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
Amazon.com may be talking with some middle-market pharmacy benefit managers or PBMs looking for various contractual arrangements, Axios reported, citing analysts at investment bank Leerink Partners. As per the report, the e-commerce giant, which recently entered the grocery industry with the purchase of Whole Foods for $13.4 billion, is eying to enter the pharmaceutical delivery business. Amazon.com Inc. is working on developing a pair of smart glasses that would allow to summon and interact with virtual assistant Alexa while wearing the device, the Financial Times reported, citing people familiar with the plans. The glasses, which would be required to be connected wirelessly to a smartphone to work, is reportedly designed to look like a regular pair of spectacles. Employees at Bombardier Inc.'s aerospace plant in Toronto plan to walk out of the facility on Wednesday morning. The move is an attempt to put pressure on Boeing Co. to drop a trade complaint against the Canadian plane and train maker.
comments powered by Disqus
Follow RTT