Blur’s Q3 update showed a growing proportion of enterprise projects pitching on, kicking off and completing on the platform. It has also started to generate revenues from newly introduced premium, higher margin services. These are promising indicators – in the meantime, costs are coming down and there is a clear commitment to reducing losses and preserving cash. Over the next few months, it is critical the group shows it is on track to deliver an enterprise-focused model that will deliver sustainable growth going forward. This will be the key to unlock its potential. We re-introduce estimates in 2015 and 2016 and forecast cash of $2.2m by end 2016.
