Destiny Media Announces Year End Results
(firmenpresse) - Destiny Media Announces Year End Results
Vancouver, BC – November 29, 2012 – Destiny Media Technologies (TSXV: DSY) (OTCQX: DSNY) is pleased to announce results for the year ended August 31, 2012. Revenues of $3,983,789 were $23,441 lower than the prior year. Fourth quarter revenue was up 1% from the previous year to $941,426.
Play MPE® continues to show expanded use in Europe and amongst US independent record labels showing revenue growth of 14% (to $1,617,015) and 20% (to $761,147) respectively. These gains were masked by a decline in the Euro relative to the US dollar, declines in Australia and the absence of a non-recurring revenue amount in 2011. Modest gains were seen in Canada and New Zealand. Clipstream® legacy revenue was $164,213 compared to $176,205 in 2011.
Operating expenses grew by 2%, with a 21% increase in R&D spending offset by 23% decline in G&A and a 15% decline in sales and marketing costs. Income from operations of $719,678 was down 10% from prior year.
20122011
$$
Service revenue3,983,7894,007,230
Operating expenses
General and administrative 587,731763,872
Sales and marketing697,724823,729
Research and development1,889,4501,563,690
Depreciation and amortization89,20658,339
3,264,1113,209,630
Income from operations719,678797,600
Other income (expenses)
Interest income48,05211,508
Other income4,4583,091
Interest and other expense(1,185)(691)
Income before provision for income taxes771,003811,508
Deferred income tax recovery (expense)(208,000)(173,000)
Net income563,003638,508
Net income per common share, basic and diluted0.010.01
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
" alt="Haldane McCall Plc: BaFin's approval process before completionDatum: 30.11.2012 - 12:17 Uhr
Sprache: Deutsch
News-ID 208445
Anzahl Zeichen: 2556
contact information:
Town:
Wien
Kategorie:
Business News
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