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Blinkx Plc (BLNX)

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Monday 11 February, 2013

Blinkx Plc

Trading Update

RNS Number : 5617X
Blinkx Plc
11 February 2013
 



blinkx plc

 

Trading Update

 

 

SAN FRANCISCO, CALIF. - February 11, 2013 - blinkx plc (LSE AIM: BLNX) today provides a brief trading update.  In November 2012, blinkx announced that it had an exceptional first half, driven by the early integration of recent acquisitions and the effects of the US elections and London Olympics.

 

Today, blinkx is pleased to report that trading in the third quarter continued to be strong. Therefore, the company expects to be ahead of targets, with revenue for the full year in the range of $180M to $185M.

 

S. Brian Mukherjee, CEO of blinkx, commented, "As expected, the acquisitions have significantly expanded the scale and scope of the blinkx engine and the integrations are being implemented extremely effectively.  In the second half, we continued to benefit from campaign spending in the US election cycle, which, in addition to the rapid customer adoption of our expanded offerings and strong secular trends within the industry, contributed to our growth. While our advertising revenues are transactional in nature, we remain confident in our outlook and prospects for the remainder of the year."

 

Enquiries

 


Blinkx plc

+44 (0)20 8906 6857

S. Brian Mukherjee, CEO

 +1 (415) 655-1450

Frank Pao, Company Secretary

 +1 (415) 655 1450



Citigroup Global Markets Ltd

+44 (0)207986 4000

(NOMAD and Broker for blinkx, plc)


Charles Lytle


Christopher Wren




FTI Consulting

+44 (0)20 7831 3113

Edward Bridges


Charlie Palmer


Clare Thomas


 

 

About blinkx

 

blinkx (LSE AIM: BLNX) is the Internet Media platform powered by CORE, the world's most advanced video engine. blinkx links viewers with content distributors and monetizes those interactions through advertising. Through its flagship site, blinkx.com, the company pioneered video search on the Internet and today has an index of over 35 million hours of searchable video and more than 800 media partnerships. In addition, blinkx powers video search for many of the world's most frequented sites, including Ask.com and AOL. blinkx continues to develop innovative approaches to digital video distribution, and has expanded into mobile video and Connected TV through partnerships with Samsung, Sony, Roku and other industry leaders.  blinkx is headquartered in San Francisco, CA and London, England. More information is available at www.blinkx.com.

 

Forward-looking Statements

 

This announcement contains (or may contain) certain forward-looking statements with respect to certain of blinkx plans and its current goals and expectations relating to its future financial condition and performance and which involve a number of risks and uncertainties. blinkx cautions readers that no forward-looking statement is a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as 'aim', 'anticipate', 'target', 'expect', 'estimate', 'intend', 'plan', 'goal', 'believe', or other words of similar meaning. Examples of forward-looking statements include, among others, statements regarding blinkx future financial position, income growth, impairment charges, business strategy, projected levels of growth in its markets, projected costs, estimates of capital expenditure, and plans and objectives for future operations of blinkx and other statements that are not historical fact.

 

By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, including, but not limited to, UK domestic and global economic and business conditions, the effects of continued volatility in credit markets, market-related risks such as changes in interest rates and exchange rates, the policies and actions of governmental and regulatory authorities, changes in legislation, the further development of standards and interpretations under International Financial Reporting Standards ("IFRS") applicable to past, current and future periods, evolving practices with regard to the interpretation and application of standards under IFRS, the outcome of pending and future litigation, the success of future acquisitions and other strategic transactions and the impact of competition - a number of which factors are beyond blinkx control. As a result, blinkx actual future results may differ materially from the plans, goals, and expectations set forth in blinkx forward-looking statements. Any forward-looking statements made herein by or on behalf of blinkx speak only as of the date they are made. Except as required by the FSA, AIM or applicable law, blinkx expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this announcement to reflect any changes in blinkx expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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