Zedge reports FY2022 revenue $26.5M (+36%), net income $9.7M; Q4 EBITDA down 23% YoY; cautious FY2023 outlook

Zedge, Inc.

2023-Q1 EPS reported -$0.01 revenue$6,900,000

Full-year revenue $26.5M (+35.6% YoY); GAAP net income $9.7M ($0.65 EPS); adjusted EBITDA $12.4M (+24.4%).
Q4 revenue $7.4M (+40.7% YoY) but adjusted EBITDA fell 22.8% to $2.2M; MAU down 7% to 32.0M.
GuruShots acquisition added gaming revenue ($1.4M in Q4); Zedge Premium GTV rose 59.7% to $1.5M.
Board authorized repurchase of 1.5M shares; cautious fiscal 2023 outlook citing macro headwinds, targeting growth and profit.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Zedge, Inc. reported fourth fiscal quarter ended July 31, 2022 results: revenue $7.4, net income $4.5, EPS $0.31.

Period: fourth fiscal quarter ended July 31, 2022
Revenue: $7.4
Net income: $4.5
EPS: $0.31
Result: reported results

Exact text from the filing

Select Financial Metrics: Fourth-Quarter and Fiscal 2022 versus Fourth-Quarter and Fiscal 2021* (in $M except for EPS) Q4 ’22 Q4 ’21 Change YTD 2022 YTD 2021 Change Total Revenue $ 7.4 $ 5.2 40.7 % $ 26.5 $ 19.6 35.6 % Advertising Revenue $ 4.4 $ 4.1 5.4 % $ 18.9 $ 15.9 18.5 % Gaming Revenue $ 1.4 $ 0.0 nm $ 1.7 $ 0.0 nm Subscription Revenue $ 0.9 $ 1.0 -3.7 % $ 3.7 $ 3.3 13.0 % Other Revenue $ 0.7 $ 0.2 355.3 % $ 2.2 $ 0.5 334.8 % Operating Income $ 4.8 $ 2.2 117.0 % $ 11.8 $ 7.8 51.7 % Operating Margin 65.1 % 42.2 % 44.6 % 39.9 % Net Income $ 4.5 $ 2.5 83.0 % $ 9.7 $ 8.2 17.8 % Diluted Earnings Per Share $ 0.31 $ 0.17 82.4 % $ 0.65 $ 0.59 10.2 %

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Zedge, Inc. reported fiscal year ended July 31, 2022 results: revenue $26.5 million, net income $9.7 million, EPS $0.65.

Period: fiscal year ended July 31, 2022
Revenue: $26.5 million
Net income: $9.7 million
EPS: $0.65
Result: reported results

Exact text from the filing

Fiscal 2022 Highlights Financial (includes ~4 months of GuruShots results) · Grew revenue by 35.6% to $26.5 million; · GAAP net income and EPS of $9.7 million and $0.65, respectively; · Adjusted EBITDA of $12.4 million; · Cash flow from operations of $11.5 million; and · Zedge Premium Gross Transaction Value (GTV) 2 increased 59.7% to $1.5 million.

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Source: SEC EDGAR

accession 0001213900-22-072217

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