RhythmOne, formerly blinkx, has been undertaking two years of restructuring in order to shift its focus towards what it calls its core mobile, video and programmatic products, in an effort to return to profitability and revenue growth. RhythmOne, formerly known as Blinkx, has reported a narrowed pre-tax loss of $14.9m for the year ending 31 March. The firm has undergone a two-year restructure to refocus its efforts on its core mobile, video and programmatic offerings. Shares in the company fell by more than 10% after it announced that revenue had fallen from $495m (£341m) last year, down from $1.5bn five years earlier.
RhythmOne, formerly known as Blinkx, has reported a narrowed pre-tax loss of $14.9m for the year ending 31 March. The firm has undergone a two-year restructure to refocus its efforts on its core mobile, video and programmatic offerings. Shares in the company fell by more than 10% after it announced that revenue had fallen from $495m (£341m) last year, down from $1.5bn five years earlier.