Showtime Analytics seeks to restructure company finances [Video]

Showtime Analytics Ltd has appointed Conor Noone of Azets as Process Adviser under the SCARP company rescue process.

Noone was appointed on 22 April to commence a process aimed at sorting out the company’s finances and preserving the jobs of 23 employees.

Showtime Analytics, based in Blackrock, Co Dublin, was established in 2014 to gather data for cinema industry clients and assist them with marketing movies. The company’s backers include Alibaba Pictures, a subsidiary of the Chinese tech giant.

Company accounts for 2022, signed off in March 2024, disclose a net loss of €1.9m booked in 2022, bringing total losses since inception to €11.5m.

In the accounts filing, the company noted that the company will need to continue to raise funds to develop its product range and meet its financial obligations as and when they fall due.

According to the filing: “The company currently meets its day to day working capital requirements from a line of …