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.
不列顛哥倫比亞省溫哥華--（Newsfile Corp.，2024年7月15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.（多倫多證券交易所股票代碼：DSY）（OTCQB：DSNY）今天公佈了截至2024年5月31日的2024財年第三季度的財務業績。
"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，我們每個季度的收入持續增長，平均增長9.1％。這種增長是在最近對我們的核心Play MPE平台進行產品投資之後實現的。” 總裁兼首席執行官弗雷德·範登伯格說。“我們將繼續投資核心Play MPE平台以促進可擴展的增長，投資新產品以增加新的潛在市場，同時加強我們的營銷策略以推動收入的進一步增長。”
Financial Highlights
財務要聞
Q3 2024 vs Q3 2023
2024 年第三季度對比 2023 年第三季度
- 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
- 收入爲120萬美元，增長8.2％（經外匯調整後-8.5％）
- 全球獨立唱片公司增長11.9％
- 淨收入爲13萬美元
- 調整後的息稅折舊攤銷前利潤爲22萬美元
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.
在2024財年第三季度，根據普通股發行人的出價（“NCIB”），公司回購了149,900股股票，總成本爲16萬美元。在截至2024年5月31日的九個月中，公司回購了459,200股股票，總成本爲47萬美元。NCiB 於 2024 年 5 月 2 日停產，尚未續訂。
Fiscal 2024 Third Quarter Earnings Webinar
2024財年第三季度收益網絡研討會
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將於太平洋標準時間2024年7月15日星期一下午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2024年5月31日的2024財年第三季度的財務業績。
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:
鼓勵與會者在預定時間之前按以下時間註冊：
or by clicking on the Webinar Registration Form.
或者點擊網絡研討會註冊表。
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現場演示期間自願提交問題。在整個會議期間，所有與會者的攝像頭將保持關閉狀態。除非與會者選擇進行口頭提問，否則麥克風也將保持靜音，類似於傳統電話會議中使用的格式。
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:
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：
Direct dial in US: +1 346 248 7799 or +1 360 209 5623 or More International numbers
Webinar ID: 817 1581 2583
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：817 1581 2583
Attendees participating via dial-in will not have access to the webinar video stream or the question and answer functions.
通過撥號參與的與會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
網絡研討會的錄像將在活動結束後在以下網址公佈
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、電視等領域的決策者網絡提供促銷音樂營銷。更多信息可以在此處找到。
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）
| 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 |
||||
| |
|
|
|
|||||||||
| 收入成本 | |
|
|
|
||||||||
| 託管費用 | 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 |
18,490 |
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% |
|||||||||
| 運營費用 | |
|
|
|
||||||||
| 一般和行政 | 159,940 |
314,387 |
513,087 |
652,793 |
||||||||
| 銷售和營銷 | 280,308 |
237,834 |
781,166 |
670,360 |
||||||||
| 產品開發 | 356,599 |
247,392 |
1,084,329 |
823,722 |
||||||||
| 折舊和攤銷 | 87,760 |
37,182 |
255,884 |
109,513 | ||||||||
| |
884,607 | |
836,795 | |
2,634,466 | |
2,256,388 | |||||
| 運營收入 | 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 | ||||||||
| 所得稅前淨收入 | $ | 134,476 |
$ | 107,052 |
$ | 253,980 |
$ | 367,642 |
||||
| 當期所得稅支出 | - |
- |
- |
(3,600) | ||||||||
| 淨收入 | $ | 134,476 |
$ | 107,052 |
$ | 253,980 |
$ | 364,042 |
||||
| 外幣折算調整 | (16,714) | 1,429 |
(27,065) | (109,977) | ||||||||
| 綜合收入總額 | $ | 117,762 |
$ | 108,481 |
$ | 226,915 |
$ | 254,065 |
||||
| |
|
|
|
|||||||||
| 普通股每股淨收益 | |
|
|
|
||||||||
| 基本款和稀釋版 | $ | 0.01 |
$ | 0.01 |
$ | 0.03 |
$ | 0.04 | ||||
| |
|
|
|
|||||||||
| 已發行普通股的加權平均值： |
|
|
|
|
||||||||
| 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
命運媒體技術有限公司
簡明合併資產負債表
|
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 |
八月 31, 2023 |
|||||
| |
（未經審計） | |
|
（已審計） |
||
| 資產 | ||||||
| 現金和現金等價物 | $ | 1,390,887 |
$ | 2,002,769 |
||
| 應收賬款，扣除40,950美元的信貸損失備抵後 （2023 年 8 月 31 日-41,331 美元） |
682,359 |
432,501 |
||||
| 其他應收賬款 | 69,915 |
58,519 |
||||
| 預付費用 | 69,429 |
72,014 |
||||
| 存款 | 31,995 |
32,214 | ||||
| 流動資產總額 | 2,244,585 |
2,598,017 |
||||
| |
|
|||||
| 財產和設備，淨額 | 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 | ||||
| 流動負債總額 | 424,046 |
412,057 | ||||
| 負債總額 | 424,046 | 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-9,637,410 股（2023 年 8 月 31 日-10,096,610 股） |
9,637 |
10,096 |
||||
| 額外的實收資本 | 8,808,678 |
9,242,671 |
||||
| 累計赤字 | (5,050,387) | (5,304,367) | ||||
| 累計其他綜合虧損 | (501,824) | (474,759) | ||||
| 股東權益總額 | 3,266,104 |
3,473,641 | ||||
| 負債和股東權益總額 | $ | 3,690,150 |
$ | 3,885,698 |
譯文內容由第三人軟體翻譯。