Destiny Media Technologies Inc. (V:DSY*CA)

Business Focus: IT Services & Consulting (NEC)

Sector:  Technology Industry:  IT Services & Consulting
 
Company Contact
Address: 1110 - 885 W Georgia St
VANCOUVER BC V6C 3E8
Tel: N/A
Website: https://www.dsny.com
IR: See website
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Key People
Frederick Vandenberg
President, Chief Executive Officer, Corporate Secretary, Director
Olya Massalitina
Chief Financial Officer
 
Business Overview
Destiny Media Technologies, Inc. develops technologies that enables for the distribution over the Internet of digital media files in either a streaming or digital download format. The Company is engaged in developing and marketing software as a service solution that solves critical digital distribution and promotion problems for businesses in the music industry. Its core business is the Play MPE online platform. Play MPE distributes promotional content, including broadcast quality audio, video, images, promotional information and other digital content from music labels and artists to broadcasting professionals, music curators and music reviewers to discover, download, broadcast and review the content. Play MPE provides several capabilities developed and designed to address the needs of music promoters. Its Play MPE's Caster software includes local distribution functions that provide capabilities for a client to create and schedule release announcements and select its targeted audience.
Financial Overview
For the six months ended 29 February 2024, Destiny Media Technologies Inc revenues increased 12% to $2.1M. Net income decreased 53% to $120K. Revenues reflect North America segment increase of 15% to $1.1M, Europe segment increase of 7% to $953K. Net income was offset by Wages and benefits increase of 36% to $577K (expense), Depreciation increase from $34K to $161K (expense).
Employees: 35 as of Aug 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $12.12M as of Feb 29, 2024
Annual revenue (TTM): $5.82M as of Feb 29, 2024
EBITDA (TTM): $0.64M as of Feb 29, 2024
Net annual income (TTM): $0.27M as of Feb 29, 2024
Free cash flow (TTM): -$0.14M as of Feb 29, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 9,789,320 as of Apr 16, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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