Destiny Media Technologies announced unaudited consolidated financial results for the first quarter ended November 30, 2015. Revenue for the quarter ended November 30, 2015 was $847,721 a decrease of 11.2% compared to the first quarter of 2014. The decrease in revenue was due primarily to the impact of a decline in value of the Euro relative to the US Dollar.

Eliminating the negative impact of approximately $76,000 for the effect of foreign exchange rates, total revenue for the first quarter would have decreased by 3.2%. Net loss for the first quarter was $101,007 or $0.00 per share, versus a net loss of $56,309, or $0.00 during the prior year. The loss was primarily due to the effect of unfavorable exchange rates for the Euro and Australian dollar.

Loss from operations was $107,129 compared to $69,355 for the same period a year ago.