Destiny Media Q1 2024: Operational Costs & Asset Changes Detailed
Ticker: DSNY · Form: 10-Q · Filed: 2024-01-16T00:00:00.000Z
Sentiment: neutral
Topics: earnings, financial-statements, operational-costs
TL;DR
**Destiny Media's Q1 2024 filing details asset shifts and cost of revenue, crucial for assessing operational health.**
AI Summary
Destiny Media Technologies Inc. filed its 10-Q for the quarter ending November 30, 2023, on January 16, 2024. The filing shows the company's financial position, including changes in assets like furniture, computer equipment, and software, and details cost of revenue components such as hosting and internal engineering support. This matters to investors because it provides a snapshot of the company's operational expenses and asset base, which are crucial for evaluating its efficiency and future growth potential.
Why It Matters
Understanding the breakdown of costs and asset changes helps investors gauge the company's operational efficiency and how it's investing in its infrastructure for future growth.
Risk Assessment
Risk Level: medium — The filing provides financial data but lacks specific forward-looking statements or significant events that would drastically alter the risk profile, placing it at a medium risk level.
Analyst Insight
Investors should review the detailed financial statements in the full 10-Q to understand the magnitude of changes in assets and cost components, as this summary only highlights the categories mentioned.
Key Numbers
- 2023-11-30 — Reporting Period End Date (The date for which the financial statements in this 10-Q are prepared.)
- 2024-01-16 — Filing Date (The date the 10-Q was officially filed with the SEC.)
- 7372 — SIC Code (Standard Industrial Classification for Prepackaged Software Services, indicating the company's primary business.)
Key Players & Entities
- DESTINY MEDIA TECHNOLOGIES INC (company) — the company filing the 10-Q
- November 30, 2023 (date) — the end of the reporting period for the 10-Q
- January 16, 2024 (date) — the filing date of the 10-Q
- 0001099369 (company) — Central Index Key (CIK) for Destiny Media Technologies Inc.
FAQ
What is the primary business classification of Destiny Media Technologies Inc. according to the filing?
According to the filing, Destiny Media Technologies Inc.'s Standard Industrial Classification (SIC) is 'SERVICES-PREPACKAGED SOFTWARE [7372]', indicating its primary business is in prepackaged software services.
What is the fiscal year end for Destiny Media Technologies Inc.?
The fiscal year end for Destiny Media Technologies Inc. is August 31, as stated in the 'FISCAL YEAR END: 0831' section of the filing.
What specific asset categories are mentioned in the filing for the period ending November 30, 2023?
The filing specifically mentions 'us-gaap:FurnitureAndFixturesMember', 'us-gaap:ComputerEquipmentMember', and 'us-gaap:SoftwareAndSoftwareDevelopmentCostsMember' as asset categories for the period ending November 30, 2023.
What are the components of 'Cost of Revenue' identified in the filing for the quarter ending November 30, 2023?
For the quarter ending November 30, 2023, the components of 'Cost of Revenue' identified are 'dsny:HostingCostsMember', 'dsny:InternalEngineeringSupportsMember', 'dsny:CustomerSupportsMember', and 'dsny:ThirdPartyAndTransactionCostMember'.
When was the 10-Q for Destiny Media Technologies Inc. filed and for what period?
The 10-Q for Destiny Media Technologies Inc. was filed on January 16, 2024, and covers the period ending November 30, 2023, as indicated by 'FILED AS OF DATE: 20240116' and 'CONFORMED PERIOD OF REPORT: 20231130'.
From the Filing
0001062993-24-000877.txt : 20240116 0001062993-24-000877.hdr.sgml : 20240116 20240116091642 ACCESSION NUMBER: 0001062993-24-000877 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 47 CONFORMED PERIOD OF REPORT: 20231130 FILED AS OF DATE: 20240116 DATE AS OF CHANGE: 20240116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DESTINY MEDIA TECHNOLOGIES INC CENTRAL INDEX KEY: 0001099369 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 841516745 STATE OF INCORPORATION: NV FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-28259 FILM NUMBER: 24533866 BUSINESS ADDRESS: STREET 1: 1110 - 885 W GEORGIA ST CITY: VANCOUVER STATE: A1 ZIP: V6C 3E8 BUSINESS PHONE: 604-609-7736 MAIL ADDRESS: STREET 1: 1110 - 885 W GEORGIA ST CITY: VANCOUVER STATE: A1 ZIP: V6C 3E8 10-Q 1 form10q.htm FORM 10-Q Destiny Media Technologies, Inc.: Form 10-Q - Filed by newsfilecorp.com NV false 0001099369 Q1 --08-31 2024 0001099369 us-gaap:FurnitureAndFixturesMember 2023-11-30 0001099369 us-gaap:ComputerEquipmentMember 2023-11-30 0001099369 us-gaap:SoftwareAndSoftwareDevelopmentCostsMember 2023-11-30 0001099369 us-gaap:FurnitureAndFixturesMember 2023-08-31 0001099369 us-gaap:ComputerEquipmentMember 2023-08-31 0001099369 us-gaap:SoftwareAndSoftwareDevelopmentCostsMember 2023-08-31 0001099369 2023-08-31 0001099369 2023-11-30 0001099369 2023-09-01 2023-11-30 0001099369 2022-09-01 2022-11-30 0001099369 2022-08-31 0001099369 2022-11-30 0001099369 dsny:HostingCostsMember 2022-09-01 2022-11-30 0001099369 dsny:HostingCostsMember 2023-09-01 2023-11-30 0001099369 dsny:InternalEngineeringSupportsMember 2022-09-01 2022-11-30 0001099369 dsny:InternalEngineeringSupportsMember 2023-09-01 2023-11-30 0001099369 dsny:CustomerSupportsMember 2022-09-01 2022-11-30 0001099369 dsny:CustomerSupportsMember 2023-09-01 2023-11-30 0001099369 dsny:ThirdPartyAndTransactionCostMember 2022-09-01 2022-11-30 0001099369 dsny:ThirdPartyAndTransactionCostMember 2023-09-01 2023-11-30 0001099369 2024-01-16 0001099369 us-gaap:SubsequentEventMember 2023-12-01 2023-12-02 0001099369 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-11-30 0001099369 us-gaap:RetainedEarningsMember 2023-11-30 0001099369 us-gaap:AdditionalPaidInCapitalMember 2023-11-30 0001099369 us-gaap:CommonStockMember 2023-11-30 0001099369 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-08-31 0001099369 us-gaap:RetainedEarningsMember 2023-08-31 0001099369 us-gaap:AdditionalPaidInCapitalMember 2023-08-31 0001099369 us-gaap:CommonStockMember 2023-08-31 0001099369 us-gaap:RetainedEarningsMember 2023-09-01 2023-11-30 0001099369 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-09-01 2023-11-30 0001099369 us-gaap:AdditionalPaidInCapitalMember 2023-09-01 2023-11-30 0001099369 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-11-30 0001099369 us-gaap:RetainedEarningsMember 2022-11-30 0001099369 us-gaap:AdditionalPaidInCapitalMember 2022-11-30 0001099369 us-gaap:CommonStockMember 2022-11-30 0001099369 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-08-31 0001099369 us-gaap:RetainedEarningsMember 2022-08-31 0001099369 us-gaap:AdditionalPaidInCapitalMember 2022-08-31 0001099369 us-gaap:CommonStockMember 2022-08-31 0001099369 us-gaap:RetainedEarningsMember 2022-09-01 2022-11-30 0001099369 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-09-01 2022-11-30 0001099369 us-gaap:AdditionalPaidInCapitalMember 2022-09-01 2022-11-30 0001099369 us-gaap:CommonStockMember 2023-09-01 2023-11-30 0001099369 us-gaap:ComputerSoftwareIntangibleAssetMember 2023-11-30 0001099369 us-gaap:PatentsMember 2023-11-30 0001099369 us-gaap:ComputerSoftwareIntangibleAssetMember 2023-08-31 0001099369 us-gaap:PatentsMember 2023-08-31 0001099369 srt:MinimumMember 2023-11-30 0001099369 srt:MaximumMember 2023-11-30 0001099369 dsny:PlayMPEMember srt:EuropeMember 2022-09-01 2022-11-30 0001099369 dsny:PlayMPEMember srt:EuropeMember 2023-09-01 2023-