Cinema ‘shaky seat’ technology company D-Box (
TSX:DBO,
Forum) has
cranked up quarterly revenues by 58%, year over year, to $7.2m compared to $4.6m in the comparable quarter of 2014.
In addition, the company has ratcheted a second consecutive quarter of positive net income.
The company installs systems in theatres that synch motion controllers in the customer’s seat to action on the screen, enhancing the viewing experience by adding an interactive and immersive element through a series of in-seat actuators and weight sensors that facilitate adjustable pitch, roll and heave motions.
Theatre owners like the systems as they give justification for premium ticket price mark-ups, similar to Imax or 3D.
Users like them because... well, some users like them. Stockhouse tech writer Gaalen Engen recently described the D-Box experience as being 'alarmingly close to being kicked around by a teenager', but admitted he had opted to try the system on the 'full force' setting.
According to a news release from the company, system sales to commercial theatres are up 37%, with revenue rights for use, rentals and maintenance contracts up nearly 100%.
The company also sells systems to corporations involved in simulations, training and amusement parks, with revenue in that area up 53%.
Net income is weak, but positive, at 30k, but definitely an improvement over the 1.2m loss notched a year earlier.
T.DBO stock opened 2015 at $0.19, and has steadily rolled up in the months since, closing Wednesday at $0.37.
This despite the company having no apparent plans to use the technology for its most obvious optimal use; pornography..