Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
What a joke. I just downloaded Upix. I tried it and it is genuinely AWFUL. It doesn't remove the background properly. It creates a jagged edge and removed too much of the hair area. If that is what DDD are relying on then there is no hope for them. I recommend that everyone tries it so they can see what a stupid company this is.
Of course I wasn't expecting 3D. The game is pointless for DD as firstly it is useless, given away free, and not playable on any mass market plarform
It is a completely stupid game. It is just tetris and certainly NOT 3D in the sense that you would expect.,it is just solid perspective on a 2D surface. The whole thing is pointless. I download it from Android store. It is showing 100+ downloads, so it hasn't even reached 1,000 yet.
The optimistic statement in the results could have been taken from any set of results over the last 10 years. Thesp is now falling back as iypt does after every results. The sp should be continuing its way lower.
Nothing changes. Poor results again. Cash of £1.5m as at Dec. That's probably just over £1m now due to continued losses. At their loss rate that will last to just beyond the next 6 months results. It looks like a company struggling to survive, but it has looked that way for ten years or more. The so should gradually slide back over the coming days. The recent hype has suckered in a few new punters who will be locked in by a falling price.
DDD's history has been marked by rumours pre results and crashes after. I expect the same this time.
There are NO revenues from shift in business to be added as the results are up to Dec 2013 and the statement indicating $3m was 2 months later in Feb 2014 and any extra revenue would already be in the statement.
What makes you think there is much cash left. Your figures are more than a year ago (16 months since end 2012). The company has been losing money since then. The last 6 months was $800k alone. Try multiplying that by 2.3 ish and see how much they may have lost from the cash. In fact I would have expected the losses to have increased over the last 6 months as PC sales have been even worse.
The results are not public, but DDD said in Feb that revenue would be around $3.6m. That is a 68% drop on previous. Don't forget that Feb is 2 months after the accounts period of end Dec so their estimate should be pretty accurate. At the rate they were losing money at the last set of results, they can't have much cash left.
The current ramping and hype of DDD happens before every set of results and then the so tanks when the results are released. The question is who stands to benefit from the temporary price rise.
Smartphone 3D sales are all but non existent. 3D tablets re a small niche area and may not take off. DDD's results will be used on what has been happening up to now and that story is bad.
The 3D units being spoken about in the results were TV Tridef units. It is clear that the TV market is dying now attention has moved to UHD. DDD became temporarily became profitable until PC sales I am expecting to see very bad revenue figures even lower than predicted and almost no cash left. and now TV 3D sales will be the next to fall.
The whole tablet business is a red herring. There are no revenues from tablets or even signs that DDD will benefit from this. There are also other players and technologies out there. Don't forget that DDD's technology is NOT needed for 3D on tablets. They are only used to display 2D images in pseudo 3D.
There seems to be a lot of hype surrounding this at the moment. I can't see why as it is loss making, has fast falling revenues and not much cash. In the trading update in Feb the company indicated that revenue would be around $3.4m down from $8.6m. Last six months they lost about $800k. One of their revenue areas has turn bad. 3D sales on PCs has dropped 76%. 3D on TV is almost dead. There are hardly any channels transmitting in 3D. There are none in the US or Australia. The BBC has stopped transmitting and there are rumours of Sky switching their channel to UHD. DDD have not turned in a good set of results for years. The share price recently was at its lowest for 5 years. My personal opinion is that this will fall back on results.
How long is their cash going to last at the current rate of losses? The full impact of the PC downturn has not yet been felt. The figures released are only up to end of June. The royalties are forward looking as they will be based on wholesale/distributor sales and not retail sales. The PC sales are still falling fast as tablets and smart phones take over. It won't be long before the revenue stream from PCs dries up completely. The cash burn should increase to quite a fast pace. My guess is that the next six months to a year will be critical in DDD's survival.
Below 7p now. The next support level is around 4p.
I saw a broadcast on Friday evening that said that ticket sales for 3D films are expected to fall for the first time in 4 years. At the Venice film festival there are 72 films being shown and marketed. Only 2 are 3D making this year the lowest for years.
The drop in share price seems pretty sensible. There is a massive drop in projected revenue. Peoplare claiming 3.7m in cash. Well it is 3.5m and its dollars. To make it worse that was at end December eight months ago. With the revenue dropping so much, how much cash is left now. Why did DDD issue a statement on June 11 saying trading was in line with forecasts and then issue a revenue warning just two months later.
This is now on a 3 1/2 year low. It has just dropped through a major support level and should fall much further now. Next stop should be around 7p. The combination of a profits warning (actually a revenue warning) and the BBC, ESPN and FOX Australia stopping broadcasting 3D adds up to a lethal cocktail.