D BOX Technologies: D-BOX presents again the Financial Statements for Q2 FY 2021 and Management Report

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D-BOX Technologies Inc (TSX: DBO, “the company”), the world leader in touch and immersive entertainment experiences, announced that it will re-present its condensed unaudited interim consolidated financial statements for the three and six-month periods ending on September 30, 2020 (” Q2 Financial Statements 2021 “), Given that it is in the process of adjusting to reflect some adjustments resulting from the reversal of the provision for restructuring costs of $ 414,000 that was previously taken but is no longer required. The financial statements for the second quarter of 2021 were subject to an interim review by the company’s auditors. The following is the impact of the above amendment on the financial statements for the second quarter of 2021:

The consolidated interim statements of net loss and comprehensive income are unaudited

Phone
That have been modified
as I said befor As amended as I said befor

For periods, quarters and periods ending September 30th
[en milliers de dollars canadiens, sauf pour les montants relatifs aux actions et aux données par action]

Second quarter, 2020 $

Second quarter, 2020 $

Six months, 2020 dollars

Six months, 2020 dollars

Other expenses

Sales and marketing

489

903

1075

1489

Total other fees

1314

1 728

3094

3508

Loss before financial charges and income taxes

(443)

(857)

(1316)

(1730)

Loss before taxes on income

(541)

(955)

(1507)

(1921)

Net loss

(540)

(954)

(1506)

(1920)

The final result

(494)

(908)

(1291)

(1705)

Net basic and diluted loss per share

(0,003)

(0,005)

(0,009)

(0,010)

Consolidated interim statements of unaudited equity changes

For the six-month periods ending September 30, 2020
[en milliers de dollars canadiens)

Tel qu’amendé $ Tel que rapporté antérieurement $ Tel qu’amendé $ Tel que rapporté antérieurement $
Perte nette (1 506) (1 920) (1 506) (1 920)
Résultat global (1 506) (1 920) (1 291) (1 705)
Solde au 30 septembre 2020 (51 477) (51 891) 13 136 12 722

BILANS CONSOLIDÉS INTERMÉDIAIRES NON AUDITÉS

Tel qu’amendé Tel que rapporté antérieurement
Au [en milliers de dollars canadiens]

30th September 2020

30th September 2020

Current liabilities

Suppliers and accrued liabilities

2984

3398

Total current requests

7527

7941

Total liabilities

10213

10 627

the financial value

inability

(51477)

(51891)

Total shares

13136

12 722

Consolidated interim statements of unaudited cash flows

As amended as I said befor

For the six-month periods ending September 30 [en milliers de dollars canadiens]

2020 dollars

2020 dollars

Operating activities

Net loss

(1506)

(1920)

Cash flow from operating activities prior to changes in working capital items

(1893)

(2307)

Change in working capital items:

Suppliers and accrued liabilities

(1488)

(1074)

Total changes in working capital items

2137

2551

The Company will also re-submit the Revised Management Report (the “Management Report”) for the period ending September 30, 2020.

Please see the financial statements for the second quarter of 2021 and MD&A that will be re-presented in the company profile on SEDAR at www.sedar.com It is available for review.

All amounts appearing in this press release are in Canadian dollars.


About D-BOX

D-BOX redefines and creates realistic, immersive and tactile entertainment experiences by providing whole-body reactions and stimulating the imagination through movement. Touch essentially allows an individual to experience the sensations that would be perceived if the body interacted directly with physical objects. This experience explains why D-BOX collaborates with the world’s best companies to tell compelling stories. Be it movies, video games, virtual reality apps, themed entertainment or professional simulation, D-BOX’s mission is to bring the world to life and excitement like never before.

D-BOX Technologies Inc. (TSX: DBO) is headquartered in Montreal, Canada, with offices in Los Angeles, USA, and Beijing, China. D-box.com.


Caution Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of securities laws. Forward-looking statements may include, but are not limited to, statements about the company, its plans, activities, objectives, operations, strategy, financial results, condition, or underlying assumptions therein. In this press release, there are phrases such as “may,” “possibly,” “believe,” “expect,” “expect,” “intend,” “plans,” “estimate,” and similar expressions. , Its conditional or future status, and its negative form, related to matters that are not historical facts, aims to define forward-looking information and is based on the company’s current beliefs or assumptions regarding the outcome and occurrence of such future events. Actual future results may differ materially. In particular, this press release contains forward-looking information relating to changes in the financial statements for the second quarter of 2021, MD&A, re-presentation of financial statements for the second quarter of 2021, and MD&A on SEDAR. Forward-looking statements should not be construed as guarantees of future performance or results nor do they necessarily indicate with precision whether or how this future performance will materialize or how and when it may be achieved. No guarantee can be made that the events predicted by forward-looking information will or will occur and readers should not rely unnecessarily on forward-looking information. Various assumptions or factors are generally applied in drawing conclusions or making expectations or expectations presented in the forward-looking information. These assumptions and factors are based on the information currently available to the company and / or on management’s bona fide beliefs regarding future events. They are subject to known and unknown risks, uncertainties, assumptions and other unforeseen factors, many of which are outside the company’s control.

The company considers the assumptions on which these forward-looking statements are based to be reasonable, but warns the reader that these assumptions regarding future events, many of which are beyond its control, may ultimately prove incorrect because they are subject to risks and uncertainties affecting the company. For more information on these risks and other factors, see the Company’s Annual Information Form for the year ending March 31, 2020, filed in the Company’s profile on SEDAR at www.sedar.com. The Company disclaims any intention or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by securities laws.


For more information, please contact:

David Munpetet
Chief Financial Officer – D-BOX
450-442-3003, ext 296
[email protected]

Steve Lee
Vice President, Investor Relations and Business Strategies – D-BOX
450-442-3003, ext. 403
[email protected]

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Frank Mccarthy

<p class="sign">"Certified gamer. Problem solver. Internet enthusiast. Twitter scholar. Infuriatingly humble alcohol geek. Tv guru."</p>

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