logo
Share SHARE
FONT-SIZE Plus   Neg

DDD Group Says Trading In 2011 Met Board's Expectations; Total Revenue Up 173%

The 3D solutions company DDD Group Plc (DDD.L) Monday released its trading update for the financial year ended 31 December 2011, stating that the trading during the year was in line with the zBoard's expectations.

The company stated that it had largely benefited from increased momentum in license agreements signed during the year.

The company further stated that during the year 2011, approximately 9.1 million units of the TriDef 2D to 3D conversion solution were shipped by licensees in the TV, PC and mobile phone markets, up around 250% over 2010.

The Group expects total revenue for the full year to be approximately $5.5 million, up 173% from 2010. The company attributed the sharp increase in total revenue to a 193% increase in royalty revenues from OEM licensees to $4.5 million.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Seattle police caught an alleged car thief by remotely locking him inside the stolen BMW 550i with the help of the automaker. The Seattle Police Department said in its blog that the incident took place in Seattle in November. United Airlines' new ticket option called 'Basic Economy,' which would require travelers to pay extra fees for using overhead bins, has been termed by New York Senator Charles Schumer as "one of the most restrictive policies on airline passengers seen in a long time." Schumer said that United Airlines should scrap its plan. United Airlines' new ticket option called 'Basic Economy,' which would require travelers to pay extra fees for using overhead bins, has been termed by New York Senator Charles Schumer as "one of the most restrictive policies on airline passengers seen in a long time." Schumer said that United Airlines should scrap its plan.
comments powered by Disqus
Follow RTT