DDD Announces Preliminary H1 2006 Results

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2006

DDD Group plc (“DDD” or “the Company”), the 3D software and content company, announces its unaudited interim results for the six months ended 30 June 2006.
Highlights
Financial

  • Turnover of £146,000 (2005: £283,000)
  • Loss before tax of £1,028,000 (2005: £582,000)
  • Loss before tax, net of FRS 20 (share based payments) implementation and research and development expenditure refunds from the Australian government, of £912,000 (2005: £685,000)
  • Net cash outflow from operating activities of £844,000 (2005: £724,000)
  • Net cash as at 30 June 2006 of £625,000

Operational

  • Final hardware development milestone achieved with Arisawa Manufacturing Co., Ltd. (“Arisawa”) of Japan for the TriDef® Vision+ 3D set top box
  • Developed prototype 3D mobile phone in conjunction with Ocuity Limited, allowing comprehensive DDD Mobile™ software and content solution to be publicly demonstrated to mobile phone manufacturers and mobile phone network operators

Corporate

  • Appointment of Hans R. Snook, the founder and former Chief Executive of Orange and the current Chairman of MonsterMob Group PLC, to the board of DDD as a non-executive director
  • Placing of 11,500,000 ordinary shares of 10p each at a price of 11p per ordinary share raising approximately £1,182,000, after expenses

Subsequent to the period end -highlights

  • Signed a Heads of Agreement to supply 3D mobile content to a European mobile phone network operator for a trial project
  • Completed development of the TriDef Media Player software for real-time 2D to 3D conversion of high definition content
  • Received a refund of research and development expenditures from the Australian government amounting to approximately £140,000

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