Zedge, Inc. Reports Earnings Results for the Full Year Ended July 31, 2023
October 26, 2023 at 04:11 pm EDT
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Zedge, Inc. reported earnings results for the full year ended July 31, 2023. For the full year, the company reported sales was USD 27.24 million compared to USD 26.55 million a year ago. Net loss was USD 6.1 million compared to net income of USD 9.71 million a year ago.
Basic loss per share from continuing operations was USD 0.43 compared to basic earnings per share from continuing operations of USD 0.69 a year ago. Diluted loss per share from continuing operations was USD 0.43 compared to diluted earnings per share from continuing operations of USD 0.65 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. 
