Zedge, Inc. Reports Earnings Results for the First Quarter Ended October 31, 2020
December 10, 2020 at 04:13 pm EST
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Zedge, Inc. announced earnings results for the first quarter ended October 31, 2020. For the first quarter, the company announced sales was USD 3.762 million compared to USD 2.033 million a year ago. Operating income was USD 1.093 million compared to operating loss of USD 745,000 a year ago. Net income was USD 1.045 million compared to net loss of USD 801,000 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. 
