Zoo Digital (AIM:ZOO) – a leap of faith!
The AIM quoted provider of cloud-based media production software to global creative organisations has struggled to deliver returns to shareholders since arriving on AIM in 2001. The latest results for the year ending March 2015 point to another year of losses and a balance sheet under considerable stress. There is plenty of positive spin but the numbers tell a different tale!
ZOO arrived on AIM via the reverse into Kazoo3D at a share price of 8.5p. Zoo Media Corporation was established in 1999 when it owned and developed proprietary software applications and technology tools that seek to address the digital media marketing requirements of medium to large corporate clients. While revenue has progressed over the past 14 years, profitability has been much harder to achieve. Having consumed over US$50m of shareholders money and with the market…
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