secwatch.observer — SEC 8-K summary
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Issuer:     Zedge, Inc. (ZDGE)
CIK:        0001667313
Form:       8-K
Filed at:   2021-12-13T23:59:59+00:00
Accession:  0001213900-21-064975
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zedge reports record Q1 revenue of $6.0M, net income $2.1M, EPS $0.14
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- Total revenue up 60.2% YoY to $6.0M; advertising revenue $4.6M (+53.0%), subscription revenue $1.0M (+47.7%).
- Net income of $2.1M ($0.14 diluted EPS) vs $1.0M ($0.08) a year ago; EBITDA $3.0M (+110.9%).
- MAU up 5.6% to 34.2M; ARPMAU increased 46.4% to $0.053; active subscriptions grew 25.3% to 763K.
- Zedge Premium GTV rose 58.2% to $0.33M; launching NFT product 'NFTs Made Easy' to select artists.
- Management defers annual guidance update until after Q2 fiscal 2022 earnings report.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1667313/000121390021064975/0001213900-21-064975-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1667313/000121390021064975/ea152226-8k_zedgeinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-064975

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