secwatch.observer — SEC 8-K summary
======================================

Issuer:     Zedge, Inc. (ZDGE)
CIK:        0001667313
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001213900-24-022809
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zedge Q2 FY2024 revenue up 11.3% to $7.8M; GAAP loss of $9.2M on $11.9M intangible write-down
--------------------------------------------------------------------------------

- GAAP net loss of $9.2M ($0.66 loss per share) vs year-ago net income of $1.6M; includes $11.9M non-cash intangible write-down.
- Non-GAAP net income was $0.5M ($0.04 EPS), down from $0.8M; Adjusted EBITDA up 8.4% to $1.5M.
- Advertising revenue grew 18.4% to $5.5M; subscription revenue up 24.4% to $1.1M.
- Record ARPMAU of $0.072, up 36.7% YoY, despite MAU decline of 10.7% to 28.8M.
- Zedge Premium GTV rose 22.5% to $0.54M; CEO cites 'positive momentum' across most businesses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1667313/000121390024022809/0001213900-24-022809-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1667313/000121390024022809/ea0201818-8k_zedgeinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-022809

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