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”).
ZOO Digital Group plc, the provider of cloud-based media production services and software to the creative media industries, today announces its financial results for the six months ended 30 September 2015.
ZOO Digital Group plc, the provider of cloud-based media production software and services to global creative organisations, today announces its financial results for the year ended 31 March 2015.
Stuart Green, CEO of ZOO Digital, commented, “The Board is very pleased with the progress achieved in the period. The positive momentum from the prior year has continued into the first half, resulting in top line revenue growth of over 40%.
“We remain encouraged by the increasing demand we are receiving for our cloud-based solutions, and our ZOOsubs offering in particular is attracting considerable interest. While we continue to monitor closely the changing dynamics within the entertainment industry, the growing base of repeatable revenues combined with a pipeline of new clients and projects, with a balance sheet strengthened after the period end, gives the Board good grounds for optimism in the future prospects of the business.”
The Board is pleased to report that trading for the period has continued in line with management expectations, and has seen significant growth of more than 40% over the comparative period last year.
Timothy Vargas, The Orchard
Tuesday, February 2nd, 2016