An outstanding year of growth
It has been an outstanding year for ZOO with growth materially above expectations. In April, we released a pre-close trading update for the year ending 31 March 2022 which included our eighth upgrade to consensus FY22 forecasts.
- FY22 revenue is expected to be approximately $70m, a significant acceleration of organic growth over the prior year of 78%
- EBITDA (adjusted for share-based payments) is expected to be materially ahead of the previously upgraded expectations at approximately $8 million, an increase of approximately 78% on the prior year
- Net cash at year end on 31 March 2022 was $5.4 million, which compares with $2.9 million at the same time last year – this reflects strong cash generation despite significant investment to expand capability and underpin future revenue growth
Stuart Green, ZOO Digital’s CEO, commented:
"We continue to benefit from our customers launching streaming platforms in new territories around the world, while also increasing market share through new service offerings. As we enter our new financial year, we are seeing strong demand from customers across all our operating segments and are confident of delivering further sustainable growth in the year ahead.”
