Friday, October 15, 2021

Zedge, Inc. (ZDGE) Stock Trades on Year High After Announcing Astonishing Fourth Quarter Results

ZDGE Stock delivers record cash flow from operations during Fiscal 2020. 


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The leading content distribution platform Zedge, Inc. (ZDGE) recently reported its fourth quarter and full fiscal year 2020 results. The company recorded strong financial growth during the fourth quarter and over the fiscal year 2020.


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Shares of Zedge surged as high as 47% in the premarket on Friday followed by the Q4 report which was published on Thursday evening. ZDGE opened the trading session today with a bullish momentum at $3.08 compared to the previous close of $1.57 on Thursday. 

Currently, the shares price of Zedge are trading at its highest since December 2018. As we write this at 1:50 P.M. EDT, ZDGE was trading at $2.41 soaring by 52.54%. 

The company reported its Q4 revenue of $2.7 million in comparison with last year’s Q4 revenue of $2 million, a 39.2% incline. The net income was $0.5 million compared to a net loss of $1.2 million in 2019. 

The major factor in pushing Zedge’s quarterly and yearly performance was its increasing paid subscriber base, which remained the highlight for the company.

Zedge reported its paid subscription revenue of $0.6 million compared to $0.1 million in 2019, a whopping 378% growth. While the total number of paid subscriber base increased by 227%, almost 26.3% more from the prior quarter. 

The Chief Operating Officer of the company, Jonathan Reich mentioned that Zedge finished the year on a high note with vitalizing momentum going into the next fiscal year. Reich added:

“Our fourth quarter paid subscriber count continued to grow at an impressive pace and contributed to a 50% year-over-year increase in average revenue per monthly active user or ARPMAU. We were also encouraged to see the gross transaction value or GTV, for our Zedge Premium marketplace return to double-digit growth after a temporary pandemic-related slowdown last quarter.”

Zedge has invested in product development improving its Ad optimization, and strong paid subscription growth. The company implemented the cost reduction policy helping it to generate positive EPS in the fourth quarter of 2020. 

One of the major goals of the company was to achieve positive cash flow during the fourth quarter, and Zedge topped this by generating positive cash flow in all four quarters of fiscal 2020. 

The cash flow from operations during the fourth quarter was $0.5 million versus ($0.4) million in the same period last year. The company delivered record cash flow during fiscal 2020 with $2.1 million compared to $0.1 million in 2019. 

Moving forward into fiscal 2021, Zedge is targeting revenue growth of over 20%. The momentum has continued into the first quarter of this year and the company sees the opportunity of further diversifying its existing revenue streams in the future, said Reich.

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