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Blinkx Sees Annual Revenues Of $245 Mln - $247 Mln - Quick Facts

Blinkx Plc (BLNX.L), in its trading update for fiscal 2014, said it expects revenues to be in the range of $245 million - $247 million and adjusted EBITDA of $37 million - $39 million, in line with market view.

As announced earlier, the company would host a Capital Markets Day for Institutional Investors and Analysts in London today, which would include presentations by both the company and representatives from the online advertising ecosystem, followed by a panel discussion.

Today, blinkx also published a detailed response to a blog post dated January 28, 2014, that questioned its business model and practices. blinkx strongly refuted the assertions made in the blog at the time it was published.

"We are pleased with the performance of the business in FY2014, particularly with the successful integration of Rhythm in mobile video, despite the obvious distractions in the last quarter of the financial year," said Brian Mukherjee, Chief Executive Officer of blinkx.

The company expects to announce its fiscal 2014 results on May 6, 2014.

by RTTNews Staff Writer

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