Destiny Media Technologies Inc. Announces Fiscal 2024 Second Quarter Results
Destiny Media Technologies Inc. Announces Fiscal 2024 Second Quarter Results
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2024) - Destiny Media Technologies Inc. (TSXV: DSY) (OTCQB: DSNY), the makers of Play MPE, a cloud-based SaaS solution for digital asset management in the music industry, today announced financial results for its fiscal 2024 second quarter ended February 29, 2024.
不列颠哥伦比亚省温哥华--（Newsfile Corp.，2024年4月15日）——音乐行业基于云的数字资产管理SaaS解决方案Play MPE的制造商Destiny Media Technologies Inc.（TSXV：DSY）（OTCQB：DSNY）今天公布了截至2024年2月29日的2024财年第二季度的财务业绩。
"Following substantial investments to elevate our product development processes in the latter half of the previous year, we are now bolstering our marketing efforts to harmonize with our product and business development strategies," stated Fred Vandenberg, President and CEO. "During the initial months of fiscal 2024, we've observed significant growth, particularly within the independent record label sector, culminating in an overall growth rate of approximately 10%. Our focus remains on achieving even greater revenue growth through these strategic investments in marketing and product development, strategically positioned to fuel our expansion into new markets."
总裁兼首席执行官弗雷德·范登伯格表示：“在去年下半年进行了大量投资以提升我们的产品开发流程之后，我们现在正在加强营销工作，以与我们的产品和业务发展战略保持一致。”“在2024财年的最初几个月中，我们观察到了显著的增长，尤其是在独立唱片公司领域，最终实现了约10％的总体增长率。我们的重点仍然是通过这些对营销和产品开发的战略投资实现更大的收入增长，这些投资的战略定位是推动我们向新市场的扩张。”
Financial Highlights
财务要闻
Q2 2024 vs Q2 2023
2024 年第二季度对比 2023 年第二季度
- Currency adjusted revenue grew by 9.0% (9.7% unadjusted)
- Independent record label revenue saw a 10.3% increase globally
- Adjusted EBITDA -$0.05 million
- 汇率调整后的收入增长了9.0％（未经调整的9.7％）
- 独立唱片公司的全球收入增长了10.3％
- 调整后的息税折旧摊销前利润-0.5万美元
During the second quarter of the fiscal 2024, under a normal course issuer bid, the Company repurchased 137,300 shares for a total cost of $0.14 million.
在2024财年第二季度，根据发行人的正常出价，公司回购了137,300股股票，总成本为14万美元。
FY2024 vs FY2023
FY2024 对比 FY2023
- Currency adjusted revenue grew by 9.9% (11.5% unadjusted)
- Independent record label revenue saw a 15.6% increase globally
- Adjusted EBITDA $0.3 million
- 汇率调整后的收入增长了9.9％（未经调整的11.5％）
- 独立唱片公司的全球收入增长了15.6％
- 调整后的息税折旧摊销前利润为30万美元
During the first half of the fiscal 2024, under a normal course issuer bid, the Company repurchased 309,300 shares for a total cost of $0.31 million.
在2024财年上半年，根据发行人的正常出价，公司回购了309,300股股票，总成本为31万美元。
Fiscal 2024 Second Quarter Earnings Webinar
2024财年第二季度收益网络研讨会
Destiny Media Technologies will hold a live webinar on Monday, April 15, 2024 at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time) to discuss financial results for its fiscal 2024 second quarter ended February 29, 2024.
Destiny Media Technologies将于太平洋标准时间2024年4月15日星期一下午2点（东部标准时间下午5点）举行网络研讨会直播，讨论截至2024年2月29日的2024财年第二季度的财务业绩。
Date: Monday, April 15, 2024
Time: 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time)
日期： 2024 年 4 月 15 日，星期一
时间： 太平洋标准时间下午 2:00（东部标准时间下午 5:00）
Attendees are encouraged to register prior to the scheduled time at the following:
or by clicking on the Webinar Registration Form.
鼓励与会者在预定时间之前按以下时间注册：
或者点击网络研讨会注册表。
Attendees viewing the webinar can voluntarily submit questions during the live presentation. Attendee cameras will remain off throughout the presentation. Attendees' microphones will remain off unless the attendee voluntarily selects to engage in verbal questions similar to the format available on traditional conference call format.
观看网络研讨会的与会者可以在现场演示期间自愿提交问题。在整个演示过程中，与会者摄像头将保持关闭状态。除非与会者自愿选择进行类似于传统电话会议格式的口头提问，否则出席者的麦克风将保持关闭状态。
The webinar format will provide the Company an opportunity to present visual information.
网络研讨会形式将为公司提供展示视觉信息的机会。
For those without internet access, the webinar can be accessed via the following dial in details:
Direct dial in US: +1 346 248 7799 or +1 360 209 5623 or More International numbers
Webinar ID: 835 2205 8363
对于那些无法上网的人，可以通过以下拨号详细信息访问网络研讨会：
在美国直接拨号：+1 346 248 7799 或 +1 360 209 5623 或更多国际号码
网络研讨会 ID：835 2205 8363
Attendees participating via dial in will not have access to the webinar video stream and will not have access to question and answer functions.
通过拨号参与的与会者将无法访问网络研讨会视频流，也无法使用问答功能。
A recording of the webinar will be available after the event on
网络研讨会的录像将在活动结束后公布
About Destiny Media Technologies Inc.
关于命运媒体科技公司
Destiny Media Technologies ("Destiny") provides software as service (SaaS) solutions to businesses in the music industry solving critical problems in distribution and promotion. The core service, Play MPE (), provides promotional music marketing to engaged networks of decision makers in radio, film, TV, and beyond. More information can be found at .
Destiny Media Technologies（“Destiny”）为音乐行业的企业提供软件即服务（SaaS）解决方案，以解决发行和推广中的关键问题。核心服务Play MPE () 为广播、电影、电视等领域的决策者网络提供促销音乐营销。更多信息可以在此处找到。
Forward-Looking Statements
前瞻性陈述
This release contains forward-looking statements that reflect current views with respect to future events and operating performance. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in these forward-looking statements. Destiny Media Technologies is not obligated to update these statements in the future. For more information on the Company's risks and uncertainties relating to those forward-looking statements, please refer to the Risk Factors section in our Annual Form 10-K for the fiscal year ended August 31, 2023, which is available on or www.sec.gov.
本新闻稿包含前瞻性陈述，反映了当前对未来事件和经营业绩的看法。任何此类陈述都受到风险和不确定性的影响，这些风险和不确定性可能导致实际结果与这些前瞻性陈述中的预测存在重大差异。命运媒体科技将来没有义务更新这些声明。有关公司与这些前瞻性陈述相关的风险和不确定性的更多信息，请参阅我们截至2023年8月31日财年的10-K年度表格中的风险因素部分，该表格可在或www.sec.gov上查阅。
Contact:
联系人：
Fred Vandenberg
CEO, Destiny Media Technologies, Inc.
604 609 7736 x236
弗雷德·范登伯格
命运媒体科技有限公司首席执行官
604 609 7736 x236
DESTINY MEDIA TECHNOLOGIES, INC.
Condensed Consolidated Statements of Comprehensive Income
(Unaudited)
命运媒体技术有限公司
简明综合收益表
（未经审计）
| Three months ended | Six months ended | ||||||||||||
| |
February 29, 2024 | |
February 28, 2023 | |
February 29, 2024 | |
February 28, 2023 | ||||||
| Service revenue | $ |
986,338 |
$ | 899,042 |
$ |
2,141,140 |
$ | 1,919,779 |
|||||
| |
|
|
|
||||||||||
| Cost of revenue | |
|
|
|
|||||||||
| Hosting costs |
32,383 |
25,526 |
60,656 |
53,485 |
|||||||||
| Internal engineering support |
12,926 |
12,883 |
29,996 |
25,453 |
|||||||||
| Customer support |
73,247 |
73,008 |
169,975 |
144,236 |
|||||||||
| Third-party and transactions costs | |
16,790 | 15,177 | 38,137 | 32,867 | ||||||||
| |
135,346 | 126,594 | 298,764 | 256,041 | |||||||||
| Gross margin |
850,992 |
772,448 |
1,842,376 |
1,663,738 |
|||||||||
|
86.3% |
85.9% |
86.0% |
86.7% |
||||||||||
| Operating expenses | |
- |
|
|
|||||||||
| General and administrative |
205,255 |
175,345 |
353,147 |
338,406 |
|||||||||
| Sales and marketing |
285,001 |
258,300 |
500,858 |
432,526 |
|||||||||
| Product development |
419,183 |
312,904 |
727,730 |
576,330 |
|||||||||
| Depreciation and amortization | |
87,026 | |
35,952 | |
168,124 | |
72,331 | |||||
| |
996,465 | |
782,501 | |
1,749,859 | |
1,419,593 | ||||||
| Income (loss) from operations | (145,473) | (10,053) |
92,517 |
244,145 |
|||||||||
| |
|
|
|
||||||||||
| Other income | |
|
|
|
|||||||||
| Interest and other income | |
15,461 | |
8,777 | |
26,987 | |
16,445 | |||||
| Net income (loss) before income tax | $ | (130,012) | $ | (1,276) | $ |
119,504 |
$ | 260,590 |
|||||
| Current income tax expense | |
- | |
- | |
- | |
(3,600) | |||||
| Net income (loss) | $ | (130,012) | $ | (1,276) | $ |
119,504 |
$ | 256,990 |
|||||
| Foreign currency translation adjustments | |
2,341 | |
(18,922) | |
(10,351) | |
(111,406) | |||||
| Total comprehensive income (loss) | $ | (127,671) | $ | (20,198) | $ |
109,153 |
$ | 145,584 |
|||||
| |
|
|
|
||||||||||
| Net income (loss) per common share | |
|
|
|
|||||||||
| Basic and diluted | $ | (0.01) | $ | (0.00) | $ | 0.01 | $ | 0.03 | |||||
| |
|
|
|
||||||||||
| Weighted average common shares outstanding: | |
|
|
||||||||||
| Basic |
9,842,720 |
10,122,261 |
9,926,627 |
10,122,261 |
|||||||||
| Diluted |
10,107,554 |
10,122,261 |
10,191,461 |
10,122,261 |
|||||||||
| 三个月已结束 | 六个月已结束 | ||||||||||||
| |
2024年2月29日 | |
2023年2月28日 | |
2024年2月29日 | |
2023年2月28日 | ||||||
| 服务收入 | $ |
986,338 |
$ | 899,042 |
$ |
2,141,140 |
$ | 1,919,779 |
|||||
| |
|
|
|
||||||||||
| 收入成本 | |
|
|
|
|||||||||
| 托管费用 |
32,383 |
25,526 |
60,656 |
53,485 |
|||||||||
| 内部工程支持 |
12,926 |
12,883 |
29,996 |
25,453 |
|||||||||
| 客户支持 |
73,247 |
73,008 |
169,975 |
144,236 |
|||||||||
| 第三方和交易成本 | |
16,790 | 15,177 | 38,137 | 32,867 | ||||||||
| |
135,346 | 126,594 | 298,764 | 256,041 | |||||||||
| 毛利率 |
850,992 |
772,448 |
1,842,376 |
1,663,738 |
|||||||||
|
86.3% |
85.9% |
86.0% |
86.7% |
||||||||||
| 运营费用 | |
- |
|
|
|||||||||
| 一般和行政 |
205,255 |
175,345 |
353,147 |
338,406 |
|||||||||
| 销售和营销 |
285,001 |
258,300 |
500,858 |
432,526 |
|||||||||
| 产品开发 |
419,183 |
312,904 |
727,730 |
576,330 |
|||||||||
| 折旧和摊销 | |
87,026 | |
35,952 | |
168,124 | |
72,331 | |||||
| |
996,465 | |
782,501 | |
1,749,859 | |
1,419,593 | ||||||
| 运营收入（亏损） | (145,473) | (10,053) |
92,517 |
244,145 |
|||||||||
| |
|
|
|
||||||||||
| 其他收入 | |
|
|
|
|||||||||
| 利息和其他收入 | |
15,461 | |
8,777 | |
26,987 | |
16,445 | |||||
| 所得税前净收益（亏损） | $ | (130,012) | $ | (1,276) | $ |
119,504 |
$ | 260,590 |
|||||
| 当期所得税支出 | |
- | |
- | |
- | |
(3,600) | |||||
| 净收益（亏损） | $ | (130,012) | $ | (1,276) | $ |
119,504 |
$ | 256,990 |
|||||
| 外币折算调整 | |
2,341 | |
(18,922) | |
(10,351) | |
(111,406) | |||||
| 综合收益总额（亏损） | $ | (127,671) | $ | (20,198) | $ |
109,153 |
$ | 145,584 |
|||||
| |
|
|
|
||||||||||
| 普通股每股净收益（亏损） | |
|
|
|
|||||||||
| 基础版和稀释版 | $ | (0.01) | $ | (0.00) | $ | 0.01 | $ | 0.03 | |||||
| |
|
|
|
||||||||||
| 已发行普通股的加权平均值： | |
|
|
||||||||||
| 基本 |
9,842,720 |
10,122,261 |
9,926,627 |
10,122,261 |
|||||||||
| 稀释 |
10,107,554 |
10,122,261 |
10,191,461 |
10,122,261 |
|||||||||
DESTINY MEDIA TECHNOLOGIES, INC.
Condensed Consolidated Balance Sheets
命运媒体技术有限公司
简明合并资产负债表
| |
February 29, 2024 |
|
August 31, 2023 |
||||
| (unaudited) |
(audited) |
||||||
| ASSETS | |||||||
| Cash and cash equivalents | $ |
1,539,685 |
$ | 2,002,769 |
|||
| Accounts receivable, net of allowance for doubtful accounts of $38,436 (August 31, 2023 - $41,331) |
634,465 |
432,501 |
|||||
| Other receivables |
63,750 |
58,519 |
|||||
| Prepaid expenses |
40,297 |
72,014 |
|||||
| Deposits | |
32,174 | |
32,214 | |||
| Total current assets |
2,310,371 |
2,598,017 |
|||||
| |
|
||||||
| Property and equipment, net |
531,853 |
642,207 |
|||||
| Intangible assets, net |
872,752 |
645,474 | |||||
| Total assets | $ | |
3,714,976 | $ | 3,885,698 | ||
| |
|
||||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |
|
|||||
| Current | |
|
|||||
| Accounts payable | $ |
101,067 |
$ | 110,203 |
|||
| Accrued liabilities |
294,031 |
267,144 |
|||||
| Deferred revenue | |
19,304 | |
34,710 | |||
| Total current liabilities | |
414,402 | |
412,057 | |||
| Total liabilities | |
414,402 | |
412,057 | |||
| |
|
||||||
| Commitments and contingencies |
- |
- |
|||||
| |
|
||||||
| Stockholders' equity | |
|
|||||
| Common stock, par value $0.001, authorized 20,000,000 shares. Issued and outstanding - 9,787,310 shares (August 31, 2023 - 10,096,610 shares) |
9,787 |
10,096 |
|||||
| Additional paid-in capital |
8,960,760 |
9,242,671 |
|||||
| Accumulated deficit | (5,184,863) | (5,304,367) | |||||
| Accumulated other comprehensive loss | |
(485,110) | |
(474,759) | |||
| Total stockholders' equity | |
3,300,574 | |
3,473,641 | |||
| Total liabilities and stockholders' equity | $ | 3,714,976 | $ | 3,885,698 |
| |
二月 29, 2024 |
|
八月 31, 2023 |
||||
| （未经审计） |
（已审计） |
||||||
| 资产 | |||||||
| 现金和现金等价物 | $ |
1,539,685 |
$ | 2,002,769 |
|||
| 应收账款，扣除可疑账款备抵金38 436美元 （2023 年 8 月 31 日-41,331 美元） |
634,465 |
432,501 |
|||||
| 其他应收账款 |
63,750 |
58,519 |
|||||
| 预付费用 |
40,297 |
72,014 |
|||||
| 存款 | |
32,174 | |
32,214 | |||
| 流动资产总额 |
2,310,371 |
2,598,017 |
|||||
| |
|
||||||
| 财产和设备，净额 |
531,853 |
642,207 |
|||||
| 无形资产，净额 |
872,752 |
645,474 | |||||
| 总资产 | $ | |
3,714,976 | $ | 3,885,698 | ||
| |
|
||||||
| 负债和股东权益 | |
|
|||||
| 当前 | |
|
|||||
| 应付账款 | $ |
101,067 |
$ | 110,203 |
|||
| 应计负债 |
294,031 |
267,144 |
|||||
| 递延收入 | |
19,304 | |
34,710 | |||
| 流动负债总额 | |
414,402 | |
412,057 | |||
| 负债总额 | |
414,402 | |
412,057 | |||
| |
|
||||||
| 承付款和意外开支 |
- |
- |
|||||
| |
|
||||||
| 股东权益 | |
|
|||||
| 普通股，面值0.001美元，授权2,000万股。 已发行和流通-9,787,310 股（2023 年 8 月 31 日-10,096,610 股） |
9,787 |
10,096 |
|||||
| 额外的实收资本 |
8,960,760 |
9,242,671 |
|||||
| 累计赤字 | (5,184,863) | (5,304,367) | |||||
| 累计其他综合亏损 | |
(485,110) | |
(474,759) | |||
| 股东权益总额 | |
3,300,574 | |
3,473,641 | |||
| 负债和股东权益总额 | $ | 3,714,976 | $ | 3,885,698 |