MONTREAL, Dec. 03, 2025 (GLOBE NEWSWIRE) -- D-BOX Technologies Inc. (TSX: DBO), a global leader in haptic and immersive entertainment technology with systems deployed on well over 1,000 theatrical screens worldwide and a growing leadership position across simulation racing, training, and experiential markets, announces the appointment of Scott Sherr as Chief Commercial Officer, reporting directly to the President and Chief Executive Officer and joining the executive leadership team effective immediately. Th ...

Core Insights - D-BOX Technologies Inc. reported record financial results for Q2 Fiscal 2026, with significant growth in royalties and net profit, driven by an expanding market presence and increased demand for its haptic technology [2][3][4]. Financial Performance - Royalty revenues reached a record $4.5 million, marking a 40% increase year-over-year, while the gross domestic box office declined by 11.1% during the same period [3][9]. - Total revenues for Q2 2026 were $16.1 million, up 33% from the previous year, with theatrical system sales increasing by 62% to $6.4 million [4][12]. - Net profit also hit a record of $4.5 million, despite a $0.4 million restructuring charge, with adjusted EBITDA reaching $5.6 million, reflecting a 93% year-over-year increase [5][9]. Market Expansion - The company achieved a 13.5% year-over-year increase in its screen footprint, totaling 1,084 active screens worldwide [3]. - Theatrical customers accounted for 65% of total revenues in the first half of the fiscal year, compared to 49% in the prior year, indicating a strong shift towards theatrical sales [7]. Operational Efficiency - Gross margin improved from 53% to 56%, attributed to a favorable market mix and increased high-margin royalty revenues [7]. - Operating expenses as a percentage of total revenues decreased from 35% to 27%, showcasing enhanced operational efficiency [12]. Balance Sheet Strength - D-BOX ended Q2 2026 with $10.6 million in cash and only $0.4 million in non-interest-bearing debt, positioning the company favorably for future growth [11].

Core Insights - The Russell 2000 index has increased by approximately 2.5% in the five days ending September 19, coinciding with a Federal Reserve interest rate cut, which is seen as a potential start of a deeper rate cut cycle in the next 12 months [1][2] Group 1: Small-Cap Stocks and Interest Rates - Lower interest rates are typically favorable for small-cap stocks, especially those that are unprofitable and rely on debt for operations [2] - Analyst support, business fundamentals, and risk profiles are crucial factors for stock purchases, beyond just rate cuts [3] Group 2: Identiv (INVE) - Identiv has a market cap of over $80 million and specializes in RFID and NFC technologies, with a current stock price of $3.68 and a 12-month price forecast of $5.33, indicating a potential upside of 45.09% [4][6] - Despite a revenue decline from $6.74 million to $5.04 million year-over-year, the stock has gained approximately 18% over the past three months due to a strategic pivot towards higher-margin businesses [5][6] - Analysts maintain a consensus Buy rating for Identiv, with a price target suggesting a 47% increase from current levels [6] Group 3: Immersion (IMMR) - Immersion operates in the haptic technology market, valued at $4 billion to $5 billion, with a projected CAGR of 7-10% over the next five to seven years [8][9] - The company primarily earns revenue through licensing its technology, positioning itself as a leader in the haptic space [9] - Analysts have a bullish outlook on Immersion, with a consensus price target of $12.25, representing a potential gain of 67% from current trading levels [10] Group 4: Emergent BioSolutions (EBS) - Emergent BioSolutions has a market cap of $432 million and focuses on supplying medical countermeasures to the U.S. government, providing stable revenue streams through government contracts [12][13] - The company was awarded contracts totaling over $90 million in September 2025, ensuring stable cash flows amid market volatility [14] - Analysts project a price target of $13.50 for Emergent, indicating a potential upside of 52.77% from its current price of $8.84 [12][16]

Core Points - D-BOX Technologies Inc. held its annual and special meeting of shareholders, with 114,410,896 Class A common shares represented, accounting for approximately 51.46% of all issued and outstanding shares [1] - Shareholders voted in favor of all items of business presented at the meeting [1] Election of Directors - All proposed nominees for the Board of Directors were elected, with high approval rates ranging from 99.92% to 99.96% [2][3] - Brigitte Bourque stepped down as Chair of the Board, and Dave McLurg was appointed as the new Chair immediately following the meeting [3] Appointment of Independent Auditors - Ernst & Young LLP was appointed as independent auditors until the next annual meeting, with the Directors authorized to fix their remuneration [4][5] Ratification of Omnibus Incentive Plan - A new omnibus long-term incentive compensation plan was ratified by shareholders, receiving 92.01% approval [6]

Core Insights - D-BOX Technologies Inc. reported strong financial performance in Q1 2026, with total revenues reaching $13.0 million, a 49% increase year-over-year, driven by theatrical system sales and record royalty performance [2][3][7] Financial Performance - Total revenues for Q1 2026 were $13.0 million, up from $8.8 million in Q1 2025, marking a 49% increase [5][8] - Royalty revenues increased by 64% year-over-year, achieving a record of $4.0 million, supported by a 12% rise in active D-BOX screens to 1,047 [3][7] - Adjusted EBITDA reached a record $3.3 million, representing a 26% margin, up 23% from the previous year [4][8] - Net profit for the quarter was $2.0 million, despite a restructuring charge of $0.9 million related to the CEO transition [4][7] Revenue Breakdown - Theatrical system sales contributed $4.1 million, a significant increase of 629% compared to $0.56 million in Q1 2025 [5] - Simulation and training revenues were $2.2 million, slightly up by 4% year-over-year, while sim racing revenues decreased by 11% to $2.3 million [5][8] - Total system sales amounted to $9.0 million, reflecting a 43% increase from $6.3 million in Q1 2025 [5] Operational Efficiency - Operating expenses increased by 11% to $5.3 million, but the operating margin improved to 15% from a negative margin in the previous year [8] - Gross profit was $7.3 million, resulting in a gross margin of 56%, up from 52% [8] Balance Sheet and Liquidity - D-BOX ended Q1 2026 with $2.8 million in operating cash flow and total debt of $1.4 million, indicating a strong financial position [6][8] - The company had available liquidity of $18.5 million, including an undrawn line of credit [6]

Core Insights - D-BOX Technologies Inc. has appointed Naveen Prasad as President and Chief Executive Officer, effective immediately, following his role as Interim CEO since June 2025 [1][2] - The company has undergone a strategic realignment of its leadership structure to enhance execution, streamline decision-making, and accelerate growth across all segments [3][5] Leadership Changes - Naveen Prasad's leadership has already resulted in improved financial and operational discipline, energizing the company and aligning the leadership team [2][3] - Joshua Chandler, the former CFO, has officially left the company, reflecting a commitment to operational rigor and commercial innovation [4] - David Reid has been promoted to Chief Financial Officer, while Sébastien Boire Lavigne has been elevated to Chief Product and Technology Officer [7] Strategic Focus - The company aims to build deeper industry partnerships, expand market leadership, and deliver long-term value for shareholders under Prasad's leadership [5] - A search is underway for a new Chief Commercial Officer to integrate revenue, brand, and market strategy, unlocking new growth opportunities [7]

Core Insights - D-BOX Technologies Inc. announced the resignation of Senior Vice President Jean-François Gagnon, effective August 15, 2025, with sales and marketing teams reporting to Interim CEO Naveen Prasad [1][2] - The transition is part of D-BOX's strategy to optimize its organizational structure for better alignment and focused execution in commercial activities, aiming for future profitable growth [2] Company Overview - D-BOX Technologies Inc. is a leader in haptic technology, providing immersive motion experiences that enhance storytelling across various platforms, including movie theaters, sim racing, and simulation training [3] - The company has over 25 years of innovation in the industry and is headquartered in Montreal, Canada, with additional offices in Los Angeles, USA [3]

Core Viewpoint - D-BOX Technologies Inc. announces the resignation of CEO Sébastien Mailhot and the appointment of Naveen Prasad as interim CEO, effective June 10, 2025, aiming for a smooth transition and continued financial progress [1][3][5]. Group 1: Leadership Transition - Sébastien Mailhot is stepping down after achieving significant financial milestones, contributing to revenue growth and improved profitability during his tenure [2][3]. - Naveen Prasad, with over 25 years of experience in media and technology, will take over as interim CEO, bringing a strong background in driving growth and organizational change [4][5]. - The Board expresses confidence in Prasad's ability to strengthen operational effectiveness and guide the next phase of the Corporation's evolution [5]. Group 2: New Board Appointment - Lori Vaudry Tersigni has been appointed as an independent director, bringing extensive operational and leadership experience from her previous roles at Morneau Shepell and CIBC [6]. Group 3: Financial Outlook - D-BOX is expected to release its financial results for the fourth quarter and full fiscal year ended March 31, 2025, on June 10, 2025 [7].