Hi there
Welcome to our latest edition of the quarterly investor newsletter from ZOO Digital, featuring trade announcements, ZOO news and relevant industry developments.
We continue to see significant industry announcements that underline the growth in Over The Top (OTT) video services, including recently from Disney, Apple, AT&T, Amazon and a partnership of the BBC and ITV.
Our talented R&D team was recognised in the period with a ‘Product of the Year’ award at NAB Show 2019 for our newest cloud platform, ZOOstudio, and we were winners in the ‘Best International Success’ category of the Sheffield Digital Awards.
In a trading statement of 17th April we indicated that year-end revenues are expected to be in line at $29.0m. The Group was cash generative in the second half resulting in a net cash balance of $1.8m at the year-end with no debt other than the convertible loan notes.
Our CEO, Stuart Green, and CFO, Phill Blundell, will be exhibiting at Mello 2019 on Thursday 16th May in Chiswick, London, with presentations scheduled for 10am and 3pm. We invite you to come and meet the team and hear about our latest developments.
ZOO’s preliminary results for the year to 31 March 2019 will be published in the week commencing 24th June, with an AGM scheduled for Wednesday 18th September 2019.
