DDD posts rise in annual profit as demand for 3D grows

3D technology developer DDD posted an increase in annual turnover and profit driven by growing demand in the market.

3D technology developer DDD posted an increase in annual turnover and profit driven by growing demand in the market.

The company achieved turnover of $8.6m for the year ended December 31st 2012, a 56% increase on the previous year's $5.5m.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) grew 132% to $3.2m from $1.3m. Gross margins improved from 25% to 37%.

Profit from continuing operations came to £1.3m, compared to a loss of $0.96m in 2011.

Chief Executive Christopher Yewdell said the company has experienced a rising trend towards 3D integration into TVs, PCs, smartphones and tablet devices.

Samsung, the biggest provider of 3D TV and the company's chief customer, has signed a patent licence to use the firm's intellectual property for a 2D to 3D conversion application aimed at the growing number of 3D consumer devices.

More than 15m products with DDD's 2D to 3D solution were manufactured during the year.

DDD also launched the Yabazam 3D streaming movie service on Samsung and LG Smart TVs.

Yewdell said the group was now turning its focus to developing glasses-free 3D technology and extending its reach to tablets.

"The way people are consuming the internet, video and games is changing," he told Sharecast.

The group also plans to enhance its Yabazam streaming service by adding new content, solutions to additional brands of Smart TV and expanding the service to new categories of 3D products including tablet PCsm, Yewdell concluded.

RD

Recommended

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework
Investment strategy

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework

John Stepek talks to Steve Clapham, investor, analyst and author of The Smart Money Method, about the dangers in picking individual stocks and why you…
8 Apr 2021
BP looks set to return more money to shareholders as it beats expectations
Energy stocks

BP looks set to return more money to shareholders as it beats expectations

Oil major BP is to embark on a share buyback programme after significantly reducing its debts. Saloni Sardana looks at what it means for your portfoli…
6 Apr 2021
Deliveroo has hit the market – but it’s not getting the warmest welcome
UK stockmarkets

Deliveroo has hit the market – but it’s not getting the warmest welcome

Food delivery company Deliveroo made its debut on the stockmarket this morning. But with the share price sliding by 30% straight away, it’s not made t…
31 Mar 2021
Three stocks to buy now that will come back stronger after Covid-19
Share tips

Three stocks to buy now that will come back stronger after Covid-19

Professional investor Ed Wielechowski of Odyssean Capital, chooses three compelling stocks that should thrive in a post-pandemic world.
29 Mar 2021

Most Popular

Lab-grown meat: how “moo’s law” will drive innovation
Soft commodities

Lab-grown meat: how “moo’s law” will drive innovation

Jim Mellon and Anthony Chow, co-founders of Aim-listed Agronomics, explain why they believe that “cellular agriculture” will benefit from massive long…
16 Apr 2021
The bitcoin bubble will burst: here’s how to play it
Bitcoin

The bitcoin bubble will burst: here’s how to play it

The cryptocurrency’s price has soared far beyond its fundamentals, says Matthew Partridge. Here, he looks at how to short bitcoin.
12 Apr 2021
Lab-grown meat: the new agricultural revolution
Soft commodities

Lab-grown meat: the new agricultural revolution

Vegan alternatives are taking off, but the future of food technology lies in lab-grown meat – cultivating steaks and burgers from animal cells, says A…
16 Apr 2021