Record Revenues For Destiny Media
January 14, 2009 at 5:18 AM (PT)
DESTINY MEDIA TECHNOLOGIES, INC. has reported record revenues for Q1 which covers the period SEPTEMBER 1st, 2008 through NOVEMBER 30th, 2008. Total revenues grew for the 8th consecutive quarter on the strength of PLAY MPE access fee revenues. Overall revenues grew by 55% over the previous year on the strength of a 97% increase in PLAY MPE revenues over the previous year.
"We continue to realize greater efficiencies and our increased revenues come at a time when the company has realized its fourth straight quarter of declining expenditures," commented company CFO FRED VANDENBERG.