Zedge, Inc. (ZDGE) Reports Q3 Loss of $0.02 on Revenues of $2.5M

Zedge, Inc. (NYSE: ZDGE) reported Q3 EPS of ($0.02). Revenue for the quarter came in at $2.5 million.

Third Quarter FY 2017 Operational and Financial Highlights

(Results are for the 3rd quarter FY 2017 and are compared to the 3rd quarter FY 2016 except where otherwise noted.)

• MAU (Monthly Active Users) for the last 30 days of the quarter increased 0.3% to 31.7 million, and decreased 5.1% compared to Q2 FY2017;
• Total installs were 260.4 million at April 30, 2017, an increase of 28.5% compared to April 30, 2016;
• Revenue decreased 1.7% to 2.5 million;
• Average revenue per MAU derived from our apps (ARPMAU) increased year-over-year for the second consecutive quarter, rising 0.8% to $0.0249 and increasing 5.1% sequentially;
• Loss from operations was $193 thousand compared to income from operations of $243 thousand;
• Net loss per diluted share of $0.02 compared to diluted EPS of $0.04;
• Working capital – current assets less current liabilities - increased to $5.3 million at April 30, 2017 from $3.9 million at April 30, 2016.

For earnings history and earnings-related data on Zedge, Inc. (ZDGE) click here.

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