Zedge Inc   (ZDGE)
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   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

Laptop_women_By_Petar_Milosevic_(Own_work)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonsRevenue 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.

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