Blackbird PLC Enhances elevate.io with New Features

Blackbird PLC ( (GB:BIRD) ) has provided an announcement.

Blackbird PLC has announced the release of new digital asset management functionality within its elevate.io platform, following a successful recent funding round. The platform, which aims to be ‘The Figma for video’, has also introduced an AI-powered Text-to-Speech tool and enhanced visual effects, enhancing its appeal to content creators by reducing costs and time in video production. This rapid development aligns with Blackbird’s vision of facilitating fast, easy, and collaborative video storytelling, strengthening its position in the content creation industry.

Spark’s Take on GB:BIRD Stock

According to Spark, TipRanks’ AI Analyst, GB:BIRD is a Neutral.

Blackbird PLC’s overall score reflects its financial challenges with profitability and cash flow, balanced by its strong equity position and strategic initiatives. The technical analysis indicates stability, while valuation concerns persist due to negative earnings. Recent corporate events suggest potential for growth, tempering some financial weaknesses.

To see Spark’s full report on GB:BIRD stock, click here.

More about Blackbird PLC

Blackbird PLC operates in the fast-growing SaaS, Media and Entertainment, and content creation markets. The company offers a suite of cloud-native computing applications used by broadcasters, sports and news video specialists, and other digital video channels. Its products include Blackbird, a market-leading cloud video platform, and elevate.io, a browser-based collaborative content creation platform aimed at professional teams and the Creator Economy. Blackbird also licenses its core video technology under the ‘Powered by Blackbird’ model.

Average Trading Volume: 466,466

Technical Sentiment Signal: Sell

Current Market Cap: £11.71M

For a thorough assessment of BIRD stock, go to TipRanks’ Stock Analysis page.