Filing Flows › Destiny Media Technologies (DSNY) › Q4 FY24
Destiny Media Technologies (DSNY) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 21, 2024
Destiny Media Technologies (DSNY) reported revenue of $1.1M for the fourth quarter fiscal 2024 (Q4 FY24), +7% from a year earlier and -3% from the quarter before. Operating margin was -13.6%, net loss $142K (12.7% of revenue).
Destiny Media Technologies, Q4 FY24: revenue $1.1M (+7% year over year), operating margin -13.6%, net loss $142K, operating cash flow $138K. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1M | -3% | +7% |
| Operating profit | −$153K | — | — |
| Net earnings | −$142K | — | — |
| Operating cash flow | $138K | -13% | -30% |
What changed
Revenue was $1.1M in Q4 FY24, up 7% year over year and down 3% from the previous quarter.
Gross margin was 85.6%, down 2.4 points from a year earlier. Operating costs exceeded revenue by $153K, an operating margin of -13.6%. Operating expenses grew 16% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+66%). The quarter ended with a net loss of $142K, after a profit of $134K the previous quarter.
Operating cash flow was $138K (down 30% year over year). Non-cash charges added back $214K of depreciation and amortization and $11K of share-based compensation. Working capital and other items added $55K. Capital expenditures of −$87K left free cash flow of $225K.
Questions
What was Destiny Media Technologies' revenue in the fourth quarter fiscal 2024?
Destiny Media Technologies (DSNY) reported revenue of $1.1M for the fourth quarter fiscal 2024 (Q4 FY24), +7% from a year earlier and -3% from the quarter before.
Was Destiny Media Technologies profitable in the fourth quarter fiscal 2024?
Operating loss was $153K (-13.6% of revenue) and net loss $142K.