Zedge Q4 revenue $6.6M (-10% YoY), full-year net loss $6.1M; adjusted EBITDA $5.7M

Zedge, Inc.

Q4 revenue $6.6M (-10% YoY); GAAP net income $0.2M ($0.01 EPS) vs $4.5M last year.
Full-year revenue $27.2M (+2.6% YoY) but GAAP net loss ($6.1M) due to $6.8M non-cash charge in Q3.
Adjusted EBITDA fell to $1.6M Q4 ($5.7M FY) from $2.2M Q4 last year; cash from ops $0.4M.
Zedge Premium GTV grew 14.3% to $0.38M in Q4; Emojipedia revenue up ~70% in quarter.
Repurchased 758,997 shares during fiscal 2023; targeting AI initiatives, including new game AI Art Master.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Zedge, Inc. reported fourth fiscal quarter and fiscal year ended July 31, 2023 results: revenue $6.6 million, net income $0.2 million, EPS $0.01.

Period: fourth fiscal quarter and fiscal year ended July 31, 2023
Revenue: $6.6 million
Net income: $0.2 million
EPS: $0.01
Result: reported results

Exact text from the filing

and upgraded the tech stack that helped drive these improved results.” Fourth Quarter Highlights Financial (fiscal 2023 compared to fiscal 2022) ● Revenue decreased 10.0% to $6.6 million; ● GAAP net income and earnings per share (EPS) of $0.2 million and $0.01, respectively, compared to $4.5 million and $0.31, respectively: o Last year’s results included a

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Zedge, Inc. filing history →

Source: SEC EDGAR

accession 0001013762-23-006950

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