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Entertainment industry services provider Zoo Digital Group swung to a full-year loss owing to margin pressure.
Pre-tax losses for the year through March amounted to $1.3m, compared to a profit of $5.0m on-year.
Revenue edged up to $28.8m but the company's adjusted Ebitda fell to $0.4m, down from $2.4m.
Zoo Digital's Ebitda margin contracted to 1.4%, down from 8.4%.
'Trading in the new year has begun well,' chief executive chief executive Stuart Green said. said.
'Whilst the significant decline in legacy DVD and Blu-ray formats in our digital packaging segment has continued, now leading us to not forecast any significant income from this business line in the future, this has been offset by strong growth related to over-the-top delivery.'
'We expect Zoo to be confirmed as a preferred vendor to a greater number of clients and lines of business during the course of the year ahead.'
'Our caution around timing is reflective of the dynamic nature of the OTT marketplace and recent experience.'
At 9:21am: (LON:ZOO) Zoo Digital Group PLC share price was -7p at 59p