Destiny Media Technologies Inc. Announces Fiscal 2023 Third Quarter Results
Destiny Media Technologies Inc. Announces Fiscal 2023 Third Quarter Results
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2023) - Destiny Media Technologies (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 2023 third quarter ended May 31, 2023.
不列顛哥倫比亞省溫哥華-(Newsfile Corp.-2023年7月17日)-音樂行業數位資產管理基於雲的SaaS解決方案Play MPE的製造商Destiny Media Technologies(TSXV：DSY)(OTCQB：DSNY)今天公佈了截至2023年5月31日的2023財年第三季度財務業績。
"We saw strong independent revenue growth throughout the quarter resulting in a 13.5% increase in this segment," said Fred Vandenberg, President and CEO. "Independent record label represents 52% of our total revenue and this growth was seen throughout all major market segments and is derived from growing sales numbers and revenue per release. Total revenue grew by 6.9%."
該公司首席執行官兼首席執行官弗雷德·範登伯格表示：“我們在整個季度都看到了強勁的獨立收入增長，導致這一領域的收入增長了13.5%。獨立唱片公司佔我們總收入的52%，這種增長在所有主要細分市場都可以看到，這是由於銷售數位和每次發行的收入不斷增長。總收入增長了6.9%。
"The Company increased its product development expenditures throughout the second half of 2022 to execute on earlier successful research and development expenditures. These investments continue through the first three quarters of fiscal 2023 where we see an increased in capitalized development costs," continued Vandenberg. "These costs are largely financed by ongoing operations."
範登堡繼續說：“公司在2022年下半年增加了產品開發支出，以執行早先成功的研發支出。這些投資將持續到2023財年前三個季度，我們看到資本化開發成本增加。”“這些成本很大程度上是由持續運營提供資金。”
Highlights
亮點
Highlights for Q3 2023 include (all figures are USD, and comparisons are to Q3 2022):
2023年第三季度的重點包括(所有數位均為美元，並與2022年第三季度進行比較)：
Quarterly revenue up 6.9% (6.3% foreign exchange adjusted);
Independent record label revenue, representing 52% of total revenue, up 13.5%;
EBITDA is $176,726 and capitalized development costs are $237,640.
季度收入增長6.9%(外匯調整後增長6.3%)；
獨立唱片公司收入，佔總收入的52%，增長13.5%；
EBITDA為176,726美元，資本化開發成本為237,640美元。
During the quarter, the Company restarted a Normal Course Issuer Bid and repurchased 5,685 shares for a total cost of $3,923. Total repurchases under the normal course issuer bid to July 12, 2023 of 9,585 shares for a total of $7,463.
在本季度，該公司重新啟動了正常的發行人出價，回購了5685股股票，總成本為3923美元。根據正常程式，發行人截至2023年7月12日的總回購金額為9,585股，總回購金額為7,463美元。
Fiscal 2023 Third Quarter Earnings Webinar
2023財年第三季度收益網路研討會
Destiny Media Technologies will hold a live webinar on Monday, July 17 at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time) to discuss its 2023 third quarter results.
Destination Media Technologies將於7月17日(星期一)下午2：00舉行現場網路研討會。太平洋標準時間(下午5：00東部標準時間)，討論其2023年第三季度業績。
The live webinar will include comments from President, Chief Executive Officer, Fred Vandenberg, and Director of Business Development, Allan Benedict.
現場直播的網路研討會將包括弗雷德·範登堡首席執行官總裁和董事業務發展部艾倫·本尼迪克特的評論。
Date: Monday, July 17, 2022
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:
日期：2022年7月17日(星期一)
時間：下午2點太平洋標準時間(下午5：00東部標準時間)
鼓勵與會者在預定時間之前在以下時間報名：
or directly on the REGISTRATION FORM by clicking here.
或直接在註冊表上單擊此處。
Attendees viewing the webinar can voluntarily submit verbal 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 questions similar to the format available on traditional conference call format.
觀看網路研討會的與會者可以在現場演示期間自願提交口頭問題。在整個演示過程中，與會者的攝像頭將保持關閉狀態。與會者的麥克風將保持關閉，除非與會者自願選擇參與類似於傳統電話會議形式的問題。
The webinar format will provide the Company an opportunity to present visual information and provide attendees with an opportunity for questions.
網路研討會的形式將為公司提供一個展示視覺資訊的機會，並為與會者提供提問的機會。
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人，可以通過以下撥打詳細資訊進入網路研討會：
Direct dial in: +1 312 626 6799 or +1 253 215 8782
Webinar ID: 890 0812 8337
直接撥入：+1 312 626 6799或+1 253 215 8782
網路研討會ID：890 0812 8337
Attendees participating via dial in will not have access to the webinar video stream and will not have access to question and answer functions.
通過撥入方式參與的與會者將無法訪問網路研討會視頻流，也無法訪問問答功能。
A recording of the webinar will be available after the event on
活動結束後，網上研討會的錄音將在
Destiny Media Technologies Inc.
Destination媒體技術公司
CONSOLIDATED BALANCE SHEETS
(Expressed in United States dollars)
As at May 31, 2023
合併資產負債表
(以美元表示)
截至2023年5月31日
| 2023 | 2022 | |||||
| $ | $ | |||||
| ASSETS | ||||||
| Current | ||||||
| Cash and cash equivalents | 1,825,172 | 2,095,928 | ||||
| Accounts receivable, net of allowance for doubtful accounts of $41,166 (August 31, 2022- $39,518) | 561,424 | 483,774 | ||||
| Other receivables | 51,042 | 29,600 | ||||
| Prepaid expenses | 47,073 | 83,242 | ||||
| Deposits | 32,083 | 33,305 | ||||
| Total current assets | 2,516,794 | 2,725,849 | ||||
| Property and equipment, net | 206,427 | 311,792 | ||||
| Intangible assets, net | 1,199,648 | 529,717 | ||||
| Total assets | 3,922,869 | 3,567,358 | ||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||
| Current | ||||||
| Accounts payable | 108,779 | 116,290 | ||||
| Accrued liabilities | 300,116 | 319,738 | ||||
| Deferred revenue | 40,758 | 21,043 | ||||
| Total current liabilities | 449,653 | 457,071 | ||||
| Total liabilities | 449,653 | 457,071 | ||||
| Commitments and contingencies | - | - | ||||
| Stockholders' equity | ||||||
| Common stock, par value $0.001, authorized 20,000,000 shares. Issued and outstanding - 10,122,261 shares (August 31, 2022 - issued and outstanding 10,122,261 shares) |
10,122 | 10,122 | ||||
| Additional paid-in capital | 9,224,712 | 9,115,848 | ||||
| Accumulated deficit | (5,275,423 | ) | (5,639,465 | ) | ||
| Accumulated other comprehensive loss | (486,195 | ) | (376,218 | ) | ||
| Total stockholders' equity | 3,473,216 | 3,110,287 | ||||
| Total liabilities and stockholders' equity | 3,922,869 | 3,567,358 |
| 2023年年 | 2022 | |||||
| $ | $ | |||||
| 資產 | ||||||
| 當前 | ||||||
| 現金和現金等價物 | 1825,172 | 2095,928 | ||||
| 應收賬款，扣除壞賬準備淨額41,166美元(2022年8月31日-39,518美元) | 561,424 | 483,774 | ||||
| 其他應收賬款 | 51,042 | 29,600人 | ||||
| 預付費用 | 47,073 | 83,242 | ||||
| 存款 | 32,083 | 33,305 | ||||
| 流動資產總額 | 2516,794 | 2725,849 | ||||
| 財產和設備，淨額 | 206,427 | 311,792 | ||||
| 無形資產，淨額 | 1,199,648 | 529,717 | ||||
| 總資產 | 3922,869 | 3567,358 | ||||
| 負債和股東權益 | ||||||
| 當前 | ||||||
| 應付帳款 | 108,779 | 116,290 | ||||
| 應計負債 | 300,116 | 319,738 | ||||
| 遞延收入 | 40,758 | 21,043 | ||||
| 流動負債總額 | 449,653 | 457,071 | ||||
| 總負債 | 449,653 | 457,071 | ||||
| 承付款和或有事項 | - | - | ||||
| 股東權益 | ||||||
| 普通股，面值0.001美元，授權股份20,000,000股。 已發行和已發行-10,122,261股(2022年8月31日-已發行和已發行10,122,261股) |
10,122 | 10,122 | ||||
| 額外實收資本 | 9,224,712 | 9,115,848 | ||||
| 累計赤字 | (5,275,423 | ) | (5639,465 | ) | ||
| 累計其他綜合損失 | (486,195 | ) | (376,218) | ) | ||
| 股東權益總額 | 3473216 | 3,110,287 | ||||
| 總負債和股東權益 | 3922,869 | 3567,358 |
Destiny Media Technologies Inc.
Destination媒體技術公司
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Expressed in United States dollars)
Period ended May 31, 2023
綜合全面收益表
(以美元表示)
截至2023年5月31日的期間
| 2023 | 2022 | |||||
| |
$ | $ | ||||
| Service revenue | 1,068,007 | 999,282 | ||||
| Cost of revenue | ||||||
| Hosting costs | 30,555 | 50,604 | ||||
| Internal engineering support | 12,707 | 21,497 | ||||
| Customer support | 72,001 | 121,816 | ||||
| Third-party and transactions costs | 18,490 | 15,688 | ||||
| |
133,753 | 209,605 | ||||
| Gross margin | 934,254 | 789,677 | ||||
| |
87% | 79% | ||||
| Operating expenses | ||||||
| General and administrative | 314,387 | 318,995 | ||||
| Sales and marketing | 237,834 | 113,172 | ||||
| Product development | 247,392 | 326,125 | ||||
| Depreciation and amortization | 37,182 | 36,313 | ||||
| |
836,795 | 794,605 | ||||
| Income from operations | 97,459 | (4,928 | ) | |||
| Other income | ||||||
| Interest and other income | 9,593 | 1,686 | ||||
| Gain on disposal of assets | - | - | ||||
| Income before provision for income taxes | 107,052 | (3,242 | ) | |||
| Current income tax expense | - | - | ||||
| Net income | 107,052 | (3,242 | ) | |||
| Foreign currency translation adjustments | 1,429 | 28,168 | ||||
| Total comprehensive income | 108,481 | 24,926 | ||||
| Net income per common share, basic and diluted | 0.01 | (0.00 | ) |
| 2023年年 | 2022 | |||||
| $ | $ | |||||
| 服務收入 | 1,068,007 | 999,282 | ||||
| 收入成本 | ||||||
| 託管成本 | 30,555 | 50,604 | ||||
| 內部工程支持 | 12,707 | 21,497 | ||||
| 客戶支持 | 72,001 | 121,816 | ||||
| 第三方和交易成本 | 18,490人 | 15,688 | ||||
| 133,753 | 209,605 | |||||
| 毛利率 | 934,254 | 789,677 | ||||
| |
87% | 79% | ||||
| 運營費用 | ||||||
| 一般和行政 | 314,387 | 318,995 | ||||
| 銷售和市場營銷 | 237,834 | 113,172 | ||||
| 產品開發 | 247,392 | 326,125 | ||||
| 折舊及攤銷 | 37,182 | 36,313 | ||||
| 836,795 | 794,605 | |||||
| 營業收入 | 97,459 | (4,928 | ) | |||
| 其他收入 | ||||||
| 利息和其他收入 | 9593 | 1,686 | ||||
| 處置資產的收益 | - | - | ||||
| 未計提所得稅準備的收入 | 107,052 | (3,242 | ) | |||
| 當期所得稅支出 | - | - | ||||
| 淨收入 | 107,052 | (3,242 | ) | |||
| 外幣折算調整 | 1429 | 28,168 | ||||
| 綜合收益總額 | 108,481 | 24926 | ||||
| 基本和稀釋後每股普通股淨收益 | 0.01 | (0.00 | ) |
About Destiny Media Technologies Inc.
關於命運媒體技術公司
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 .
Destination Media Technologies(“Destiny”)為音樂行業的企業提供軟體即服務(SaaS)解決方案，以解決發行和推廣方面的關鍵問題。核心服務Play MPE()向廣播、電影、電視和其他領域的決策者參與的網路提供促銷音樂營銷。有關更多資訊，請訪問。
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, 2022, which will be available on or www.sec.gov.
本新聞稿包含前瞻性陳述，反映了對未來事件和經營業績的當前看法。任何此類陳述都會受到風險和不確定因素的影響，這些風險和不確定因素可能導致實際結果與這些前瞻性陳述中預測的結果大相徑庭。Destination媒體技術公司沒有義務在未來更新這些聲明。欲瞭解與這些前瞻性陳述有關的公司風險和不確定性的更多資訊，請參考我們截至2022年8月31日的財政年度10-K年度報表中的風險因素部分，該部分將在或www.sec.gov上獲得。
Contact:
聯繫方式：
Fred Vandenberg
CEO, Destiny Media Technologies, Inc.
604 609 7736 x236
弗雷德·範登伯格
命運媒體技術公司首席執行官。
604 609 7736 x236
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。