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Monday 13 November 2017

Improvements at last at Zoo Digital

logo Forced to shift its focus as its original market all but disappeared from beneath it, Zoo Digital Group is now in the specialist market of subtitling and dubbing TV and film content via its cloud platform. It has undergone traumatic change (see the HotViews coverage here) but interim results for the six months to September 2017 suggest it is now on an upward curve as revenues rose 68% to $12.7m, with a 34% increase in adjusted EBITDA to $1.3m despite “significant” investments and higher cost projects.

There is still work to done to settle the business, for instance gross margin declined to 63% (from 75%). This was attributed to a higher proportion of revenue from Zoo’s localisation services using ZOOSubs which uses freelance services, and the first ZOOdubs projects (the platform was launched at the start of the financial period) which have a higher cost of sale. As ZOOdubs projects become more efficient, the gross margin is expected to rise. Apparently, the second half of the year has started well which bodes well for overall results as the company settles into its adjusted sector. 

Posted by Angela Eager at '09:37' - Tagged: results   cloud   software  

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