D-Box Technologies Sees 65% In Quarterly Revenue in Fiscal Q3 2016

Technology Investing News

D-Box Technologies (TEXV:DBO) has reported a 65 percent growth in quarterly revenue for its fiscal third quarter. Revenues during this period reached $8.2 million.

D-Box Technologies (TEXV:DBO) has reported a 65 percent growth in quarterly revenue for its fiscal third quarter. Revenues during this period reached $8.2 million.
According to the press release:

Quarterly revenue up by 65% to $8,221 k: — Entertainment revenue up by 65% to $5,686 k; — Industrial revenue up by 64% to $2,535 k. — Net income of $397 k for the quarter compared to a net loss of $315 k last year. — Adjusted EBITDA(i) of $1,371 k for the quarter compared to $200 k last year. — Cash flows generated from the operating activities of $813 k for the nine-month period compared to a use of funds of $1,060 k last year. — Equity investment of $5,000 k at a price of $0.45 per unit, representing a 55% premium on the stock market price, from Gold-Finance (Canada) Asset Management Limited, a major holding group in the entertainment market and other sectors.

Click here here to read the full press release.


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