Image may be NSFW.
Clik here to view.
Online business services exchange blur Group is continuing to grow the top line, reporting strong revenue growth in the first half of 2013. Today’s trading update had no word on profitability, but if the situation is similar to Q1 then losses and the rate of cash burn at the startup will also be high (see blur Group pays the price for top line growth).
The trading metrics suggest blur is moving in the right direction though and it’s seen further acceleration at the start of Q3. blur signed its biggest ever contract earlier this month (see here) and there are now more than 2,300 total projects on the exchange with a total value above $36m, and more than 30,000 businesses using the services exchange. It’s also just opened a regional exchange support team in Dallas to support the strong growth it's seen in the US to date. Of course we will need to see the bottom line numbers improving before we’re completely convinced by blur.
