird to drive large - scale video production efficiencies across its streaming and digital media operations Further expansion with Town News taking the total overall to 75 local U.S. stations Deal closed with Athletes Unlimited who chose Blackbird to drive fast , flexible and efficient cloud native video workflows in fast growing minority sports Blackbird commences trading on the OTCQX market in the U.S. opening up investment to North American investors in 37 States Blackbird receives the Green Economy Mark from the London Stock Exchange Financial highlights ( POST PERIOD ) £ 1,763k * secured revenue for 2021 at 31 August 2021 ( 2020 comparative : £ 1,453k ) Contracted but unrecognised revenues of £ 1,987k * at 31 August 2021. £ 518k relates to 2021 and £ 893k revenue relates to 2022 * Subject to exchange rate fluctuations Operational highlights ( PERIOD )