--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-22-068053" form_type: "8-K" ticker: "ZDGE" cik: "0001667313" company_name: "Zedge, Inc." filed_at: "2022-11-01T23:59:59+00:00" generated_at: "2026-06-22T18:38:20.118064+00:00" event_type: "earnings" sentiment: "positive" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Zedge reports preliminary FY2022 revenue of $26.5M (+35.6% YoY); Q4 revenue $7.4M; secures new $7M term loan ## Summary - Full-year revenue $26.5M vs $19.6M in FY2021, a 35.6% increase; Q4 revenue $7.4M (+40.7% YoY). - Gaming revenue $1.7M for FY2022 and $1.4M in Q4; MAU declined 7% due to both developed and emerging markets. - Zedge Premium GTV $1.51M for FY2022 (+59.7% YoY) and $0.34M in Q4 (+22.6% YoY). - Entered new $7M term loan and $4M revolving credit facility with Western Alliance Bank at Prime + 0.5% (floor 4.00%). ## SEC filing metadata - accession: 0001213900-22-068053 - form_type: 8-K - ticker: ZDGE - cik: 0001667313 - company_name: Zedge, Inc. - filed_at: 2022-11-01T23:59:59+00:00 - event_type: earnings - sentiment: positive - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 1.02, 2.02, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1667313/000121390022068053/0001213900-22-068053-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1667313/000121390022068053/ea167871-8k_zedgeinc.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-22-068053 - JSON: https://secwatch.observer/filing/0001213900-22-068053.json - Plain text: https://secwatch.observer/filing/0001213900-22-068053.txt ## Key facts - Debt Financings Zedge, Inc. incurred revolving credit of $4,000,000 revolving credit facility with Western Alliance Bank at Prime Rate plus 0.5% with a Prime floor rate of 4.00% maturing two-year term. - Instrument: revolving credit - Principal: $4,000,000 revolving credit facility - Counterparty: Western Alliance Bank - Rate: Prime Rate plus 0.5% with a Prime floor rate of 4.00% - Maturity: two-year term - Event: incurrence source text: Pursuant to the Amended Loan Agreement, Western Alliance Bank agreed to provide the Company with a term loan facility in the maximum principal amount of $7,000,000 for a four-year term and a $4,000,000 revolving credit facility for a two-year term. Amounts outstanding under the term loan and credit facility of the Amended Loan Agreement bear interest at a per annum rate equal to the Prime Rate (as published in The Wall Street Journal) plus 0.5%, with a Prime “floor” rate of 4.00%. evidence_url: https://www.sec.gov/Archives/edgar/data/1667313/000121390022068053/0001213900-22-068053-index.htm - Debt Financings Zedge, Inc. incurred term loan of maximum principal amount of $7,000,000 with Western Alliance Bank at Prime Rate plus 0.5% with a Prime floor rate of 4.00% maturing four-year term. - Instrument: term loan - Principal: maximum principal amount of $7,000,000 - Counterparty: Western Alliance Bank - Rate: Prime Rate plus 0.5% with a Prime floor rate of 4.00% - Maturity: four-year term - Event: incurrence source text: Pursuant to the Amended Loan Agreement, Western Alliance Bank agreed to provide the Company with a term loan facility in the maximum principal amount of $7,000,000 for a four-year term and a $4,000,000 revolving credit facility for a two-year term. Amounts outstanding under the term loan and credit facility of the Amended Loan Agreement bear interest at a per annum rate equal to the Prime Rate (as published in The Wall Street Journal) plus 0.5%, with a Prime “floor” rate of 4.00%. evidence_url: https://www.sec.gov/Archives/edgar/data/1667313/000121390022068053/0001213900-22-068053-index.htm - Earnings Releases Zedge, Inc. reported fiscal year ended July 31, 2022 results: revenue $26.5 million. - Period: fiscal year ended July 31, 2022 - Revenue: $26.5 million - Result: preliminary results source text: ● Revenue increased 35.6% to $26.5 million versus $19.6 million; evidence_url: https://www.sec.gov/Archives/edgar/data/1667313/000121390022068053/0001213900-22-068053-index.htm - Earnings Releases Zedge, Inc. reported fourth fiscal quarter ended July 31, 2022 results: revenue $7.4 million. - Period: fourth fiscal quarter ended July 31, 2022 - Revenue: $7.4 million - Result: preliminary results source text: ● Revenue increased 40.7% to $7.4 million versus $5.2 million; evidence_url: https://www.sec.gov/Archives/edgar/data/1667313/000121390022068053/0001213900-22-068053-index.htm - Material Agreements Zedge, Inc. entered into Amended and Restated Loan and Security Agreement with Western Alliance Bank valued at Term loan facility of $7,000,000 for four-year term and $4,000,000 revolving credit facility for two (effective 2022-10-28). - Action: entry - Agreement: credit facility - Counterparty: Western Alliance Bank - Value: Term loan facility of $7,000,000 for four-year term and $4,000,000 revolving credit facility for two - Effective: 2022-10-28 source text: On October 28, 2022, Zedge, Inc. (the "Registrant" or "Company") entered into an Amended and Restated Loan and Security Agreement ("Amended Loan Agreement") with Western Alliance Bank. evidence_url: https://www.sec.gov/Archives/edgar/data/1667313/000121390022068053/0001213900-22-068053-index.htm - Material Agreements Zedge, Inc. terminated Existing Loan and Security Agreement dated September 26, 2016 with Western Alliance Bank valued at Existing $2,000,000 revolving credit facility discontinued with no outstanding balance (effective 2022-10-28). - Action: termination - Agreement: credit facility - Counterparty: Western Alliance Bank - Value: Existing $2,000,000 revolving credit facility discontinued with no outstanding balance - Effective: 2022-10-28 source text: On October 28, 2022, the Company entered into the Amended Loan Agreement with Western Alliance Bank. Pursuant to the Amended Loan Agreement, the Company discontinued the existing $2,000,000 revolving credit facility under the existing Loan and Security Agreement, dated as of September 26, 2016, as amended, restated, supplemented and otherwise modified from time to time prior to the date of the Amended Loan Agreement. evidence_url: https://www.sec.gov/Archives/edgar/data/1667313/000121390022068053/0001213900-22-068053-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.