Destiny Media Technologies Inc. Announces Fiscal Year 2023 Results
Destiny Media Technologies Inc. Announces Fiscal Year 2023 Results
Vancouver, British Columbia--(Newsfile Corp. - November 28, 2023) - 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 year ended August 31, 2023.
不列顛哥倫比亞省溫哥華--（Newsfile Corp.，2023年11月28日）——音樂行業基於雲的數字資產管理SaaS解決方案Play MPE的製造商命運媒體科技公司（TSXV：DSY）（OTCQB：DSNY）今天公佈了截至2023年8月31日的財年財務業績。
"We are immensely proud of the strides we've made under the leadership of Ro Fernandez (Director of Product Management) and Sergei Berenson (Director of Engineering). This year we beta launched a brand new technology which we call "MTR" or "Meter". MTR is a brand new service designed to meet the needs of record labels and artists and is a complementary new business to the Company's core Play MPE platform," said Fred Vandenberg, President and CEO. "As well, we have made significant progress on aspects in the Play MPE platform that should accelerate revenue growth and target market acquisition."
“我們爲在羅·費爾南德斯（產品管理總監）和謝爾蓋·貝倫森（工程總監）的領導下取得的進步感到非常自豪。今年，我們測試版推出了一項全新的技術，我們稱之爲 “MTR” 或 “Meter”。MTR是一項全新的服務，旨在滿足唱片公司和藝術家的需求，是公司核心Play MPE平台的補充新業務。” 總裁兼首席執行官弗雷德·範登伯格說。“同樣，我們在Play MPE平台的各個方面也取得了重大進展，這些方面應該可以加速收入增長和目標市場的獲取。”
Fiscal 2023 Financial Highlights
(all figures are USD, and comparisons are to 2022):
2023 財年財務亮點
（所有數字均爲美元，與2022年相比較）：
- Currency adjusted Play MPE revenue up 1.9%
- Capital investments in new software capabilities of $0.7M
- 6.1% growth in revenue in the second half of the fiscal year
- Net income up 125%
- 匯率調整後 Play MPE 收入增長 1.9%
- 對新軟件功能的資本投資爲70萬美元
- 本財年下半年收入增長6.1％
- 淨收入增長125％
Fiscal 2023 Operational Highlights
2023 財年運營亮點
- Strategic New Product Launch: Following two years of research and development, the Company beta launched a highly anticipated new digital tracking tool in Q4. Under trademark application, MTR ("Music Tracking Radar" or "Meter") is initially expected to fill an existing need of Play MPE customers, but will be marketed broadly.
- New Product Development leadership: Rocio Fernandez appointed Director of Product Development near the end of Q2 2023.
- Customer Satisfaction: NPS scores for Caster grew from a "great" score of 62 to an "excellent" score of 74, while CSAT score remained excellent at 98.7%.
- 戰略性新產品發佈： 經過兩年的研究和開發，公司測試版在第四季度推出了一款備受期待的新數字跟蹤工具。根據商標申請，MTR（“音樂追蹤雷達” 或 “Meter”）最初預計將滿足Play MPE客戶的現有需求，但將廣泛銷售。
- 新產品開發領導力： 羅西奧·費爾南德斯在2023年第二季度末被任命爲產品開發總監。
- 客戶滿意度： Caster的NPS分數從62分的 “優秀” 分數上升到74分的 “優秀” 分數，而CSAT分數仍然非常好，爲98.7％。
During the year, under a normal course issuer bid, the Company repurchased 25,651 shares for a total cost of $0.03 million.
年內，根據發行人的正常出價，該公司回購了25,651股股票，總成本爲03萬美元。
Fiscal Year 2023 Earnings Webinar
2023 財年收益網絡研討會
Destiny Media Technologies will hold a live webinar on Tuesday, November 28, 2023 at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time) to discuss financial results for its fiscal year ended August 31, 2023. The live webinar will include comments from President, Chief Executive Officer, Fred Vandenberg, and Director of Business Development and Marketing, Allan Benedict.
Destiny Media Technologies將於太平洋標準時間2023年11月28日星期二下午 2:00（美國東部標準時間下午 5:00）舉行網絡研討會直播，討論截至2023年8月31日的財年的財務業績。直播網絡研討會將包括總裁、首席執行官弗雷德·範登伯格和業務發展與營銷董事艾倫·本尼迪克特的評論。
Date: Tuesday, November 28, 2023
Time: 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time)
日期： 2023年11月28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，與會者攝像頭將保持關閉狀態。除非與會者自願選擇進行類似於傳統電話會議格式的口頭提問，否則出席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: +1 312 626 6799 or +1 253 215 8782
Webinar ID: 828 0170 1130
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：
直接撥入：+1 312 626 6799 或 +1 253 215 8782
網絡研討會編號：828 0170 1130
Attendees participating via dial in will not have access 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，這些陳述反映了當前對未來事件和經營業績的看法。任何此類陳述都存在風險和不確定性，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預測的結果存在重大差異。Destiny Media Technologies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年度表中的風險因素部分，該表可在或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
| For the years ended December 31, | |||||||
| 2023 | 2022 | ||||||
| Service revenue | $ | 4,034,384 | $ | 4,023,910 | |||
| Cost of revenue | |||||||
| Hosting costs | 114,881 | 178,567 | |||||
| Internal engineering support | 49,353 | 61,793 | |||||
| Customer support | 279,667 | 350,161 | |||||
| Third-party and transactions costs | 71,215 | 66,278 | |||||
| |
515,116 | 656,799 | |||||
| Gross margin | 3,519,268 | 3,367,111 | |||||
| |
87.2% | 83.7% | |||||
| Operating expenses | |||||||
| General and administrative | 769,613 | 980,381 | |||||
| Sales and marketing | 872,679 | 1,011,199 | |||||
| Product development | 1,337,445 | 1,099,618 | |||||
| Depreciation and amortization | 238,355 | 142,662 | |||||
| |
3,218,092 | 3,233,860 | |||||
| Income from operations | 301,176 | 133,251 | |||||
| Other income | |||||||
| Interest and other income | 36,498 | 9,153 | |||||
| Gain on disposal of assets | - | 11,018 | |||||
| Net income before income tax | $ | 337,674 | $ | 153,422 | |||
| Current income tax expense | (2,576 | ) | (4,348 | ) | |||
| Net income | $ | 335,098 | $ | 149,074 | |||
| Foreign currency translation adjustments | (98,541 | ) | (115,085 | ) | |||
| Total comprehensive income | $ | 236,557 | $ | 33,989 | |||
| Net income per common share | |||||||
| Basic and diluted | $ | 0.03 | $ | 0.01 | |||
| Weighted average common shares outstanding: | |||||||
| Basic and diluted | 10,119,454 | 10,169,426 | |||||
| 在截至12月31日的年度中， | |||||||
| 2023 | 2022 | ||||||
| 服務收入 | $ | 4,034,384 | $ | 4,023,910 | |||
| 收入成本 | |||||||
| 託管成本 | 114,881 | 178,567 | |||||
| 內部工程支持 | 49,353 | 61,793 | |||||
| 客戶支持 | 279,667 | 350,161 | |||||
| 第三方和交易成本 | 71,215 | 66,278 | |||||
| |
515,116 | 656,799 | |||||
| 毛利率 | 3,519,268 | 3,367,111 | |||||
| |
87.2% | 83.7% | |||||
| 運營費用 | |||||||
| 一般和行政 | 769,613 | 980,381 | |||||
| 銷售和營銷 | 872,679 | 1,011,199 | |||||
| 產品開發 | 1,337,445 | 1,099,618 | |||||
| 折舊和攤銷 | 238,355 | 142,662 | |||||
| |
3,218,092 | 3,233,860 | |||||
| 運營收入 | 301,176 | 133,251 | |||||
| 其他收入 | |||||||
| 利息和其他收入 | 36,498 | 9,153 | |||||
| 處置資產的收益 | - | 11,018 | |||||
| 所得稅前淨收入 | $ | 337,674 | $ | 153,422 | |||
| 當期所得稅支出 | (2,576 | ) | (4,348) | ) | |||
| 淨收入 | $ | 335,098 | $ | 149,074 | |||
| 外幣折算調整 | (98,541) | ) | (115,085) | ) | |||
| 綜合收入總額 | $ | 236,557 | $ | 33,989 | |||
| 普通股每股淨收益 | |||||||
| 基礎版和稀釋版 | $ | 0.03 | $ | 0.01 | |||
| 已發行普通股的加權平均值： | |||||||
| 基礎版和稀釋版 | 10,119,454 | 10,169,426 | |||||
|
August 31, 2023 |
August 31, 2022 |
|||||
| ASSETS | ||||||
| Cash and cash equivalents | $ | 2,002,769 | $ | 2,095,928 | ||
| Accounts receivable, net of allowance for doubtful accounts of $41,331 (2022 - $39,518) | 432,501 | 483,774 | ||||
| Other receivables | 58,519 | 29,600 | ||||
| Prepaid expenses | 72,014 | 83,242 | ||||
| Deposits | 32,214 | 33,305 | ||||
| Total current assets | 2,598,017 | 2,725,849 | ||||
| Property and equipment, net | 642,207 | 311,792 | ||||
| Intangible assets, net | 645,474 | 529,717 | ||||
| Total assets | $ | 3,885,698 | $ | 3,567,358 | ||
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||
| Current | ||||||
| Accounts payable | $ | 110,203 | $ | 116,290 | ||
| Accrued liabilities | 267,144 | 319,738 | ||||
| Deferred revenue | 34,710 | 21,043 | ||||
| Total current liabilities | 412,057 | 457,071 | ||||
| Total liabilities | 412,057 | 457,071 | ||||
| Commitments and contingencies | - | - | ||||
| Stockholders' equity | ||||||
| Common stock, par value $0.001, authorized 20,000,000 shares. Issued and outstanding - 10,096,610 shares (2022 - 10,122,261 shares) |
10,096 | 10,122 | ||||
| Additional paid-in capital | 9,242,671 | 9,115,848 | ||||
| Accumulated deficit | (5,304,367 | ) | (5,639,465 | ) | ||
| Accumulated other comprehensive loss | (474,759 | ) | (376,218 | ) | ||
| Total stockholders' equity | 3,473,641 | 3,110,287 | ||||
| Total liabilities and stockholders' equity | $ | 3,885,698 | $ | 3,567,358 |
|
8月31日 2023 |
8月31日 2022 |
|||||
| 資產 | ||||||
| 現金和現金等價物 | $ | 2,002,769 | $ | 2,095,928 | ||
| 應收賬款，扣除可疑賬款備抵41,331美元（2022年至39,518美元） | 432,501 | 483,774 | ||||
| 其他應收賬款 | 58,519 | 29,600 | ||||
| 預付費用 | 72,014 | 83,242 | ||||
| 存款 | 32,214 | 33,305 | ||||
| 流動資產總額 | 2,598,017 | 2,725,849 | ||||
| 財產和設備，淨額 | 642,207 | 311,792 | ||||
| 無形資產，淨額 | 645,474 | 529,717 | ||||
| 總資產 | $ | 3,885,698 | $ | 3,567,358 | ||
| 負債和股東權益 | ||||||
| 當前 | ||||||
| 應付賬款 | $ | 110,203 | $ | 116,290 | ||
| 應計負債 | 267,144 | 319,738 | ||||
| 遞延收入 | 34,710 | 21,043 | ||||
| 流動負債總額 | 412,057 | 457,071 | ||||
| 負債總額 | 412,057 | 457,071 | ||||
| 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。 已發行和流通股票-10,096,610 股（2022 年-10,122,261 股） |
10,096 | 10,122 | ||||
| 額外的實收資本 | 9,242,671 | 9,115,848 | ||||
| 累計赤字 | (5,304,367 | ) | (5,639,465 | ) | ||
| 累計其他綜合虧損 | (474,759) | ) | (376,218) | ) | ||
| 股東權益總額 | 3,473,641 | 3,110,287 | ||||
| 負債和股東權益總額 | $ | 3,885,698 | $ | 3,567,358 |
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