logo-loader
viewDDD Group

DDD Group expects interim revenues to double as 3D demand grows

share_price_up350_4e37b3a771683.jpg

DDD Group (LON:DDD) said that trading has been in line with projections as demand for 3D systems continued to increase, leading it to expect half yearly revenues of US$2.3 million.

Investors welcomed the report, sending shares in DDD up 4.5 percent to 28.75 pence in early deals, giving the company a market cap of £38.4 million.

The expected first half sales represent an increase of 138 percent over revenues in the first half of 2010 and 121 percent compared to the second half of 2010. Gross margins are expected to reach 96 percent, said DDD.

Revenues were driven by stronger sales of products that include its TriDef software, which converts video from 2D to 3D.

Based on royalty reports, the number of units of TriDef software shipped by licensees in the TV and PC markets jumped 268 percent over the first half of 2010.

Meanwhile, demand for DDD’s products in the PC market continues to grow with seven more license agreements signed with Intel, Samsung, LG Electronics, Chimei Innolux and two other PC manufacturers.

Some of these new licensees started shipment in the second half of 2011.

In the TV market, Samsung began shipping Blu-ray disc players and PC monitors incorporating the Group's 2D to 3D conversion technology under license during the first half.

DDD has also said that it has managed to expand its patent portfolio, adding further patents in the United States, Japan, China and the Philippines for its 2D to 3D conversion and 3D encoding technologies.

This brings the total number of currently issued patents to 53 across 24 countries.

The group expects to publish its interim results in late September.

Quick facts: DDD Group

Price: - -

AIM:DDD
Market: AIM
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Jindalee Resources' Lindsay Dudfield talks plans to unlock value at its...

Jindalee Resources Ltd's (ASX:JRL) Lindsay Dudfield discusses with Proactive London's Andrew Scott the plans to advance its McDermitt US lithium project. Back in June they received encouraging metallurgical test-work results from the project which confirmed an increase in lithium head grade...

2 days, 11 hours ago

2 min read