Canada's D-BOX Q1 net profit surges, helped by record royalties

D-Box Technologies

11/08/2026 22:13

Overview
Canada haptic technology firm's fiscal Q1 revenue rose 3% yr/yr, driven by record royalties
Adjusted EBITDA for fiscal Q1 climbed 28% as gross margin improved to 59%
Net profit for the quarter rose 51% to C$2.9 mln, reflecting higher royalty revenues

Outlook
D-BOX Technologies did not provide specific guidance for the current quarter or full year in the press release

Result Drivers
RECORD ROYALTIES - Recurring rights for use, rental and maintenance revenues rose 25% to a record C$5.0 mln, increasing their share of total revenues
EXPANDED INSTALLED BASE - Installed base grew nearly 18% over the past year, broadening the base of screens generating recurring licensing and maintenance fees
SHIFT IN REVENUE MIX - Higher contribution from royalties and lower system sales increased gross margin by three percentage points

Company press release: ID:nGNX7hlDkM

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
 
C$0.012
 
Q1 Net Income
 
C$2.94 mln
 
Q1 Adjusted EBITDA
 
C$4.26 mln
 
Q1 Operating Expenses
 
C$5.04 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)