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Dbox technologies6/18/2023 “Our second quarter results were tempered by the timing of revenue recognition, as well as supply chain challenges, as several systems orders we were expecting to fill during the quarter will now be delivered in the third quarter” said David Montpetit, Chief Financial Officer of D-BOX. At the same time, we remain focused on strengthening our leadership position in the theatrical market and recently announced additional Hoyts locations in Australia, increasing our backlog to 69 auditoriums awaiting installation,” Mr. We’re also continuing to advance collaborations with leading players in the videogaming and sim racing markets and look forward to providing updates in the near future as they happen. With its new architecture, our G5 system is easier to deploy and enables the seamless integration of our haptic technology in many more devices, allowing us to target a much larger addressable market. Our order book is at its highest level since the beginning of the pandemic and the upcoming movie slate includes highly anticipated sequels, “Black Panther: Wakanda Forever” and “Avatar: The Way of Water.” As a result, we are looking forward to a strong second half. Our second quarter revenue was up 10% over the same quarter last year and would have been higher if several systems orders had not been pushed to the third quarter. “During the second quarter, we launched G5, our latest generation of haptic systems, and continued our rollout with Cinemark by expanding our footprint with that partner to nearly 300 screens in the United States through the signing of 36 additional auditoriums. ![]() “Fiscal 2023 is shaping up to be a strong year for D-BOX,” said Sébastien Mailhot, President and Chief Executive Officer of D-BOX. All dollar amounts are expressed in Canadian currency. ![]() ![]() (“D-BOX” or the “Corporation”) (TSX: DBO) a world leader in haptic and immersive experiences, announced today financial results for the second quarter of fiscal 2023 ended September 30, 2022.
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