Zedge, Inc. (AMEX:ZDGE) Q3 2023 Earnings Call Transcript

Jonathan Reich: I mean, listen, I think that last quarter, as I said, last quarter was a much more complicated quarter. We have seen some stabilization. I don’t think that the jury is fully out yet in terms of what’s happening at a macroeconomic/geopolitical level. And in terms of the industry specific challenges that we are facing with respect to ATT, some of the major players, let’s say Facebook is planning on releasing their solution to this over the summer. When that comes out, you can be rest assured that we’re going to do everything within our power to benefit from it and scale on the GuruShots side and on the Zed side of the business, were subject to what’s happening on a macroeconomic/geopolitical level. So depending on what happens with CPMs, and user acquisition costs and things of that sort, we hope that we’ve seen the worst than that, times will improve.

But at the same point time, I’m not a market prognosticator, we’re really operating and keeping our eye on doing the right things. As you had said in your introductory comments, we had delivered positive cash flow. And that is to us something which continues to be a very, very critical part of building and expanding our business.

Allen Klee: Great. Thank you so much.

Jonathan Reich: Thank you.

Operator: Thank you. [Operator Instructions] It looks like we have no further questions in queue. This concludes our question-and-answer session and conference call. Thank you for attending today’s presentation. You may now disconnect.