Overview
Canada haptic tech firm's Q3 revenue rose 4% yr/yr to C$13.8 mln
Net profit reached C$9.1 mln, aided by C$6.4 mln deferred tax benefit
Adjusted EBITDA rose 31% yr/yr, reflecting cost control and efficiency
Outlook
Company plans strategic expansion of operations and customer base
Company emphasizes importance of assessing performance on trailing twelve-month basis
Company sees sustained expansion of screens in U.S., indicating market acceptance
Result Drivers
SCREEN EXPANSION - D-BOX expanded its screen footprint by 12.8% year-over-year, reaching 1,135 active screens, which contributed to revenue growth
THEATRICAL SALES GROWTH - Theatrical system sales increased 21% year-over-year to C$5.8 mln, driven by market acceptance in key regions
ROYALTY REVENUE DECLINE - Royalty revenues fell 3% due to fewer blockbuster releases and lower demand for premium experiences
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
C$13.80 mln
Q3 EPS
C$0.04
Q3 Net Income
C$9.10 mln
Q3 Adjusted EBITDA
C$3.40 mln
Press Release: ID:nGNX6bYbPZ
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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.)