OPERATIONAL AND FINANCIAL HIGHLIGHTS
D-BOX records quarterly revenues of $2 030 k, a 13% increase in comparison to the corresponding quarter of last year. For the six-month period ended September 30, 2011, revenues amount to $4,439 k or a 45% increase. Revenues generated from utilization rights, rental and maintenance based on the use of D-BOX MFX systems increase by 131% from $365 k to $843 k for the six-month period;
Concurrently with the significant increase of the commercial theatre segment, sales to Original Equipment Manufacturers increase by 32% from $1,176 k to $1,556 k. For the six-month period, the increase stands at 37%;
As of September 30, 2011, in the commercial theatre segment, 2,669 D-BOX MFX systems are installed or in backlog in 106 auditoriums around the world; and
As of September 30, 2011, D-BOX has cash and cash equivalents of $13,512 k ($0.08 per share). The Corporation also has more than five million dollars of inventory in order to properly respond to anticipated demand over the course of the next few quarters.
Commenting on the quarterly realisations, Mr Claude Mc Master, President and Chief Executive Officer of D-BOX declared:
“In light of the efforts of all the D-BOX employees, we are currently experiencing sustained growth in each of our main business segments. More specifically, in accordance to our business plan, we anticipate being able to count on a growing portion of revenues from utilization, rental and maintenance which will greatly help increase of financial flexibility. In combination with a strong cash position, a clear development plan and excellent business opportunities, the D-BOX team has everything it needs to continue in this direction.”
