Business
D-BOX Technologies announces the highest yearly revenues of its history
LONGUEUIL, QC, June 21, 2012 /CNW Telbec/ - D-BOX Technologies Inc. (TSX: DBO), a leader in...
About this update from D-box Technologies Inc. Class A
[{"type":"text","content":"\n\n\n\n\n\nLONGUEUIL, QC, June 21, 2012 /CNW Telbec/ - D-BOX Technologies Inc.\n (TSX: DBO), a leader in innovative motion technology, today announced\n revenues of $8,832,463 for the 2012 fiscal year which ended March 31,\n 2012 representing a 32% increase when compared to revenues of\n $6,684,740 for the 2011 fiscal year which ended March 31, 2011.\n\n\n\n\n\nFINANCIAL HIGHLIGHTS\n\n\nD-BOX records the highest yearly revenues of its history as the\n commercial theatre segment grows by 36% in comparison to last year;\n\n\nFor the fourth quarter and fiscal year ended March 31(in thousands of CA$ except per-share amounts) - audited\n\n\n \n\n\nQ4 2012\n\n\nQ4 2011\n\n\n \n\n\n2012\n\n\n2011\n\n\nRevenues\n\n\n2,583\n\n\n2,253\n\n\n \n\n\n8,832\n\n\n6,685\n\n\nNet loss\n\n\n(1,824)\n\n\n(1,184)\n\n\n \n\n\n(6,556)\n\n\n(6,152)\n\n\nBasic and diluted loss per share\n\n\n(0.011)\n\n\n(0.006)\n\n\n \n\n\n(0.040)\n\n\n(0.045)\n\n\nData from the consolidated balance sheets\n\n\n \n\n\nMarch 31, 2012\n\n\nMarch 31, 2011\n\n\nCash and cash equivalents  \n\n\n9,320\n\n\n20,940\n\n\nInventories\n\n\n4,667\n\n\n3,004\n\n\nSignificant improvement in cash flows from operations before changes in\n working capital items which amounted to a use of $438,233 for the\n fourth quarter of the 2012 fiscal year in comparison to a use of\n $754,865 in the previous quarter.\n\n\nCash flows from operations before changes in working capital items(in thousands of CA$)\n\n\n2012 Quarters\n\n\nQ1\n\n\nQ2\n\n\nQ3\n\n\nQ4\n\n\nTotal\n\n\n(1,125)\n\n\n(1,288)\n\n\n(755)\n\n\n(438)\n\n\n(3,606)\n\n\n\n\n\nOPERATIONAL HIGHLIGHTS\n\n\nAs of June 19, 2012 in the commercial theatre segment, 159 screens are\n equipped with D-BOX MFX systems, or are in backlog, in 11 countries;\n\n\nD-BOX continues to demonstrate its ability to continuously access\n quality movies in the commercial theatre segment. Since April 2009, 54\n movies were obtained internationally including 15 titles since January\n 1, 2012. Amongst all the movies obtained so far, more than half have\n ranked no 1 at the box office opening week-end; and\n\n\nThe Original Equipment Manufacturers (\"OEM\") segment gains from the\n impact the commercial theatre segment is having on the D-BOX brand and\n shows a revenue growth of 30%. These two segments continue to progress\n i...