ZDGE - Zedge announces revenue and operating income for Q4 and FY21

Zedge (NYSE:ZDGE) says it is working to finalize the partial release (~$0.03 per share) of the valuation allowance on the Company's deferred tax asset. The Company reported revenue and operating income for its fourth quarter and fiscal year 2021 ended July 31, 2021. For Q4, Revenue increased 93.0% Y/Y to $5.2M; Operating income and operating margin of $2.2M and 42.2% vs. $0.4M and 14.4%, respectively; MAU increased by 7.8%, and Zedge Premium Gross Transaction Value of $0.3M an increase of 45.0%. Full-Year Fiscal 2021: Revenue increased 106.6% Y/Y $19.6M; Active subscriptions and subscription revenue increased 49.2% and 100.8%, respectively; Operating income and operating margin of $7.8M and 39.9% vs. an operating loss of($0.4M) and (4.2)%, respectively; Zedge Premium GTV of $0.95M an increase of 29.8% vs. last year. (ZDGE -5.8%) Previously (Oct. 28): Zedge beats on revenue.

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Zedge announces revenue and operating income for Q4 and FY21