secwatch.observer — SEC 8-K summary
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Issuer:     Zedge, Inc. (ZDGE)
CIK:        0001667313
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001213900-22-072217
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1667313/000121390022072217/0001213900-22-072217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1667313/000121390022072217/ea168632-8k_zedgeinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-072217

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