Incorta Introduces Intelligent Accounts Payable Agent for Google Cloud's Agentspace, Supports New A2A Protocol for Cross-Agent Collaboration
FOSTER CITY, Calif., April 22, 2025 (GLOBE NEWSWIRE) — Incorta , the pioneering open data delivery platform, was featured in Google Next's keynote, where it announced the launch of the Incorta AP Agent, an AI-powered solution that transforms accounts payable workflows with real-time operational insights and automation. Built for Google Cloud's Agentspace, the Incorta AP Agent marks a major leap forward in finance modernization—combining natural language querying, ERP data integration, and intelligent automation to dramatically enhance control, compliance, and efficiency for enterprise AP teams.
At the same time, Incorta is proud to be an early partner supporting Google Cloud's newly introduced Agent-to-Agent (A2A) protocol , a first-of-its-kind open standard that enables AI agents to securely collaborate across enterprise systems and vendors.
'Businesses today don't just need better data, they need the ability to act on that data instantly,' said Osama Elkady, CEO and co-founder of Incorta. 'With the AP Agent and support for A2A, we're helping customers unlock the full potential of agentic AI, moving beyond dashboards into a future where enterprise workflows are truly intelligent, connected, and automated.'
Meet the Incorta AP Agent: Smarter Finance Starts Here
The Incorta AP Agent eliminates bottlenecks from fragmented systems and manual invoice processing by delivering direct access to ERP data through conversational AI. Finance teams can now detect errors instantly, automate compliance actions, and reclaim time for strategic initiatives.
Key Benefits: Real-Time Error Detection
Identifies pricing discrepancies instantly using AI and ERP data.
Identifies pricing discrepancies instantly using AI and ERP data. Conversational Data Access
Enables natural language queries without technical skills.
Enables natural language queries without technical skills. Enhanced Financial Control
Automatically places invoice holds to enforce contract compliance.
Automatically places invoice holds to enforce contract compliance. Increased Operational Efficiency
Frees AP teams from repetitive tasks, shifting focus to strategic initiatives.
Under the hood, the Incorta AP Agent leverages Incorta's Direct Data Mapping®, ensuring secure, source-identical data is always accessible, always current, and always analytics-ready.
Scaling Intelligence Across the Enterprise with A2A
To support broader enterprise automation, Incorta is also among the first partners backing Agent2Agent (A2A)—a new open protocol from Google Cloud that enables AI agents to securely communicate, coordinate, and collaborate, regardless of vendor or platform.
A2A represents a shared industry vision for interoperable AI. By allowing agents to dynamically discover capabilities, share context, and delegate tasks, the protocol accelerates complex, multi-agent enterprise workflows.
'Incorta is excited to support A2A and advance agent communication for customers, making the future of enterprise automation smarter, faster, and truly data-driven,' added Elkady.
The combination of Incorta's intelligent agents and A2A's interoperability empowers customers to orchestrate smarter decision-making and automation across functions, starting with AP and expanding to procurement, finance, supply chain, and beyond.
About Incorta
Incorta is the first and only open data delivery platform that enables real-time analysis of live, detailed data across all systems of record—without the need for complex ETL processes. By enabling direct analysis on raw, source-identical data, Incorta provides faster, more accurate insights while removing barriers to exploration. With intuitive low-code/no-code tools, AI-powered querying through Nexus, and prebuilt business data applications, enterprise teams can quickly surface insights, break down technical roadblocks, and make smarter decisions without heavy engineering effort. For more information, please visit www.incorta.com.
Media Relations Contact:
Elizabeth Byington
[email protected]
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
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Royalty-driven Model delivers Strong Margin Expansion and Cash Generation; Leadership Transition positions Company for Next Phase of Growth All dollar amounts are expressed in Canadian currency(1) Please refer to "non-IFRS and other financial performance measures" in this press release Fiscal 2025 Highlights Record total revenues of $42.8 million, up 8% vs. FY 2024 Record royalties of $11 million, up 27% vs. FY 2024 Adjusted EBITDA1 of $7.3 million, or 17% of total revenues, up 9 pts vs. FY 2024 Net profit of $3.9 million, up 254% year-over-year, or fully diluted EPS of $0.02 Cash flow from operating activities of $7.3 million Liquidity of approximately $16 million as of March 31, 2025 Fourth Quarter Highlights Total revenues of $8.6 million, down 15% vs. Q4 2024 Royalties of $2.2 million, up 5% year-over-year Adjusted EBITDA margin1 of 18%, up 12 pts vs. Q4 2024 Net profit of $0.7 million MONTREAL, June 10, 2025 (GLOBE NEWSWIRE) -- D-BOX Technologies Inc. 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(%) Revenues from System sales Theatrical 992 4,443 (3,451) (78%) 10,362 11,305 (943) (8%) Simulation and training 2,408 1,635 773 47% 8,606 8,825 (219) (2%) Sim racing 2,682 1,290 1,392 108% 10,020 7,112 2,908 41% Other 286 685 (399) (58%) 2,771 3,656 (885) (24%) Total system sales 6,368 8,053 (1,685) (21%) 31,759 30,898 861 3% Rights for use, rental and maintenance ("royalties") 2,241 2,126 115 5% 11,028 8,699 2,329 27% Total Revenues 8,609 10,179 (1,570) (15%) 42,787 39,597 3,190 8% Leadership Transition As announced on June 4, 2025, the Board appointed Naveen Prasad as Interim CEO, effective June 10, following the departure of Sébastien Mailhot. 'It has been an incredible journey over the past five years,' said Sébastien Mailhot. 'I am very proud of how we have grown revenues and significantly improved profitability while building a team that is now well-positioned for the future. I leave knowing that D-BOX has tremendous opportunities ahead. 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(%) Total Revenues 8,609 10,179 (15%) 42,787 39,597 8% Gross profit 4,661 4,734 (2%) 22,327 18,660 20% Operating expenses 3,875 4,052 (4%) 17,991 17,005 6% Operating income 786 682 15% 4,336 1,655 162% Adjusted EBITDA1 1,578 620 155% 7,311 3,056 139% Financial expenses 61 97 (37%) 452 590 (23%) Net profit 720 585 23% 3,858 1,058 265% Basic and diluted EPS 0.003 0.003 n.m. 0.017 0.005 260% Gross margin1 54% 47% 7 p.p. 52% 47% 5 p.p. Operating expenses as % of total revenues1 45% 40% 5 p.p. 42% 43% (1 p.p.) Operating margin1 9% 7% 2 p.p. 10% 4% 6 p.p. Adjusted EBITDA margin1 18% 6% 12 p.p. 17% 8% 9 p.p. Cash flows provided by operating activities 7,324 3,125 134% As at (in thousands of Canadian dollars) Mar. 31, 2025 Mar. 31, 2024 Total debt1 1,221 2,468 Cash and cash equivalents 7,812 2,916 Net cash (net debt) 1 6,591 448 Adjusted EBITDA (LTM) 1 7,311 3,056 Total debt to adjusted EBITDA (LTM) 1 0.2x 0.8x 1) Please refer to "non-IFRS and other financial performance measures" in this press release2) Results for the fourth quarter and full year 2024 reflect a $0.5 million one-time gain on the sale of an investment. n.m.= not meaningful This release should be read in conjunction with the Company's audited consolidated financial statements and the Management's Discussion and Analysis dated June 10, 2025. These documents are available at NON-IFRS AND OTHER FINANCIAL PERFORMANCE MEASURES D-BOX uses the following non-IFRS financial performance measures in its MD&A and other communications. The non-IFRS measures do not have any standardized meaning prescribed by IFRS and are unlikely to be comparable to similarly titled measures reported by other companies. Investors are cautioned that the disclosure of these metrics is meant to add to, and not to replace, the discussion of financial results determined in accordance with IFRS. Management uses both IFRS and non-IFRS measures when planning, monitoring and evaluating the Company's performance. The non-IFRS performance measures are described as follows: Adjusted EBITDA EBITDA represents earnings before interest and financing, income taxes and depreciation and amortization. Adjustments to EBITDA are for items that are not necessarily reflective of the Company's underlying operating performance. As there is no generally accepted method of calculating EBITDA, this measure is not necessarily comparable to similarly titled measures reported by other issuers. Adjusted EBITDA provides useful and complementary information, which can be used, in particular, to assess profitability and cash flow from operations. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by total revenues. A reconciliation of net profit to Adjusted EBITDA margin is in the Company's Management's Discussion and Analysis dated June 10, 2025. Total Debt, Net Debt and Total Debt to Adjusted EBITDA Total debt is defined as the total bank indebtedness, long-term debt (including any current portion), and net debt is calculated as total debt net of cash and cash equivalents. The Company considers total debt and net debt to be important indicators for management and investors to assess the financial position and liquidity of the Company and measure its financial leverage. These measures do not have any standardized meanings prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Total debt to Adjusted EBITDA ratio is calculated as total net debt divided by the last four quarters Adjusted EBITDA. We believe that total debt to Adjusted EBITDA is a useful metric to assess the Company's ability to manage debt and liquidity. Supplementary Financial Measures Gross margin is defined as gross profit divided by total revenues. Operating expenses as a percentage of sales are defined as operating expenses divided by total revenues. Operating margin is defined as operating income divided by net sales. ABOUT D-BOX D-BOX creates and redefines realistic, immersive experiences by moving the body and sparking the imagination through effects: motion, vibration and texture. D-BOX has collaborated with some of the best companies in the world to deliver new ways to enhance great stories. Whether it's films, video games, music, relaxation, virtual reality applications, metaverse experience, themed entertainment or professional simulation, D-BOX creates a feeling of presence that makes life resonate like never before. D-BOX Technologies Inc. (TSX: DBO) is headquartered in Montreal with presence in Los Angeles and China. Visit DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS Certain information included in this press release may constitute 'forward-looking information' within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding the future plans, activities, objectives, operations, strategy, business outlook, and financial performance and condition of the Company, or the assumptions underlying any of the foregoing. In this document, words such as 'may', 'would', 'could', 'will', 'likely', 'believe', 'expect', 'anticipate', 'intend', 'plan', 'estimate' and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information, by its very nature, is subject to numerous risks and uncertainties and is based on several assumptions which give rise to the possibility that actual results could differ materially from the Company's expectations expressed in or implied by such forward-looking information and no assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including but not limited to the future plans, activities, objectives, operations, strategy, business outlook and financial performance and condition of the Company. Forward-looking information is provided in this press release for the purpose of giving information about Management's current expectations and plans and allowing investors and others to get a better understanding of the Company's operating environment. However, readers are cautioned that it may not be appropriate to use such forward-looking information for any other purpose. Forward-looking information provided in this document is based on information available at the date hereof and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. The risks, uncertainties and assumptions that could cause actual results to differ materially from the Company's expectations expressed in or implied by the forward-looking information include, but are not limited to, international trade regulations; concentration of clients; dependence on suppliers; performance of content; exchange rate between the Canadian dollar and the U.S. dollar; ability to implement strategy; consumer preferences and trends; political, social and economic conditions; strategic alliances; credit risk; competition; access to content; technology standardization; future funding requirements; distribution network; indebtedness; global health crises; warranty, recalls and claims; dependence on key personnel and labour relations; legal, regulatory and litigation; intellectual property; security and management of information; and reputational risk through social media. These and other risk factors that could cause actual results to differ materially from expectations expressed in or implied by the forward-looking information are outlined under 'Risk Factors' in the Company's management's discussion and analysis for the period ended March 31, 2025, and discussed in greater detail in the most recently filed Annual Information Form dated June 10, 2025, a copy of which is available on SEDAR+ at Except as may be required by Canadian securities laws, the Company does not intend nor does it undertake any obligation to update or revise any forward-looking information contained in this press release to reflect subsequent information, events, circumstances or otherwise. The Company cautions readers that the risks described above are not the only ones that could have an impact on it. Additional risks and uncertainties not currently known to the Company or that the Company currently deems to be immaterial may also have a material adverse effect on the Company's business, financial condition or results of operations. CONTACT INFORMATION Josh Chandler Chief Financial OfficerD-BOX Technologies Inc.514-928-8043jchandler@
