Sequential Revenue Growth in 15 of the Last 19 Quarters Averaged 20%
VANCOUVER July 14, 2011 May 31, 2011. $1,176,473 $324,720
Fred Vandenberg France Germany Japan $600,000
We signed a number of new and renewal agreements for our Play MPE® service, including a renewal of our global agreement with Universal Music and a number of independent and international regional major agreements. The partnership we announced in May with a subsidiary of Dentsu for Asian distribution is expected to impact Q1 2012.
|Three Months||Nine Months|
|May 31,||May 31,||May 31,|
|General and administrative||262,467||255,487||922,012||768,013|
|Sales and marketing||184,280||184,801||598,811||578,289|
|Research and development||392,818||1,151,463||879,668|
|Income from operations||323,375||213,669||357,584||605,016|
|Other income (expenses)|
|Interest and other expense||(143)||(537)||(628)||(2,410)|
|Income before income taxes||324,720||366,556||693,778|
|Income tax expense – deferred||(94,000)||—||106,000)||—|
|Net income per common share, basic and diluted||0.01||0.00||0.01||0.01|
About Destiny Media Technologies
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SOURCE Destiny Media Technologies, Inc.