DDD hit by order delay

DDD, which makes 3D technology software for TVs, PCs and mobile phones, narrowed losses in the half year to June 30, but slashed its revenue expectations for the current year due to an order delay.The company posted a pre-tax loss of £342,000 for the period, down from £448,000 the previous year, on revenues that slipped to £723,000 from £726,000.'Delays to essential third party PC graphics hardware have resulted in the likely slippage of OEM TriDef sales to 2011; full-year revenues now expected to be £1.4m to £1.6m vs. market expectations of £3.5m,' the company said. 'Delays likely to be resolved in near future with revenues expected to flow in early 2011.'Hardware product sales fell to £90,000 from £156,000. Total sales were also lower because the company did not receive any licensing revenues in the most recent period, against £455,000 the previous period. However sales of products using DDD's technology resulted in royalty revenues of £515,000 against none previously. More than 1m products using its 2D to 3D conversion technology were shipped during the period, up from fewer than 100,000 in the same period the previous year, DDD said, adding that demand for 3D TVs was strong, with the football World Cup providing an added boost. Chief executive Chris Yewdall told ShareCast that he expects another 1m products using its Tridef 2D to 3D technology to have been shipped by September 30. Tridef 2D to 3D conversion is used in Samsung TVs and in PCs. According to DDD, 88% of 3D TVs sold in the US market were made by Samsung. Yewdall explained that other 3D TVs lack Samsung's technology enabling viewers to watch programmes designed to be watched in 2D in 3D.