RhythmOne , formerly known as Blinkx , has reported a narrowed pre - tax loss of $ 14.9 ##m for the year ending 31 March . The company has undergone a two - year restructure to refocus its efforts on its core mobile , mobile and programmatic offerings . 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. It also invested $ 5 m in developing these product lines , while slashing operating expenses by more than 18 % year on year .
RhythmOne , formerly known as Blinkx , has reported a narrowed pre - tax loss of $ 14.9 ##m for the year ending 31 March . The company has undergone a two - year restructure to refocus its efforts on its core mobile , mobile and programmatic offerings . It also invested $ 5 m in developing these product lines , while slashing operating expenses by more than 18 % year on year .