Destiny Media Technologies (DSNY.OB) Reports Preliminary Results for Fourth Quarter
Destiny Media Technologies reported preliminary results for the fourth fiscal quarter ending August 31, 2009. The company said that revenues would be in a range of $860,000 to $875,000 and earnings before interest, taxes, depreciation and amortization (EBITDA) would be in a range of $275,000 and $290,000. The revenue figure represents growth of approximately 76% over the same quarter last year, and 30% sequentially. Steve Vestergaard, the CEO of Destiny Media Technologies, said, “Our revenues have improved in eleven of the last twelve quarters, with a 43% quarter over quarter jump in Q3 and at least 29% in Q4. The…