DESTINY MEDIA TECHNOLOGIES INC
For the period ended Aug 31, 2025. Filed Nov 24, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Nov 24, 2025
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What changed in Risk Factors?
Read the current filingPrevious report: 10-K
Period ended 2024-08-31; filed 2024-11-21.
0001062993-24-019439
ITEM 1A. Risk FactorsCurrent report: 10-K
Period ended 2025-08-31; filed 2025-11-24.
0001062993-25-016994
ITEM 1A. Risk FactorsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 28 previous paragraphs and 48 current paragraphs.
23 unchanged; 5 reworded; 19 added; 0 removed; 0 previous and 1 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (19)
Current report
One of the more important claims in this patent is the ability to uniquely recognize a particular computer. Uniquely identifying a person's computer is a common issue which is usually approached by saving cookies or beacons to the user's computer or by tracking IP addresses. These are not reliable solutions as cookies are easily deleted and IP addresses easily changed. The Company's proprietary hash code process creates a serial number that can be used to recognize the user on subsequent visits without ever saving anything to that user's computer.
Current report
Watermarking "Methods for Watermarking Media Data"
Current report
i. US Patents No. 7983441,8300885, 9165560, 9679574
Current report
We have developed a watermarking technology which can uniquely identify the individual who originally accessed a particular song. Our watermark is unique as it can be embedded and identified rapidly, it is inaudible, it survives on air broadcast, compression and conversion to other formats and is virtually impossible to remove. Our watermarking technology is used in the Play MPE® distribution system when songs are exported or when streaming a track. Other watermarking technologies are slow and provide a trade-off between a destruction of audio quality and the ease that they can be filtered out. When the original patent claims were granted in the US, the Company filed a set of new additional, broader claims in a continuation application in Canada and the US to further protect the technology.
Current report
**2. **Cross Platform Streaming Video "Script Based Video Rendering"
Current report
a. US Patents No. 9143826, 9137567, 9215499, 9571886, 9380338, 9432726, 9432727, 10645405
Current report
This solution enables publishers to serve streaming video from their web site without the need for a separate streaming server. The solution will play instantly in all recent browsers, including mobile devices, without the need for a separate video player.
Current report
Granted: USA, Canada, Japan, European Union, China and Australia
Current report
Granted: USA, Canada, Japan, Israel, European Union, China and Australia
Reworded paragraphs (5)
Previous wording
Our revenue is predominantly generated from our Play MPE® distribution service. Competitors may arise and/or customers may not renew distribution contracts. This factor could cause our revenue to decrease with the result that our financial condition and operating results would be adversely affected. Competitors have been small, regionally based, have limited resources, and have yet to capture a material share of the market. If a competitor were to develop a comparable or superior product, our market share could be reduced.If we are not able to control our operating expenses, then our financial condition may be adversely affected.
Current wording
Our revenue is predominantly generated from our Play MPE® distribution service. Competitors may arise and/or customers may not renew distribution contracts. This factor could cause our revenue to decrease with the result that our financial condition and operating results would be adversely affected. Competitors have been small, regionally based, have limited resources, and have yet to capture a material share of the market. If a competitor were to develop a comparable or superior product, our market share could be reduced.
Previous wording
Our revenues are primarily in United States dollars and Euros while our operating expenses are primarily in Canadian dollars. An increase in the value of the Canadian dollar in relation to the United States dollar and/or Euro could have the effect of decreasing our income from operations. We do not currently hedge our foreign currency exposures.
Current wording
Our revenues are primarily in United States dollars while our operating expenses are primarily in Canadian dollars. An increase in the value of the Canadian dollar in relation to the United States dollar could have the effect of decreasing our income from operations. The Company maintains a large portion of its financial reserves in Canadian dollars to mitigate the downside risk of adverse exchange rates on its operating expenditures. Company has not entered into contracts for foreign exchange hedges.
Previous wording
Our network infrastructure could be vulnerable to system failure and/or security risks.
Current wording
Our network infrastructure could be vulnerable to system failure and/or security risks, including cybersecurity risks.
Previous wording
We have experienced development delays and cost overruns associated with our product development efforts. We may encounter such problems in the future. Delays and cost overruns could affect our ability to respond to technological changes, evolving industry standards, competitive developments, or customer requirements. Our products also may contain undetected errors that could cause adverse publicity, reduced market acceptance of the products, or lawsuits by customers.
Current wording
We have previously experienced development delays and cost overruns associated with our product development efforts. We may encounter such problems in the future. Delays and cost overruns could affect our ability to respond to technological changes, evolving industry standards, competitive developments, or customer requirements. Our products also may contain undetected errors that could cause adverse publicity, reduced market acceptance of the products, or lawsuits by customers.
Previous wording
During the year ended August 31, 2024, 42.7% of the Company's revenue is derived from one customer with operations in numerous countries. This customer is currently of key importance to our operations and any adverse change to the revenue from this customer would have a material adverse effect on our results of operations.
Current wording
During the year ended August 31, 2025, 46.9% of the Company's revenue is derived from one customer with operations in numerous countries. This customer currently operates under a month-to-month arrangement without a long-term contractual commitment. This customer remains of key importance to our operations and any adverse change to the revenue from this customer would have a material adverse effect on our results of operations.
Rearranged current paragraphs (1)
Current report — wording carried from elsewhere
If we are not able to control our operating expenses, then our financial condition may be adversely affected.