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+--- Thread: Q3 2014 CC Transcript (/showthread.php?tid=7076)
Q3 2014 CC Transcript - ArtM72 - 07-15-2014
Sounds like this company is still a "go". Here's the link: http://seekingalpha.com/article/2314505-destiny-media-technologies-dsny-ceo-steve-vestergaard-on-q3-2014-results-earnings-call-transcript?part=single
The last questioner asked about the stock price. To quote CEO Steve Vestergaard, "I’ve been purchasing pretty heavily myself the last few months, so I’m kind of putting my money where my mouth is".
RE: Q3 2014 CC Transcript - admin - 07-15-2014
Yes, I'm in the middle of it, thanks. In essence, the mistake I made was thinking the product was ready two quarters ago when it launched. It wasn't. There were still technical issues to be solved, and it's being tailored in close cooperation with customers in different verticals, as they have widely different needs.
But there is good progress, and as I've said in earlier SA articles, the ad market in particular looks rather enticing, as Clipstream solves a lot of problems there.
We're also over the minimum usage in the contract with Universal with regard to PlayMPE, and underlying usage is growing pretty fast there and will receive another jolt with the imminent launch of the web encoder, which will take care of usability issues.
Video on the net is very very big, and growing fast, they only have to capture a sliver of it to be really meaningful for the bottom line.