secwatch.observer — SEC 8-K summary
======================================

Issuer:     Zedge, Inc. (ZDGE)
CIK:        0001667313
Form:       8-K
Filed at:   2022-06-13T23:59:59+00:00
Accession:  0001213900-22-032511
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zedge Q3 FY2022 revenue up 19% to $6.2M; net income falls 67%; Adj. EBITDA +22%
-------------------------------------------------------------------------------

- Revenue $6.2M (+18.6% YoY); net income $0.8M (-67%); diluted EPS $0.05 vs $0.17.
- Adjusted EBITDA $2.9M (+21.8%); cash flow from ops $5.6M incl $2M AppLovin payment.
- GuruShots acquisition closed Apr 12; minimal Q3 revenue; benefits expected FY2023.
- MAU down 7% to 32.1M; active subs down 5% to 713K; Zedge Premium GTV +63% to $0.41M.
- FY2022 guidance: revenue growth >30%; expects Adj. EBITDA growth despite GuruShots losses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1667313/000121390022032511/0001213900-22-032511-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1667313/000121390022032511/ea161512-8k_zedgeinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-032511

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