Added to YB: 2026-08-21
Pitch date: 2026-08-19
DBO.TO [bullish]
D-BOX Technologies Inc.
+3.7%
current return
Author Info
Footnote Capital figures out what a company actually sells and why its customers keep buying before I ever look at the price. One detailed micro-cap profile per week. Sign up for the newsletter.
Company Info
D-BOX Technologies Inc. designs, manufactures, and commercializes haptic motion systems intended for theatrical entertainment, sim racing and simulation, and training customers in North and South America, Europe, Africa, Asia, and Oceania.
Market Cap
CAD 244.9M
Pitch Price
CAD 1.08
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.01
P/E
14.04
EV/Sales
3.98
Sector
Household Durables
Category
value
The Company Riding the Thirteenth Channel - D-BOX Technologies Inc.
DBO.TO: Toronto microcap ($245M CAD) reframed from 'shaky chair' hardware vendor to royalty compounder. Collects ~$1.50/ticket toll baked into films' channel 13 motion data. FY royalties +30% to $15M, 80-90% margins; 1.5yr unbroken op profit, net cash. Trades ~14x EPS vs royalty peers 20-30x. Moat=3,000-film library+studio plumbing, not patents. Activist (3/3 sale record) on board; ex-film exec CEO signals upstream push. Up 300%/yr, author still holds. Risks: genre-dependent lumpy royalty, Cinemark ~25% concentration, 'air conditioning' commoditization. Free options: frozen $8 upcharge, AI-coded slate, live events, takeout.
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