Destiny Media Announces Q2 Results
(firmenpresse) - Destiny Media Announces Q2 Results
Net Income Before Taxes Grows by $500,000
Vancouver, BC – April 15, 2013 – Destiny Media Technologies (TSXV: DSY) (OTCQX: DSNY) is pleased to announce results for the quarter and six-month period ending February 28, 2013. Net income before taxes rose by more than $500,000 over the comparative six month period, by more than $300,000 for the quarter and the company was profitable during its slowest seasonal quarter of the year.
While year-to-date revenue showed a small decline, US revenue grew in the quarter showing a slight gain over the prior year. Total expenditures shrunk by 24%, primarily as a result of a reduction in litigation costs compared to the prior year.
Three MonthsThree MonthsSix MonthsSix Months
EndedEndedEndedEnded
February 28,February 29,February 28,February 29,
2013201220132012
$$$$
Revenue880,322894,8251,944,1892,019,442
Operating expenses
General and administrative198,340431,247389,597909,125
Sales and marketing203,382193,797443,600392,670
Research and development457,080546,280857,432964,394
Amortization28,39016,36456,04630,739
887,1921,187,688 1,746,6752,296,928
Income (loss) from operations(6,870)(292,863)197,514(277,486)
Other income (expenses)
Interest income20,0682,15940,7344,971
Interest and other expense—(546)—(1,180)
Income (loss) before income taxes13,198(291,250)238,248(273,695)
Income tax recovery (expense) - deferred—5,000(65,000)—
Net Income (loss)13,198(286,250)173,248(273,695)
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments(77,448)35,752(82,964)(18,854)
Total comprehensive income (loss)(64,250)(250,498)90,284(292,549)
Net income per common share,
basic and diluted0.00(0.01)0.00(0.01)
Please follow the link to view table:
http://www.irw-press.com/dokumente/DestinyMedia_Table150413_ENGLISH.pdf
About Destiny Media Technologies, Inc.
The recording industry uses Destiny's Play MPE® secure distribution service to deliver their pre-release music to radio, online retail, DJ's, sports stadiums, journalists and VIP's. Destiny's Clipstream® instant play streaming reaches all modern browsers across computers and devices without player plugins or streaming software. Patents and pending patents include techniques for watermarking, peer to peer locking and cross platform playerless streaming video.
Contacts:
Fred Vandenberg,
CFO Destiny Media Technologies, Inc.
604 609 7736 x236
fredv(at)dsny.com
Investor Relations:
Dave Mossberg
Three Part Advisors
817-310-0051
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: 16.04.2013 - 07:50 Uhr
Sprache: Deutsch
News-ID 249245
Anzahl Zeichen: 3088
contact information:
Town:
Wien
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 153 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Destiny Media Announces Q2 Results
"
steht unter der journalistisch-redaktionellen Verantwortung von
DESTINY MEDIA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
