Zedge, Inc. Files 2024 Annual Report
Ticker: ZDGE · Form: 10-K · Filed: Oct 29, 2024 · CIK: 1667313
| Field | Detail |
|---|---|
| Company | Zedge, INC. (ZDGE) |
| Form Type | 10-K |
| Filed Date | Oct 29, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.01, $3.26, $250 billion, $100,000, $50.9 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, annual-report, software
TL;DR
Zedge filed its 2024 10-K. Stock symbol ZDGE.
AI Summary
Zedge, Inc. filed its annual report on Form 10-K for the fiscal year ended July 31, 2024. The company, incorporated in Delaware and headquartered in New York, operates in the prepackaged software sector. Its Class B common stock trades under the symbol ZDGE on the NYSE American exchange. The filing covers the period ending July 31, 2024, and was submitted on October 29, 2024.
Why It Matters
This 10-K filing provides investors with a comprehensive overview of Zedge, Inc.'s financial performance, business operations, and risk factors for the fiscal year 2024.
Risk Assessment
Risk Level: medium — The filing is a standard annual report, but the inherent risks of the software industry and specific company operations are not detailed in this summary.
Key Numbers
- 2024 — Fiscal Year End (The report covers the fiscal year ending July 31, 2024.)
- 10-K — Form Type (This is the annual report filed with the SEC.)
Key Players & Entities
- Zedge, Inc. (company) — Registrant
- July 31, 2024 (date) — Fiscal Year End
- October 29, 2024 (date) — Filing Date
- 1178 Broadway, 3rd Floor #1450, New York, NY 10001 (location) — Principal Executive Offices
- ZDGE (ticker) — Trading Symbol
- NYSE American (company) — Exchange
FAQ
What is the primary business of Zedge, Inc.?
Zedge, Inc. operates in the SERVICES-PREPACKAGED SOFTWARE sector, as indicated by its SIC code [7372].
On which exchange is Zedge, Inc. traded?
Zedge, Inc.'s Class B common stock is traded on the NYSE American exchange.
What is the principal executive office address for Zedge, Inc.?
The principal executive offices are located at 1178 Broadway, Suite 1450, 3rd Floor, New York, NY 10001.
When was this 10-K filing submitted to the SEC?
This 10-K filing was submitted on October 29, 2024.
What is the fiscal year end date for Zedge, Inc.?
The fiscal year end date for Zedge, Inc. is July 31, 2024.
Filing Stats: 4,527 words · 18 min read · ~15 pages · Grade level 13.5 · Accepted 2024-10-29 16:16:49
Key Financial Figures
- $0.01 — stered Class B common stock, par value $0.01 per share ZDGE NYSE American Securi
- $3.26 — quarter) of the Class B common stock of $3.26 per share, as reported on the New York
- $250 billion — which Goldman Sachs estimates is worth $250 billion globally. 1 According to Linktree, over
- $100,000 — that 10% of influencers earn more than $100,000 per year. 4 We view the Creator Economy
- $50.9 — in excess of 9.9% annually to more than $50.9 per player. In fiscal 2024, we revampe
Filing Documents
- ea0218596-10k_zedge.htm (10-K) — 1486KB
- ea021859601ex10-10_zedge.htm (EX-10.10) — 74KB
- ea021859601ex21-01_zedge.htm (EX-21.01) — 3KB
- ea021859601ex23-01_zedge.htm (EX-23.01) — 2KB
- ea021859601ex31-01_zedge.htm (EX-31.01) — 12KB
- ea021859601ex31-02_zedge.htm (EX-31.02) — 12KB
- ea021859601ex32-01_zedge.htm (EX-32.01) — 5KB
- ea021859601ex32-02_zedge.htm (EX-32.02) — 5KB
- ea021859601ex97-01_zedge.htm (EX-97.01) — 21KB
- image_001.jpg (GRAPHIC) — 4KB
- image_002.jpg (GRAPHIC) — 13KB
- image_003.jpg (GRAPHIC) — 13KB
- image_004.jpg (GRAPHIC) — 12KB
- image_005.jpg (GRAPHIC) — 12KB
- 0001213900-24-091735.txt ( ) — 8818KB
- zdge-20240731.xsd (EX-101.SCH) — 81KB
- zdge-20240731_cal.xml (EX-101.CAL) — 62KB
- zdge-20240731_def.xml (EX-101.DEF) — 430KB
- zdge-20240731_lab.xml (EX-101.LAB) — 708KB
- zdge-20240731_pre.xml (EX-101.PRE) — 432KB
- ea0218596-10k_zedge_htm.xml (XML) — 991KB
Business
Business 1 Item 1A.
Risk Factors
Risk Factors 8 Item 1B. Unresolved Staff Comments 42 Item 2.
Properties
Properties 44 Item 3.
Legal Proceedings
Legal Proceedings 44 Item 4. Mine Safety Disclosures 44 PART II 45 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 45 Item 6. [Reserved] 46 Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 46 Item 7A.
Quantitative and Qualitative Disclosures about Market Risks
Quantitative and Qualitative Disclosures about Market Risks 64 Item 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 64 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 64 Item 9A.
Controls and Procedures
Controls and Procedures 64 Item 9B. Other Information 64 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 64 PART III 65 Item 10. Directors and Executive Officers of the Registrant, and Corporate Governance 65 Item 11.
Executive Compensation
Executive Compensation 65 Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 65 Item 13. Certain Relationships and Related Transactions, and Director Independence 65 Item 14. Principal Accounting Fees and Services 65 PART IV 66 Item 15. Exhibits, Financial Statement Schedules 66 Item 16. Form 10-K Summary 67
SIGNATURES
SIGNATURES 68 i PART I As used in this Annual Report, unless the context otherwise requires, the terms the "Company," "Zedge," "we," "us," and "our" refer to Zedge, Inc., a Delaware corporation, and its subsidiaries, collectively. Our fiscal year runs from August 1 through July 31. Each reference to a fiscal year in this Annual Report refers to the fiscal year ending in the calendar year indicated (for example, fiscal 2024 refers to the fiscal year ended July 31, 2024).
Business
Item 1. Business Company Overview Zedge builds digital marketplaces and friendly competitive games around content that people use to express themselves. Our leading products include Zedge Ringtones and Wallpapers, which we refer to as our "Zedge App," a freemium digital content marketplace offering mobile phone wallpapers, video wallpapers, ringtones, and notification sounds as well as pAInt, a generative AI wallpaper maker, GuruShots, a skill-based photo challenge game, and Emojipedia, the #1 trusted source for all things emoji'. Our vision is to enable and connect creators who enjoy friendly competitions with a community of prospective consumers in order to drive commerce. We are part of the Creator Economy,' which Goldman Sachs estimates is worth $250 billion globally. 1 According to Linktree, over 200 million individuals identify as creators, people who use their influence, skill, and creativity to amass an audience and monetize it. 2 Furthermore, Influencer Marketing Hub reports that out of 2,000 surveyed creators, 44.9% identify as full-time creators, 3 and Exploding Topics reports that 10% of influencers earn more than $100,000 per year. 4 We view the Creator Economy as an opportunity for Zedge to expand our business, especially as we execute by connecting our gamers with our marketplace. Our Zedge App (which is named "Zedge Wallpapers" in the App Store) offers a wide array of mobile personalization content including wallpapers, video wallpapers, ringtones, and notification sounds, and is available both in Google Play and the App Store. As of July 31, 2024, our Zedge App had been installed nearly 674 million times since inception and, over the past two fiscal years, has had between 26.1 million and 32.2 million monthly active users ("MAU"), ending with 26.1 million MAU as of July 31, 2024. MAU is a key performance indicator ("KPI") for our Zedge App that captures the number of unique users that used our Zedge App during the final 30 days of the relevant