Quarterly ResultJul 14, 2026, 06:11 AM
Destiny Media Q3 Revenue $1.04M; Net Loss $(213K)
AI Summary
Destiny Media Technologies reported a net loss of $(213,327) for the three months ended May 31, 2026, an increase from $(72,288) in the prior year. Service revenue for the quarter decreased to $1,039,118 from $1,133,963. For the nine-month period, the company's net loss widened to $(695,985) on slightly lower revenue of $3.29 million. Cash and cash equivalents increased, but total assets and stockholders' equity declined.
Key Highlights
- Service revenue for Q3 2026 was $1,039,118, down from $1,133,963 in Q3 2025.
- Net loss for Q3 2026 increased to $(213,327) from $(72,288) in Q3 2025.
- Basic and diluted net loss per share for Q3 2026 was $(0.02), up from $(0.01) in Q3 2025.
- Nine-month service revenue was $3,285,366, a decrease from $3,379,692 year-over-year.
- Nine-month net loss was $(695,985), significantly higher than $(256,242) in the prior year.
- Cash and cash equivalents increased to $1,397,098 as of May 31, 2026, from $1,117,889.
- Total assets decreased to $2,448,528 from $2,966,843 as of August 31, 2025.
- One customer accounted for 41.9% of total revenue in the latest quarter.
Price Impact
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