BBRDF - Blackbird Creator SaaS product now very close to early access
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Blackbird PLC (AIM:BIRD, OTCQX:BBRDF) CEOIan McDonough speaks to Proactive's Thomas Warner after thetechnology company published its interim results for the first half of2023. Blackbird posted a 36% year-on-year drop in revenues in H1 2023owing to the receipt of EVS development fees and the revenues from theglobal winter games during H1 2022.
McDonough emphasises that the company's focus has shifted towardsthe development of their Creator SaaS product. This product is set foran early access release in the coming months and is poised to enterthe market fully in Q1 next year, potentially bringing in revenue.McDonough sees this new product as a significant step towarddiversification.
While theirexisting technology has excelled in prestigious events like the SuperBowl and the Women's World Cup, the new platform aims to cater toa broader audience, offering high availability, a SaaS model, and easeof access. McDonough also highlighted their world-class team,strategic planning since 2019, and the successful funding round in2021, all culminating in a keenly-awaited product launch scheduled forQ1 2024.
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