Zoo Digital - capitalising on the Digital Revolution
Full year results from Zoo Digital, the provider of cloud-based localisation and digital distribution services for the global entertainment industry, showed strong revenue growth helping to propel the shares to new highs, in fact they are up 10-fold in the past year, but how much longer can this tremendous share price run continue?
ZOO Digital (AIM:ZOO) In November 2015, when ZOO’s share price was just 6.8 pence we commented “ZOO seems very well placed to benefit from the explosion in digital video. If it can capitalise on this opportunity and return to regular profitability it could yet prove an exciting and rewarding investment”. The latest results show that ZOO is performing very well as it seeks to make the most of an exceptional opportunity. - Results analysis The Final Results for the year to 31 March 2018 showed that Revenue had grown by 73% to US$28.6m driven primarily by growth in ZOO’s subtitling…