D-BOX officially appoints Naveen Prasad as president and CEO
D-BOX Technologies Announces Strong First Quarter Performance and Leadership Changes
In a recent press release, D-BOX Technologies (TSX: DBO) announced impressive financial results for its first quarter ended June 30, 2025. The company's strong performance is marked by a significant increase in total revenues, robust royalty growth, and a turnaround from a loss in the prior year quarter.
The company reported total revenues of $13.0 million, a 49% year-over-year increase. This growth was driven by record royalties of $4.0 million and an adjusted EBITDA of $3.3 million. The net profit for the quarter was $2.0 million, a notable turnaround from a loss in the same quarter the previous year. Earnings per share (EPS) also saw a positive shift, with CA$0.009 compared to a CA$0.002 loss in 1Q 2025.
These results underscore the company's robust royalty growth and the ongoing benefits of its royalty-focused business model and theatrical footprint expansion.
In terms of leadership changes, David Reid has been promoted to the position of chief financial officer, taking over from Joshua Chandler who has left the company. Sébastien Boire Lavigne has been elevated to the role of chief product and technology officer.
The search is currently on for a newly created chief commercial officer role. Naveen Prasad, previously a board member, has been confirmed as President and CEO, effective immediately. He served as interim CEO since June 2025.
As of August 2025, D-BOX Technologies' shares have reached a 52-week high of C$0.39, last trading around C$0.38 per share. The company's market capitalization is approximately C$84.3 million, with a price-to-earnings (P/E) ratio of about 40.3. The debt-to-equity ratio stands at 17.15, a quick ratio of 1.07, and a current ratio of 2.42. Insider ownership amounts to 10.74%, with recent insider purchases totaling over 1.3 million shares.
However, the press release does not contain any updates on the company's financial performance compared to previous periods, or any information about its financial outlook for the remainder of the year. It also does not provide details about the company's financial health, such as cash reserves or debt levels, or news about its financial partnerships or investments.
- D-BOX Technologies' impressive financial results indicate a positive shift in their business model, with significant increases in total revenues, royalties, and adjusted EBITDA, highlighting the benefits of their technology and expansion in the theatrical industry.
- The leadership changes within the company also reflect its growth, as David Reid takes over as chief financial officer, Sébastien Boire Lavigne becomes the chief product and technology officer, and Naveen Prasad is confirmed as President and CEO, with a new role of chief commercial officer yet to be filled.
