Destiny Media Technologies Inc. Announces Fiscal 2025 Third Quarter Results
Destiny Media Technologies (OTCQB: DSNY), provider of Play MPE® cloud-based SaaS solution for music industry digital asset management, reported its fiscal 2025 Q3 results. The company posted revenue of $1.13M with a net loss of $0.07M and Adjusted EBITDA of $0.12M, down from $0.22M in 2024.
While Play MPE revenue shows a 2.5% year-to-date increase despite Q3 retraction, the net loss was attributed to increased amortization of capital investments. The company continues to focus on preparing Play MPE® and MTR® for international market expansion.
Destiny Media Technologies (OTCQB: DSNY), fornitore della soluzione cloud SaaS Play MPE® per la gestione digitale degli asset nell'industria musicale, ha comunicato i suoi risultati del terzo trimestre fiscale 2025. L'azienda ha registrato un fatturato di 1,13 milioni di dollari con una perdita netta di 0,07 milioni di dollari e un EBITDA rettificato di 0,12 milioni di dollari, in calo rispetto ai 0,22 milioni del 2024.
Nonostante i ricavi di Play MPE mostrino un aumento del 2,5% da inizio anno nonostante una contrazione nel terzo trimestre, la perdita netta è stata attribuita a un aumento dell'ammortamento degli investimenti in capitale. L'azienda continua a concentrarsi sulla preparazione di Play MPE® e MTR® per l'espansione nei mercati internazionali.
Destiny Media Technologies (OTCQB: DSNY), proveedor de la solución SaaS en la nube Play MPE® para la gestión digital de activos en la industria musical, reportó sus resultados del tercer trimestre fiscal 2025. La compañía registró ingresos de 1,13 millones de dólares con una pérdida neta de 0,07 millones de dólares y un EBITDA ajustado de 0,12 millones de dólares, disminuyendo desde 0,22 millones en 2024.
Aunque los ingresos de Play MPE muestran un aumento del 2,5% acumulado en el año a pesar de la retracción en el tercer trimestre, la pérdida neta se atribuyó a un incremento en la amortización de las inversiones de capital. La compañía continúa enfocándose en preparar Play MPE® y MTR® para la expansión en mercados internacionales.
Destiny Media Technologies (OTCQB: DSNY)는 음악 산업의 디지털 자산 관리를 위한 클라우드 기반 SaaS 솔루션 Play MPE®를 제공하며, 2025 회계연도 3분기 실적을 발표했습니다. 회사는 113만 달러의 매출과 7만 달러의 순손실, 그리고 12만 달러의 조정 EBITDA를 기록했으며, 이는 2024년 22만 달러에서 감소한 수치입니다.
Play MPE 매출은 3분기 감소에도 불구하고 연초 대비 2.5% 증가를 보였으며, 순손실은 자본 투자에 대한 상각비 증가로 인한 것입니다. 회사는 Play MPE®와 MTR®의 국제 시장 확장을 위해 계속 준비에 집중하고 있습니다.
Destiny Media Technologies (OTCQB : DSNY), fournisseur de la solution SaaS cloud Play MPE® pour la gestion des actifs numériques dans l'industrie musicale, a publié ses résultats du troisième trimestre fiscal 2025. La société a enregistré un chiffre d'affaires de 1,13 million de dollars avec une perte nette de 0,07 million de dollars et un EBITDA ajusté de 0,12 million de dollars, en baisse par rapport à 0,22 million en 2024.
Bien que les revenus de Play MPE affichent une augmentation de 2,5 % depuis le début de l'année malgré un recul au troisième trimestre, la perte nette a été attribuée à une augmentation de l'amortissement des investissements en capital. La société continue de se concentrer sur la préparation de Play MPE® et MTR® pour une expansion sur les marchés internationaux.
Destiny Media Technologies (OTCQB: DSNY), Anbieter der cloudbasierten SaaS-Lösung Play MPE® für das digitale Asset-Management in der Musikindustrie, veröffentlichte seine Ergebnisse für das dritte Quartal des Geschäftsjahres 2025. Das Unternehmen erzielte einen Umsatz von 1,13 Mio. USD mit einem Nettoverlust von 0,07 Mio. USD und einem bereinigten EBITDA von 0,12 Mio. USD, was einen Rückgang gegenüber 0,22 Mio. USD im Jahr 2024 darstellt.
Obwohl die Play MPE-Umsätze trotz eines Rückgangs im dritten Quartal eine 2,5%ige Steigerung seit Jahresbeginn aufweisen, wurde der Nettoverlust auf erhöhte Abschreibungen auf Kapitalinvestitionen zurückgeführt. Das Unternehmen konzentriert sich weiterhin darauf, Play MPE® und MTR® für die internationale Markterweiterung vorzubereiten.
- Play MPE revenue up 2.5% year-to-date
- Strategic focus on international market expansion
- Positive Adjusted EBITDA of $0.12M maintained despite challenges
- Q3 revenue showed retraction from previous quarter
- Net loss of $0.07M due to increased amortization costs
- Adjusted EBITDA declined from $0.22M in 2024 to $0.12M
Vancouver, British Columbia--(Newsfile Corp. - July 14, 2025) - 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 2025 third quarter ended May 31, 2025.
"Play MPE revenue remains up by
Highlights for Q3 FY 2025
- Revenue of
$1.13M - Net loss of
$0.07M driven by the increased amortization of the capital investments - Adjusted EBITDA (non-GAAP) of
$0.12M (2024 -$0.22M )
Fiscal 2025 Third Quarter Earnings Webinar
Destiny Media Technologies will hold a live webinar on Monday, July 14, 2025 at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time) to discuss financial results for its fiscal 2025 third quarter ended May 31, 2025.
Date: Monday, July 14, 2025
Time: 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time)
Attendees are encouraged to register prior to the scheduled time at the following: DSNY Financials or by clicking on the Webinar Registration Form.
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.
The webinar format will provide the Company an opportunity to present visual information.
For those without internet access, the webinar can be accessed via the following dial in details:
Direct dial in US: +1 386 347 5053 or +1 507 473 4847 or More International numbers
Webinar ID: 872 9623 6164
Attendees participating via dial-in will not have access to the webinar video stream or the question and answer functions.
A recording of the webinar will be available after the event at DSNY Financials.
About 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 on the DSNY website.
Forward-Looking Statements
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, 2024, which is available on www.sedarplus.ca or www.sec.gov.
Contact:
Fred Vandenberg
CEO, Destiny Media Technologies, Inc.
604 609 7736 x236
DESTINY MEDIA TECHNOLOGIES, INC.
Condensed Consolidated Statements of Comprehensive Income
(Unaudited)
| For the three months ended May 31, | ||||||
| 2025 | 2024 | |||||
| Service revenue | $ | 1,133,963 | $ | 1,155,442 | ||
| Cost of revenue | ||||||
| Hosting costs | 41,374 | 35,036 | ||||
| Internal engineering support | 15,897 | 14,249 | ||||
| Customer support | 90,083 | 80,746 | ||||
| Third-party and transactions costs | 14,518 | 20,013 | ||||
| 161,872 | 150,044 | |||||
| Gross margin | 972,091 | 1,005,398 | ||||
| Operating expenses | ||||||
| General and administrative | 206,193 | 159,940 | ||||
| Sales and marketing | 228,760 | 280,308 | ||||
| Product development | 423,970 | 356,599 | ||||
| Depreciation and amortization | 190,425 | 87,760 | ||||
| 1,049,348 | 884,607 | |||||
| Income (loss) from operations | (77,257 | ) | 120,791 | |||
| Other income | ||||||
| Interest and other income | 4,969 | 13,685 | ||||
| Net income (loss) before income tax | (72,288 | ) | 134,476 | |||
| Current income tax expense | - | - | ||||
| Net income (loss) | $ | (72,288 | ) | $ | 134,476 | |
| Foreign currency translation adjustments | 119,306 | (16,714 | ) | |||
| Total comprehensive income | $ | 47,018 | $ | 117,762 | ||
| Net income (loss) per common share | ||||||
| Basic and diluted | $ | (0.01 | ) | $ | 0.01 | |
| Weighted average common shares outstanding: | ||||||
| Basic | 9,637,410 | 9,689,303 | ||||
| Diluted | 9,637,410 | 9,722,035 | ||||
DESTINY MEDIA TECHNOLOGIES, INC.
Condensed Consolidated Balance Sheets
(Unaudited)
| May 31, 2025 | August 31, 2024 | |||||
| ASSETS | ||||||
| Cash and cash equivalents | $ | 1,261,706 | $ | 1,481,582 | ||
| Accounts receivable, net of allowance for doubtful accounts of | 736,778 | 681,146 | ||||
| Other receivables | 121,192 | 82,585 | ||||
| Prepaid expenses | 38,534 | 87,345 | ||||
| Deposits | 31,764 | 32,347 | ||||
| Total current assets | 2,189,974 | 2,365,005 | ||||
| Property and equipment, net | 945,473 | 1,174,370 | ||||
| Intangible assets, net | 120,051 | 148,977 | ||||
| Total assets | $ | 3,255,498 | $ | 3,688,352 | ||
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||
| Current | ||||||
| Accounts payable | $ | 76,959 | $ | 151,734 | ||
| Accrued liabilities | 283,211 | 328,801 | ||||
| Deferred revenue | 37,650 | 42,399 | ||||
| Total current liabilities | 397,820 | 522,934 | ||||
| Total liabilities | 397,820 | 522,934 | ||||
| Stockholders' equity | ||||||
| Common stock, par value | 9,637 | 9,637 | ||||
| Additional paid-in capital | 8,847,617 | 8,819,785 | ||||
| Accumulated deficit | (5,448,851 | ) | (5,192,609 | ) | ||
| Accumulated other comprehensive loss | (550,725 | ) | (471,395 | ) | ||
| Total stockholders' equity | 2,857,678 | 3,165,418 | ||||
| Total liabilities and stockholders' equity | $ | 3,255,498 | $ | 3,688,352 |
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258666
FAQ
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