DSNY
Destiny Media Technologies Inc.0.5500
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
5.30MP/E (TTM)
-Basic EPS (TTM)
-0.07Dividend Yield
0%Recent Filings
10-K
10-Q
Q3 FY2025 results
Destiny Media Technologies posted Q3 FY2025 service revenue of $1.13M, down 1.9% y/y but up 2.5% YTD to $3.38M, driven by major label strength while independents dipped in Australia and the US. Gross margin slipped to 85.7% from 87.0% y/y, pressured by MTR infrastructure costs, yet YTD held steady at 86.2%. Operating expenses climbed 18.6% y/y to $1.05M on higher depreciation from Play MPE enhancements and a one-time recruitment fee, flipping operations to a $77K loss from $121K profit; net loss hit $72K, or $(0.01) per diluted share on 9.64M shares. Cash from operations fell 52.3% YTD to $139K, leaving $1.26M in cash with no debt. Europe revenue surged 7.7% y/y to $555K, offsetting North America's 7.8% drop. Litigation lingers from a former executive's 2017 claim, awaiting judgment.
8-K
Auditor switch announced
Destiny Media Technologies switched auditors on May 28, 2025, with Smythe LLP resigning due to policy changes and Davidson & Company LLP stepping in after a competitive bid. Smythe's prior reports were clean, with no disagreements or reportable events over the last two fiscal years and interim period. The Audit Committee approved the move for the fiscal year ending August 31, 2025. Smooth transition, no red flags.
8-K
CFO Appointment Announced
Destiny Media Technologies appointed Assel Mendesh, a CPA with over 15 years in accounting, audit, and financial reporting, as Chief Financial Officer effective May 1, 2025. She brings experience serving public and private companies across industries. No arrangements, family ties, or related transactions were disclosed. This bolsters financial oversight amid routine operations.
10-Q
Q2 FY2025 results
Destiny Media Technologies posted Q2 FY2025 service revenue of $1.0M, up 3.3% y/y from $986K, while gross margin slipped to 85.3% from 86.3% amid MTR infrastructure buildout. Operating expenses jumped 18.2% y/y to $1.2M, driven by one-time litigation costs and higher amortization of capitalized software, flipping operations to a $309K loss from $145K; net loss widened to $302K or $(0.03) per diluted share on 9.6M shares, consistent with basic. Europe fueled 55% of revenue growth, with one customer at 52%. Cash dipped to $1.2M on $48K operating cash flow, offset by $223K investing outflows, yet no debt burdens liquidity. Ongoing litigation from a former executive lingers as a key risk.
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