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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 RTTNews Staff Writer

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