Zedge Inc (ZDGE)
| Sector • Technology Industry • Software & Programming |
| Industry • Software & Programming |
| Sector • Technology |
Decline in Earnings while revenue rose at the ZDGE all along the second quarter of 2023
company reported second quarter of 2023 operating profit of $1.458 million
Published Mar 18 2023
Goran Soko / CSIMarket.com Contributer
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Revenue improvement of 0.983 %, could not prevent income contraction of -31.25 % in the fiscal period ending January 31 2023, in proportion to same financial reporting period a year prior. revenue were at $6.98 million and eps at $0.11. In comparison to the preceding financial reporting period net profit per share turned positive from $-0.01 per share and revenue advanced by 1.203 % from $6.90 million.
Earnings of $1.606 million in the second quarter of 2023 fell by -30.92 % from $2.325 million in the corresponding period a year before. Zedge Inc shifted it's focus on improving sales in the second quarter of 2023, as a result net margin eased to 23%.
Operating earnings, fell -53.07% to $1.458 million, squeezing Zedge Inc 's operating margin to 20.88%, from 44.93% in the second quarter of 2022.
Zedge Inc is expected to report next financial earnings on June 13, 2023.
Other ZDGE's Earnings Reports
Zedge Inc reported Q1 of 2023 earnings
Other ZDGE's Earnings Reports
Zedge Inc reported Q1 of 2023 earnings