Earnings: Blinkx Losses Down, Revenue Down; Hits Expectations

Video search index Blinkx slimmed its losses to $4.5 million in the six months to March 31, from $18.2 million in the same period last year. But revenue is down from $6.5 million to $3.6 million. The Cambridge- and San Francisco-based company said this puts its ahead of expected pace on the goal of profitability.

The earnings announcement said nothing on last week’s stock market rumours of an acquisition by News Corp (NYSE: NWS) or Google (NSDQ: GOOG) (which it denied on Friday). Blinkx is still trading up on its May 2007 IPO price, but it credited only its demerger from Autonomy as a reason for major share movements.

Additional Highlights:

— Content hours more than tripled since IPO, from 7 million to 26 million
— Daily Video Search run rate of over 5,000,000 per day in March 2008
— 56.1 million unique visitors and 584 million page views through the blinkx network in March 2008, according to comScore
— No mention in the conference call on being a possible acquisition target