First half figures from DDD, which designs three-dimensional (3D) conversion software, are set to loom larger than life as the software firm continues to benefit from growing demand for its 2D to 3D conversion software.
The group said it expects first half revenues to be 74% higher than in the same period the previous year, and up 25% from the previous half-year period. This means first half revenues will be around $4.0m, with gross margins at 96%.
The debt-free group said cash at the end of June was above $4.4m.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The firm saw demand for its 2D to 3D products once again rise in the first half of the year, with around 7.0m units shipped, up 52% compared to the same period in 2011, bringing the cumulative number of consumer devices shipped with TriDef 3D to more than 18m units worldwide at the end of June 2012.
Compared to the same period in 2011, shipments by TV chip manufacturers grew 23% while PC software shipments grew 1,031%.
Mobile intellectual property (IP) shipments grew by 487% and represented about 4.5% of all IP shipments in the period. Demand for the group's products in the PC market continues to increase, with more than 1.0m licences of the higher value TriDef 3D PC software shipped during the first half, representing 15% of IP shipments in the period.
Chris Yewdall, DDD's Chief Executive Officer said: "Demand for our TriDef 3D technology continues to demonstrate strong growth across a range of products and we have delivered a good first half that underpins the board's expectations for the full year."
The share price rose 8.16% to 26.50p by 10:06.
NR
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
