---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-21-057020"
form_type: "8-K"
ticker: "ZDGE"
cik: "0001667313"
company_name: "Zedge, Inc."
filed_at: "2021-11-05T23:59:59+00:00"
generated_at: "2026-06-28T12:11:49.756112+00:00"
event_type: "other"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Zedge revises Q3 FY2021 results upward $0.5M on tax benefit; files 10-Q/A

## Summary
- Net income increased by $0.5M; diluted EPS revised from $0.13 to $0.17 for Q3 ended April 30, 2021.
- Revision relates to release of a valuation allowance on deferred tax assets; no impact on full-year FY2021 results.
- Company identified a material weakness in disclosure controls over evaluation of deferred tax asset valuation allowance.
- Material weakness outsourced to outside accounting firm since fiscal 2018; remediation underway.
- Select Q4 FY2021 revenue grew 93% to $5.2M; full-year revenue up 106.6% to $19.6M (previously reported on Oct 27).

## SEC filing metadata
- accession: 0001213900-21-057020
- form_type: 8-K
- ticker: ZDGE
- cik: 0001667313
- company_name: Zedge, Inc.
- filed_at: 2021-11-05T23:59:59+00:00
- event_type: other
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1667313/000121390021057020/0001213900-21-057020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1667313/000121390021057020/ea150056-8k_zedge.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-057020
- JSON: https://secwatch.observer/filing/0001213900-21-057020.json
- Plain text: https://secwatch.observer/filing/0001213900-21-057020.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.