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16/05/2012

Forbidden Technologies CEO says its target market is worth “billions” of dollars

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Market: AIM
Sector: Software & Computer Services
EPIC: FBT
Latest Price: 20.00p  (0,00%)
52-week High: 48.00p
52-week Low: 12.00p
Market Cap: 17.32M
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Forbidden Technologies
www.forbidden.co.uk

Forbidden Technologies plc (LON:FBT) is an award-winning technology company that develops and markets a powerful cloud based video platform which supports professional post-production workflows, including multicam. It is aimed at both professionals and consumers alike.The company was founded in 1998, and is experiencing significant growth. Forbidden's services are used by professionals in the video industry, including professional web video and broadcast television. They are also used in education and by consumers.Forbidden’s video editing platform also supports HTML5.

Full Forbidden Technologies profile here
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Forbidden Technologies: Double digit percentage sales growth in 2011

16th Jan 2012, 9:48 am by Giles Gwinnett The firm, which markets a Cloud video platform for the social media sphere, said the statement covered the year to December 31

Shares in Forbidden Technologies (LON:FBT) were up over 4 per cent in early deals after the Cloud video specialist issued an upbeat trading statement.

The firm, which markets a Cloud video platform for the social media sphere, said the statement covered the year to December 31.
 
Forbidden's video platform is called FORscene and it told investors today that organic growth had lead to double digit percentage sales increase in 2011. And it added that its visible sales pipeline for 2012 already showed further expansion.

One of the four market segments the firm is focused on is episodic television. In this area, the firm has signed up Post Houses, which makes FORscene available to production company clients, and this has led to an increase in sales in the first half of last year and continued high growth in H2, it said.

Progress has been made in both news and sports markets, the firm added.

The firm said growing sales income had financed investment, as had capital reserves, and the increased loss in the 2011 year was due to this increased investment.

It added that its licence deal with YouTube would make a significant contribution to Forbidden's 2012 results.

As at 9.44 am, the firm's shares were up 4.17 per cent, to change hands at 37.5 pence.

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