Segment and Geographic Information

12 Months Ended

Jul. 31, 2023

Segment Reporting [Abstract]

Segment and Geographic Information

Note 15—Segment and Geographic Information

Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the Chief Operating Decision Maker (“CODM”), or decision-making group, in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker is its Chief Executive Officer as of July 31, 2023. Based on the criteria established by ASC 280, Segment Reporting, the Company has one operating and reportable segment as of July 31, 2022.

Beginning in the first quarter of fiscal 2023, the Company revised the presentation of segment information to align with changes to how the Company’s CODM manages the business, allocates resources and assesses operating performance reports operating results based on two reportable segments, which are the Zedge Marketplace and GuruShots.

The CODM evaluates the performance of each operating segment using revenue and income (loss) from operations. The following table provides information about the Company’s two reportable segments.

	Fiscal Year Ended
	July 31,
	2023			2022
Revenue:	(in thousands)
Zedge Marketplace	$	22,594		$	24,872
GuruShots		4,647			1,673
Total	$	27,241		$	26,545
Segment income (loss) from operations:
Zedge Marketplace	$	6,321		$	9,582
GuruShots		(13,232	)		2,256
Total	$	(6,911	)	$	11,838

The CODM does not evaluate operating segments using asset information and, accordingly, the Company does not report asset information by segment.

GuruShots’ operating results are consolidated with our operating results beginning on April 13, 2022. Therefore, our consolidated results of operations for the fiscal year ended July 31, 2022 may not be comparable to the corresponding periods in fiscal 2023. Please refer to the unaudited pro forma consolidated financial information contained in Note 6, Business Combination and Asset Acquisition.

Geographic Information

Net long-lived assets and total assets held outside of the United States, which are located primarily in Israel and Norway, were as follows:

	United States		Foreign		Total
Long-lived assets, net:
July 31, 2023	$	7,054	$	14,346	$	21,400
July 31, 2022	$	7,818	$	15,217	$	23,035
Total assets:
July 31, 2023	$	33,401	$	13,430	$	46,831
July 31, 2022	$	26,229	$	28,397	$	54,626