Is this Company a Good Recovery Play?
Taking Stock on Thurday 30th November 2023
Is this Company a Good Recovery Play?
, a world-leading provider of cloud-based localisation and digital media services to the global entertainment industry, today announces its unaudited financial results for the six months ended 30 September 2023.
Key Financials
· Revenues decreased by 58% to $21.4 million (H1 FY23: $51.4 million) primarily as a result of the Hollywood writers' and actors' strikes
· Gross profit decreased by 87% to $2.1 million (H1 FY23: $16.5 million)
· Adjusted LBITDA of $7.1 million (H1 FY23: EBITDA of $7.3 million)
· Operating loss of $10.9 million (H1 FY23: $3.8 million operating profit)
· Completed in April 2023 an equity fundraise of £12.5 million ($15.5 million) for the proposed acquisition of a trusted partner in Japan
· Cash balance of $16.8 million at period end (H1 FY23: $10.8 million)
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Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.