Business
D-BOX Technologies reports a strong increase of its quarterly sales
Buoyed by the company's two segments, revenue growth reaches 90% for the first quarter ended...
About this update from D-box Technologies Inc. Class A
[{"type":"text","content":"\n\n\n\n\n\nBuoyed by the company's two segments, revenue growth reaches 90%\nfor the first quarter ended June 30, 2011\n\n\nLONGUEUIL, QC, Aug. 24, 2011 /CNW Telbec/ - D-BOX Technologies Inc.\n (TSX:DBO), a leader in innovative motion technology, announced today\n revenues of $2,409 k for the first quarter ended June 30, 2011 which\n compares to revenues of $1,267 k for the first quarter of the 2011\n fiscal year. Gross profit increased 104% from $563 k in 2011 to $1,147\n for the first quarter of the 2012 fiscal year.\n\n\nOperational highlights\n\n\nAs at June 30, 2011, in the commercial theatre segment, 2,480 D-BOX MFX\n systems are installed or in backlog in regards to 99 theatres worldwide\n representing a 30% growth rate in comparison to the 1,901 D-BOX MFX\n systems installed or in backlog as at March 31, 2011;\n\nSince March 31, 2011, six feature presentations were obtained from\n different Hollywood studios including titles such as : Fast Five,\n Pirates of the Caribbean: on stranger tides, Super 8 and Harry Potter\n and the Deathly Hallows: part 2, which were all ranked no 1 at the\n box-office during the weekend of their launch; and\n\nD-BOX names Mr. John Carey as Vice-President Worldwide Sales for the\n company's theatrical segment. Prior to his hire, Mr. Carey held the\n position of Vice-President, Worldwide sales products and services for\n Dolby Laboratories Inc.\n\n\nFinancial highlights\n\n\nD-BOX reports quarterly revenues of $2,409 k, representing an increase\n of 90% compared to the corresponding quarter of the previous fiscal\n year. More specifically, recurring revenues stemming from utilization\n rights, rental and maintenance based on the use of MFX systems more\n than doubled, increasing from $163 k to $474 k in comparison to the\n first quarter of last year;\n\nSales to OEM's increase in parallel to sales of motion generation\n systems for commercial theatres. They increase by 43% from $1,096 k to\n $1,565 k;\n\nCash flows used by operating activities before changes in non-cash\n operating assets and liabilities amount to $1,125 k in the first\n quarter of 2012 which compares to $1,065 k $ last year. This variation\n is explained amongst other things by a non-recurring disbursement of\n $150 k paid in regards to the graduation to the Toronto Stock Exchange.\n Co...