Zoo Digital (GB:ZOO) has released an update.
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ZOO Digital Group PLC has renewed a $3 million debt facility with HSBC, remaining undrawn, to boost financial flexibility amid a market recovery, with a net cash position of $5.3 million exceeding expectations. The company is experiencing strong customer demand with a significant increase in invoicing and expects EBITDA to break even in Q1, indicating a positive outlook. ZOO continues to focus on innovative technology, including AI, to provide competitive media localisation services, aligning with forecasts of a rebound in entertainment output by 2025.
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