ZOO Digital - Bonkers valuation of the week!
While this provider of localisation services for the entertainment industry is making evident progress, the current valuation looks detached from reality
Interim results from ZOO Digital Group (AIM:ZOO) for the six months ended 30 September 2018 were much anticipated following the update in September.
While sales rose 17% to $14.9m (£11.3m), investment in support of growth saw ‘adjusted’ EBITDA fall to $0.5m from $1.8m in the comparable period – the adjustment excludes share based payments.
Gross profit of $4.9m (H1 FY18: $4.8m) was apparently driven by sales mix shift to localisation and represents a…
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