logo
Plus   Neg
Share
Email
Comment

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
ASML Holding NV reported higher profit and sales in its fourth quarter with increased system sales, despite weak gross margin. Going ahead, the company projects continued solid growth of sales and profitability in 2018. Separately, ASML said its Supervisory Board intends to appoint Roger Dassen as Executive Vice President and Chief Financial Officer, effective June 1. Google plans to commission three underwater cables in 2019 as part of efforts to expand its cloud business amid stiff competition from rivals Microsoft and Amazon. The three fiber-optic subsea cables will run across different routes. Google noted that it has spent $30 billion to improve its infrastructure over three years. McDonald's Corp. said Tuesday that all of its packaging worldwide will come from renewable, recycled or certified sources by 2025, up from the current figure of 50 percent. The fast food giant also aims to recycle guest packaging in all its restaurants by then, compared with only 10 percent of its restaurants currently.
comments powered by Disqus
Follow RTT