secwatch.observer — SEC 8-K summary
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Issuer:     Zedge, Inc. (ZDGE)
CIK:        0001667313
Form:       8-K
Filed at:   2023-12-13T23:59:59+00:00
Accession:  0001213900-23-095388
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zedge Q1 revenue up 2.6% to $7.1M; GAAP op income $0.3M vs loss; Adj EBITDA +61% to $1.5M
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- GAAP operating income $0.3M vs loss of $0.2M; net loss near zero vs $0.2M loss YoY.
- Adjusted EBITDA $1.5M, up 60.8%; margin 21.7% vs 13.8% YoY.
- ARPMAU record $0.063, up 17% YoY; MAU 28.5M (-10.7%), active subs 648K (-3.8%).
- Zedge Premium GTV $0.42M (+35%); advertising revenue $4.9M (+10%).
- Debt-free after paying off remaining term loan principal in mid-November.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1667313/000121390023095388/0001213900-23-095388-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1667313/000121390023095388/ea189975-8k_zedgeinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-095388

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