12/03/2001
Results for the 12 months to 31 December were impressive at the internet video distribution group, which is continuing to improve both compression rates and picture quality while keeping costs to a minimum. A pre-tax loss of just £115,218 (£63,178) in its first year means that cash balances of £3.31m remain, while February's launch of a maiden commercial product should lead to 'modest' sales figures by the interim stage. Forbidden's major selling point is that, according to chairman Vic Steel, 'compression works within a framework of internet standards'. In other words video footage placed on websites can be 'played back' without the need of additional hardware or software 'plug-ins' such as Flash.
| Market cap: | £48.7m |
| PE Average: | n/a |
| PE Forecast: | n/a |
| PE Historic: | n/a |
| Share price: | 65.5p |
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