Zedge Inc
For the period ended Jan 31, 2024. Filed Mar 15, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 31, 2024 · Filed Mar 15, 2024
ZDGE$2.290.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(in thousands)
| Six Months Ended | ||
|---|---|---|
| January 31, | ||
| 2024 | 2023 | |
| Operating activities | ||
| Net (loss) income | $(9,246) | $1,437 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Depreciation | 28 | 30 |
| Amortization of intangible assets | 1,158 | 1,158 |
| Amortization of capitalized software and technology development costs | 351 | 420 |
| Amortization of deferred financing costs | 15 | 1 |
| Stock-based compensation | 1,190 | 1,378 |
| Impairment charge of intangible assets | 11,958 | - |
| Impairment of investment in privately-held company | 50 | - |
| Change in fair value of contingent consideration | - | (1,943) |
| Deferred income taxes | (2,619) | 33 |
| Change in assets and liabilities: | ||
| Trade accounts receivable | (480) | (377) |
| Prepaid expenses and other current assets | (106) | (938) |
| Other assets | 15 | 22 |
| Trade accounts payable and accrued expenses | 445 | 497 |
| Deferred revenue | 53 | (597) |
| Net cash provided by operating activities | 2,812 | 1,121 |
| Investing activities | ||
| Final payments for asset acquisitions | - | (962) |
| Capitalized software and technology development costs | (777) | (668) |
| Purchase of property and equipment | (23) | (53) |
| Net cash used in investing activities | (800) | (1,683) |
| Financing activities | ||
| Prepayment of term loan | (2,000) | - |
| Proceeds from term loan payable | - | 2,000 |
| Payment of deferred financing costs | - | (18) |
| Proceeds from exercise of stock options | 3 | - |
| Purchase of treasury stock in connection with share buyback program and stock awards vesting | (13) | (989) |
| Net cash (used in) provided by financing activities | (2,010) | 993 |
| Effect of exchange rate changes on cash and cash equivalents | (63) | (57) |
| Net (decrease) increase in cash and cash equivalents | (61) | 374 |
| Cash and cash equivalents at beginning of period | 18,125 | 17,085 |
| Cash and cash equivalents at end of period | $18,064 | $17,459 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
| Cash payments made for income taxes | $67 | $711 |
| Cash payments made for interest expenses | $65 | $31 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.