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Zedge Inc

For the period ended Jul 31, 2024. Filed Oct 29, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Oct 29, 2024

ZDGE$2.24-2.6%Stored close · as of Nov 6, 2026
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**UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

for the Fiscal Year Ended July 31,2024

or

☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Commission File Number:1-37782

(Exact Name of Registrant as Specified in its Charter)

Delaware26-3199071
(State or Other Jurisdiction of Incorporation or Organization)(I.R.S. Employer Identification No.)
1178 Broadway, 3rd Floor #1450, New York, NY10001
(Address of Principal Executive Offices)(Zip Code)

(330) 577-3424

(Registrant’s Telephone Number, Including Area Code)

Title of each classTrading SymbolName of each exchange on which registered
Class B common stock, par value $0.01 per shareZDGENYSE American

Securities registered pursuant to Section 12(g) of the Act:

None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes ☐No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐Accelerated filer ☐
Non-accelerated filer ☒Smaller reporting company ☒
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒

The aggregate market value of the voting and non-voting stock held by non-affiliates of the registrant, based on the adjusted closing price on January 31, 2024 (the last business day of the registrant’s most recently completed second fiscal quarter) of the Class B common stock of $3.26 per share, as reported on the New York Stock Exchange, was approximately $38.3 million.

As of October 28, 2024, the registrant had outstanding 524,775 shares of Class A common stock and 13,618,761 shares of Class B common stock.

DOCUMENTS INCORPORATED BY REFERENCE

The definitive proxy statement relating to the registrant’s Annual Meeting of Stockholders, to be held January 15, 2025, is incorporated by reference into Part III of this Form 10-K to the extent described therein.

Index

TABLE OF CONTENTS

PART I1
Item 1.Business1
Item 1A.Risk Factors8
Item 1B.Unresolved Staff Comments42
Item 2.Properties44
Item 3.Legal Proceedings44
Item 4.Mine Safety Disclosures44
PART II45
Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities45
Item 6.[Reserved]46
Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations46
Item 7A.Quantitative and Qualitative Disclosures about Market Risks64
Item 8.Financial Statements and Supplementary Data64
Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure64
Item 9A.Controls and Procedures64
Item 9B.Other Information64
Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections64
PART III65
Item 10.Directors and Executive Officers of the Registrant, and Corporate Governance65
Item 11.Executive Compensation65
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters65
Item 13.Certain Relationships and Related Transactions, and Director Independence65
Item 14.Principal Accounting Fees and Services65
PART IV66
Item 15.Exhibits, Financial Statement Schedules66
SIGNATURES68

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