DSNY on OTC

DESTINY MEDIA TECHNOLOGIES INC

DESTINY MEDIA TECHNOLOGIES INC is an American prepackaged software services company based in Vancouver.2 Its shares trade on OTC under the symbol DSNY.2

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Last updated Oct 20, 2026.

Overview

$4.5MRevenue, fiscal 20253
-$637.9KNet income, fiscal 20253

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  • TickerDSNY on OTC2
  • IndustryServices-Prepackaged Software2
  • HeadquartersVancouver, Canada2
  • Incorporated inNV4
  • Business address1110 - 885 W Georgia St, Vancouver, A1 V6C 3E84
  • Filer categoryNon-accelerated filer, Smaller reporting company4
  • Legal formCorporation2
  • LEI5299007XSO753JG65M022
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressc/o PARACORP INCORPORATED, 318 N CARSON ST #208, 89701 Carson City, United States2
  • Registered withBusiness Center (Secretary of State), NV201416280192

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Destiny Media Technologies Inc. was incorporated in August 1998 under the laws of the State of Colorado and the corporate jurisdiction was changed to Nevada effective October 8, 2014. We carry out our business operations through our wholly owned subsidiaries: Destiny Software Productions Inc., a British Columbia company incorporated in 1992, MPE Distribution, Inc., a Nevada company that was incorporated in 2007, Tonality Inc., a Nevada company that was incorporated in 2021, and Sonox Digital Inc. incorporated under the Canada Business Corporations Act in 2012.6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

84.8%Gross margin3
-14.7%Operating margin3
-14.1%Net margin3
2.3%Revenue growth, 20253
-26.3%Return on equity3
$36.0KFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue15¢$686.6K
  • Research and development39¢$1.8M
  • Other costs46¢$2.1M

Out of $4.5M in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending45¢$29.1K
  • Kept or used elsewhere55¢$36.0K

Out of $65.2K of cash from operations.3

Financial statements

Revenue7891011123$4.5M in 2025+25% since 2018
0$2.0M$4.0M$6.0M2018: $3.6M$3.6M20182019: $3.8M$3.8M2019+6%2020: $3.8M$3.8M2020+0%2021: $4.2M$4.2M2021+9%2022: $4.0M$4.0M2022−4%2023: $4.0M$4.0M2023+0%2024: $4.4M$4.4M2024+10%2025: $4.5M$4.5M2025+2%
Gross profit7891011123$3.8M in 2025+16% since 2018
0$1.0M$2.0M$3.0M$4.0M2018: $3.3M$3.3M20182019: $3.5M$3.5M2019+6%2020: $3.5M$3.5M2020+0%2021: $3.8M$3.8M2021+8%2022: $3.4M$3.4M2022−11%2023: $3.5M$3.5M2023+5%2024: $3.8M$3.8M2024+8%2025: $3.8M$3.8M2025+1%
Operating income7891011123-$663.1K in 2025
-$1.0M-$500.0K0$500.0K$1.0M2018: $649.4K$649.4K20182019: $581.1K$581.1K2019−11%2020: $145.0K$145.0K2020−75%2021: $378.5K$378.5K2021+161%2022: $133.3K$133.3K2022−65%2023: $301.2K$301.2K2023+126%2024: $60.6K$60.6K2024−80%2025: -$663.1K-$663.1K2025
Net income7891011123-$637.9K in 2025
-$1.0M-$500.0K0$500.0K$1.0M2018: $656.3K$656.3K20182019: $610.8K$610.8K2019−7%2020: $169.4K$169.4K2020−72%2021: $382.5K$382.5K2021+126%2022: $149.1K$149.1K2022−61%2023: $335.1K$335.1K2023+125%2024: $111.8K$111.8K2024−67%2025: -$637.9K-$637.9K2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.3

Period ending2025-08-312024-08-31
Service revenue$4.5M$4.4M
Cost of revenue$686.6K$610.5K
Gross margin$3.8M$3.8M
Percentage of gross margin1 pure1 pure
General and administrative$988.6K$698.0K
Sales and marketing$910.1K$1.1M
Product development$1.8M$1.5M
Depreciation and amortization$833.6K$469.8K
Total Operating Expenses$4.5M$3.7M
Income (loss) from operations-$663.1K$60.6K
Interest and other income$25.2K$51.2K
Net income (loss) before income tax-$637.9K$111.8K
Current income tax expense$0$0
Net income (loss)-$637.9K$111.8K
Foreign currency translation adjustments-$136.7K$3.4K
Total comprehensive income (loss)-$774.6K$115.1K
Basic-$0.07$0.01
Diluted-$0.07$0.01
Basic9.6M shares9.8M shares
Diluted9.6M shares10.0M shares

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Corporate structure

DESTINY MEDIA TECHNOLOGIES INC sits at the top of its group. 4 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • DESTINY MEDIA TECHNOLOGIES INC Vancouver, British Columbia, Canada
    • Destiny Software Productions Inc. Subsidiary · British Columbia, Canada
    • MPE Distribution, Inc. Subsidiary · Nevada, United States
    • Tonality, Inc. Subsidiary · Nevada, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC. Each entity in the chart links to its source.

What it owns

What DESTINY MEDIA TECHNOLOGIES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$2.6M3 Aug 31, 2025$2.3M3 Aug 31, 2024+16.9%
Accumulated depreciation$1.9M3 Aug 31, 2025$1.1M3 Aug 31, 2024+74.2%
Property and equipment, net$752.7K3 Aug 31, 2025$1.2M3 Aug 31, 2024−35.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.1M3 Aug 31, 2025$1.5M3 Aug 31, 2024−24.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$35.3K3 Aug 31, 2025$149.0K3 Aug 31, 2024−76.3%
Finite-lived intangibles, gross$501.5K3 Aug 31, 2025$611.3K3 Aug 31, 2024−18.0%
Accumulated amortization$466.2K3 Aug 31, 2025$462.3K3 Aug 31, 2024+0.8%
Finite-lived intangibles, net$35.3K3 Aug 31, 2025$149.0K3 Aug 31, 2024−76.3%

Properties, in its own words

The Company has secured a one-year renewable annual lease for office space in downtown Vancouver, British Columbia, scheduled to expire on April 30, 2026.

Item 2 of the 10-K filed Nov 24, 2025.6

Leadership

Who has led DESTINY MEDIA TECHNOLOGIES INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Steve Vestergaard2007–2015
  2. Fred Vandenberg2017–now

President

  1. Steve Vestergaard2007–2014
  2. Fred Vandenberg2018

Chief financial officer

  1. Fred Vandenberg2007–2017
  2. Sandra Boenisch2017–2019
  3. Olya Massalitina2022–2023
  4. Assel Mendesh2025–now

Chief operating officer

  1. Dale Borland2014
2010201520202025
Board members and other officers (10)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Destiny Software Productions Inc. British Columbia, Canada5
  • MPE Distribution, Inc. Nevada, United States5
  • Tonality, Inc. Nevada, United States5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 16, 20268-K Executive or director change; Regulation FD disclosure32
  2. Mar 3, 20268-K Shareholder vote33
  3. Feb 10, 20268-K Executive or director change34
  4. Dec 23, 20258-K Other events35
  5. May 30, 20258-K Change of auditor36
  6. May 5, 20258-K Executive or director change37
  7. Mar 11, 20258-K Shareholder vote38
  8. Sep 19, 20248-K Executive or director change39
  9. Apr 5, 20248-K Other events40
  10. Feb 26, 20248-K Shareholder vote41
  11. Mar 7, 20238-K Shareholder vote42
  12. Aug 31, 20228-K Change of auditor43
  13. Jul 10, 2017New chief executive Fred Vandenberg becomes CEO15
  14. Nov 20, 2007New chief executive Steve Vestergaard becomes CEO16

Filings

75 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 16 major events, 34 insider forms, 5 other. The latest 20:

  1. Oct 13, 20265 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP EDGAR
  2. Oct 13, 20265 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP EDGAR
  3. Jul 16, 20268-K EDGAR
  4. Jul 14, 202610-Q EDGAR
  5. Apr 14, 202610-Q EDGAR
  6. Mar 3, 20268-K EDGAR
  7. Feb 10, 20268-K EDGAR
  8. Jan 26, 2026DEF 14A EDGAR
  9. Jan 14, 202610-Q EDGAR
  10. Jan 5, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  11. Dec 23, 20258-K EDGAR
  12. Nov 24, 202510-K EDGAR
  13. Oct 16, 20255 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP EDGAR
  14. Oct 16, 20253 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  15. Oct 9, 20255 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP EDGAR
  16. Jul 14, 202510-Q EDGAR
  17. May 30, 20258-K EDGAR
  18. May 5, 20258-K EDGAR
  19. Apr 14, 202510-Q EDGAR
  20. Mar 11, 20258-K EDGAR

The 75 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

10 open-market trades by officers, directors and large owners since October 2021: 9 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 19, 2025Graber Mark A10% ownerSale100,000$0.46$46.0KForm 4
Aug 15, 2022Graber Mark A10% ownerBuy81,872$0.59$48.3KForm 4
Aug 4, 2022Graber Mark A10% ownerBuy3,000$0.56$1.7KForm 4
Aug 3, 2022Graber Mark A10% ownerBuy15,000$0.57$8.6KForm 4
Aug 2, 2022Graber Mark A10% ownerBuy10,000$0.57$5.7KForm 4
Aug 1, 2022Graber Mark A10% ownerBuy25,000$0.58$14.5KForm 4
Jul 26, 2022Graber Mark A10% ownerBuy2,800$0.58$1.6KForm 4
Jul 25, 2022Graber Mark A10% ownerBuy5,000$0.58$2.9KForm 4
Jul 21, 2022Graber Mark A10% ownerBuy8,330$0.60$5.0KForm 4
Dec 1, 2021Graber Mark A10% ownerBuy65,042$1.15$74.8KForm 4

From Forms 4 filed with the SEC.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Frederick VandenbergDirector, President, Chief Executive Officer57$193.3K$195.1K44
2025Assel Mendesh37$47.7K$48.2K44
2025Olya Massalitina$8.1K44
2024Frederick VandenbergDirector, President, Chief Executive Officer57$198.4K44
2024Chief Financial Officer(resigned September 2024)$85.7K44

SEC filer profile

How DESTINY MEDIA TECHNOLOGIES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDESTINY MEDIA TECHNOLOGIES INC1
  • CIK0001099369
  • Employer ID (EIN)84-15167456
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company6
  • Incorporated inNevada6
  • Fiscal year endsAugust 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address1110 - 885 W Georgia St, Vancouver, A1 V6C 3E81
  • Phone604-609-77361
  • Shares outstanding9,637,410 as of Jul 14, 202614
  • Public float$5.2M as of May 31, 20256
  • AuditorDAVIDSON & COMPANY, Vancouver, Canada PCAOB ID 7316
  • On EDGAR sinceNov 23, 19991
  • Filings461 in all: 4 (125), 8-K (75), 10-Q (56), 5 (25), 10QSB (24), 3 (18), DEF 14A (18), 10-K (17)1
    All 40 form types

    SC 13G/A (11), 10KSB (9), NT 10-Q (9), 4/A (6), 10SB12G/A (5), SC 13D (5), UPLOAD (5), 10KSB/A (4), CORRESP (4), S-8 (4), SC 13G (4), 144 (3), 3/A (3), 8-K/A (3), PRE 14A (3), SC 13D/A (3), 10-Q/A (2), 10QSB/A (2), DEFA14A (2), NT 10-K (2), REGDEX (2), SB-2/A (2), 10-K/A (1), 10SB12G (1), 424B4 (1), D (1), EFFECT (1), POS AM (1), S-8 POS (1), SB-2 (1), SC 14N (1), SC 14N/A (1)

  • Latest filingsAnnual report (10-K) Nov 24, 2025
    Quarterly report (10-Q) Jul 14, 2026
    Proxy statement (DEF 14A) Jan 26, 2026
    Latest 8-K (8-K) Jul 16, 2026

Risk factors and legal proceedings

The risks DESTINY MEDIA TECHNOLOGIES INC names in Item 1A of its 10-K filed Nov 24, 2025: 12 risks under these headings, as written.6

  • If revenues decline, then our financial condition and results of operations will be adversely affected.
  • If we are not able to control our operating expenses, then our financial condition may be adversely affected.
  • If we are not successful in legal proceedings against us, then our business and financial condition could be adversely affected.
  • Our financial results may be adversely impacted by currency fluctuations.
  • If our products are defective or contain errors, we may become subject to product liability claims.
  • Successful expansion of our business will depend on our ability to manage growth.
  • Our network infrastructure could be vulnerable to system failure and/or security risks, including cybersecurity risks.
  • Our business depends on continued development of the internet and intranets as mediums of commerce and communications, and our ability to evolve along with these mediums.
  • We could experience product delays and errors, which could affect our ability to adapt to technological changes and evolving industry standards.
  • Our business could be adversely affected by online commerce security failures.
  • Our business is international and could be affected by unexpected changes in international regulatory standards and laws.
  • Customer concentration.

Legal proceedings

From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. Except as described below, we are not aware of any such legal proceedings or claims against us.

On September 5, 2017, the Company's former President and Chief Executive Officer filed a Notice of Civil Claim in the Supreme Court of British Columbia against the Company, its subsidiaries, independent directors, and current Chief Executive Officer, claiming damages for conspiracy, breach of contract, wrongful dismissal, defamation and aggravated and punitive damages. The claims were heard in B.C. Supreme Court in December 2024. On October 24, 2025, the Supreme Court of British Columbia issued judgment dismissing all claims against the Company, its directors, and officers, and awarding the Company its costs.

The opening of Item 3, Legal Proceedings.6

Sources

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    SEC EDGAROther events
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