Destiny Media Technologies Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended May 31, 2024
July 15, 2024 at 06:32 pm IST
Share
Destiny Media Technologies Inc. reported earnings results for the third quarter and nine months ended May 31, 2024. For the third quarter, the company reported net income was USD 0.134476 million compared to USD 0.107052 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
For the nine months, net income was USD 0.25398 million compared to USD 0.364042 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.04 a year ago.
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.
DESTINY MEDIA TECHNOLOGIES INC. 
