Destiny Media Technologies Inc. Announces Fiscal 2024 First Quarter Results
Destiny Media Technologies Inc. Announces Fiscal 2024 First Quarter Results
Vancouver, British Columbia--(Newsfile Corp. - January 16, 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 first quarter ended November 30, 2023.
不列顛哥倫比亞省溫哥華--（新聞文件公司，2024年1月16日）——音樂行業基於雲的數字資產管理SaaS解決方案Play MPE的製造商Destiny Media Technologies Inc.（TSXV：DSY）（OTCQB：DSNY）今天公佈了截至2023年11月30日的2024財年第一季度的財務業績。
"We are pleased to observe that strategic investments in Play MPE are beginning to yield palpable results," said Fred Vandenberg, President and CEO. "Our ongoing commitment to invest in the platform and marketing functions is aimed at further accelerating revenue growth."
總裁兼首席執行官弗雷德·範登伯格表示：“我們很高興地看到，對Play MPE的戰略投資已開始產生明顯的業績。”“我們持續承諾投資平台和營銷職能，旨在進一步加速收入增長。”
Financial Highlights
財務要聞
Highlights for Q1 2024 include (all figures are in USD dollars, and comparisons are to Q1 2023):
2024 年第一季度的亮點包括（所有數字均以美元計，與 2023 年第一季度進行比較）：
Play MPE sets a new benchmark with its highest quarterly revenue to date
Currency adjusted revenue grew by 10.6% (13.1% unadjusted)
Independent record label revenue up 19.5% globally
Adjusted EBITDA $0.3 million
Play MPE 以其迄今爲止最高的季度收入設定了新的基準
匯率調整後的收入增長了10.6％（未經調整的13.1％）
獨立唱片公司全球收入增長19.5％
調整後的息稅折舊攤銷前利潤爲30萬美元
During the first quarter of the fiscal 2024, under a normal course issuer bid, the Company repurchased 172,000 shares for a total cost of $0.2 million.
在2024財年第一季度，根據發行人的正常出價，公司回購了17.2萬股股票，總成本爲20萬美元。
Fiscal 2024 First Quarter Earnings Webinar
2024財年第一季度收益網絡研討會
Destiny Media Technologies will hold a live webinar on Tuesday, January 16, 2024 at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time) to discuss financial results for its fiscal 2024 first quarter ended November 30, 2023. The live webinar will include comments from President and CEO, Fred Vandenberg, and Director of Business Development, Allan Benedict.
Destiny Media Technologies將於太平洋標準時間2024年1月16日星期二下午2點（東部標準時間下午5點）舉行網絡研討會直播，討論截至2023年11月30日的2024財年第一季度的財務業績。在線研討會將包括總裁兼首席執行官弗雷德·範登伯格和業務發展總監艾倫·本尼迪克特的評論。
Date: Tuesday, January 16, 2024
Time: 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time)
日期： 2024 年 1 月 16 日，星期二
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:
or by clicking on the Webinar Registration Form.
鼓勵與會者在預定時間之前按以下時間註冊：
或者點擊網絡研討會註冊表。
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.
觀看網絡研討會的與會者可以在現場演示期間自願提交問題。在整個演示過程中，與會者的攝像頭將保持關閉狀態。除非與會者自願選擇進行與傳統電話會議格式類似的口頭提問，否則與會者的麥克風將保持關閉狀態。
The webinar format will provide the Company an opportunity to present visual information.
網絡研討會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:
Direct dial in US: +1 346 248 7799 or +1 360 209 5623 or More International numbers
Webinar ID: 883 9889 5640
對於那些無法上網的人，可以通過以下撥號詳細信息訪問網絡研討會：
在美國直接撥號：+1 346 248 7799 或 +1 360 209 5623 或更多國際號碼
網絡研討會 ID：883 9889 5640
Attendees participating via dial in will not have access to the webinar video stream and will not have access to question and answer functions.
通過撥號參與的與會者將無法訪問網絡研討會視頻流，也無法使用問答功能。
A recording of the webinar will be available after the event on .
網絡研討會的錄像將在活動結束後公佈。
About Destiny Media Technologies Inc.
關於命運媒體科技公司
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”）爲音樂行業的企業提供軟件即服務（SaaS）解決方案，以解決發行和推廣中的關鍵問題。核心服務Play MPE () 爲廣播、電影、電視及其他領域的決策者網絡提供促銷音樂營銷。更多信息可以在以下網址找到。
Forward-Looking Statements
前瞻性陳述
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.
本新聞稿包含前瞻性陳述，反映了當前對未來事件和經營業績的看法。任何此類陳述都受到風險和不確定性的影響，這些風險和不確定性可能導致實際結果與這些前瞻性陳述中的預測存在重大差異。命運媒體科技將來沒有義務更新這些聲明。有關公司與這些前瞻性陳述相關的風險和不確定性的更多信息，請參閱我們截至2023年8月31日財年的10-K年度表格中的風險因素部分，該表格可在或www.sec.gov上查閱。
Contact:
聯繫人：
Fred Vandenberg
CEO, Destiny Media Technologies, Inc.
604 609 7736 x236
弗雷德·範登伯格
命運媒體科技有限公司首席執行官
604 609 7736 x236
DESTINY MEDIA TECHNOLOGIES, INC.
Condensed Consolidated Statements of Comprehensive Income
(Unaudited)
命運媒體技術有限公司
簡明綜合收益表
（未經審計）
|
For the three months ended November 30, |
||||||
| 2023 | 2022 | |||||
| |
||||||
| Service revenue | $ |
1,154,802 |
$ | 1,020,737 |
||
| |
|
|
||||
| Cost of revenue | |
|
||||
| Hosting costs |
28,273 |
27,959 |
||||
| Internal engineering support |
17,070 |
12,570 |
||||
| Customer support |
96,728 |
71,228 |
||||
| Third-party and transactions costs |
21,347 |
17,690 |
||||
| |
163,418 |
129,447 | ||||
| Gross margin |
991,384 |
891,290 |
||||
| |
85.8% |
87.3% |
||||
| Operating expenses | |
|
||||
| General and administrative |
147,892 |
163,061 |
||||
| Sales and marketing |
215,857 |
174,226 |
||||
| Product development |
308,547 |
263,426 |
||||
| Depreciation and amortization |
81,098 |
36,379 | ||||
| |
753,394 |
637,092 | ||||
| Income from operations |
237,990 |
254,198 |
||||
| |
|
|
||||
| Other income | |
|
||||
| Interest and other income |
11,526 |
7,668 | ||||
| Net income before income tax | $ |
249,516 |
$ | 261,866 |
||
| Current income tax expense |
- |
(3,600) | ||||
| Net income | $ |
249,516 |
$ | 258,266 |
||
| Foreign currency translation adjustments | (12,692) | (92,484) | ||||
| Total comprehensive income | $ |
236,824 |
$ | 165,782 |
||
| |
|
|
||||
| Net income per common share | |
|
||||
| Basic and diluted | $ |
0.02 |
$ | 0.03 | ||
| |
|
|
||||
| Weighted average common shares outstanding: | |
|
||||
| Basic |
10,010,534 |
10,122,261 |
||||
| Diluted |
10,286,534 |
10,122,261 |
||||
|
在截至11月30日的三個月中 |
||||||
| 2023 | 2022 | |||||
| |
||||||
| 服務收入 | $ |
1,154,802 |
$ | 1,020,737 |
||
| |
|
|
||||
| 收入成本 | |
|
||||
| 託管成本 |
28,273 |
27,959 |
||||
| 內部工程支持 |
17,070 |
12,570 |
||||
| 客戶支持 |
96,728 |
71,228 |
||||
| 第三方和交易成本 |
21,347 |
17,690 |
||||
| |
163,418 |
129,447 | ||||
| 毛利率 |
991,384 |
891,290 |
||||
| |
85.8% |
87.3% |
||||
| 運營費用 | |
|
||||
| 一般和行政 |
147,892 |
163,061 |
||||
| 銷售和營銷 |
215,857 |
174,226 |
||||
| 產品開發 |
308,547 |
263,426 |
||||
| 折舊和攤銷 |
81,098 |
36,379 | ||||
| |
753,394 |
637,092 | ||||
| 運營收入 |
237,990 |
254,198 |
||||
| |
|
|
||||
| 其他收入 | |
|
||||
| 利息和其他收入 |
11,526 |
7,668 | ||||
| 所得稅前淨收入 | $ |
249,516 |
$ | 261,866 |
||
| 當期所得稅支出 |
- |
(3,600) | ||||
| 淨收入 | $ |
249,516 |
$ | 258,266 |
||
| 外幣折算調整 | (12,692) | (92,484) | ||||
| 綜合收入總額 | $ |
236,824 |
$ | 165,782 |
||
| |
|
|
||||
| 普通股每股淨收益 | |
|
||||
| 基礎版和稀釋版 | $ |
0.02 |
$ | 0.03 | ||
| |
|
|
||||
| 已發行普通股的加權平均值： | |
|
||||
| 基本 |
10,010,534 |
10,122,261 |
||||
| 稀釋 |
10,286,534 |
10,122,261 |
||||
DESTINY MEDIA TECHNOLOGIES, INC.
Condensed Consolidated Balance Sheets
命運媒體技術有限公司
簡明合併資產負債表
| November 30, 2023 |
August 31, 2023 |
|||||
| (unaudited) | ||||||
| ASSETS | ||||||
| Cash and cash equivalents | $ |
1,832,365 |
$ | 2,002,769 |
||
| Accounts receivable, net of allowance for doubtful accounts of $41,814 (August 31, 2023 - $41,331) |
622,768 |
432,501 |
||||
| Other receivables |
56,334 |
58,519 |
||||
| Prepaid expenses |
51,116 |
72,014 |
||||
| Deposits |
32,135 |
32,214 | ||||
| Total current assets |
2,594,718 |
2,598,017 |
||||
| |
|
|
||||
| Property and equipment, net |
586,439 |
642,207 |
||||
| Intangible assets, net |
796,485 |
645,474 | ||||
| Total assets | $ |
3,977,642 |
$ | 3,885,698 | ||
| |
|
|
||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |
|
||||
| Current | |
|
||||
| Accounts payable | $ |
92,660 |
$ | 110,203 |
||
| Accrued liabilities |
304,043 |
267,144 |
||||
| Deferred revenue |
27,447 |
34,710 |
||||
| Total current liabilities |
424,150 |
412,057 | ||||
| Total liabilities |
424,150 |
412,057 | ||||
| |
|
|
||||
| Commitments and contingencies |
- |
- |
||||
| |
|
|
||||
| Stockholders' equity | |
|
||||
| Common stock, par value $0.001, authorized 20,000,000 shares. Issued and outstanding - 9,924,610 shares (August 31, 2023 - 10,096,610 shares) |
9,924 |
10,096 |
||||
| Additional paid-in capital |
9,085,870 |
9,242,671 |
||||
| Accumulated deficit | (5,054,851) | (5,304,367) | ||||
| Accumulated other comprehensive loss | (487,451) | (474,759) | ||||
| Total stockholders' equity |
3,553,492 |
3,473,641 | ||||
| Total liabilities and stockholders' equity | $ |
3,977,642 |
$ | 3,885,698 |
| 2023年11月30日 |
八月 31, 2023 |
|||||
| （未經審計） | ||||||
| 資產 | ||||||
| 現金和現金等價物 | $ |
1,832,365 |
$ | 2,002,769 |
||
| 應收賬款，扣除可疑賬款備抵金41,814美元（2023年8月31日-41,331美元） |
622,768 |
432,501 |
||||
| 其他應收賬款 |
56,334 |
58,519 |
||||
| 預付費用 |
51,116 |
72,014 |
||||
| 存款 |
32,135 |
32,214 | ||||
| 流動資產總額 |
2,594,718 |
2,598,017 |
||||
| |
|
|
||||
| 財產和設備，淨額 |
586,439 |
642,207 |
||||
| 無形資產，淨額 |
796,485 |
645,474 | ||||
| 總資產 | $ |
3,977,642 |
$ | 3,885,698 | ||
| |
|
|
||||
| 負債和股東權益 | |
|
||||
| 當前 | |
|
||||
| 應付賬款 | $ |
92,660 |
$ | 110,203 |
||
| 應計負債 |
304,043 |
267,144 |
||||
| 遞延收入 |
27,447 |
34,710 |
||||
| 流動負債總額 |
424,150 |
412,057 | ||||
| 負債總額 |
424,150 |
412,057 | ||||
| |
|
|
||||
| 承付款和意外開支 |
- |
- |
||||
| |
|
|
||||
| 股東權益 | |
|
||||
| 普通股，面值0.001美元，授權2,000萬股。 已發行和流通-9,924,610 股 （2023 年 8 月 31 日-10,096,610 股） |
9,924 |
10,096 |
||||
| 額外的實收資本 |
9,085,870 |
9,242,671 |
||||
| 累計赤字 | (5,054,851) | (5,304,367) | ||||
| 累計其他綜合虧損 | (487,451) | (474,759) | ||||
| 股東權益總額 |
3,553,492 |
3,473,641 | ||||
| 負債和股東權益總額 | $ |
3,977,642 |
$ | 3,885,698 |
To view the source version of this press release, please visit
要查看本新聞稿的源版本，請訪問
譯文內容由第三人軟體翻譯。