Latest news with #DBOX
Globe and Mail
5 days ago
- Business
- Globe and Mail
D-BOX Reports Record Royalty Revenues and $2.0 Million Net Profit in First Quarter Fiscal 2026
Q1 Fiscal 2026 Highlights Record royalties of $4.0 million Record adjusted EBITDA 1 of $3.3 million Total revenues of $13.0 million Net profit of $2.0 million after a $0.9 million restructuring charge MONTREAL, Aug. 13, 2025 (GLOBE NEWSWIRE) -- D-BOX Technologies Inc. ('D-BOX' or the "Company") (TSX: DBO) today reported financial results for its first quarter ended June 30, 2025. 'In Q1 2026, D-BOX delivered robust financial performance with record royalty growth and strong profitability,' said Naveen Prasad, interim CEO of D-BOX. 'Following record revenues and net income performance for the full fiscal year 2025, the Company continues to demonstrate the strength of our royalty-focused model, expanded theatrical footprint and disciplined expense control.' Q1 2026 Operating Results In Q1 2026, total revenues were $13.0 million, up 49% year-over-year, driven primarily by the accelerated fulfillment of theatrical system sales in Q1 as well as record royalties performance of $4.0 million, partially offset by deceleration of sim racing customers in the first quarter. Royalty revenues increased 64% year-over-year, achieving both historical quarterly records for D-BOX in terms of the number of tickets sold, as well as dollar value ($4.0 million). The record royalties performance was due to a 12% year-over-year increase in active D-BOX screens to 1,047, as well as ongoing strength in the gross box office driven by blockbusters in the first quarter including A Minecraft Movie, How to Train Your Dragon, Mission: Impossible - The Final Reckoning and F1: The Movie. Royalties accounted for an increased 31% share of the Company's revenue mix. Simulation and training and sim racing customer groups were relatively flat and down 11%, year-over-year, respectively, in the first quarter. Adjusted EBITDA 1 for the quarter totaled a record $3.3 million, representing a 26% Adjusted EBITDA margin 1, up 23% year-over-year and demonstrating continued focus on cost control and operational efficiency. Net profit was $2.0 million and operating cash flow was $2.8 million, which would have been records of $2.9 million and $3.6 million, respectively, prior to a restructuring charge related to the CEO transition announced on June 4, 2025. Given the inherent variability and seasonality of quarterly sales, we emphasize the importance of assessing the Company's performance on a trailing twelve-month basis. (Amounts are in thousands of Canadian dollars) Q1 2026 Q1 2025 Var. ($) Var. (%) Revenues from System sales Theatrical 4,081 560 3,521 629 % Simulation and training 2,179 2,094 85 4 % Sim racing 2,301 2,590 (289) (11)% Other 483 1,082 (599) (55)% Total system sales 9,044 6,326 2,718 43 % Rights for use, rental and maintenance ("royalties") 3,994 2,436 1,558 64 % Total Revenues 13,038 8,762 4,276 49 % Balance Sheet and Liquidity D-BOX closed the first quarter of fiscal 2026 in a position of financial strength, with $2.8 million in operating cash flow, low-cost total debt of $1.4 million, and available liquidity including the undrawn portion of the line of credit of $18.5 million. SUPPLEMENTAL FINANCIAL DATA - UNAUDITED (Amounts are in thousands of Canadian dollars) Q1 2026 Q1 2025 Var. (%) Total Revenues 13,038 8,762 49 % Gross profit 7,316 4,551 61 % Operating expenses 2 5,339 4,824 11 % Operating income 2 1,977 (273) n.m. Adjusted EBITDA 1, 2 3,328 264 1161 % Financial expenses 25 136 (82)% Net profit (loss) 2 1,952 (419) n.m. Basic and diluted EPS 0.009 (0.002) n.m. Gross margin 1 56 % 52 % 4 p.p. Operating expenses as % of total revenues 1, 2 41 % 55 % (14) p.p. Operating margin 1, 2 15 % (3)% 18 p.p. Adjusted EBITDA margin 1, 2 26 % 3 % 23 p.p. Cash flows provided by operating activities 3 2,766 (1,461) n.m. As at (in thousands of Canadian dollars) June 30, 2025 March 31, 2025 Total debt 1 1,389 1,221 Cash and cash equivalents 10,450 7,812 Net cash (net debt) 1 9,061 6,591 Adjusted EBITDA (LTM) 1, 2 10,376 7,311 1) Please refer to "non-IFRS and other financial performance measures" in this press release 2) Included in Q1 FY2026 is a restructuring charge provision of $850 related to June 4, 2025 change in CEO 3) Included in Q1 FY2026 is a restructuring charge payment of $750 related to June 4, 2025 change in CEO n.m.= not meaningful This release should be read in conjunction with the Company's unaudited interim condensed consolidated financial statements and the Management's Discussion and Analysis dated August 13, 2025. These documents are available at All dollar amounts are expressed in Canadian currency (1) Please refer to "non-IFRS and other financial performance measures" in this press release 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 presented below: Three month periods 2025 2024 Net profit (loss) 1,952 (419) Amortization of property and equipment 318 259 Amortization of intangible assets 144 142 Financial expenses 25 136 Income taxes — 10 Share-based payments 52 64 Foreign exchange (gain) loss (13) 72 Restructuring costs 850 — Adjusted EBITDA 3,328 264 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 Technologies Inc. (TSX: DBO) is a global leader in haptic technology, delivering immersive motion experiences that engage the body and spark the imagination. Our patented systems synchronize motion, vibration, and texture with on-screen content, enhancing storytelling across various platforms. With over 25 years of innovation, D-BOX's solutions are utilized in movie theaters, sim racing, and simulation & training. Headquartered in Montreal, Canada, with offices in Los Angeles, USA, D-BOX continues to redefine how audiences experience media worldwide. Visit FOR FURTHER INFORMATION, PLEASE CONTACT: David Reid Chief Financial Officer D-BOX Technologies Inc. dreid@ D-BOX Media Relations media@ 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 Corporation, 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 Corporation'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 Corporation. 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 Corporation'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 Corporation's control. The risks, uncertainties and assumptions that could cause actual results to differ materially from the Corporation's expectations expressed in or implied by the forward-looking information include, but are not limited to, the sustainability of net profit driven by continued strength in royalty revenues, the ongoing positive impact of past cost control measures on future profitability, and the sustained strength and value creation driven by its overall business model and operational discipline. 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 discussed under 'Risk Factors' in the Corporation's annual information form for the fiscal year ended March 31, 2025, a copy of which is available on SEDAR+ at Except as may be required by Canadian securities laws, the Corporation 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 Corporation 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 Corporation or that the Corporation currently deems to be immaterial may also have a material adverse effect on the Corporation's business, financial condition or results of operations.
New York Post
03-08-2025
- Business
- New York Post
JPMorgan employees gripe about paying for ‘cutting-edge' fitness center at new HQ as they return to office full time
JPMorgan Chase CEO Jamie Dimon promised employees lots of goodies at its new 270 Park Avenue headquarters to ease their pain at having to return to the office five days a week. Amenities at the $3 billion skyscraper, opening this month, include a food hall with 19 cafes, displays of art from former bank chairman David Rockefeller's collection, and even an Irish pub. But some spoiled staffers crank that a much-touted, 'cutting-edge Fitness Center' won't come free, but require a monthly membership fee, as an internal memo informed them this week. Advertisement A rendering of JPMorgan Chase's new Park Avenue headquarters, which is due to open this month. = DBOX / Foster + Partners The memo didn't say how much it would cost, but 'more information will be available in the coming weeks.' 'It's truly a perk to be gifted the opportunity to spend money,' one complainant using the handle twbassist whined on Reddit. 'Honestly, I feel like going to the Equinox in the Grabyar Building, it's much better anyway,' wrote gethighinthesky. Advertisement Maximus9195 snarked on the platform, 'Shareholder value!' Another Reddit user said he wasn't defending the bank but, 'Could you imagine a gym that's free to 14,000-plus people? Sounds like an absolute nightmare.' Some 1,300 employees signed a petition last winter grumping about the back-to-the-office mandate from Dimon, who said his order was ironclad no matter what they thought. Advertisement JPM Morgan Chase CEO Jaime Dimon. via REUTERS 'The abuse [of work-from-home] was extraordinary,' Dimon said — a sentiment since shared by numerous other corporate chiefs who've ordered their troops back. JPMorgan Chase spokesman Michael Fusco flatly denied to Realty Check the claim by a Reddit poster, 'We were told [the fitness center] was free earlier [last] month.' Advertisement Fusco said, 'We never shared details on how it would operate since everything is still being finalized.' The 270 Park Ave. fitness center 'offers access to cardio, strength and recovery equipment, locker rooms, daily group exercise classes, a nutrition consultation and sessions with a Well-being Performance Coach,' according to the bank's memo.
North Wales Live
13-07-2025
- North Wales Live
Review: Dangbei MP1 Max projector ups image size, brightness and colour to a new level
Dangbei has upped the brightness and colour with its latest projector, which is now the flagship of its range, having taken over from the already excellent DBOX02. The MP1 Max takes a different tack to the DBOX by offering a hybrid Triple Laser/LED lens. This means you can pump up the size of an image to an incredible 300ins wide, while enjoying a brightness level that I've not see before at the price bracket. So, before we get into the tech jargon, here's what we are looking at. The MP1 Max is a sleek projector that comes with its own built-in stand capable of pointing the image pretty much anywhere you want (even on the ceiling). Because it's relatively compact, you can take it to your friends and neighbours easily enough, and it even comes with its own hard carrying case. And you're going to want to show this off! The 4K HDR projector can deliver 3100 ISO Lumens, which means you're not going to have to pull down all the blinds in a room to see it. The brightness is excellent, and it's this, as well as the vibrant colours, that gives the MP1 its edge. So the picture quality is superb, but what I was most surprised about was the quality of the in-built Dolby Audio speakers. They're 12W but with a larger acoustic chamber than other Dangbai projectors. This seemed to make a real difference to my ears. And that's just as well, because you are a little limited when it comes to external options (more of which later). Setting up the device is quick and simple. The MP1 uses Google TV as its operating system and has licensed Netflix integration, and so you get a smooth experience whatever your streaming options. One thing to note, though, is BBC iPlayer is still sadly lacking from the Google store so you'll have to connect to another peice of hardware to play EastEnders at supersize! The Bluetooth remote is nicely designed and has specific buttons for YouTube, Netflix and Amazon. This same Bluetooth means you can also connect to wireless speakers. I tested this out and didn't experience any lag, which I found was an issue with the DBOX02. Dangbei's InstanPro AI Image Setup Technology is among the best in the business and had just been upgraded, offering automated focus, real-time Keystone correction, screen fit, obstacle avoidance, and AI brightness adjustment. It makes it all super easy, not that taking manual control is particularly difficult. Although the automated settings were so good I never really felt the need to fiddle too much. It's worth noting the Keystone correction is dealt with by software and not hardware, meaning there is some light bleed that might turn off the purist. To be honest, after a couple of minutes you won't even notice it. For TV and movies, the MP1 smashes it out of the park. The quality is stunning and thanks to all those ISO Lumens, it shines no matter how light it is in the room. It also handles gaming with ease thanks to the 240Hz refresh rate. It's fast and reactive, and you can't beat playing Mario on a massive screen. There is a high-performance mode, but I wouldn't recommend it as the fans immediately go crazy and everything else seems to go to pot (or at least feels like it). Which brings me on to a couple of little caveats. Under normal use I wouldn't call the fans whisper quiet. If you're watching a blockbuster you won't notice, but quieter fare might well suffer. You get two HDMI ports to play with, as well as a headphone jack and USB-A, but no optical audio. I found this a little puzzling as this could be a deal breaker for the true home cinephile. Also, it does support 3D and while I have no way of testing this feature, other users say they have found it to be a little underwhelming. Another thing to note is the lifespan has been quoted to me as being more than 20,000 hours. Let feels like plenty, but is down from the 30,000 range boasted by the DBOX02. So if you're using it for a couple of hours a day it will last way over 20 years. So it is the flagship but it's missing a couple of high-end features in return, I guess, for portability. It's a comprimise I can live with. The MP1 Max is the best and brightest Dangbei yet, and delivers a powerful viewing experience - no matter where you are.
