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DSNY (Destiny Media Technologies) Gross Profit : $3.81 Mil (TTM As of Aug. 2024)


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What is Destiny Media Technologies Gross Profit?

Destiny Media Technologies's gross profit for the three months ended in Aug. 2024 was $0.96 Mil. Destiny Media Technologies's gross profit for the trailing twelve months (TTM) ended in Aug. 2024 was $3.81 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Destiny Media Technologies's gross profit for the three months ended in Aug. 2024 was $0.96 Mil. Destiny Media Technologies's Revenue for the three months ended in Aug. 2024 was $1.12 Mil. Therefore, Destiny Media Technologies's Gross Margin % for the quarter that ended in Aug. 2024 was 85.59%.

Destiny Media Technologies had a gross margin of 85.59% for the quarter that ended in Aug. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Destiny Media Technologies was 91.86%. The lowest was 83.67%. And the median was 90.58%.

Warning Sign:

Destiny Media Technologies Inc gross margin has been in long-term decline. The average rate of decline per year is -1.6%.


Destiny Media Technologies Gross Profit Historical Data

The historical data trend for Destiny Media Technologies's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Destiny Media Technologies Gross Profit Chart

Destiny Media Technologies Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.51 3.78 3.37 3.52 3.81

Destiny Media Technologies Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.92 0.99 0.85 1.01 0.96

Competitive Comparison of Destiny Media Technologies's Gross Profit

For the Software - Application subindustry, Destiny Media Technologies's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Destiny Media Technologies's Gross Profit Distribution in the Software Industry

For the Software industry and Technology sector, Destiny Media Technologies's Gross Profit distribution charts can be found below:

* The bar in red indicates where Destiny Media Technologies's Gross Profit falls into.



Destiny Media Technologies Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Destiny Media Technologies's Gross Profit for the fiscal year that ended in Aug. 2024 is calculated as

Gross Profit (A: Aug. 2024 )=Revenue - Cost of Goods Sold
=4.421 - 0.611
=3.81

Destiny Media Technologies's Gross Profit for the quarter that ended in Aug. 2024 is calculated as

Gross Profit (Q: Aug. 2024 )=Revenue - Cost of Goods Sold
=1.124 - 0.162
=0.96

Gross Profit for the trailing twelve months (TTM) ended in Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.81 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Destiny Media Technologies's Gross Margin % for the quarter that ended in Aug. 2024 is calculated as

Gross Margin % (Q: Aug. 2024 )=Gross Profit (Q: Aug. 2024 ) / Revenue (Q: Aug. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=0.96 / 1.124
=85.59 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Destiny Media Technologies  (OTCPK:DSNY) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Destiny Media Technologies had a gross margin of 85.59% for the quarter that ended in Aug. 2024 => Durable competitive advantage


Destiny Media Technologies Gross Profit Related Terms

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Destiny Media Technologies Business Description

Traded in Other Exchanges
Address
1575 West Georgia Street, Suite 428, Vancouver, BC, CAN, V6G 2V3
Destiny Media Technologies Inc is a provider of secure digital content distribution and promotion solutions. The company operates solely in the digital media software segment. Its predominant services are; Clipstream which enables any non-technical user to upload videos that will play on all modern web browsers; MTR, a digital tracking service that tracks and reports the number and times an individual track is played; and Play MPE, a digital distribution service that is used commercially by the recording industry. Destiny services are based on proprietary security, watermarking, and instant play streaming media technologies. It also offers audio and video streaming solutions and secure file distribution to customers. Geographically, the company derives maximum revenue from Canada.
Executives
Mark A Graber 10 percent owner 2220 NORTHSTAR STREET, NUMBER 17, ANCHORAGE AK 99503
Olya Massalitina officer: Chief Financial Officer 1911 - 271 FRANCIS WAY, NEW WESTMINSTER A1 V3L 0H2
David M. Mossberg director 1905 HAY MEADOW COURT, SOUTHLAKE TX 76092
Hyonmyong Cho director 961 PASEO DEL SUR, SANTA FE NM 87501
Fred Vandenberg officer: Chief Financial Officer 800-570 GRANVILLE STREET, VANCOUVER A1 V6C 3P1
Samuel Ritchie officer: CFO 24414 113 AVE, MAPLE RIDGE A1 V2W0H4
David Alexander Summers director C/O DESTINY MEDIA TECHNOLOGIES INC., 1110 - 885 W. GEORGIA STREET, VANCOUVER A1 V6C 3E8
Steve Vestergaard director, 10 percent owner, officer: Chief Executive Officer 650 350 CENTRE ROAD, LIONS BAY A1 V0N 2E0
Sandra Boenisch officer: CFO 51 WEST 52ND STREET, 7TH FLOOR, NEW YORK NY 10019
Samuel Jay Graber director 3139 CLEARFIELD DRIVE, SAN ANTONIO TX 78230
Haig S Bagerdjian director 2777 NORTH ONTARIO ST, BURBANK CA 91504
Dale Borland officer: VP and COO of Subsidiary SUITE 750, 650 WEST GEORGIA STREET, VANCOUVER A1 V6B 4N7
Edward Kolic director
Yoshitaro Kumagai director 5255 STEVENS CREEK BLVD., #284, SANTA CLARA CA 95051
Lawrence Jeffrey Langs director 134 LA ESPIRAL ROAD, ORINDA CA 94563