Destiny Media Technologies Inc (OTCPK:DSNY)

Q4 2024 Destiny Media Technologies Inc Earnings Call Transcript

Nov 21, 2024 / 10:00 PM GMT

Release Date Price: $1

Transcript 10-K

Key Points

Positve

Destiny Media Technologies Inc (DSNY) reported a revenue growth of 9.6% for the year, with Q4 revenue up by approximately 7.5%.
The company launched a new product, MTR, in June, which is showing growth potential despite its current small contribution to total revenue.
Destiny Media Technologies Inc (DSNY) has completed a year-long project to build out international capabilities for its largest client, which is expected to drive future growth.
The company is focusing on expanding its Plan B ecosystem, which connects record labels to various promotional destinations, potentially increasing its market value.
Efforts to improve marketing strategies, including global marketing preparations and rebranding, are beginning to positively impact revenue.

Negative

EBITDA decreased to 577K, slightly down from the previous year, due to investments in product growth.
The new MTR product currently contributes less than 0.2% to total revenue, indicating its early-stage development and limited immediate impact.
The company is still in the process of negotiating a longer-term contract with Universal, currently operating on a month-to-month basis.
International distribution, although growing, still represents less than 5% of total revenue, highlighting a need for further expansion.
The company has not yet activated a share buyback program, despite considering it due to the current stock price.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DSNY.PK - Destiny Media Technologies Inc
Q4 2024 Destiny Media Technologies Inc Earnings Call
Nov 21, 2024 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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I'd also like to remind you that this conference call could contain forward-looking statements about Destiny media technologies within the meaning of the Private Securities Litigation Reform Act of 1,995. Such forward-looking statements are based upon current beliefs and expectations of management and are subject to risks and uncertainties which could cause actual results to differ materially from those forward-looking statements. Such risks are fully discussed in the company's filings with the Sec and Cedar and the company does not assume any obligation to update information contained in this call. During the webinar, we will discuss certain Non-Gaap financial measures. The Nongaap financial measures are presented

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