Zedge Q1 2024 EPS $0.00 Up From $(0.01) YoY, Revenue $7.1M Up From $6.9M YoY
Portfolio Pulse from Benzinga Newsdesk
Zedge, Inc. reported its Q1 2024 earnings per share (EPS) at $0, an improvement from a loss of $(0.01) year-over-year (YoY). The company's revenue increased to $7.1 million, up from $6.9 million YoY.
December 13, 2023 | 9:15 pm
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POSITIVE IMPACT
Zedge's Q1 2024 results show a break-even EPS, improved from a loss last year, and a slight increase in revenue, indicating potential growth and financial stability.
The improvement in EPS from a loss to break-even and the increase in revenue are positive indicators of the company's performance and may lead to investor optimism in the short term. The financial stability suggested by these results could positively impact ZDGE's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100