Broker Daniel Stewart sees “momentum of growth” at blinkx, the online video search specialist.

First half revenue was up more than 100% year-on-year at $27.4m. Gross profit also rose 109% to $17.7m, compared with the broker’s forecast of $16.9m.

The group swung to an operating profit of $2m from a loss of $7.4m for the same period last year.

The broker notes a substantial increase in Average Daily Search run rate, from 22.6m reported in March, to 31.6m for the half-end, which is “the most intriguing feature” of the results.

Additionally, the statement Tuesday also announced a partnership with Amino Communications to develop an integrated search, recommendation and personalisation solution to be deployed on Amino’s new product, “which brings broadcast, on-demand TV, open Internet and local content together in a single device”.

A target price of 110p and ‘buy’ rating is reiterated.