Strong And Diversified Q1 Growth At its 12 June AGM, DDD Group PLC reported that Q112 revenues came in at $1.8m, a rise of 86% versus Q111. Some 3.5m units of the group’s TriDef 2D to 3D conversion products were shipped in Q112, up 50% on Q111 and up 63% on Q411. Importantly, shipments are broadening out across product type, with a strong contribution from the higher royalty rate PC segment. In addition, mobile phone TriDef shipments represented 5% of Q1 volume. The high Q1 revenue growth provides solid comfort for the group to meet our FY12 estimates, with a good opportunity to surpass. To complement further growth, DDD is making good progress to integrate its software into the sizeable I-Cafe market in China and with its ‘3D Everywhere’ initiative via its Yabazam! 3D app, launched so far on both LG and Samsung’s Smart TVs this year.
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