05:29 PM EDT, 05/30/2024 (MT Newswires) -- D-BOX Technologies ( DBOXF ) , on Thursday said it swung to a profit in its fiscal fourth quarter even as revenue fell.

The company, which makes haptic cinema seats, said it earned $0.62 million in the quarter ended March 31, compared with a loss of $115,000 in the year-prior period.

Revenue fell 2.2% to $10.18 million from $10.41 million.

"We are looking to accelerate profitable growth as we have reached a pivotal point on revenue growth conversion to higher profitability. We are now more focused on fewer markets where we see more market readiness, and on building a more dominant position in those markets to materialize strategic value accordingly. And while the Hollywood guild strikes ended last year, some lingering effects are expected to persist in calendar 2024 as the industry undergoes a transition-year ahead of an expected rebound, pointing to a potentially softer H1 in fiscal 2025 for D-BOX ( DBOXF )," chief executive Sebastien Mailhot said in a release.

The company's shares closed unchanged at $0.08 on the Toronto Stock Exchange.