Zedge Inc Stock Research

Market Summary

USD2.21-0.04

Market Closed

-1.78%

ZDGE Stock Price

ZDGE RSI Chart

ZDGE Valuation

Market Cap

31.7M

Price/Earnings (Trailing)

4.68

Price/Sales (Trailing)

1.15

EV/EBITDA

1.45

Price/Free Cashflow

4.64

ZDGE Price/Sales (Trailing)

ZDGE Profitability

EBT Margin

32.00%

Return on Equity

17.01%

Return on Assets

13.47%

Free Cashflow Yield

21.54%

ZDGE Fundamentals

ZDGE Revenue

Revenue (TTM)

27.5M

Revenue Y/Y

0.98%

Revenue Q/Q

1.2%

ZDGE Earnings

Earnings (TTM)

6.8M

Earnings Y/Y

-30.92%

Earnings Q/Q

1.1K%

Price Action

52 Week Range

1.625.65

(Low)(High)

Last 7 days

-0.9%

Last 30 days

13.1%

Last 90 days

-18.5%

Trailing 12 Months

-56.1%

ZDGE Financial Health

Current Ratio

2.76

ZDGE Investor Care

Buy Backs (1Y)

1.47%

Diluted EPS (TTM)

0.45

Peers (Alternatives to Zedge)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
GOOG	1.6T	284.6B	17.35%	8.97%	27.19	5.6	5.28%	-21.40%
TWTR	41.4B	-	27.58%	-2.03%	-370.37	7.92	-	-
SNAP	17.1B	4.5B	24.31%	-25.84%	-12.25	3.78	2.67%	-149.46%
PINS	16.0B	2.8B	10.48%	24.72%	-53.4	5.65	6.09%	-189.94%
MID-CAP
TRIP	2.1B	1.6B	-14.95%	-35.91%	-110.47	1.31	53.79%	81.37%
SMALL-CAP
YELP	2.3B	1.2B	16.14%	14.31%	63.97	1.95	15.67%	-8.38%
CARG	2.0B	1.5B	19.43%	-24.81%	24.26	1.24	20.30%	-24.52%
CARS	1.3B	662.7M	-7.63%	77.27%	51.35	1.89	5.43%	147.08%
TTGT	981.6M	286.4M	3.49%	-51.41%	27.2	3.43	2.80%	472.58%
EB	734.2M	283.0M	5.89%	-37.44%	-14.72	2.59	31.50%	31.07%
CDLX	220.1M	294.9M	-36.12%	-79.64%	-0.47	0.74	4.66%	-586.22%
TRUE	202.2M	155.0M	-9.92%	-33.04%	-1.61	1.3	-26.25%	-197.31%
TZOO	151.9M	70.6M	17.78%	42.63%	22.89	2.15	12.58%	628.21%
ZDGE	31.7M	27.5M	13.07%	-56.14%	4.68	1.15	17.28%	-27.23%

Financials for Zedge

* denotes actual numbers (not divided by Thousands)
Income Statement (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	0.2%	27,485	27,417	26,545	24,414	23,436
Operating Expenses	14.8%	2,253	1,963	1,641	1,340	1,229
S&GA Expenses	15.2%	20,920	18,155	15,061	12,354	10,984
EBITDA	-22.1%	10,612	13,621	11,023	11,627	-
EBITDA Margin	-24.6%	0.39*	0.51*	0.45*	0.50*	-
Earnings Before Taxes	-15.3%	7,432	8,773	11,606	9,280	10,024
EBT Margin	-26.8%	0.32*	0.44*	0.38*	0.43*	-
Interest Expenses	88.7%	134	71.00	49.00	273	267
Net Income	-9.6%	6,771	7,490	9,714	7,659	9,305
Net Income Margin	-25.3%	0.27*	0.37*	0.31*	0.40*	-
Free Cahsflow	-14.0%	9,880	11,492	13,707	12,048	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-0.6%	55.00	56.00	55.00	56.00	45.00
Current Assets	0.4%	22.00	22.00	20.00	20.00	34.00
Cash Equivalents	-5.2%	17.00	18.00	17.00	17.00	30.00
Net PPE	8.0%	2.00	2.00	2.00	2.00	2.00
Goodwill	0.7%	11.00	11.00	11.00	11.00	2.00
Liabilities	-19.2%	9.00	12.00	10.00	17.00	7.00
Current Liabilities	-5.4%	7.00	8.00	9.00	14.00	7.00
LT Debt, Non Current	0.1%	2.00	2.00	-	-	-
Shareholder's Equity	4.2%	46.00	44.00	44.00	39.00	38.00
Retained Earnings	80.7%	4.00	2.00	2.00	-2.37	-3.17
Additional Paid-In Capital	1.8%	45.00	44.00	44.00	43.00	42.00
Shares Outstanding	-1.5%	14.00	14.00	14.00	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-29.8%	7.00	10.00	11.00	14.00	12.00
Share Based Compensation	13.6%	3.00	2.00	2.00	1.00	1.00
Cashflow From Investing	-1.2%	-20.31	-20.07	-18.95	-23.69	-5.40
Cashflow From Financing	-40.8%	1.00	2.00	-0.22	2.00	10.00
Buy Backs	219.0%	1.00	0.00	0.00	0.00	0.00

Risks for ZDGE

What is the probability of a big loss on ZDGE?

100%

Probability that Zedge stock will be more than 20% underwater in next one year

98.1%

Probability that Zedge stock will be more than 30% underwater in next one year.

76.5%

Probability that Zedge stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ZDGE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Zedge was unfortunately bought at previous high price.

Drawdowns

Returns for ZDGE

Cumulative Returns on ZDGE

-10.0%

7-Year Cumulative Returns

-10.2%

5-Year Cumulative Returns

26.9%

3-Year Cumulative Returns

What are the long-term rolling returns for ZDGE?

FIve years rolling returns for Zedge.

Annualized Returns

Which funds bought or sold ZDGE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-22	AMERIPRISE FINANCIAL INC	sold off	-100	-40,000	-	-%
2023-05-17	B. Riley Wealth Advisors, Inc.	added	3.42	13,995	109,943	-%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	added	19.34	5,991	24,578	-%
2023-05-15	Royal Bank of Canada	new	-	78,000	78,000	-%
2023-05-15	BRIDGEWAY CAPITAL MANAGEMENT, LLC	added	25.01	27,367	98,436	-%
2023-05-15	VANGUARD GROUP INC	added	3.63	161,888	1,254,520	-%
2023-05-15	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	unchanged	-	21.00	207	-%
2023-05-15	TWO SIGMA INVESTMENTS, LP	sold off	-100	-51,702	-	-%
2023-05-15	GEODE CAPITAL MANAGEMENT, LLC	unchanged	-	20,251	206,251	-%
2023-05-15	J. Goldman & Co LP	sold off	-100	-132,341	-	-%

Latest Funds Activity

Are funds buying ZDGE calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own ZDGE

No. of Funds

Zedge News

Schedule 13G FIlings of Zedge

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 28, 2023	jonas michael c	12.6%	1,864,673	SC 13D/A
Feb 14, 2022	old west investment management, llc	3.29%	455,358	SC 13G/A
Feb 16, 2021	old west investment management, llc	10.67%	1,279,742	SC 13G/A
Feb 11, 2020	old west investment management, llc	14.6%	1,444,708	SC 13G/A

ZDGE Fair Value

Show Fair-Value

Recent SEC filings of Zedge

View All Filings

Date Filed	Form Type	Document
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	10-Q	Quarterly Report
Mar 15, 2023	8-K	Current Report
Feb 28, 2023	SC 13D/A	13D - Major Acquisition

Latest Insider Trading transactions for ZDGE

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-15	JONAS HOWARD S	gifted	-	-	3,061	-
2023-03-15	JONAS HOWARD S	gifted	-	-	-2,397	-
2023-03-15	JONAS HOWARD S	gifted	-	-	-9,548	-
2023-03-15	JONAS HOWARD S	gifted	-	-	-28,713	-
2023-03-15	JONAS HOWARD S	gifted	-	-	37,597	-
2023-01-05	GHERMEZIAN MARK	acquired	29,999	2.05	14,634	-
2023-01-05	PACKER PAUL	acquired	29,999	2.05	14,634	-
2023-01-05	GIBBER ELLIOT	acquired	29,999	2.05	14,634	-
2023-01-05	SUESS GREGORY	acquired	29,999	2.05	14,634	-
2022-09-07	Tsai Yi	sold (taxes)	-2,038	2.74	-744	cfo & treasurer

About Zedge

Jonathan Reich

N/A

Zedge, Inc. operates a digital publishing and content platform worldwide. Its platform enables consumers to personalize their mobile devices with ringtones, home screen app icons, wallpapers, widgets, and notification sounds. The company was incorporated in 2008 and is based in New York, New York.

ZDGE Income Statement

2023-01-31

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022
Income Statement [Abstract]
Revenues, net	$ 6,983	$ 6,915	$ 13,883	$ 12,943
Costs and expenses:
Direct cost of revenues (excluding amortization of capitalized software and technology development costs which is included below)	632	342	1,264	652
Selling, general and administrative	5,871	3,106	11,697	5,838
Depreciation and amortization	815	360	1,608	758
Change in fair value of contingent consideration	(1,793)		(1,943)
Income from operations	1,458	3,107	1,257	5,695
Interest and other income, net	77	14	112	27
Net gain (loss) resulting from foreign exchange transactions	160	(85)	84	(95)
Income before income taxes	1,695	3,036	1,453	5,627
Provision for income taxes	89	711	16	1,247
Net income	1,606	2,325	1,437	4,380
Other comprehensive income (loss):
Changes in foreign currency translation adjustment	152	(222)	(107)	(80)
Total other comprehensive income (loss)	152	(222)	(107)	(80)
Total comprehensive income	$ 1,758	$ 2,103	$ 1,330	$ 4,300
Income per share attributable to Zedge, Inc. common stockholders:
Basic (in Dollars per share)	$ 0.11	$ 0.16	$ 0.1	$ 0.31
Diluted (in Dollars per share)	$ 0.11	$ 0.16	$ 0.1	$ 0.29
Weighted-average number of shares used in calculation of income per share:
Basic (in Shares)	14,087	14,297	14,208	14,289
Diluted (in Shares)	14,259	14,971	14,440	15,007

ZDGE Balance Sheet

2023-01-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 31, 2023	Jul. 31, 2022
Current assets:
Cash and cash equivalents	$ 17,459	$ 17,085
Trade accounts receivable	2,788	2,411
Prepaid expenses and other receivables	1,334	396
Total current assets	21,581	19,892
Property and equipment, net	1,933	1,660
Intangible assets, net	19,866	21,025
Goodwill	10,716	10,788
Deferred tax assets, net	828	861
Other assets	326	400
Total assets	55,250	54,626
Current liabilities:
Trade accounts payable	1,381	1,180
Deferred acquisition payment payable		962
Contingent consideration-current portion		215
Accrued expenses and other current liabilities	3,174	2,898
Deferred revenues	2,805	3,402
Total current liabilities	7,360	8,657
Term loan, net of deferred financing costs	1,983
Contingent consideration-long term portion		1,728
Other liabilities		53
Total liabilities	9,343	10,438
Commitments and contingencies (Note 10)
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 January 31, 2023 and July 31, 2022	5	5
Class B common stock, $.01 par value; authorized shares—40,000; 14,674 shares issued and 14,152 shares outstanding at January 31, 2023, and 13,951 shares issued and 13,877 outstanding at July 31, 2022	147	139
Additional paid-in capital	44,979	43,609
Accumulated other comprehensive loss	(1,498)	(1,391)
Retained earnings	3,597	2,160
Treasury stock, 522 shares at January 31, 2023 and 74 shares at July 31, 2022, at cost	(1,323)	(334)
Total stockholders’ equity	45,907	44,188
Total liabilities and stockholders’ equity	$ 55,250	$ 54,626