Destiny Media Technologies

DSNY

Software - Application · Technology

Price

$0.56

+0.00 (+0.00%)

Market Cap

$5.4M

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count falling — buybacks

−8.1% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 10.5M (2021) → 9.6M (2025)

Destiny Media Technologies is a small Canadian software company that helps music labels and artists send digital audio files securely to radio stations, streaming services, and music reviewers. Its main product is called Play MPE, a platform used to distribute promotional music before it is released to the public. The company serves music industry clients across North America, Europe, and Australia.

Destiny makes money by charging music labels and distributors fees to send tracks through its platform. It is a niche business with a relatively loyal customer base in the music promotion workflow, which gives it some stickiness, but it operates at a loss and has a very small market cap. The biggest risk the company faces is its narrow focus — if major labels shift to alternative distribution methods or build their own tools, Destiny's small customer base could shrink quickly.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-1.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-87.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$2M/ year

↑ Rising (+16% vs prior year)

39.1% of revenue

2.6x the sector average (15%)

Investing heavily in future products and technology

Insider Activity

36.6%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~14 months

$1M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Adequate runway but may need to raise capital within 2 years

Heavy R&D investment

Destiny Media Technologies is putting 39% of revenue into R&D and that number is rising. That's 2.6x the sector average.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin

66.6%

Premium pricing power — 66.6% gross margin

Operating Margin

-59.5%

Losing money on operations — -59.5%

ROCE

-30.7%

Weak — -30.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-4.6%

Shrinking sales (-4.6% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-14.8%

Burning cash (-14.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

N/A

Data not available

Interest Cover

N/A

—

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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