secwatch.observer — SEC 8-K summary
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Issuer:     Zedge, Inc. (ZDGE)
CIK:        0001667313
Form:       8-K
Filed at:   2023-06-12T23:59:59+00:00
Accession:  0001213900-23-048152
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zedge Q3 revenue up 8% to $6.7M but net loss $7.7M on $8.7M goodwill impairment
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- GAAP net loss $7.7M ($0.55 EPS) includes $8.7M non-cash goodwill impairment; Adjusted EBITDA $1.7M, -40.5% YoY.
- Revenue $6.7M, +8% YoY; advertising revenue $4.6M (-5.6%), digital goods and services $1.1M (+270%).
- Zedge MAU flat at 32M; ARPMAU $0.053 flat YoY; Active subscriptions 631K, -11.5%.
- GuruShots impacted by Apple ATT; new AI art game in soft launch; Emojipedia revenue growth 93% YoY.
- Cash flow from operations $1.6M, down 71.2% from $5.6M a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1667313/000121390023048152/0001213900-23-048152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1667313/000121390023048152/ea180184-8k_zedge.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-048152

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