CA Market News
2月前
Destiny Media Technologies Inc. Announces Fiscal 2026 Second Quarter ResultsApril 14, 2026 9:01 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 14, 2026) - 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 2026 second quarter ended February 28, 2026."Since assuming the role of Interim-CEO and spending more time with the team and customers, I am even more impressed with the talent of the team and the strength of our customer value proposition. We continue to make progress in diversifying our customer base, with growth in independent customers helping to balance changes in activity from larger customers," said Hyonmyong Cho, Chairman and Interim CEO. "The Board and I continue to advance the search process for a permanent CEO. In the meantime, the senior leadership team is focused on strengthening our business development and marketing efforts to support customer acquisition, increase engagement, and drive more scalable growth."Financial HighlightsQ2 FY2026 vs Q2 FY2025Growth in total customers of 5.0%Revenue of $1.0 million, a decrease of 1.6%GAAP Net loss per share of $0.06, versus a loss of $0.03 in the comparable period a year agoAdjusted EBITDA loss of $403,000, versus $117,000 in the comparable period a year ago. Q2 FY2026 included a one-time severance cost of $244,000. About Destiny Media Technologies Inc.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 on the DSNY website. Forward-Looking StatementsThis 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, 2025, which is available on www.sedarplus.ca or www.sec.gov.Non-GAAP Financial MeasuresAdjusted EBITDA is not defined under U.S. GAAP and may not be comparable to similarly titled measures reported by other companies. We use Adjusted EBITDA, together with other GAAP measures, as a measure of our operating performance because it helps us compare our performance on a consistent basis by removing from our results the impact of our capital structure, the effect of operating in different tax jurisdictions, and the impact of our asset base, which can vary depending on the book value of assets, the accounting methods used to compute depreciation and amortization, the existence or timing of asset impairments, and non-cash stock-based compensation expense.We believe Adjusted EBITDA is useful to investors because it is a widely used measure of performance and because the adjustments we make provide additional clarity regarding our operating results and underlying profitability.Adjusted EBITDA has limitations as a measure of profitability, as it does not include the effects of interest, income taxes, capital expenditures, depreciation and amortization, asset impairments, or non-cash stock-based compensation expense. Accordingly, it should not be considered in isolation or as a substitute for net income (loss) or other financial measures prepared in accordance with U.S. GAAP.A reconciliation of net loss, the most directly comparable GAAP measure, to Adjusted EBITDA is included below.Contact:Hyonmyong Cho
Chairman, Interim CEO, Destiny Media Technologies, Inc.
604 609 7736 DESTINY MEDIA TECHNOLOGIES, INC.
Condensed Consolidated Statements of Comprehensive Income
(Unaudited)
Three months ended
February 28,
Six months ended
February 28,
Notes
2026
2025
2026
2025
Service revenue8$1,003,109
$1,018,972
$2,246,248
$2,245,729
Cost of revenue
Hosting costs
61,225
41,387
134,556
88,328
Internal engineering support
12,937
13,768
27,569
27,133
Customer support
73,312
78,020
156,226
153,753
Third-party and transactions costs
20,658
16,112
30,845
36,188
168,132
149,287
349,196
305,402
Gross margin
834,977
869,685
1,897,052
1,940,327
83.2%
85.3%
84.5%
86.4%
Operating expenses
General and administrative
588,339
394,890
756,664
546,219
Sales and marketing
225,982
171,923
413,573
402,481
Product development
424,002
427,735
878,950
839,779
Depreciation and amortization4,5
167,017
183,724
339,502
350,703
1,405,340
1,178,272
2,388,689
2,139,182
Loss from operations
(570,363)
(308,587)
(491,637)
(198,855)
Other income
Interest and other income
4,053
6,493
8,979
14,901
Net loss before income tax
$(566,310)$(302,094)$(482,658)$(183,954)Current income tax expense
-
-
-
-
Net loss
$(566,310)$(302,094)$(482,658)$(183,954)Foreign currency translation adjustments
40,335
(85,967)
1,142
(198,636)Total comprehensive loss
$(525,975)$(388,061)$(481,516)$(382,590)
Net loss per common share
Basic and diluted6$(0.06)$(0.03)$(0.05)$(0.02)
Weighted average common shares outstanding:
Basic6
9,637,410
9,637,410
9,637,410
9,637,410
Diluted6
9,637,410
9,637,410
9,637,410
9,637,410
DESTINY MEDIA TECHNOLOGIES, INC.
Condensed Consolidated Balance Sheets
(Unaudited)
Notes
February 28,
2026
August 31,
2025
ASSETS
Cash and cash equivalents
3
$1,151,271
$1,117,889
Accounts receivable, net of allowance for doubtful accounts of $102,996
(August 31, 2025 - $82,184)
8
928,382
863,422
Other receivables
33,270
127,698
Prepaid expenses
33,372
38,252
Deposits
31,991
31,581
Total current assets
2,178,286
2,178,842
Property and equipment, net
4
466,445
752,719
Intangible assets, net
5
30,197
35,282
Total assets
$2,674,928
$2,966,843
LIABILITIES AND STOCKHOLDERS' EQUITY
Current
Accounts payable
$63,672
$70,255
Accrued liabilities
643,286
432,959
Deferred revenue
24,860
41,041
Total current liabilities
731,818
544,255
Total liabilities
731,818
544,255
Stockholders' equity
Common stock, par value $0.001, authorized 20,000,000 shares.
Issued and outstanding - 9,637,410 shares (August 31, 2025 - 9,637,410 shares)
6
9,637
9,637
Additional paid-in capital
8,853,551
8,851,513
Accumulated deficit
(6,313,144)
(5,830,486)Accumulated other comprehensive loss
(606,934)
(608,076)Total stockholders' equity
1,943,110
2,422,588
Total liabilities and stockholders' equity
$2,674,928
$2,966,843
DESTINY MEDIA TECHNOLOGIES, INC.
Net Loss to Adjusted EBITDA Reconciliation
(Unaudited)
For the three months ended
For the six months ended
February 28, 2026
February 28, 2025
February 28, 2026
February 28, 2025
Net loss$(566,310)$ (302,094)$(482,658)$ (183,954)Stock based compensation
705
8,144
2,038
18,903
Amortization
167,017
183,724
339,502
350,703
Interest
(4,053)
(6,493)
(8,979)
(14,901)Adjusted EBITDA$(402,641)$ (116,719)$(150,097)$ 170,751
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292327
Original: Destiny Media Technologies Inc. Announces Fiscal 2026 Second Quarter Results
iamlong
4年前
Destiny Media Technologies Inc. Signs J&N Records
J&N Records to use Play MPE(R) exclusively in the Latin Music Market
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2022) - Destiny Media Technologies Inc. (TSXV: DSY) (OTCQB: DSNY), the makers of Play MPE®, a cloud-based music distribution, collaboration and content discovery platform, today announced the signing of JN Records Inc. to an exclusive pilot agreement (Global) for the purposes of promotional distribution.
"As digital music becomes more prevalent in the Latin market, we have been adjusting the dynamics of J&N little by little to be more innovative and reach new markets around the globe." emphasizes Juan Hidalgo. "Since collaborating with Play MPE®, we have seen more nominations for more Latin Grammy awards in more categories than ever before," Hidalgo continues. "With Play MPE®, our promotional efforts are more effective and we have been able to expand into new markets. The innovation Play MPE® is bringing to the Latin market is a game changer. "
"The response we have received since bringing Play MPE® to the Latin market has been tremendous," highlights Carlos Perez of Play MPE®. "We continue to grow our active Latin network to include countries like Mexico, Dominican Republic, Cuba, Guatemala, El Salvador, Colombia, Chile, Paraguay, Uruguay, Argentina, Spain, France, Great Britain, Italy, Germany, Canada, and the United States. With this growing global user base we are moving our early adopters to pilot agreements."
About Destiny Media Technologies Inc.
Destiny Media Technologies ("Destiny") provides software as a service (SaaS) solutions to businesses in the music industry solving critical problems in distribution and promotion. The core service, Play MPE® (www.plaympe.com), provides music collaboration and performance tracking platform to efficiently and securely promote, distribute, receive and discover pre-released promotional music releases. The platform is used by the world's largest record labels and thousands of independent artists and record labels in six continents.
About J&N Records Inc.
The history of Latin music cannot be written without mentioning Juan Hidalgo and Nelson Estévez who for 40 years have led the label that bears their name. J&N Records, has recorded more than 30,000 songs and has been responsible for many international hits and industry accolades such as the Grammys, Latin Grammys, Billboard and ASCAP awards, in addition to earning dozens of platinum and gold records for the millions of copies sold worldwide. The record label has also been nimble over the years in adapting to the current market, reinforcing its work team, and signing new artists as a record label, production house, publisher and artistic representation company worldwide, under the visible image of JN Music Group. its divisions and firms J&N Records, JN Music, JN Entertainment, JN Publishing, JAN Music. J&N Records currently has offices in Miami, New York, Puerto Rico, Mexico and the Dominican Republic, and Colombia.
Contacts:
Fred Vandenberg, fredv@dsny.com CEO,
Destiny Media Technologies Inc., 604-609-7736 x236
https://www.newsfilecorp.com/release/119739