Sensyne gets its dosh | Valuations!
This innovative med tech company has secured much needed funding to get it through the sale process - let’s hope it is indeed enough. Elsewhere, we are puzzled by an announcement from one company and the sky-high valuation of another. (Free to read)
ZOO Digital: positive update, but.... ZOO Digital (AIM:ZOO), which refers to itself as a “world-leading provider of cloud-based localisation and media services to the global entertainment industry”, issued a positive update for its financial year ending March 2022. “World leading” sounds a bit excessive for a business valued at only £120m but, nevertheless, it is looking encouraging. Revenues for the full year are now expected to be at least $57m, up 44% on the prior year when the pandemic interrupted activities. The update commented how major media companies are offering greater volumes of exclusive content for their streaming subscribers, resulting…