Associated tags: TSX, Motion, Corporation
Locations: LONGUEUIL, QC, CA, AUSTRALIA, CHINA, BEIJING, NEW ZEALAND, USA, AMERICAS, LOS ANGELES
MONTREAL, May 30, 2024 (GLOBE NEWSWIRE) -- D-BOX Technologies Inc. (“D-BOX” or the "Corporation") (TSX: DBO) a world leader in haptic and immersive experiences, today reported financial results for the fourth quarter and fiscal year ended March 31, 2024. All dollar amounts are expressed in Canadian currency.
Key Points:
- There were 31 net new screen installations in the quarter, bringing the total number of active D-BOX screens to 929 at quarter end.
- Gross profit excluding amortization decreased to $5.0 million from $5.2 million for the same period in the previous year.
- Net profit was $620 thousand compared to a loss of $115 thousand a year earlier.
- During the presentation, management will discuss the Corporation’s fourth quarter and year end results and outlook.
Together, they will bring D-BOX’s immersive haptic seats to more than 50 additional Cinemark auditoriums in 2024.
Key Points:
- Together, they will bring D-BOX’s immersive haptic seats to more than 50 additional Cinemark auditoriums in 2024.
- The expansion emphasizes D-BOX's unwavering commitment to enhancing the theatrical experience for moviegoers, while solidifying its position as a pioneer in immersive technology innovation.
- This announcement builds on a long-standing relationship that has introduced state-of-the-art haptic technology to more than 325 auditoriums across Cinemark’s global circuit.
- "We are thrilled to grow our partnership with Cinemark to bring D-BOX haptic seats to even more moviegoers across the globe,” said Sébastien Mailhot, President and CEO at D-BOX.
MONTREAL, April 02, 2024 (GLOBE NEWSWIRE) -- D-BOX Technologies Inc. (“D-BOX” or the “Corporation”) (TSX:DBO), a world leader in haptic and immersive entertainment, is pleased to announce the appointment of Joshua Chandler (CFA, MBA) as Chief Financial Officer of the Corporation, effective April 22, 2024.
Key Points:
- MONTREAL, April 02, 2024 (GLOBE NEWSWIRE) -- D-BOX Technologies Inc. (“D-BOX” or the “Corporation”) (TSX:DBO), a world leader in haptic and immersive entertainment, is pleased to announce the appointment of Joshua Chandler (CFA, MBA) as Chief Financial Officer of the Corporation, effective April 22, 2024.
- He will supervise the financial and operational activities of the Company.
- “We are very happy to welcome Mr. Chandler to our executive team,” says Sébastien Mailhot, President and CEO of D-BOX.
- Sébastien Mailhot, President and CEO of D-BOX, has been appointed as Interim Chief Financial Officer of the Corporation for the period of March 31, 2024, the effective date of resignation of the former chief financial officer of the Corporation, to April 22, 2024.
Retrieved on:
Tuesday, February 13, 2024
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Film industry MONTREAL, Feb. 13, 2024 (GLOBE NEWSWIRE) -- D-BOX Technologies Inc. (“D-BOX” or the "Corporation") (TSX: DBO) a world leader in haptic and immersive experiences, today reported financial results for the third quarter ended December 31, 2023. All dollar amounts are expressed in Canadian currency.
Key Points:
- During the quarter, there were 19 net new screen installations in the theatrical business compared to 27 for the same period last year.
- Operating expenses for the quarter were $4.0 million, or 50% of revenues, compared to $4.6 million, or 44% of revenues, in the same quarter a year earlier.
- Net loss for the quarter was $425 thousand compared with a net loss of $110 thousand a year earlier.
- During the presentation, management will discuss the Corporation’s third quarter results and outlook for the balance of the fiscal year.
MONTREAL, Jan. 15, 2024 (GLOBE NEWSWIRE) -- D-BOX Technologies Inc. (“D-BOX” or the “Corporation”) (TSX: DBO), announces that Mr. David Montpetit, the Corporation’s Chief Financial Officer, will be leaving the Corporation on March 31, 2024.
Key Points:
- MONTREAL, Jan. 15, 2024 (GLOBE NEWSWIRE) -- D-BOX Technologies Inc. (“D-BOX” or the “Corporation”) (TSX: DBO), announces that Mr. David Montpetit, the Corporation’s Chief Financial Officer, will be leaving the Corporation on March 31, 2024.
- The departure of Mr. Montpetit will take effect on March 31, 2024.
- He will work closely with Mr. Mailhot during the coming months to ensure an orderly transition of his responsibilities.
- In the meantime, the Corporation will initiate a process of finding a new Chief Financial Officer.
Retrieved on:
Friday, November 10, 2023
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Video game Second quarter revenues increased 77% to $10.9 million compared with $6.1 million for the same quarter a year ago.
Key Points:
- Second quarter revenues increased 77% to $10.9 million compared with $6.1 million for the same quarter a year ago.
- Operating expenses for the quarter were $4.3 million, or 40% of revenues, compared to $3.7 million, or 61% of revenues, in the same quarter a year earlier.
- Adjusted EBITDA increased to $1.1 million from $38 thousand in the second quarter of last year.
- During the presentation, management will discuss the Corporation’s second quarter results, its renewed focus on the professional simulation and training market, and its outlook.
Retrieved on:
Thursday, November 2, 2023
The Playseat® D-BOX Motion Platform has been specifically designed to integrate D-BOX actuators and will be available to their global reseller network in the coming weeks.
Key Points:
- The Playseat® D-BOX Motion Platform has been specifically designed to integrate D-BOX actuators and will be available to their global reseller network in the coming weeks.
- With Playseat® being a dominant global leader in its sector, this partnership reaffirms D-BOX’s leadership and commitment to being the best and most realistic haptic experience provider in the Sim Racing sector.
- “Everyone knows Playseat®, they’ve been in business for nearly 25 years with their first revolutionary racing chair hitting the market in 1995.
- Since then, they’ve defined the sim racing market by bringing innovative designs you can find today in racing cars, to millions of users around the world.
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Bank The upsized line of credit will be secured by first-ranking hypothec and security interests on all movable/personal property of the Corporation and its U.S. subsidiary and a guarantee from Export Development Canada.
Key Points:
- The upsized line of credit will be secured by first-ranking hypothec and security interests on all movable/personal property of the Corporation and its U.S. subsidiary and a guarantee from Export Development Canada.
- “A special thank you to the Economic Development Agency of Canada for helping us secure the amendments to our line of credit.
- The upsizing of our line of credit and the extended maturities on our term loans provide greater flexibility in our treasury management while reducing our financial cost.
- “We believe in the growth potential of D-BOX as well as in their business strategy, and are pleased to support them in their future projects.”
Retrieved on:
Friday, September 29, 2023
“We understand that shareholders believe we have made the right decision by creating a strategic review committee tasked with reviewing all strategic alternatives available to D-BOX,” said the Chair of the Board of Directors of the Corporation, Mr. Denis Chamberland.
Key Points:
- “We understand that shareholders believe we have made the right decision by creating a strategic review committee tasked with reviewing all strategic alternatives available to D-BOX,” said the Chair of the Board of Directors of the Corporation, Mr. Denis Chamberland.
- On a different note, during the Meeting, Mr. Sébastien Mailhot, the Chief Executive Officer of the Corporation, discussed in his address to shareholders on last year’s highlights and fiscal 2024, among other things, the Corporation’s expansion in theatrical venues.
- This outlook is subject to certain assumptions, risk and uncertainties and actual results could vary.
- Please refer to the “Caution Regarding Forward-Looking Information” section of this press release for additional information on those assumptions, risks and uncertainties.
Retrieved on:
Wednesday, August 16, 2023
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Stifel MONTRÉAL, Aug. 16, 2023 (GLOBE NEWSWIRE) -- D-BOX Technologies Inc. (“D-BOX” or the “Corporation”) (TSX: DBO) today announced certain details regarding the creation of a strategic review committee (the “Strategic Review Committee” or the “Committee”) of its board of directors (the “Board”) and that it will hold its annual meeting of shareholders (the “Meeting”) on September 28, 2023.
Key Points:
- MONTRÉAL, Aug. 16, 2023 (GLOBE NEWSWIRE) -- D-BOX Technologies Inc. (“D-BOX” or the “Corporation”) (TSX: DBO) today announced certain details regarding the creation of a strategic review committee (the “Strategic Review Committee” or the “Committee”) of its board of directors (the “Board”) and that it will hold its annual meeting of shareholders (the “Meeting”) on September 28, 2023.
- The Corporation announced that the Board formed the Strategic Review Committee to evaluate strategic alternatives potentially available to D-BOX as well as their respective implications, and to proceed with a formal strategic review process with a view to enhance shareholder and stakeholder value in the long term.
- Following its constitution, the Committee retained Stifel Nicolaus Canada Inc. (“Stifel”) as its financial and strategic advisor.
- These documents will be available on D-BOX’s profile on SEDAR+ at www.sedarplus.ca and on D-BOX’s website at www.d-box.com .
