Planet MicroCap Podcast | MicroCap Investing Strategies

D-BOX Technologies $DBO.TO and Premium Formats in the Theatrical Ecosystem with Dylan Marrello, Founder and Portfolio Manager at Marrello Capital

Dec 18, 2025

Guest

Dylan Marrello

Ask episode

AI Snips

Chapters

Transcript

Episode notes

ANECDOTE

Lawyer-Turned-Research-Driven PM

Dylan transitioned from commercial litigator to independent investor and launched Marrello Capital in early 2025.
He kept a low profile the first year to focus on performance before scaling the fund publicly.

INSIGHT

D-BOX As Premium Format Engine

D-BOX sits at the center of a theatrical premium-experience trend that extracts outsized value from box office ecosystems.
Their hardware-plus-royalty model converts modest installs into high-margin, recurring cash flow linked to ticket sales.

INSIGHT

Management-Led Margin Inflection

New management refocused D-BOX on its theatrical royalty business and cut noncore costs, creating a sharp margin inflection.
That shift turned royalties (near-100% margin) into the dominant, cash-generating driver of the company.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

My guest today is Dylan Marrello, Founder and Portfolio Manager at Marrello Capital. In this episode, we take a deep dive into D-BOX Technologies (TSX: DBO), a haptic technology company that's been discussed quite a bit recently.

The movie theater industry has been through a dramatic reset over the past few years — from streaming pressure and COVID shutdowns to consolidation, higher ticket prices, and a renewed focus on premium, in-theater experiences that audiences simply can’t replicate at home. As the industry recovers, exhibitors and studios alike are leaning into technologies that enhance engagement, drive higher ticket spend, and improve theater economics.

We discuss D-BOX’s shift to a high-margin theatrical royalty model, the impact of new management, strong insider alignment, and how premium experiential formats are reshaping the future of moviegoing.

For more information about Marrello Capital, please visit: https://ragingbullinvestments.substack.com/

You can Follow Dylan Marrello on Twitter/X @RagingBullCap: https://x.com/ragingbullcap

We just announced our full slate of investor conferences for 2026, all in partnership with MicroCapClub. Our next major event is Planet MicroCap: LAS VEGAS, happening June 16–18, 2026, at the Bellagio. Registration is now open for that. And, later in the year, we'll be heading back to Toronto, October 27-29, 2026 at the Arcadian Loft. The mission is to bring the best microcap investors and companies together to gather, connect, and grow. This includes your participation.

We know you are putting your 2026 investor conference calendars together, and we'd like to humbly invite you to join us for one or both of them. Please visit www.planetmicrocapshowcase.com for more information. See you in Vegas and Toronto!

Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the Planet MicroCap YouTube channel. I’ve provided the link in the description if you’d like to subscribe. You’ll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast.

Subscribe here: http://bit.ly/1Q5Yfym

Click here to rate and review the Planet MicroCap Podcast

You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft