D-BOX Announces Increased Quarterly Revenues and a Positive Adjusted EBITDA for Second Consecutive Quarter
(firmenpresse) - LONGUEUIL, QUEBEC -- (Marketwire) -- 11/14/12 -- D-BOX Technologies Inc. (TSX: DBO), a leader in innovative motion technology, today announced revenues of $3,707,717 for its second quarter ended September 30, 2012 representing a 83% increase in comparison to revenues of $2,029,899 realized in the second quarter of the previous fiscal year. Also, for the second consecutive time, D-BOX generates a positive adjusted EBITDA.
Quarterly highlights of the second quarter of the 2013 fiscal year
(i) See the reconciliation table at the end of this press release
Commenting on the quarterly realizations, Mr. Claude Mc Master, President and Chief Executive Officer of D-BOX declared: "I am very optimistic in regards to upcoming quarters given the current revenue growth of our two business segments as a result of our business development initiatives coupled with a tight control of our operating expenses which clearly demonstrate we are on the right track."
Additional informational in regards to three and six-month periods ended September 30, 2012
The financial information in regards to the three and six-month periods ended September 30, 2012 should be read in conjunction with the Corporation's consolidated financial statements and Management's Discussion and Analysis dated November 12, 2012. These documents are available at the website.
Outlook
Broadly speaking, D-BOX will focus on two major development segments: commercial theatres and OEMs, who each target a specific business market.
In light of the evolution of its sales and a relatively fixed short-term cost structure, D-BOX aims at continuing to maintain a positive adjusted EBITDA provided this figure may remain subject to a certain level of volatility.
Reconciliation of the adjusted EBITDA to the net loss
The adjusted EBITDA designates net loss before items not affecting cash, the foreign exchange gain or loss, financial expenses, interest income, and income taxes. This measure supplies useful and complementary information which allows amongst others to evaluate profitability and cash flows provided by operations.
The following table explains the reconciliation of the adjusted EBITDA to the net loss:
(i) See the "Non-IFRS financial measures in the management discussion and analysis dated November 12, 2012".
(ii) The foreign exchange loss includes an unrealized foreign exchange loss of $599 k for the quarter ended September 30, 2012 and $429 k for the six-month period ended September 30, 2012.
About D-BOX
D-BOX Technologies Inc. designs, manufactures and markets cutting-edge motion systems intended mainly for the entertainment and industrial simulation industries. This unique and patented technology, D-BOX Motion Code, uses motion effects specifically programmed for each visual content which are sent to a motion system integrated into a platform, a seat or any other product. The resulting motion is perfectly synchronized with the on-screen action, thus creating an unparalleled realistic immersive experience. As of today, many major studios offer D-BOX Motion Code on their motion pictures in commercial theatres, on DVDs and Blu-rays. By reaching agreements with various industry leaders, D-BOX's award-winning motion technology is gradually proving itself as a new global standard. D-BOX is a public company whose shares are traded on the Toronto Stock Exchange under the symbol DBO.
D-BOX® and D-BOX Motion Code® are registered trademarks of D-BOX Technologies Inc. Other names are for informational purposes only and may be trademarks of their respective owners.
For more information, please visit D-BOX's website at
Disclaimer in regards to forward-looking statements
Certain statements included herein, including those that express management's expectations or estimates of our future performance, constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward-looking statements. The Corporation disclaims any intent or obligation to update publicly these forward looking statements, whether as a result of new information, future events or otherwise.
Contacts:
Luc Audet
Vice-President and Chief Financial Officer
D-BOX Technologies Inc.
450-442-3003 ext 296
Investor Relations
Marc Jasmin CMA, President
Jasmin Financial Communications
514-231-2360
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Datum: 14.11.2012 - 06:00 Uhr
Sprache: Deutsch
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