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D-Box Technologies graduates to the TSX

Canadian Stock News Cantech
Claude McMaster, President and CEO of D-Box Technologies.
Claude McMaster, President and CEO of D-Box Technologies.

Good news for shareholders of D-Box Technologies (TSX:DBO) today; the company announced it will graduate from the junior venture exchange to the TSX tomorrow.

Quebec’s D-Box makes integrated motion systems built into high tech chairs that are synchronized with the action and sound on a movie screen. Bouncing back between the home theater market and the commercial, D-box has struggled to build a consistent revenue stream from its technologies.

As late as December 2008, the prospects for the Longueuil company seemed tenuous at best. Shares of D-Box hit a low of .09 cents around the time it announced Q2 2009 revenues had dipped, the company lost nearly $1.5 million in that quarter.

But things began to turn around for the company after a sharpening of focus to concentrate solely on the commercial side of its business. D-Box says it now dedicates the “…vast majority of its human, financial and material resources to the commercial theatre market…”

Last year, after a trial at a Toronto theater was deemed a win, Cineplex Entertainment decided to add 250 D-Box MFX seats in ten theatres across Canada, over a period of twelve months. Since that time D-Box has made sales to Germany, The Netherlands and parts of Asia, and partnered with giants such as Sony and Warner Brothers. The Company has snagged twenty-four feature presentations April, 2009, including thirteen that were ranked number one at the box office. In US theaters, D-Box seats are normally installed in the first two rows and add an extra five dollars to the cost of a ticket.

D-Box is still struggling to break even, but a look at their financials shows the underlying business is changing rapidly. In their most recently reported quarter, Q3 2011, D-Box reported that revenues generated by commercial theatres was $1,058,890 compared to just $123,308 for the same period of fiscal 2010.

Today, In its last day of trading on the TSX Venture Exchange, shares of D-Box were up nearly 4% to $.55 cents.

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About The Author /

Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.
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