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October 28, 2011 4:05 pm
After 10 years on Aim DDD Group, the three-dimensional imaging technology specialist, is on something of a roll.
Last month it reported a jump in first-half revenues to $2.3m, exceeding the total for the whole of 2010, and was positive at the earnings before interest, tax, depreciation and amortisation (ebitda) level for the first time.
On Monday it announced a licensing agreement with Sony, which is using the company’s TriDef 3D system for automatic conversion of two-dimensional images in both games and photo viewing on its latest laptop computers.
Chris Yewdall, chief executive, described the deal as “our biggest PC licence to date”, and claimed that TriDef was “fast becoming an industry standard”.
When the company raised £3.5m gross in May last year, the placing price was 25p a share. Canaccord Genuity, its broker, is forecasting a maiden pre-tax profit of $200,000 on revenues up from $2m to $5.5m for the full year, and said that consumer acceptance of the technology was rising as prices of 3D displays fall. It has set a target price of 50p.
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