Zedge, Inc. Reports Earnings Results for the Third Quarter Ended April 30, 2020
June 11, 2020 at 04:12 pm EDT
Share
Zedge, Inc. announced earnings results for the third quarter ended April 30, 2020. For the third quarter, the company announced sales was USD 2.079 million compared to USD 1.912 million a year ago. Operating loss was USD 127,000 compared to USD 1.121 million a year ago. Net loss was USD 325,000 compared to USD 1.195 million a year ago. For the nine months, sales was USD 6.756 million compared to USD 6.866 million a year ago. Operating loss was USD 793,000 compared to USD 1.948 million a year ago. Net loss was USD 1.026 million compared to USD 2.142 million 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. 
