Q: What does 5i think about Destiny Media's results. For a smaller company they are very profitably with high margins and cash is building.
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Investment Q&A
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Q: What is 5i thoughts about Destiny Media's Q2 results (they report in $US)? Management says that Q2 results only reflect part of the new contract win with Universal Music as its impact begin mid quarter. For a smaller company they have a very strong balance sheet.
Q: Destiny Media stock is seems to trending higher (it trades with much greater volume under its US symbol (DSNY) then under its Canadian symbol (DSY). The Company disclosed during it Fiscal Q1 investor call that they signed a major multi-year renewal deal for its Play MPE SaaS software with Universal Music with included a 14% increase on monthly recurring fees. Currently Universal labels accounts for about 40% of DSY's revenues. Management also stated on the investor call that the increase in costs will be outpaced by increase in revenues and that in the immediate future profitability will increase. It seems like a lot positives for small Company going forward. What is 5i thoughts on DSY as speculative type investment at this point?
Q: Other than being a small company which reports in US dollars, what is you opinion about the business and financials of Destiny Media? They just reported fiscal 2018 results and on the investor call from the Management's comments, they expect a big uptick in revenue growth in the current fiscal year as a result of investments made to upgrade their technology.