DDD (LON:DDD) - Strong performance in FY12
Feb 06th 2013 - Edison Investment Research today published a report on DDD (DDD.L, LSE:DDD, LON:DDD) entitled "Strong Performance In FY12". In summary, the report says:
DDD provided a FY12 trading update highlighting that total revenue for FY12 is expected to be $8.6m, up 56% from FY11. Gross margin is expected to be 97%, up from 94% in FY11. With both these metrics ahead of our estimates ($8.0m revenue and 95% gross margin), we are raising our normalised FY12 EPS estimate to 0.9c, up from 0.6c. This is a strong performance, as the group continues to leverage demand for its TriDef 3D technologies, with c 15m units shipped in FY12, up 67% from FY11. We are maintaining our FY13 estimate at present and will review this when DDD reports its full FY12 results, expected in April. The balance sheet remains strong with net cash rising $0.5m...
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