Destiny Media Technologies Inc. Announces Fiscal 2025 Third Quarter Results

Executive Summary

• Destiny Media Technologies Inc. reported financial results for its fiscal 2025 third quarter ended May 31, 2025, showing a slight decline in revenue compared to the prior year period.
• The company reported a net loss of $0.07M for the quarter, driven primarily by increased amortization of capital investments, while Adjusted EBITDA decreased to $0.12M from $0.22M in the same period last year.
• CEO Fred Vandenberg noted that Play MPE revenue remains up 2.5% year-over-year despite a small retraction in Q3, with continued progress toward scalable growth in international markets.

Key Details

• Revenue: $1,133,963 for the three months ended May 31, 2025, compared to $1,155,442 in the same period of 2024.
• Net Loss: $(72,288) for Q3 FY2025, compared to Net Income of $134,476 in Q3 FY2024.
• Adjusted EBITDA (Non-GAAP): $0.12M for Q3 FY2025, down from $0.22M in Q3 FY2024.
• Gross Margin: 85.7% for Q3 FY2025, compared to 87.0% in Q3 FY2024.
• Operating Expenses: Total operating expenses were $1,049,348 in Q3 FY2025, an increase from $884,607 in Q3 FY2024.
  • General and Administrative: $206,193 (up from $159,940).
  • Sales and Marketing: $228,760 (down from $280,308).
  • Product Development: $423,970 (up from $356,599).
  • Depreciation and Amortization: $190,425 (up significantly from $87,760).
• Income from Operations: Loss of $(77,257) in Q3 FY2025, compared to Income of $120,791 in Q3 FY2024.
• Balance Sheet Highlights (as of May 31, 2025):
  • Cash and Cash Equivalents: $1,261,706 (down from $1,481,582 as of Aug 31, 2024).
  • Total Assets: $3,255,498 (down from $3,688,352).
  • Total Liabilities: $397,820 (down from $522,934).
  • Total Stockholders' Equity: $2,857,678 (down from $3,165,418).
• Per Share Data:
  • Net Loss per Share (Basic and Diluted): $(0.01).
  • Weighted Average Shares Outstanding (Basic): 9,637,410.

Notable Quotes

• "Play MPE revenue remains up by 2.5% for the year in spite of a small retraction during our third quarter," said Fred Vandenberg, CEO. "We continue to make progress in preparing Play MPE® and MTR® for scalable growth in international markets."