The Board is pleased with the progress achieved in the period under review, and in particular on the addition of significant new clients and diversification of revenue sources. The Board continues to focus on growing profitable revenues from a diverse client base and continuing to invest in R&D, whilst managing the business within available facilities.
Trading in the first five months of the year has generated a small profit before interest, tax, depreciation and amortisation. Consistent with the second half of FY15/16, cashflow from operations in the first half to date has been neutral with the board continuing to manage the business throughout the period within available facilities.
We have entered our 2017 year with a stronger pipeline, a broader range of services and a greater sales capability. The board is optimistic about the Company’s potential for growth.
We are entering our 2017 year with a stronger pipeline, a broader range of services and greater sales capability than ever before. The board is increasingly optimistic about the Company’s potential for growth.
ZOO Digital Group plc, the provider of cloud-based media production services and software to the creative media industries, is pleased to announce that it has today raised £500,000 by way of the issue of a new convertible loan note (the “New Loan Notes”), the key terms of which are identical to the Company’s existing Unsecured Convertible Loan Notes of £2,570,500 (the “Existing Loan Notes”).
Timothy Vargas, The Orchard
Tuesday, December 6th, 2016