D-BOX Technologies Announces Record Quarterly and Annual Net Income and Adjusted EBITDA
(firmenpresse) - LONGUEUIL, QUEBEC -- (Marketwired) -- 06/19/15 -- D-BOX Technologies inc. (TSX: DBO), a leader in innovative motion technology, today announced revenues of $20.6 million for the 2015 fiscal year ended March 31, 2015 which represents a 17% increase in comparison to revenues of $17.6 million for the fiscal year ended March 31, 2014.
FINANCIAL HIGHLIGHTS
(i) See the reconciliation table of adjusted EBITDA to the net income (loss) below.
OPERATIONAL HIGHLIGHTS
Commenting the quarter and year realizations, Mr. Claude Mc Master, President and Chief Executive Officer of D-BOX, declared: "We are very pleased with our results for the fourth quarter and the fiscal year 2015 showing a sustained growth in revenue and achieving the best net income and adjusted EBITDA of our history. This upward trend in revenue validates our focused strategic plan and bodes well for the upcoming fiscal year."
ADDITIONAL INFORMATION WITH RESPECT TO THE FISCAL YEAR AND FOURTH QUARTER ENDED MARCH 31, 2015
The financial information relating to the fourth quarter and fiscal year ended March 31, 2015 should be read in conjunction with the Corporation''s condensed consolidated financial statements and Management''s Discussion and Analysis dated June 18, 2015. 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, D-BOX anticipates that the general upward trend in revenue should be maintained.
In combination with this expected growth of revenue, D-BOX also forecasts to gradually increase the level of its operating expenses aiming, amongst others, to support the sales and marketing of technological innovations that will help solidify D-BOX''s position in existing sub-markets and will facilitate entering new ones. Generally speaking, the Corporation aims to maintain a positive adjusted EBITDA and intends to manage its operations accordingly.
RECONCILIATION OF THE ADJUSTED EBITDA TO NET INCOME (LOSS)(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 (loss).
(ii) See the "Non-IFRS" measures section in the Management Discussion and Analysis dated June 18, 2015.
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®, LIVE THE ACTION®, MOTION ARCHITECTS® and MOVE THE WORLD™ 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: 19.06.2015 - 05:00 Uhr
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