Izea Worldwide Inc Stock Price, News & Analysis

IZEA Worldwide reported a 4Q 2022 Managed Services bookings total of $7.9 million, a decline from $10.6 million in 4Q 2021. The decrease is attributed to parting ways with a large client, resulting in lower margins and short-term impacts on bookings. However, the company has a revenue backlog of $7.8 million, expected to complete by the end of 2023. Despite the challenges, core clientele bookings grew, and a strong new opportunity pipeline was generated in Q4. IZEA anticipates improved margins through a diversified client base.

IZEA Worldwide, Inc. reported robust financial results for Q3 2022, with total revenue surging 40% to $10.8 million compared to $7.7 million in Q3 2021. Managed Services revenue saw a remarkable 44% increase to $10.5 million, while SaaS Services revenue fell 22.6% to $0.4 million. The net loss narrowed to $0.9 million from $1.4 million. Despite rising expenses, adjusted EBITDA improved, indicating operational efficiency. The company terminated its ATM equity offering and anticipates further growth with new technology launches and international expansion.

IZEA Worldwide has launched The Creator Marketplace on IZEA.com, enhancing the influencer marketing landscape. This revamped platform allows brands and agencies to efficiently search for creators that fit their marketing needs.

New features include detailed creator profiles with deeper insights and the Casting Calls option, facilitating two-way collaboration. Access to the marketplace is free, with premium plans available for enhanced benefits. IZEA aims to strengthen its foothold in the Creator Economy by fostering connections between marketers and influencers.

IZEA Worldwide, Inc. (NASDAQ: IZEA) will hold a conference call on Nov. 10, 2022, at 5:00 p.m. EST to discuss its Q3 2022 financial results. The call will feature remarks from CEO Ted Murphy, COO Ryan Schram, and CFO Peter Biere, followed by a Q&A session. Interested parties can join by calling 1-800-768-2107 (toll-free) or 1-416-981-9025 (international). A replay of the call will be available until Nov. 17, 2022, using the toll-free number 1-844-512-2921. IZEA continues to lead in influencer marketing technology and services.

IZEA Worldwide has officially launched its services in the UK, marking a significant step in expanding its influencer marketing operations beyond North America and China. The launch is characterized by a new hybrid service model that promises flexibility in influencer marketing without long-term retainers. The UK operations will be spearheaded by Sylvia Enotiades, a seasoned expert in the field. IZEA's track record includes nearly 4 million collaborations and a reputation for delivering results through a robust technology platform. This move aims to capitalize on the growing UK influencer sector.

IZEA Worldwide announced its Managed Services team secured contract bookings of $8.2 million in Q3 2022, down from $11.3 million in Q3 2021. CEO Ted Murphy indicated that the slowdown in contracting was influenced by the macroeconomic climate, particularly affecting new client acquisitions. Despite this, the company experienced a significant reduction in cancellations, totaling less than $100,000. Additionally, the new opportunity pipeline reached a record high, increasing 40% year-over-year. IZEA expects these new opportunities to drive performance in Q4 2022 and Q1 2023.

IZEA Worldwide has launched IZEA Flex, a next-generation influencer marketing platform, enhancing flexibility and measurement for marketers. Announced during the 'SUPERCHANGED' event, the platform features eight core modules, including Discover for influencer searches and ContentMine for content organization using AI. Innovations include deep integration with e-commerce tools like Google Analytics and Shopify, enabling advanced tracking of social commerce impacts. Pricing starts with a free plan, aiming to lower barriers for users while empowering both large and small brands.

IZEA Worldwide announced a major shift in its platform by retiring the Shake service and launching a reimagined Creator Marketplace on IZEA.com in October. This new marketplace will enhance creator profiles using BrandGraph A.I. insights and allow for a two-way interaction between marketers and creators through Casting Calls. Access to the marketplace will be free, with optional Pro plans available for enhanced features. Existing Shake listings will transition to the new platform by September 22, 2022.