Destiny Media Reports Yearly Revenue
November 29, 2012 at 2:01 PM (PT)
DESTINY MEDIA TECHNOLOGIES reported revenues of $3,983,789 for the year ending August 31st, 2012, which were $23,441 lower than the prior year. Fourth-quarter revenue was up 1% from the previous year to $941,426.
PLAY MPE® continues to show expanded use in EUROPE and amongst U.S. independent record labels showing revenue growth of 14% (to $1,617,015) and 20% (to $761,147) respectively. These gains were masked by a decline in the Euro relative to the U.S. dollar, declines in AUSTRALIA and the absence of a non-recurring revenue amount in 2011. Modest gains were seen in CANADA and NEW ZEALAND.