London · Delayed Price · Currency is GBP · Price in GBX Blackbird Earnings Call Transcripts
Fiscal Year 2025
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Elevate is progressing toward product-market fit, with disciplined spending, growing user engagement, and new feature integrations. Blackbird remains profitable, and recent fundraising ensures a 12-month runway as the company targets a $6.9B market opportunity.
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Currently in the product market fit phase, the company achieved EBITDA positivity and improved cash management, while focusing on disciplined development and user engagement for Elevate. Risks include marketing spend and cash burn, with further funding needed for scale-up.
Fiscal Year 2024
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Revenue declined to £1.61M due to a major contract loss, but the order book grew 3% and cash burn fell. elevate.io launched its payment tier, gaining 100 subscribers in three weeks, and now has 2,200 MAUs. Focus is on scaling through new features and targeted marketing.