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Destiny Media Technologies Schedules Fiscal 2026 First Quarter Earnings Release and Webinar
TMX Newsfile· 2026-01-07 23:27
Vancouver, British Columbia--(Newsfile Corp. - January 7, 2026) - Destiny Media Technologies Inc. (TSXV: DSY) (OTCQB: DSNY), a pioneer in music promotional delivery services, announced today that it will hold a live webinar on Thursday, January 15, 2026, at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time) to discuss financial results for its first quarter ended November 30, 2025. The Company plans to release the financial results before the market open on the day before, Wednesday, January ...
Destiny Media Technologies Inc. Announces Fiscal 2025 Year End Results
Newsfile· 2025-11-24 14:00
Core Insights - Destiny Media Technologies Inc. announced its financial results for the fiscal year ended August 31, 2025, highlighting a focus on technology modernization and revenue growth [1][2]. Fiscal Year 2025 Highlights - The company completed a multi-year technology modernization effort, essential for scalability and long-term competitiveness [2]. - Revenue growth was reported at 2.3%, with a currency-adjusted growth of 2.6% [9]. - The net loss for the year was $0.6 million, primarily due to higher amortization of capitalized development investments [9]. Technology Modernization Milestones - The migration of the largest enterprise customer to the new platform was completed, significantly reducing technical debt and support requirements [3]. - The launch of MTR™ in late 2024 targeted the radio airplay tracking market, establishing early adoption and customer foundation [4]. - The legacy list management module was fully rebuilt and replaced in April 2025, consolidating revenue-generating workflows onto the modern platform [6]. Product Enhancements - The introduction of self-service and checkout capabilities in 2025 aimed to streamline customer adoption and reduce onboarding friction [8]. - The combination of MTR™ and Play MPE® platforms offers unique cross-marketing opportunities and data-driven insights, enhancing the value proposition [5]. Financial Performance - Service revenue for fiscal 2025 was $4.52 million, compared to $4.42 million in fiscal 2024 [16]. - Gross margin decreased to 84.8% from 86.2% in the previous year [17]. - Operating expenses increased to $4.50 million from $3.75 million in fiscal 2024, with significant increases in product development and depreciation [17]. Balance Sheet Overview - Total assets decreased to $2.97 million from $3.69 million in the previous year [18]. - Cash and cash equivalents were reported at $1.12 million, down from $1.48 million [18]. - Stockholders' equity decreased to $2.42 million from $3.17 million, reflecting an accumulated deficit of $5.83 million [19].
Destiny Media Technologies Schedules Fiscal 2025 Year End Earnings Release and Webinar
Newsfile· 2025-11-18 16:28
Company Overview - Destiny Media Technologies Inc. is a pioneer in music promotional delivery services, providing SaaS solutions to the music industry to address critical distribution and promotion challenges [5]. Upcoming Webinar - The company will hold a live webinar on November 24, 2025, at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time) to discuss financial results for the fiscal year ended August 31, 2025 [1][2]. - Financial results will be released before the market opens on the same day [1]. Webinar Format and Participation - Attendees can submit questions during the live presentation, with cameras off and microphones muted unless engaging verbally [3]. - The webinar will include visual information and can also be accessed via dial-in for those without internet access [3]. - A recording of the webinar will be available afterward [4].
Destiny Media Technologies Prevails in Legal Proceedings
Newsfile· 2025-10-27 13:00
Group 1 - Destiny Media Technologies Inc. has successfully resolved claims filed by Mr. Steve Vestergaard, with all claims against the company, directors, and officers dismissed [1][2] - The company has been awarded costs from Mr. Vestergaard, indicating a favorable outcome for the company [1] - CEO Fred Vandenberg expressed satisfaction with the judgment and emphasized the company's focus on future growth and customer service [2] Group 2 - Destiny Media Technologies Inc. provides Software as a Service (SaaS) solutions specifically for the music industry, addressing critical issues in distribution and promotion [2] - The core service, Play MPE®, is recognized as the leading provider of music promotional delivery services, aimed at empowering artists and industry professionals in the digital age [2]
Destiny Media Technologies Introduces Caster +
Newsfile· 2025-08-28 13:00
Core Insights - Destiny Media Technologies Inc. has introduced two new platforms, Caster and Caster+, enhancing its Play MPE® service for digital asset management in the music industry [1][3][4] Group 1: Product Development - The existing campaign management service within Play MPE® will be rebranded as Caster+, which is a premium version designed for larger clients and smaller clients seeking additional support for a new service fee [2] - The newly launched Caster platform will serve as a comprehensive, customer-driven campaign management software, providing end-to-end music marketing functionality [3] - The transition to Caster is already underway for current customers, with all new customers being onboarded directly into this platform [3] Group 2: Strategic Positioning - The introduction of Caster and Caster+ is seen as a significant advancement for the platform, offering music marketers more flexibility in campaign management [4] - These new offerings are expected to better serve the music industry while positioning Play MPE® for continued growth and more efficient revenue scaling in both new and existing markets [3][4] Group 3: Company Overview - Destiny Media Technologies Inc. specializes in SaaS solutions for the music industry, focusing on distribution and promotion challenges [5] - Play MPE® is recognized as the leading provider of music promotional delivery services, aimed at empowering artists and industry professionals in the digital age [5]
Destiny Media Technologies Inc. Announces Fiscal 2025 Third Quarter Results
Newsfile· 2025-07-14 13:00
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. 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 ...
Destiny Media Technologies Update on TSX Trading
Newsfile· 2025-05-13 17:03
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2025) - Destiny Media Technologies Inc. (TSXV: DSY), announced today that on May 7, 2025 the Company received a notice of suspension from trading on the TSX as a result of a Cease Trading Order (“CTO”) issued from the BC Securities Commission due to the non-filing of the Company’s February 28, 2025 quarter results on SEDAR+. The Company filed on a timely basis with the Securities and Exchange Commission (“SEC”) but the Company’s filing service provider ...