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
Delta Air Lines Inc. (DAL) pilots, represented by the Air Line Pilots Association International, are picketing on Friday at several airports across the country. The pilots said the picketing was to raise the sense of urgency in ongoing contract negotiations. The negotiations between the pilots... Charter Communications, and its recently acquired subsidiary Time Warner Cable, have been regularly overcharging its consumers to a tune of $7.2 million per year, according to a report from the U.S. Senate's Permanent Subcommittee on Investigations. According to the report, Time Warner Cable over-billed... Popular photo sharing network Instagram is adding a new translation button on its pages, so that the global crowd can read and enjoy the captions and comments given for the photographs uploaded. The new update will be available from next month onward.
comments powered by Disqus
Follow RTT