Destiny Media Announces First Quarter Results
(firmenpresse) -
Destiny Media Announces First Quarter Results
Revenues Up 21% from Q4
Vancouver, BC – January 18th, 2011 – Destiny Media Technologies (TSXV: DSY) (OTCQX: DSNY) is pleased to announce results for the quarter ending November 30, 2011. Revenues of $1,124,617 reflect an increase of 21% over the previous quarter and 6% over the same quarter in the prior year.
Operating expenses grew 16% from the prior year to $1,109,240, reflecting a 15% increase in R&D spending and a 31% increase in G&A. This increase includes a $164,000 increase in litigation expenses to a total of approximately $270,000 for the quarter. Litigation expenses are expected to decline significantly after trial in March 2011. Net income for the quarter was $12,555.
To view the entire news please follow the link:
http://www.irw-press.com/dokumente/DestinyMedia_180112_English.pdf
About Destiny Media Technologies, Inc.
Universal, EMI, Warner, Sony and one thousand other labels use Destiny's secure distribution service to deliver most of their pre-release music to radio, online retail, DJ's, sports stadiums, journalists and VIP. Destiny's instant play streaming includes internet radio, internet TV, online surveys and new cloud and mobile offerings. Patents include watermarking, peer to peer locking and pending cross platform playerless streaming video.
Media Contact:
Steve Vestergaard
CEO Destiny Media Technologies, Inc.
604 609 7736 x222
steve(at)dsny.com
Leseranfragen:
DESTINY MEDIA
Address:
#800 - 570 Granville St.
Vancouver, B.C. Canada
V6C 3P1
General
1-800-8-DESTINY
1-800-833-7846
Phone (604) 609-7736
Fax (604) 609-0611
Investment Inquiries
Steve Vestergaard (CEO)
(604) 609-7736 ext. 222
Fred Vandenberg (CFO)
(604) 609-7736 ex.236
Datum: 18.01.2012 - 10:29 Uhr
Sprache: Deutsch
News-ID 105162
Anzahl Zeichen: 1620
contact information:
Town:
Wien
Kategorie:
Business News
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