DDD18 Apr 2011 08:39
DDD Group PLC
Emerging 3D consumer market yields high margin royalty growth
Los Angeles, California: DDD Group plc ("DDD" or "the Group"), the 3D consumer technology licensing group, has published its full year results for the year ended 31 December 2010.
Highlights
· Over 2.5m units of DDD TriDef 2D to 3D conversion solutions shipped by TV and PC licensees
· Alliance with Texas Instruments to implement the 3D solution on OMAP™ smartphone processors - first opportunities to view 3D without glasses
· Recent PC software licensees signed up including Samsung, LG and a leading PC chip manufacturer
· Turnover, excluding discontinued businesses, up 12% to £1,298,000 (2009: £1,156,000)
· Loss from continuing operations before tax £921,000 (2009: loss £842,000)
· Loss per share per share reduced to 0.82p (2009: loss 0.98p).
· Net cash outflow from operating activities £765,000 (2009: outflow £827,000)
· Net cash at 31 December 2011 £2,734,000 (2009: £902,000)
· Placing raising approximately £3,380,000 after expenses and conversion of loan notes in June 2010