secwatch.observer — SEC 8-K summary
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Issuer:     Zedge, Inc. (ZDGE)
CIK:        0001667313
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001013762-23-006950
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1667313/000101376223006950/0001013762-23-006950-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1667313/000101376223006950/ea187339-8k_zedgeinc.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-006950

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer