Destiny Media Technologies Inc. Announces Fiscal 2024 Third Quarter Results
Destiny Media Technologies Inc. Announces Fiscal 2024 Third Quarter Results
Vancouver, British Columbia--(Newsfile Corp. - July 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 third quarter ended May 31, 2024.
Destiny Media Technologies Inc. (TSXV: DSY) (OTCQB: DSNY) 的Play MPE是音樂行業中基於雲的SaaS解決方案，用於數字資產管理。今天宣佈，截至2024年5月31日的第三季度財務業績。
"Over the past year, we have sustained revenue growth each quarter for an average growth of 9.1%. This growth follows recent product investments into our core Play MPE platform," stated Fred Vandenberg, President and CEO. "We continue to invest in the core Play MPE platform to facilitate scalable growth, invest in new products to add new addressable markets, while concurrently enhancing our marketing strategy to drive further revenue increases."
“在過去的一年中，我們每個季度都保持營收增長，平均增長率爲9.1%。這種增長是由我們對核心Play MPE平台的最新產品投資所帶來的，”總裁兼首席執行官Fred Vandenberg表示。 “我們繼續投資於核心Play MPE平台，以促進可擴展的增長，投資於新產品以增加新的可尋址市場，同時增強我們的營銷策略，以進一步增加收入。”
Financial Highlights
財務亮點
Q3 2024 vs Q3 2023
2024財政第三季度與2023財政第三季度對比
- Revenue of $1.2M, an increase of 8.2% (FX adjusted - 8.5%)
- Global independent record label growth of 11.9%
- Net income of $0.13M
- Adjusted EBITDA of $0.22M
- 營業額爲120萬美元，增長8.2%（外匯調整-8.5%）
- 全球獨立唱片公司增長11.9%
- 淨收入爲13萬美元
- 調整後的EBITDA爲220,000美元
During the third quarter of the fiscal 2024, under a normal course issuer bid ("NCIB"), the Company repurchased 149,900 shares for a total cost of $0.16 million. During the nine months ended May 31, 2024, the Company repurchased 459,200 shares for a total cost of $0.47 million. The NCIB ceased on May 2, 2024 and has not been renewed.
2024年第三季度在常規股份回購（“NCIB”）下，公司回購了149,900股，總成本爲16萬美元。截至2024年5月31日的九個月內，公司回購了459,200股，總成本爲47萬美元。NCIb於2024年5月2日終止，尚未續約。
Fiscal 2024 Third Quarter Earnings Webinar
2024財政第三季度盈利網絡研討會
Destiny Media Technologies will hold a live webinar on Monday, July 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 third quarter ended May 31, 2024.
Destiny Media Technologies將於2024年7月15日星期一下午2:00（太平洋標準時間）（東部標準時間下午5:00）舉行現場網絡研討會，討論截至2024年5月31日的第三季度財務業績。
Date: Monday, July 15, 2024
Time: 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time)
日期: 2024年7月15日星期一
時間：太平洋標準時間下午2:00（東部標準時間下午5:00）
Attendees are encouraged to register prior to the scheduled time at the following:
參會者被鼓勵在預定時間前進行以下注冊：
or by clicking on the Webinar Registration Form.
或者點擊網絡研討會註冊表格進行註冊。
Attendees of the webinar can submit questions voluntarily during the live presentation. Cameras will remain off for all attendees throughout the session. Microphones will also remain muted unless an attendee chooses to engage in verbal questions, similar to the format used in traditional conference calls.
網絡研討會的參與者可以在直播過程中自願提交問題。所有參與者的攝像頭在整個研討會期間一直是關閉的。除非參與者選擇參與口頭提問，否則所有的參與者麥克風都將保持靜音狀態，這種模式類似於傳統的電話會議。
The webinar format will provide the Company an opportunity to present visual information.
網絡研討會的形式將爲公司提供展示視覺信息的機會。
For those without internet access, the webinar can be accessed via the following dial in details:
對於那些沒有互聯網接入的參會者，可以通過以下撥號詳細信息訪問網絡研討會:
Direct dial in US: +1 346 248 7799 or +1 360 209 5623 or More International numbers
Webinar ID: 817 1581 2583
美國直接撥號：+1 346 248 7799 或 +1 360 209 5623 或更多國際號碼
網絡研討會ID：817 1581 2583
Attendees participating via dial-in will not have access to the webinar video stream or the question and answer functions.
通過撥號參加網絡研討會的參與者將無法訪問網絡研討會視頻流或問答功能。
A recording of the webinar will be available after the event at
本次研討會的錄像將在活動後提供。
About Destiny Media Technologies Inc.
關於Destiny Media Technologies Inc.
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”）爲音樂行業提供軟件即服務（SaaS）解決方案，解決了分發和推廣方面的重要問題。核心服務Play MPE（）爲廣泛的決策者網絡（廣播、電影、電視等）提供促銷音樂服務。更多信息可以在 上找到。
Forward-Looking Statements
前瞻性聲明
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.
本新聞稿包含反映未來事件和業績的前瞻性聲明。這些聲明都可能受到風險和不確定性的影響，可能導致實際結果與這些前瞻性聲明所描繪的結果有所不同。Destiny Media Technologies無義務在未來更新這些聲明。欲了解有關公司風險和與這些前瞻性聲明相關的不確定性，請參閱我們於2023財年8月31日結束的年度10-k表的風險因素部分，該報告可在或www.sec.gov上獲得。.
Contact:
聯繫方式：
Fred Vandenberg
CEO, Destiny Media Technologies, Inc.
604 609 7736 x236
Fred Vandenberg
Destiny Media Technologies, Inc.公司總裁
604 609 7736 x236
DESTINY MEDIA TECHNOLOGIES, INC.
Condensed Consolidated Statements of Comprehensive Income
(Unaudited)
DESTINY MEDIA TECHNOLOGIES，INC。
精簡綜合收益表
(未經審計)
| Three months ended May 31, | Nine months ended May 31, | |||||||||||
| 2024 | |
2023 | |
2024 | |
2023 | ||||||
| Service revenue | $ |
1,155,442 |
$ | 1,068,007 |
$ |
3,296,582 |
$ | 2,987,786 |
||||
| |
|
|
|
|||||||||
| Cost of revenue | |
|
|
|
||||||||
| Hosting costs |
35,036 |
30,555 |
95,692 |
84,040 |
||||||||
| Internal engineering support |
14,249 |
12,707 |
44,245 |
38,160 |
||||||||
| Customer support |
80,746 |
72,001 |
250,721 |
216,237 |
||||||||
| Third-party and transactions costs |
20,013 |
18,490 |
58,150 |
51,357 | ||||||||
|
150,044 |
133,753 |
448,808 |
389,794 | |||||||||
| Gross margin |
1,005,398 |
934,254 |
2,847,774 |
2,597,992 |
||||||||
|
87.0% |
87.5% |
86.4% |
87.0% |
|||||||||
| Operating expenses | |
|
|
|
||||||||
| General and administrative |
159,940 |
314,387 |
513,087 |
652,793 |
||||||||
| Sales and marketing |
280,308 |
237,834 |
781,166 |
670,360 |
||||||||
| Product development |
356,599 |
247,392 |
1,084,329 |
823,722 |
||||||||
| Depreciation and amortization |
87,760 |
37,182 |
255,884 |
109,513 | ||||||||
| |
884,607 | |
836,795 | |
2,634,466 | |
2,256,388 | |||||
| Income from operations |
120,791 |
97,459 |
213,308 |
341,604 |
||||||||
| |
|
|
|
|||||||||
| Other income | |
|
|
|
||||||||
| Interest and other income |
13,685 |
9,593 |
40,672 |
26,038 | ||||||||
| Net income before income tax | $ |
134,476 |
$ | 107,052 |
$ |
253,980 |
$ | 367,642 |
||||
| Current income tax expense |
- |
- |
- |
(3,600) | ||||||||
| Net income | $ |
134,476 |
$ | 107,052 |
$ |
253,980 |
$ | 364,042 |
||||
| Foreign currency translation adjustments | (16,714) | 1,429 |
(27,065) | (109,977) | ||||||||
| Total comprehensive income | $ |
117,762 |
$ | 108,481 |
$ |
226,915 |
$ | 254,065 |
||||
| |
|
|
|
|||||||||
| Net income per common share | |
|
|
|
||||||||
| Basic and diluted | $ |
0.01 |
$ |
0.01 |
$ |
0.03 |
$ | 0.04 | ||||
| |
|
|
|
|||||||||
| Weighted average common shares outstanding: |
|
|
|
|
||||||||
| Basic |
9,689,303 |
10,123,984 |
9,846,942 |
10,124,168 |
||||||||
| Diluted |
9,722,035 |
10,123,984 |
9,888,441 |
10,124,168 |
||||||||
| 截至5月31日的三個月 | 截至5月31日的九個月 | |||||||||||
| 2024 | |
2023 | |
2024 | |
2023 | ||||||
| 服務收入 | $ | 1,155,442 |
$ | 1,068,007 |
$ | 3,296,582 |
$ | 2,987,786 |
||||
| |
|
|
|
|||||||||
| 營業收入成本 | |
|
|
|
||||||||
| 託管成本 | 35,036 |
30,555 |
95,692 |
84,040 |
||||||||
| 內部工程支持 | 14,249 |
12,707 |
44,245 |
38,160 |
||||||||
| 客戶支持 | 80,746 |
72,001 |
250,721 |
216,237 |
||||||||
| 第三方和交易成本 | 20,013 |
18490 |
58,150 |
51,357 | ||||||||
| 150,044 |
133,753 |
448,808 |
389,794 | |||||||||
| 毛利率 | 1,005,398 |
934,254 |
2,847,774 |
2,597,992 |
||||||||
| 87.0% |
87.5% |
86.4% |
87.0% |
|||||||||
| 營業費用 | |
|
|
|
||||||||
| 常規和行政費用 | 159,940 |
314,387 |
513,087 |
652,793 |
||||||||
| 銷售和營銷費用 | 280,308 |
237,834 |
781,166 |
670,360 |
||||||||
| 產品開發費用 | 356,599 |
247,392 |
1,084,329 |
823,722 |
||||||||
| 折舊及攤銷 | 87,760 |
37,182 |
255,884 |
營業外收支淨額。 | ||||||||
| |
884,607 | |
836,795 | |
2,634,466 | |
2,256,388 | |||||
| 營業利潤 | 120,791 |
97,459 |
213,308 |
341,604 |
||||||||
| |
|
|
|
|||||||||
| 其他收入 | |
|
|
|
||||||||
| 利息和其他收入 | 13,685 |
9,593 |
40,672 |
26,038 | ||||||||
| 稅前淨利潤 | $ | 134,476 |
$ | 107,052 |
$ | 253,980 |
$ | 367,642 |
||||
| 當期所得稅費用 | - |
- |
- |
(3,600) | ||||||||
| 淨收入 | $ | 134,476 |
$ | 107,052 |
$ | 253,980 |
$ | 364,042 |
||||
| 外幣翻譯調整 | (16,714) | 1,429 |
(27,065) | (109,977) | ||||||||
| 總綜合收益 | $ | 117,762 |
$ | 108,481 |
$ | 226,915 |
$ | 254,065 |
||||
| |
|
|
|
|||||||||
| 每股普通股淨收益 | |
|
|
|
||||||||
| 基本和稀釋後 | $ | 0.01 |
$ | 0.01 |
$ | 0.03 |
$ | 0.04。 | ||||
| |
|
|
|
|||||||||
| 加權平均流通股數: |
|
|
|
|
||||||||
| 基本 | 9,689,303 |
10,123,984 |
9,846,942 |
10,124,168 |
||||||||
| 稀釋 | 9,722,035 |
10,123,984 |
9,888,441 |
10,124,168 |
||||||||
DESTINY MEDIA TECHNOLOGIES, INC.
Condensed Consolidated Balance Sheets
DESTINY MEDIA TECHNOLOGIES，INC。
壓縮合並資產負債表
|
May 31, 2024 |
August 31, 2023 |
|||||
| |
(unaudited) | |
|
(audited) |
||
| ASSETS | ||||||
| Cash and cash equivalents | $ |
1,390,887 |
$ | 2,002,769 |
||
| Accounts receivable, net of allowance for credit losses of $40,950 (August 31, 2023 - $41,331) |
682,359 |
432,501 |
||||
| Other receivables |
69,915 |
58,519 |
||||
| Prepaid expenses |
69,429 |
72,014 |
||||
| Deposits |
31,995 |
32,214 | ||||
| Total current assets |
2,244,585 |
2,598,017 |
||||
| |
|
|||||
| Property and equipment, net |
474,902 |
642,207 |
||||
| Intangible assets, net |
970,663 |
645,474 |
||||
| Total assets | $ | 3,690,150 | $ | 3,885,698 | ||
| |
|
|||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |
|
||||
| Current | |
|
||||
| Accounts payable | $ |
88,269 |
$ | 110,203 |
||
| Accrued liabilities |
298,847 |
267,144 |
||||
| Deferred revenue |
36,930 |
34,710 | ||||
| Total current liabilities |
424,046 |
412,057 | ||||
| Total liabilities | 424,046 | 412,057 | ||||
| |
|
|||||
| Commitments and contingencies |
- |
- |
||||
| |
|
|||||
| Stockholders' equity | |
|
||||
| Common stock, par value $0.001, authorized 20,000,000 shares. Issued and outstanding - 9,637,410 shares (August 31, 2023 - 10,096,610 shares) |
9,637 |
10,096 |
||||
| Additional paid-in capital |
8,808,678 |
9,242,671 |
||||
| Accumulated deficit | (5,050,387) | (5,304,367) | ||||
| Accumulated other comprehensive loss | (501,824) | (474,759) | ||||
| Total stockholders' equity |
3,266,104 |
3,473,641 | ||||
| Total liabilities and stockholders' equity | $ |
3,690,150 |
$ | 3,885,698 |
| 5月31日 2024 |
8月31日 2023 |
|||||
| |
（未經審計） | |
|
(經審計) |
||
| 資產 | ||||||
| 現金及現金等價物 | $ | 1,390,887 |
$ | 2,002,769 |
||
| 應收賬款淨額，扣除壞賬準備$40,950 (2023年8月31日 - $41,331) |
682,359 |
432,501 |
||||
| 其他應收款 | 69,915 |
58,519 |
||||
| 預付費用 | 69,429 |
72,014 |
||||
| 存款 | 31,995 |
32,214 | ||||
| 總流動資產 | 2,244,585 |
2,598,017 |
||||
| |
|
|||||
| 資產和設備，淨值 | 474,902 |
642,207 |
||||
| 無形資產, 淨額 | 970,663 |
645,474 |
||||
| 總資產 | $ | 3,690,150 | $ | 3,885,698 | ||
| |
|
|||||
| 負債和股東權益 | |
|
||||
| 當前 | |
|
||||
| 應付賬款 | $ | 88,269 |
$ | 110,203 |
||
| 應計負債 | 298,847 |
267,144 |
||||
| 遞延收入 | 36,930 |
34,710 | ||||
| 流動負債合計 | 424,046 |
412,057 | ||||
| 負債合計 | 424,046 | 412,057 | ||||
| |
|
|||||
| 承諾和義務 | - |
- |
||||
| |
|
|||||
| 股東權益 | |
|
||||
| 普通股，面值$0.001，授權股份爲2000萬股。 已發行股份爲9,637,410股，流通股份10,096,610股（2023年8月31日 - 10,096,610股） |
9,637 |
10,096 |
||||
| 額外實收資本 | 淨利潤計入調整項，卻不計入現金流量。 |
9,242,671 |
||||
| 累積赤字 | ($5,050,387) | ($5,304,367) | ||||
| 累計其他綜合損失 | ($501,824) | ($474,759) | ||||
| 股東權益合計 | 3,266,104 |
3,473,641 | ||||
| 負債和股東權益合計 | $ | 3,690,150 |
$ | 3,885,698 |