D-BOX Technologies Reports Third Quarter Results – GlobeNewswire
February 14, 2022
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- Total revenues increased to $5.6 million from $3.0 million for the same period last year;
- Rights for use, rental and maintenance revenues increased 812% from $0.2 million for the same period last year to $2.1 million, driven by the exceptional performance of Spider-Man: No Way Home;
- Revenues related to systems sales increased 26% from $2.8 million for the same period last year to $3.5 million;
- Net loss decreased from $2.2 million for the same period last year to $0.3 million;
- Adjusted EBITDA* improved from $(1.3) million for the same period last year to $0.4 million;
- Cash and cash equivalents was $5.2 million as at December 31, 2021, compared with $9.1 million as at March 31, 2021.
LONGUEUIL, Quebec, Feb. 14, 2022 (GLOBE NEWSWIRE) — D-BOX Technologies Inc. (“D-BOX” or the “Corporation”) (TSX: DBO) a world leader in haptic and immersive experiences, today announced results for the third quarter of fiscal 2022 ended December 31, 2021. All dollar amounts are expressed in Canadian currency.
Third Quarter and Nine-month Period ended December 31 (in thousands of dollars, except per share amounts) |
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Third Quarter | Nine-month Period | |||||||
2021 | 2020 | 2021 | 2020 | |||||
Revenues | 5,578 | 2,997 | 14,341 |