Zedge, Inc. (NYSE: ZDGE) reported Q1 EPS of ($0.08). Revenue for the quarter came in at $2.66 million, versus $0 reported last year.

First Quarter FY 2018 Operational and Financial Highlights(Results are for the 1st quarter FY 2018 and are compared to the 1st quarter FY 2017 except where otherwise noted.)

• MAU (Monthly Active Users) for the last 30 days of the quarter increased 5.7% to 33.4 million from 31.6 million in the comparable period of 2017 with growth across all regions, globally;
• Total installs at October 31, 2017 increased 25.3% to 288.8 million from 230.5 million;
• Quarterly revenue increased 11.6% to $2.66 million from $2.38 million;
• Average revenue per MAU derived from our apps (ARPMAU) increased 9.9% for the quarter to $0.0256 from $0.0233, the fourth consecutive quarter of improvement;
• Selling, General and Administration (SG&A) expense increased 69.3% to $2.97 million from $1.76 million, primarily attributable to the one-time costs of $465 thousand incurred in connection with the Freeform acquihire and the severance of $191 thousand associated with the reduction in workforce, as well as a $200 thousand SkatteFUNN credit recorded in Q1 FY 2017 that related to prior periods. Excluding the one-time costs and adjustments, SG&A increased 18.4% to $2.32 million from $1.96 million, mainly due to increase in headcount from 59 at October 31, 2016 to 69 at October 31, 2017;
• Loss from operations during the 1st quarter of FY 2018 was $833 thousand, compared to income from operations of $113 thousand. Excluding one-time costs and adjustments discussed above, loss from operations would have been $177 thousand compared to an operating loss of $87 thousand;
• Net loss per diluted share of $0.08 in the 1st quarter of FY 2018 compared to net income per diluted share of $0.02;
• Beta launch of Zedge Premium, a marketplace for professional artists that want to promote and monetize their art within Zedge, on iOS earlier today.

For earnings history and earnings-related data on Zedge, Inc. (ZDGE) click here.