DDD set to deliver excellent first half results

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.

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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