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DDD is performing on track

Tue, 02nd Aug 2011 13:16

DDD, the 3D solutions firm, is trading in line with expectations as it benefits from increased demand for 3D systems. The group expects first half revenues to be approximately $2.3m, up 138% (excluding discontinued operations) from the year before and up 121% from the second half of 2010. First half gross margin is expected to be 96%.In the six months ended 30 June 2011, the number of TriDef 2D to 3D conversion solution units sold was up approximately 268% over the first half of 2010.Shipments by TV chip manufacturers grew 273% while PC software shipments grew 194%. Demand for the group's products in the PC market continues to grow. In the TV market, Samsung expanded its product line in the first half of 2011 and began shipping Blu-ray disc players and PC monitors incorporating the company's 2D to 3D conversion technology under license. The share price was +0.91% to 27.75p a 15.32. NR