Zedge, Inc. Reports Earnings Results for the First Quarter Ended October 31, 2019
December 11, 2019 at 02:42 am IST
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Zedge, Inc. announced earnings results for the first quarter ended October 31, 2019. For the first quarter, the company announced sales was USD 2.033 million compared to USD 2.381 million a year ago. Operating loss was USD 745,000 compared to USD 581,000 a year ago. Net loss was USD 801,000 compared to USD 706,000 a year ago. Basic loss per share was USD 0.08 compared to USD 0.07 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. 
