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D-Box Technologies swings to profit in fiscal Q3


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D-Box Technologies swings to profit in fiscal Q3

D-BOX Technologies Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to C$248,750, compared with a loss of C$193,750 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 3.0% from negative 3.9% in the year-earlier period.

Total revenue grew 64.6% year over year to C$8.2 million from C$5.0 million, and total operating expenses climbed 39.9% from the prior-year period to C$7.8 million from C$5.6 million.

Reported net income came to C$399,170, or 0 cents per share, compared to a loss of C$311,190, or a loss of 0 cents per share, in the year-earlier period.