Note: EPS may not be comparable

Zedge, Inc. (NYSE: ZDGE) reported Q2 EPS of ($0.02). Revenue for the quarter came in at $3.04 million.

Second Quarter FY 2018 Operational and Financial Highlights

(Results are for the 2nd quarter FY 2018 and are compared to the 2nd quarter FY 2017 except where otherwise noted.)

• MAU (Monthly Active Users) for the last 30 days of the quarter increased 6.3% to 35.5 million from 33.4 million in the comparable period of 2017 driven primarily by strong growth in the emerging markets;
• Total installs at January 31, 2018 increased 24.3% to 306.2 million from 246.3 million;
• Quarterly revenue increased 18.4% to $3.04 million from $2.57 million;
• Average revenue per MAU derived from our apps (ARPMAU) increased 15.2% for the quarter to $0.0273 from $0.0237, the sixth consecutive quarter of improvement;
• Selling, General and Administration (SG&A) expense increased 11.8% to $2.59 million from $2.31 million. The FY18 spend included $469 thousand of costs incurred in connection with the launch of Zedge Premium and severance. Excluding those costs, SG&A would have decreased, mainly attributable to the cost reduction initiative implemented as of November 1, 2017;
• Loss from operations during the quarter was $122 thousand, compared to a loss of $338 thousand. Excluding severance, income from operations would have been $52 thousand;
• Zedge Premium, our marketplace offering that was launched on iOS in December 2017, is currently being rolled out on Android. Initial conversion rates specific to monetizable actions are positive;
• Net loss per share of $0.02 in the 2nd quarter of FY 2018 compared to net loss per share of $0.03.

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