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LONGUEUIL, QUEBEC -- (Marketwire) -- 02/14/13 -- D-BOX Technologies Inc. (TSX: DBO), a leader in innovative motion technology, today announced revenues of $3,392,132 for its third quarter ended December 31, 2012 which represents an increase of 87% in comparison to revenues of $1,810,413 realized in the third quarter of the previous fiscal year. Also, for the third consecutive quarter, D-BOX generates a positive adjusted EBITDA while significantly decreasing its net loss.
Quarterly highlights of the third quarter of the 2013 fiscal year
-- Significant increase in revenue compared to last year: -- Quarterly increase of 87% -- Commercial theaters : + 288% including: -- systems sold which went from $50 k to $1,115 k; and -- utilization rights, rental and maintenance fees: + 34% -- Original Equipment Manufacturers ("OEMs") : + 28% -- 71% increase for the first nine months-- Important improvement of adjusted EBITDA: -- Quarterly adjusted EBITDA of $154 k in Q3 F2013 versus ($1,002 k) in Q3 F2012 -- Adjusted EBITDA for the first nine months of F2013 of $401 k compared to ($2,985 k) in F2012-- Significant decrease of the net loss: -- Significant decrease of the quarterly net loss which stood at ($273 k) in Q3 F2013 compared to ($1,958 k) in Q3 F2012 -- Significant decrease of the net loss, by more than 55%, for the first nine months of the fiscal year; ($2,067 k) in F2013 compared to ($4,732 k) in F2012--------------------------------------------------------------------------------------------------------------------------------------------------------For the third quarter and nine-month period endedDecember 31(in thousands of CA$ except per share data)-------------------------------------------------------------------------------------------------------------------------------------------------------- Third quarter Nine months ------------------------------------------------ F2013 F2012 F2013 F2012----------------------------------------------------------------------------Revenues 3,392 1,810 10,668 6,249Adjusted EBITDA(i) 154 (1,002) 401 (2,985)Net loss (273) (1,958) (2,067) (4,732)Basic and diluted net loss per share (0.0016) (0.0120) (0,0126) (0,0289)-------------------------------------------------------------------------------------------------------------------------------------------------------- Information from the Consolidated Balance Sheet-------------------------------------------------------------------------------------------------------------------------------------------------------- Dec. 31, 2012 March 31, 2012 -------------- --------------Cash and cash equivalents 6,972 9,320Working capital 12,053 14,870Total assets 24,680 25,823Property, plant and equipment 9,254 7,993--------------------------------------------------------------------------------------------------------------------------------------------------------(i) See the reconciliation table at the end of this press release.
