Trading update – strong, diversified revenue growth continues
DDD Group plc (AIM: DDD, ‘the Group’), the 3D solutions company, will report at its AGM later today that first quarter revenues were approximately $1,815,000, up 86% compared to the same period in 2011.
During the period, revenues derived from royalty bearing units shipped by OEM licensees, resellers, and direct-to-consumer software sales increased by 9% to 99% (Q1 2011: 90%).
Demand for the Group’s TriDef® 2D to 3D conversion products increased significantly in the first quarter of 2012, with approximately 3.5m units shipped, up 50% compared to the same period in 2011 and up 63% from the fourth quarter of 2011.
This brings the cumulative number of consumer devices shipped with TriDef 3D to more than 15 million units worldwide at the end of March 2012. Shipments by TV chip manufacturers grew 28% over the first quarter of 2011 while PC shipments grew 1,771% over the comparable period. Mobile phone shipments represented approximately 5% of the quarterly volume.