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Destiny Media Technologies

09:50 AM EST - Destiny Media Technologies : announced results for the quarter ending May 31, 2012. Revenues of $1,022,921 reflect a 14% increase from the prior quarter, but a 13% decline from the prior year. The decline as compared to the prior-year quarter is attributable to the recognition of a single revenue item included in a multi-year agreement that was recognized in Q3-2011. Net income increased 182% over the prior year to $651,138 ($.01 per share). Destiny Media Technologies shares V.DSY are trading unchanged at $0.79.