Zedge, Inc. Files Q3 2024 10-Q Report
Ticker: ZDGE · Form: 10-Q · Filed: Dec 16, 2024 · CIK: 1667313
| Field | Detail |
|---|---|
| Company | Zedge, INC. (ZDGE) |
| Form Type | 10-Q |
| Filed Date | Dec 16, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
Zedge filed its 10-Q for Oct 31, 2024. Class B stock on NYSE American.
AI Summary
Zedge, Inc. filed its 10-Q for the quarterly period ended October 31, 2024. The company, incorporated in Delaware, reported its financial status and business operations. Zedge, Inc. is registered with the SEC under file number 001-37782 and its Class B common stock is traded on the NYSE American exchange.
Why It Matters
This filing provides investors with an update on Zedge, Inc.'s financial performance and operational status for the most recent quarter, crucial for investment decisions.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags or significant new risks indicated.
Key Numbers
- 0731 — Fiscal Year End (Indicates the end of Zedge's fiscal year.)
- 26-3199071 — IRS Number (Zedge's Employer Identification Number.)
Key Players & Entities
- Zedge, Inc. (company) — Registrant
- October 31, 2024 (date) — Quarterly period end date
- Delaware (jurisdiction) — State of incorporation
- 001-37782 (legal_document_id) — SEC File Number
- NYSE American (company) — Exchange where Class B common stock is registered
FAQ
What is the primary purpose of this 10-Q filing?
This 10-Q filing is a quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, providing an update on Zedge, Inc.'s financial performance and operations for the quarterly period ended October 31, 2024.
On which exchange is Zedge, Inc.'s Class B common stock traded?
Zedge, Inc.'s Class B common stock, par value $.01 per share, is registered and traded on the NYSE American exchange.
What is Zedge, Inc.'s state of incorporation?
Zedge, Inc. is incorporated in Delaware.
What is the filing date of this 10-Q report?
This 10-Q report was filed as of December 16, 2024.
What is Zedge, Inc.'s principal executive office address?
Zedge, Inc.'s principal executive offices are located at 1178 Broadway, Suite 1450, 3rd Floor, New York, NY 10001.
Filing Stats: 4,551 words · 18 min read · ~15 pages · Grade level 16.4 · Accepted 2024-12-16 16:15:46
Filing Documents
- ea0224358-10q_zedge.htm (10-Q) — 884KB
- ea022435801ex31-1_zedge.htm (EX-31.1) — 9KB
- ea022435801ex31-2_zedge.htm (EX-31.2) — 9KB
- ea022435801ex32-1_zedge.htm (EX-32.1) — 5KB
- ea022435801ex32-2_zedge.htm (EX-32.2) — 5KB
- image_001.jpg (GRAPHIC) — 35KB
- image_002.jpg (GRAPHIC) — 31KB
- image_003.jpg (GRAPHIC) — 11KB
- image_004.jpg (GRAPHIC) — 11KB
- 0001213900-24-109313.txt ( ) — 4966KB
- zdge-20241031.xsd (EX-101.SCH) — 42KB
- zdge-20241031_cal.xml (EX-101.CAL) — 38KB
- zdge-20241031_def.xml (EX-101.DEF) — 201KB
- zdge-20241031_lab.xml (EX-101.LAB) — 344KB
- zdge-20241031_pre.xml (EX-101.PRE) — 200KB
- ea0224358-10q_zedge_htm.xml (XML) — 587KB
Financial
PART I. Financial Information 1 Item 1. Financial 1 Condensed Consolidated Balance Sheets 1 Condensed Consolidated 2 Condensed Consolidated 3 Condensed Consolidated 4 Notes To Condensed Consolidated
Financial Statements
Financial Statements 5 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 15 Item 3. Quantitative and Qualitative Disclosures About Market Risks 26 Item 4.
Controls and Procedures
Controls and Procedures 26 PART II. OTHER INFORMATION 27 Item 1.
Legal Proceedings
Legal Proceedings 27 Item 1A.
Risk Factors
Risk Factors 27 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 27 Item 3. Defaults Upon Senior Securities 27 Item 4. Mine Safety Disclosures 27 Item 5. Other Information 27 Item 6. Exhibits 28
SIGNATURES
SIGNATURES 29 i PART I. FINANCIAL INFORMATION Item 1. Condensed Consolidated Financial Statements ZEDGE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except par value data) October 31, July 31, 2024 2024 (Unaudited) Assets Current assets: Cash and cash equivalents $ 20,196 $ 19,998 Trade accounts receivable 3,213 3,406 Prepaid expenses and other receivables 754 593 Total current assets 24,163 23,997 Property and equipment, net 2,194 2,306 Intangible assets, net 5,257 5,369 Goodwill 1,812 1,824 Deferred tax assets, net 4,344 4,344 Other assets 428 355 Total assets $ 38,198 $ 38,195 Liabilities and stockholders' equity Current liabilities: Trade accounts payable $ 1,389 $ 1,113 Accrued expenses and other current liabilities 2,865 2,969 Deferred revenues 2,425 2,168 Total current liabilities 6,679 6,250 Deferred revenues--non-current 1,266 931 Other liabilities 150 118 Total liabilities 8,095 7,299 Commitments and contingencies (Note 9) Stockholders' equity: Preferred stock, $ .01 par value; authorized shares— 2,400 ; no shares issued and outstanding - - Class A common stock, $ .01 par value; authorized shares— 2,600 ; 525 shares issued and outstanding at October 31, 2024 and July 31, 2024 5 5 Class B common stock, $ .01 par value; authorized shares— 40,000 ; 14,896 shares issued and 13,619 shares outstanding at October 31, 2024, and 14,866 shares issued and 13,815 outstanding at July 31, 2024 149 149 Additional paid-in capital 48,642 48,263 Accumulated other comprehensive loss ( 1,861 ) ( 1,832 ) Accumulated deficit ( 13,452 ) ( 13,113 ) Treasury stock, 1,277 shares at October 31, 2024 and 1,051 shares at July 31, 2024, at cost ( 3,380 ) ( 2,576 ) Total stockholders' equity 30,103 30,896 Total liabilities and stockholders' equity $ 38,198 $ 38,195 See accompanying notes to unaudited condensed consolidated financial sta