secwatch.observer — SEC 8-K summary
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Issuer:     Zedge, Inc. (ZDGE)
CIK:        0001667313
Form:       8-K
Filed at:   2024-06-10T23:59:59+00:00
Accession:  0001213900-24-051221
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zedge reports 13.8% revenue growth to $7.7M; GAAP net income turns positive
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- Revenue of $7.7M, up 13.8% YoY; subscription revenue up 34.9% to $1.1M.
- GAAP net income $0.1M ($0.01 diluted EPS) vs ($7.7M) loss in Q3'23 which included $8.7M writedown.
- Non-GAAP net income $0.5M ($0.03 EPS) up 59.7%; Adjusted EBITDA $0.9M down from $1.7M.
- Zedge Premium GTV up 44.4% to $0.59M; ARPMAU up 39.7% to $0.074 despite MAU fall 13.4% to 27.7M.
- CEO cites record Q3 revenue, iOS growth; expects strong momentum into fiscal 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1667313/000121390024051221/0001213900-24-051221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1667313/000121390024051221/ea0207575-8k_zedgeinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-051221

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