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

Issuer:     Zedge, Inc. (ZDGE)
CIK:        0001667313
Form:       8-K/A
Filed at:   2022-06-23T23:59:59+00:00
Accession:  0001213900-22-034624
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zedge discloses GuruShots 2021 audited financials: $7.7M revenue, $1.4M net loss
--------------------------------------------------------------------------------

- GuruShots FY2021 revenue $7.7M, gross profit $4.8M, net loss $1.4M, operating loss $819k.
- As of Dec 31, 2021: total assets $1.4M, total liabilities $2.2M, capital deficiency ($10.1M).
- Going concern: GuruShots depends on parent Zedge for support; parent committed for 12 months.
- Convertible loan of $1.1M outstanding; change in fair value of $569k recognized in 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1667313/000121390022034624/0001213900-22-034624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1667313/000121390022034624/ea161880-8ka1_zedgeinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-034624

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