12th May 2025 13:10
Blackbird PLC - London-based technology licensor, developer and seller of cloud video editing platform Blackbird - Says its video editing and content creation platform, elevate.io, is on track to "raise the ceiling" and "lower the floor" for possibilities with online video editing. Notes "tangible improvements" in customer acquisition cost and its marketing funnel for elevate.io "within just a few months." Says customer acquisition cost is down 38% comparing the period of February 11 to February 28 and April 1 to April 23 this year. Adds that around 50% of website traffic is being converted into verified sign-ups, based on the 28-day period to April 23.
Current stock price: 3.76 pence, up 0.3% on Monday afternoon in London.
12-month change: down 27%
By Christopher Ward, Alliance News reporter
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