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D-BOX Technologies (DBO.TO / DBOXF): Inside the Haptics Powering Modern Cinema

Feb 19, 2026
Naveen Prasad, CEO of D-BOX Technologies and former board member with media and tech distribution roots. He walks through haptic seating tech and how touch enhances theatrical storytelling. He explains the shift to recurring royalty revenue, theatrical rollout strategies and partnerships, and how sim-racing and training businesses support the company’s expansion.
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INSIGHT

Royalties Outpace Box Office Cycles

  • D-BOX royalties grew ~27% while North American box office fell ~5% and footprint grew 9%.
  • This shows utilization increases can drive royalties faster than market box office cycles.
INSIGHT

Recurring Revenue Improves Profitability

  • As royalties grow, D-BOX's revenue mix shifts from system sales toward recurring income, improving EBITDA.
  • Fiscal 2024 marked the first profitable year and the trend continued into the current period.
ANECDOTE

FIA Partnership Validates Sim Performance

  • D-BOX is the official haptic system of the FIA and supplies F1 Arcade, showing credibility in sim racing.
  • Theatrical reputation helped the company win trust in simulation and training verticals.
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