Zedge, Inc. Announces Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended October 31, 2018
December 11, 2018 at 04:17 pm EST
Share
Zedge, Inc. announced unaudited consolidated earnings and operating results for the first quarter ended October 31, 2018. For the quarter, the company reported revenue of $2,381,000 against $2,659,000 a year ago. Loss from operations was $581,000 against $842,000 a year ago. Net loss was $706,000 against $820,000 a year ago. Basic loss per share was $0.07 against $0.08 a year ago.
For the quarter, the company reported MAU of 34.6 million against 33.4 million a year ago. Total installs was 351.3 million against 288.8 million a year ago. ARPMAU was $0.0210 against $0.0256 a year ago.
Zedge, Inc. is engaged in building digital marketplaces and competitive games. The Company's products include Zedge Ringtones and Wallpapers, which is a freemium digital content marketplace offering mobile phone wallpapers, video wallpapers, ringtones and notification sounds; pAInt, a generative artificial intelligence (AI) wallpaper maker; GuruShots, a skill-based photo challenge game, and Emojipedia. It uses open-source software in connection with its services. The Zedge Ringtones and Wallpapers app is available both in Google Play and the App Store. Its GuruShots product offers a platform spanning iOS, Android, and the Web that provides an educational and structured way for amateur photographers to compete in a variety of contests. It has added non-fungible token (NFT) functionality to a limited number of Zedge Premium creators via NFTs Made Easy, and all NFT Made Easy transactions are made using Zedge Credits.
ZEDGE, INC. 
