Back to black predicted for workflow SaaS provider

Market is looking up despite loss, creative media specialist says

Media workflow SaaS provider Zoo Digital expects to climb back towards profit despite its poor full-year figures for the year ended March 2012.

Roger Jeynes, chairman of Zoo, issued a statement noting that the company returned to profitability in the second half and that its future outlook remains optimistic.

That is despite a reported overall operating loss for the year ended March 2012 of $0.7m (£0.43m) on turnover of $11.2m, down from its year-ago profit of $1.5m on revenue of $13.8m.

"The company returned to profitability in the second half of the year, and I am pleased to confirm that this has continued through the start of the new financial year," he wrote.

"Our most dominant market, the filmed entertainment industry, appears to have reached a certain level of stability after a prolonged period of turbulence, which has led to improved levels of throughput to Zoo."

Zoo Digital will continue to develop SaaS offerings that meet its clients' specialised needs as well as target new sources of income. Recently, it rolled out a SaaS-based subtitling application.

"We continue to view the current year with optimism, although we must remain cautious given the unpredictability of markets in the current economic environment," Jeynes said.

Customers of Zoo's workflow offerings include film studios, videogame developers, music publishers, toy companies and book publishers.

Its offerings are meant to simplify creative media production through reducing their time to market, while improving quality and lowering costs. It layers value-adding services over the top and plans to partner in new markets.

It also claims to be doing well in the e-book and electronic sell-through markets.