earnings
confidence high
sentiment negative
materiality 0.70
Zedge reports record FY2021 revenue $19.6M (+107%) but delays earnings call over $0.5M tax timing
Zedge, Inc.
- FY2021 revenue $19.6M (+107% YoY), operating income $7.8M, operating margin 39.9%.
- Q4 revenue $5.2M (+93% YoY), operating income $2.2M, operating margin 42.2%, MAU 34.4M.
- Earnings call delayed due to auditor discussion on timing of $0.5M tax valuation allowance release (impact $0.03/share).
- Company expects to resolve within a week; full earnings release and call to follow.
- Zedge Premium GTV up 29.8% to $0.95M for FY2021.