StockMarketWire.com - Forbidden Technologies - the AIM-quoted owner and developer of the market leading cloud video platform, Forscene - posts a loss of £3,625,513 for the year to the end of December, up from £797,547 in 2013.

Gross sales fell to £689,222 (2013: £772,180) and operating losses rose to £3.6m from £824,306.

Chief executive Stephen Streater said: "The pace of change has accelerated. The conservative Broadcast market is being transformed by the march of IT in production; the revolution in web and mobile distribution has created new opportunities for Forscene in Sports; the mobile market is ripe for consumer video offerings; and the web-based editing market has moved beyond a specialist niche into a multi-million user market.

"Forbidden's technical agility has, with the new management team, been extended across the professional sales, marketing and consumer sides of the business. The investment in the platform over the years, including the record investment in 2014, makes this coming year an attractive challenge."










Story provided by StockMarketWire.com