DDD Group, the 2D to 3D conversion specialists who’s TriDef technology powers automated conversion on consumer devices, report a 176% increase in turnover.
Turnover – excluding discontinued businesses – rose by 176% to $5,534,000 while losses from continuing operations before tax fell to $96,000 from $1,195,000 in 2010. Chief executive Chris Yewdall said: "We have firmly established our position of leadership for 2D to 3D conversion, with more than 12 million units of TriDef 3D technology shipped worldwide in key 3D consumer markets.”
"DDD is now operating cash generative and moved into profitability in the second half of 2011. In 2011, we signed a number of new licensees and moved towards a more balanced revenue composition that is less susceptible to seasonality or performance by any single licensee. As the market for 3D consumer devices continues to grow and diversify, we aim to further expand our licensee base in TVs, PCs and mobile devices, whilst delivering incremental value through services such as Yabazam paid content."
"We are confident that we can build further on the momentum achieved to date to maintain profitable growth in 2012."
Back in July, 3D Focus reported that DDD Group were linked to rumours that their 3D Factory service (which at the time, converted content from just $10,000 per hour) was being trialled by CBS to convert some of the network's back catalogue.
DDD Group's TriDef automated conversion solution has been integrated into a number of consumer goods and their online 3D portal Yabazam can now be accessed via Samsung and LG connected 3D TVs.
For more information about DDD Group click here.
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