Zoo Digital Share Discussion Threads

[opaldouglas] 02/11/2013 07:58

APH - Really interesting read thanks, will add it to the header.

[aphzombie] 01/11/2013 22:42

article on how ZOO's cloud-based workflow systems can help to reduce administration overheads by half

hxxp://www.dvd-and-beyond.com/_images/features/26-29%20Green.pdf

[opaldouglas] 01/11/2013 11:27

Nice to see zoo are now recruiting.



HOLLYWOOD studio software supplier Zoo Digital said it is seeing strong interest in ZOOsubs, its cloud-based subtitle production and management system.

The Sheffield-based firm is in the process of diversifying its customer base and bringing new products and services to market.

Three of the six major Hollywood studios have now taken ZOOsubs products or services.

The company counts Disney, Universal and Warner Brothers among its big customers.

The group made adjusted earnings of £187,000 in the six months to September 30, compared with a loss of £187,000 in the second half of last year, but down on the £624,000 profit announced in the first half of 2012.

Analyst Andrew Darley at FinnCap said: "Momentum clearly remains strongly positive in new products and services, delivering revenue growth and reduced customer and product dependency. After a challenging second half to March, 2014 looks to be very promising."

Stuart Green, CEO of ZOO Digital, said: "The board is pleased that the company has returned to an adjusted EBITDA profitability after a difficult second half of last year.

"We are already starting to see the benefits of the management actions taken last year and are pleased to be able to report some real momentum in the business, particularly with regards to ZOOsubs.

"The board expects the second half to show further improvement on the first half of the year, particularly in light of the interest received for ZOOsubs, and we would hope to see continuing growth in revenues in the next financial year and beyond."

The group has cut its operating expenses by over £600,000. The revamp included a number of job losses in Sheffield, where all the software development is based, and in the US.

The majority of job losses were in the US, but the Sheffield workforce was reduced by 10 employees to around 30. Zoo declined to say how many jobs were lost in the US.

At the pre-tax level, the group made a loss of £480,000, down from a profit of £20,000 the previous half year.

Zoo has downsized the business and expanded into new areas, but Mr Green said he doesn't anticipate any more job losses and the group is now recruiting in new areas.

Zoo, which helps media firms automate production on films, TV series and books, has moved beyond its traditional areas of DVD and Blu-ray into online. Mr Green said that the firm's Zoocore cloud-based workflow management system is seeing growth in sales.

[buyn0w] 31/10/2013 21:34

Should move higher coming days.

[buyn0w] 31/10/2013 11:09

Suprised to see 2 rns on the same day.

Maybe more good news in the pipeline..

[opaldouglas] 31/10/2013 10:49

This sounds interesting, Subs does appear to be gaining market traction.

"Meanwhile, large players in the second tier of film and TV studios are showing an interest in ZOOsubs, and a number of them have the product on trial. Feedback thus far has been "particularly positive", the company said."

[buyn0w] 31/10/2013 10:33

www.proactiveinvestors.co.uk/companies/news/62758/zoo-digital-turns-the-corner-62758.html

[buyn0w] 31/10/2013 10:31

The cost restructuring that was implemented earlier this year has created a more focused and flexible business, but the board's primary aim is to build sustainable growth in revenues.
Creative media software services group ZOO Digital (LON:ZOO) is putting its troubles behind it after returning to underlying profitability at the interim stage.
The company went through some painful but rapid restructuring as it reacted quickly to the decision by a large client to make some major changes, and the benefits of that transformation are now starting to feed through, particularly from newly developed offerings such as ZOOsubs, its Cloud-based subtitling system.
ZOOsubs has been deployed at three of the six major global studios, and one of them has already decided it likes the platform so much it has significantly increased the volume of work it puts through it. The group expects the other two will also start to ramp up usage in 2014. Meanwhile, large players in the second tier of film and TV studios are showing an interest in ZOOsubs, and a number of them have the product on trial. Feedback thus far has been "particularly positive", the company said.
Revenue in the six months to 30 September fell to US$4.72mln from US$6.21mln the year before, but the company highlighted that the latest six-monthly revenue figures represents a US$0.5mln improvement on the preceding six-month period.
Though the company made a loss before tax of US$774,000, versus a profit a year earlier of US$30,000, adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) were positive at US$0.3mln, versus a loss in the preceding six-month period of US$0.3mln.
Cash balance at the end of September was unchanged from a year earlier at US$0.3mln.
"We are already starting to see the benefits of the management actions taken last year and are pleased to be able to report some real momentum in the business, particularly with regards to ZOOsubs," said Stuart Green, chief executive officer of ZOO Digital.
"The board expects the second half to show further improvement on the first half of the year, particularly in light of the interest received for ZOOsubs, and we would hope to see continuing growth in revenues in the next financial year and beyond," he added.
Shares in ZOO Digital nudged up 0.9% to 13.5p in early deals.

[buyn0w] 31/10/2013 10:29

Next leg up!

[buyn0w] 31/10/2013 09:43

Maybe more.

[opaldouglas] 31/10/2013 08:16

amt - aye, was nice to see CEO & chairman purchasing loan notes.

Bit surprised by the somewhat muted market response, still think we'll see 20p by christmas.

[buyn0w] 31/10/2013 08:06

About time all good.

[opaldouglas] 31/10/2013 08:04

If you actually strip out Depreciation, Amortisation & Impairment ZOO would have made a loss of £33,000 in H1 this year. So if the turn around continues in H2 and beyond as expressed recently, ZOO cash balance should start to rise nicely.

[amt] 31/10/2013 07:56

Convertable at 48p so shows where they think this is going

[opaldouglas] 31/10/2013 07:46

presentation now out, only skimmed through - all very positive. European market alone for subtitling/dubbing is half a billion annually!

[opaldouglas] 31/10/2013 07:37

Convertible loan notes new out, great news:

ZOO released the following further announcement today.

Extension of convertible loan notes and Directors' dealings
ZOO is pleased to announce that holders of its Unsecured Convertible Loan Notes of £1,770,500 (the "Loan Notes") have today agreed to extend the term of the Loan Notes by four years to 31 October 2017 (the "Extension").

All other terms of the Loan Notes remain unchanged, being principally that the Loan Notes accrue interest at 7.5 per cent. per annum (payable half-yearly) and that the conversion price of the Loan Notes remains 48 pence per ordinary share of 15p each in the Company ("Ordinary Shares") converted.

Directors' Dealings
Stuart Green and Roger Jeynes, chief executive officer and chairman of the Company respectively, have agreed to purchase Loan Notes with a face value of £466,500 from other Loan Note holders (the "Purchase"). It is expected that these purchases will complete on 1 November 2013.

Dr Green and his wife, Mrs Sara Green, have purchased Loan Notes with a face value of £443,500 for a total consideration of £332,625 and consequently, together with their combined previous holding of Loan Notes with a face value of £171,000, have an interest in £614,000 of Loan Notes. Mr Jeynes has purchased £23,000 of Loan Notes at face value, having previously had no interest in Loan Notes.

Related Party Transaction
The participation in the Extension of Dr Green, as a director of the Company, and of Herald Investment Trust and Foresight Group, as substantial shareholders of the Company, and the entering into the Purchase by Dr Green and Mr Jeynes, comprise related party transactions under the AIM Rules for Companies.

The Company's independent directors (being Helen Gilder and Gordon Doran), having consulted with the Company's nominated adviser, finnCap Limited, consider that the terms of the Extension and Purchase are fair and reasonable insofar as the Company's shareholders are concerned.

[opaldouglas] 31/10/2013 07:32

No presentation on ZOOs website yet unfortunately.

[opaldouglas] 31/10/2013 07:23

Not a mention of ZOOpubs unfortunately which was stated as gaining momentum in last years finals.

Loan notes extension will be tomorrow I expect.

[opaldouglas] 31/10/2013 07:20

The majors seem to be spending again.

"ZOOsubs has been deployed at three of the six major global studios. Within one of these we have already seen a significant increase in the volume of work and expect this to improve even further, whilst we also anticipate increased volumes at the other two studios in the next calendar year. Equally encouraging is the level of interest in ZOOsubs amongst the large second tier of film and TV studios, which the Company has been targeting in the last few months. A number of these studios have trialled the services on a project basis and the feedback has been particularly positive.

The Company has continued to see adoption of ZOOcore, its Cloud-based workflow and collaboration platform, with increasing workflow and user numbers coming from both existing and new customers."

[opaldouglas] 31/10/2013 07:18

Interims Out! Few weeks earlier than expected i might add.

The turn around looks to be gaining momentum after the H2 last year being the worst on record. ZOOSubs looks particularly exciting.

"The Board is pleased that the Company has returned to an adjusted EBITDA* profitability after a difficult second half of last year. We are already starting to see the benefits of the management actions taken last year and are pleased to be able to report some real momentum in the business, particularly with regards to ZOOsubs.

"The Board expects the second half to show further improvement on the first half of the year, particularly in light of the interest received for ZOOsubs, and we would hope to see continuing growth in revenues in the next financial year and beyond."

[buyn0w] 28/10/2013 18:20

Another day closer to news.

[buyn0w] 28/10/2013 13:56

Few buys coming in.

[buyn0w] 25/10/2013 16:16

Has to be news next week.