D-BOX Technologies Announces Revenues of $5.0 Million for Its Last Quarter
(firmenpresse) - LONGUEUIL, QUEBEC -- (Marketwired) -- 02/12/15 -- Technologies D-BOX inc. (TSX: DBO), a leader in innovative motion technology, today announced revenues of $5.0 million for its third quarter ended December 31, 2014 compared to revenues of $4.6 million for the quarter ended December 31, 2013.
FINANCIAL HIGHLIGHTS
OPERATIONAL HIGHLIGHTS
Commenting on the quarterly realizations, Mr. Claude Mc Master, President and Chief Executive Officer of D-BOX, declared: "We are very pleased with the progression of our business since the beginning of the third quarter which was highlighted by the signing of 55 new theatre screens. We also proceeded with the launch of a new two-seat motion system which will allow us to enter new markets, and the launch of a new HEMC motion controller for home entertainment. These achievements will without any doubt contribute to the Corporation's future growth".
ADDITIONAL INFORMATION IN REGARDS TO THE THIRD QUARTER AND NINE-MONTH PERIOD ENDED DECEMBER 31, 2014
The financial information relating to the third quarter and nine-month period ended December 31, 2014 should be read in conjunction with the Corporation's condensed consolidated financial statements and Management's Discussion and Analysis dated February 12, 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, the investments related to new products and the strength of the backlog at the end of the quarter, D-BOX expects that the upward trend in revenue will continue. 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 (NET 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 (net loss).
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
800-765(PMJ)-0443 ext 700
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Datum: 12.02.2015 - 12:00 Uhr
Sprache: Deutsch
News-ID 371159
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LONGUEUIL, QUEBEC
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Arts & Culture
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