Destiny Media Announces Second Quarter Results
(firmenpresse) -
Destiny Media Announces Second Quarter Results
Revenues Up 6% from Prior Year
Vancouver, BC – April 16th, 2012 – Destiny Media Technologies (TSXV: DSY) (OTCQX: DSNY) is pleased to announce results for the quarter ending February 29, 2012. Revenues of $894,825 reflect a 6.4% increase over the same quarter in the prior year.
Operating expenses grew 31% over Q2-2011 to $1,187,688, reflecting a 38% increase in R&D spending and a 46% increase in General and Administrative costs (G&A). The increase to G&A is primarily attributable to a nonrecurring $118,000 increase in litigation expenses associated with a trial in Australia which settled just after the end of the quarter. There will be some litigation expense in Q3 attributable to fees associated with the settlement, but otherwise, professional fees are expected to be much lower in future quarters. The loss for the quarter was $286,250.
To view the entire press release please follow the link:
http://www.irw-press.com/dokumente/DestinyMedia_170412_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:
Fred Vandenberg
CFO Destiny Media Technologies, Inc.
604 609 7736 x236
fredv(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
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Datum: 17.04.2012 - 08:04 Uhr
Sprache: Deutsch
News-ID 135548
Anzahl Zeichen: 1788
contact information:
Town:
Wien
Kategorie:
Business News
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