Zedge Announces First Fiscal Quarter Revenue Growth of 85% and Record Overall Quarterly Financial Results
ACCESSWIRE
EPS of $0.08 and cash flow from operations of $1.5 million
NEW YORK, NY / ACCESSWIRE / December 10, 2020 / Zedge, Inc. (NYSE AMERICAN:ZDGE), a leading global developer of mobile phone personalization and entertainment apps, today announced results for its fiscal first quarter ended October 31, 2020.
"The investments we made in fiscal 2020 continued bearing fruit in the first quarter, resulting in record quarterly results across several key financial metrics, including our fifth consecutive quarter of positive cash flow from operations," said Jonathan Reich, chief executive officer. "Monthly active users, or MAU, returned to year-over-year growth, and our subscription offerings continued to gain traction with revenue growth of 214%. Together, these drove our average revenue per monthly active user, or ARPMAU, higher by 73% compared to last year."