D-BOX Technologies Announces Its Quarterly Results: Increase of the Adjusted EBITDA and a First Net Income
(firmenpresse) - LONGUEUIL, QUEBEC -- (Marketwired) -- 11/11/14 -- D-BOX Technologies inc. (TSX: DBO), a leader in innovative motion technology, today announced revenues of $4.4 million for its second quarter ended September 30, 2014 compared to revenues of $4.5 million for the quarter ended September 30, 2013. The Corporation also records its first net income at $192 k and increases its adjusted EBITDA(i) by 62% to $372 k.
FINANCIAL HIGHLIGHTS
(i) See the reconciliation table of adjusted EBITDA to the net loss below.
OPERATIONAL HIGHLIGHTS
Commenting on the quarterly realizations, Mr. Claude Mc Master, President and Chief Executive Officer of D-BOX, declared: "D-BOX continues its growth by signing important agreements in the entertainment market and through a very favourable positioning in the industrial market with new products in their first phase of commercialization. Considering the inroads we are achieving and the strengthening of our team through recent hires, I am confident towards our mid-term business opportunities."
ADDITIONAL INFORMATIONS IN REGARDS TO THE SECOND QUARTER AND SIX-MONTH PERIOD ENDED SEPTEMBER 30, 2014
The financial information relating to the second quarter and six-month period ended September 30, 2014 should be read in conjunction with the Corporation''s condensed consolidated financial statements and Management''s Discussion and Analysis dated November 10, 2014. These documents are available at
OUTLOOK
D-BOX focuses on two major development areas: the entertainment market and the industrial market which have their respective sub-markets. In light of the business development activities in each of these two markets as well as investments related to new products launched recently or that will soon be launched, D-BOX expects to maintain the upward trend in revenue. In conjunction with the anticipated growth in revenue, D-BOX expects to gradually increase the level of its operating expenses related to sales, marketing research and development that will support the commercialization of new products. In general, the Corporation aims, however, to maintain a positive adjusted EBITDA and intends to manage its operations based on attaining this objective.
RECONCILIATION OF THE ADJUSTED EBITDA TO NET INCOME (ii)
The adjusted EBITDA allows to evaluate the Corporation''s profitability and its capacity to generate funds from its operating activities. It designates the net income (net loss) before items not affecting cash, the foreign exchange gain or loss, financial expenses, interest income and income taxes.
The following table explains the reconciliation of adjusted EBITDA to the net income (net loss).
(ii) See the "non-IFRS" measures section in the Management Discussion and Analysis dated November 10, 2014.
ABOUT D-BOX
D-BOX Technologies Inc. designs, manufactures and commercialize cutting-edge motion systems intended for the entertainment and industrial markets. This unique and patented technology uses motion effects specifically programmed for each visual content which are sent to a motion system integrated into either 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.
D-BOX®, D-BOX Motion Code®, Motion Architects® and Architectes du Mouvement® are trademarks of D-BOX Technologies Inc. Other names are for informational purposes only and may be trademarks of their respective owners.
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 CPA, CMA, President
PMJ Communications
514-231-2360
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Datum: 11.11.2014 - 06:58 Uhr
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