Destiny Meda Tec Stock Price, News & Analysis

Destiny Media Technologies (OTCQB: DSNY), provider of Play MPE® music industry SaaS solution, issued a corporate update addressing three key matters. First, the company disclosed details about its 2022 stock option plan, which allows for up to 1 million stock options granted above market value. Second, regarding ongoing litigation, DSNY awaits a Supreme Court of British Columbia decision on a 2017 legal claim filed by its former CEO alleging conspiracy, breach of contract, and wrongful dismissal. Third, the company received a failure-to-file cease trade order from BCSC on May 5, 2025, due to delayed SEDAR+ filing of Q2 results. The order was lifted on May 7, 2025, with trading expected to resume soon.

Destiny Media Technologies (OTCQB: DSNY), the creator of Play MPE®, a cloud-based SaaS solution for music industry digital asset management, has appointed Assel Mendesh as Chief Financial Officer. Mendesh, who holds CPA, CGA, FCCA, and CIA credentials, brings over 15 years of senior financial leadership experience. She previously served as Director of Finance at Corza Medical, where she led initiatives in entity integration and enhanced functional reporting across jurisdictions.

In her new role at Destiny Media, Mendesh will oversee financial operations, strategic planning, budgeting, and financial reporting. She will be instrumental in shaping the company's growth and financial strategy as it expands its offerings and market presence.

Destiny Media Technologies (OTCQB: DSNY), provider of Play MPE cloud-based SaaS solution for music industry digital asset management, reported its fiscal 2025 second quarter results ended February 28, 2025.

Key financial highlights include:

• Revenue reached $1M, showing a 3.3% increase compared to Q2 FY2024
• Net loss of $0.3M, primarily attributed to one-time litigation costs
• Adjusted EBITDA declined to ($0.12M) from ($0.05M) in 2024
• MTR™ revenue grew 20% quarter over quarter

The company reported progress on developing a new checkout experience aimed at scaling revenue growth more effectively, along with new Play MPE features designed to enhance network expansion through organic ecosystem growth.

Destiny Media Technologies (OTCQB: DSNY) reported its fiscal 2025 first quarter results, showing positive growth in its Play MPE® platform. The company achieved revenue of $1.2M, marking a 6.2% increase compared to Q1 FY2024, with net income of $0.12M and adjusted EBITDA of $0.29M (down from $0.33M in 2024).

CEO Fred Vandenberg highlighted significant progress in developing Play MPE's scalable, low-touch sales process and enhanced marketing strategies. The company expects to implement a fully automated sales process later in 2025, aiming to expand independent record label usage across new territories.

Destiny Media Technologies (OTCQB: DSNY) has announced it will release its fiscal 2025 first quarter financial results, covering the period ended November 30, 2024, before market open on Tuesday, January 14, 2025. The company will host a live webinar on the same day at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time) to discuss the results.

The webinar will feature visual presentations and allow attendees to submit questions during the live session. Participants can register through the company's investor relations website or join via telephone dial-in, though dial-in participants won't have access to visual content or Q&A functions. A recording will be available after the event on the company's investor website.

Destiny Media Technologies (DSNY) reported financial results for fiscal year 2024, showing a 9.6% revenue growth to $4.42 million. The growth was driven by increases in Major Label revenue (8.8%) and Independent Record Label revenue (10.0%). Net income decreased to $111,758 from $335,098 in 2023, while adjusted EBITDA was $577,284 compared to $687,463 in the prior period. The company invested $1.1 million in new software capabilities and focused on expanding its development and sales teams to accelerate feature implementation and market penetration.

Destiny Media Technologies (OTCQB: DSNY), creator of Play MPE®, a cloud-based SaaS solution for promotional music marketing, has scheduled its fiscal 2024 year-end earnings release and webinar for Thursday, November 21, 2024. The financial results will be released before market open, followed by a live webinar at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time). The webinar will feature visual presentations and allow attendees to submit questions. Participants can join via web registration or dial-in, though dial-in users won't have access to video or Q&A functions.

Destiny Media Technologies (OTCQB: DSNY) announced a new integration between its Play MPE music promotion distribution platform and MTR (Music Tracking Radar). The integration enables automatic tracking of songs uploaded to Play MPE through MTR, marking the first step in a new ecosystem launching in 2025.

MTR currently tracks airplay at over 5,000 stations in North America. The integration aims to streamline music distribution and tracking services, simplify subscription management, and reduce barriers to customer acquisition. Future enhancements will consolidate reporting across both platforms, encouraging cross-platform usage and improving efficiency for artists and labels.

Destiny Media Technologies Inc. (TSXV: DSY) (OTCQB: DSNY), creators of Play MPE®, has announced a significant update to its music promotion distribution platform. The company has introduced self-service account creation for record labels and independent artists, allowing users to easily explore Play MPE's ecosystem. This update is part of a series of platform enhancements planned through 2025.

The new feature aims to remove barriers to entry for independent artists, simplifying the onboarding and release creation process. This improvement is expected to expand the platform's reach into new markets, encourage larger marketing purchases, and facilitate broader music exposure. The goal is to help more artists connect with industry curators, broadcasters, and other key players, potentially increasing radio airplay and media exposure.