ZDGE Gains by 9.50% to $2.19 Per Share and Reports Strong 1Q Results

NIA has been saying for months that Zedge (ZDGE) is the only U.S. listed stock that has a 100% chance of making massive gains!

ZDGE gained by 9.50% today to $2.19 per share for a gain so far of 28.82% since NIA's suggestion at $1.70 per share!

ZDGE's fiscal 1Q 2024 results were just released and they blew away our highest expectations.

NIA was internally estimating that ZDGE would report a year-over-year 10% decline in ad revenue, but even with a 10% decline in ad revenue we believed that ZDGE would rally big anyway because its enterprise value/revenue ratio was only 0.43 at the time of our Monday morning ZDGE update, which is normally a multiple that deeply in debt companies near bankruptcy trade for with no positive prospects for future growth.

ZDGE has surprised us big time this evening by reporting a year-over-year 10% increase in ad revenue, which is something we NEVER imagined possible!

There are zero publicly traded companies besides ZDGE that are trading at such an insanely low enterprise value/revenue ratio while having a strong balance sheet, positive revenue growth, positive operating income, positive cash flow, and high gross margins in a popular industry poised for long-term growth!

ZDGE is in a league of its own for being an insanely undervalued U.S. listed stock!

ZDGE's fiscal 1Q 2024 cash flow from operations grew by 16.5% vs. fiscal 1Q 2023!

ZDGE's fiscal 1Q 2024 adjusted EBITDA grew by 60.8% vs. fiscal 1Q 2023!

ZDGE swung to an operating profit with an operating margin of 4.5% vs. a fiscal 1Q 2023 operating loss with a negative operating margin of -2.9%.

ZDGE's Emojipedia division is booming with revenue up by 62% year-over-year!

The Zedge Marketplace is now installed on 625.3 million mobile devices!

ZDGE is continuing to develop AI Art Master, which is currently available in only a few small countries as ZDGE focuses on improving its onboarding, game mechanics and retention prior to its launch in the U.S. and other large markets. ZDGE is also rolling out Battles, the new GuruShots game mechanic, which is so far available for around 5% of its user base. ZDGE expects to increase this number over the next several months to draw new players to GuruShots and help convert them into paying customers.

AI Art Master and the new Battles feature for GuruShots will help to greatly accelerate ZDGE's revenue growth in 2024! ZDGE won't be trading for below $3 per share for much longer! ZDGE is the only U.S. listed stock worth researching!

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.