Izea Worldwide Inc Stock Price, News & Analysis

IZEA Worldwide, Inc. (NASDAQ: IZEA) has secured a mid-six figure managed services contract from a Fortune 200 client, marking its third and largest expansion since Q2 2020. This agreement involves executing influencer marketing campaigns to promote DIY and home improvement products across platforms like Instagram, Pinterest, and YouTube. Notably, Managed Services bookings surged by 187% year-over-year, amounting to $11.1 million in Q2 2021. The company is set to release its complete financial performance during its Q2 earnings report on August 12, 2021.

IZEA Worldwide, Inc. (NASDAQ: IZEA) reported a record for Managed Services bookings in Q2 2021, achieving $11.1 million, a 187% increase from $3.9 million in Q2 2020. The company added numerous new influencer marketing customers, including Fortune 500 brands, and experienced strong repeat business from existing clients. IZEA's total active software customer base more than doubled since June 2020. While bookings are a key sales metric, revenue recognition will vary, with financial results to be announced on August 12, 2021.

IZEA Worldwide, Inc. (NASDAQ: IZEA) announced its inclusion in the Russell Microcap Index, effective June 28, 2021. This membership signifies a year-long position in the index, enhancing visibility and reflecting IZEA's positive momentum. The Russell indexes are essential benchmarks for investment strategies, with around $10.6 trillion in assets linked to them. CEO Ted Murphy highlighted this milestone as a critical aspect of IZEA's growth strategy, aiming to leverage the increased exposure to drive further business development.

IZEA Worldwide, Inc. (NASDAQ: IZEA) has received a $1 million contract expansion from a Fortune 500 consumer electronics manufacturer to enhance its influencer marketing services. This expansion contributes to a record-setting quarter for Managed Services bookings. Although revenue from this contract will primarily be recognized in Q3 and Q4, it will have little impact on Q2 revenue. CEO Ted Murphy highlighted the positive sales momentum and meaningful customer expansions as key achievements for the team.

IZEA Worldwide has launched an upgraded version of BrandGraph, integrating full support for TikTok and enhancing data tools within the IZEAx Unity Suite. Key features include:

• Full TikTok Support: Reports now include TikTok content for competitive benchmarking.
• BrandGraph Compare: Enables benchmarking across brands with detailed social media metrics.
• BrandGraph Themes: Connects various identifiers into singular concepts for insights.
• Creator Interests: Offers insights into brand-related content culture.
• BrandGraph 500: A real-time ranking list of top brands by social media content.

IZEA Worldwide has launched an updated version of its IZEAx Unity Suite, enhancing its influencer marketing platform with a focus on influencer discovery across major social channels including Facebook, Instagram, and TikTok. Key features include the introduction of Unity Profiles, integration of BrandGraph data, and new tools for Creator Relationship Management. The improvements provide marketers with predictive insights and benchmarking tools, enabling enhanced influencer selection and engagement. These updates are available now at no additional cost to existing customers.

IZEA Worldwide, Inc. (NASDAQ: IZEA) announced a streaming event on May 27, 2021, at 2:00 PM EST, where CEO Ted Murphy will discuss the latest advancements on the IZEA platform. This event showcases IZEA's commitment to enhancing its influencer marketing technology, which supports brands’ collaborations with social influencers and content creators. Since launching its first influencer marketing platform in 2006, IZEA has facilitated nearly 4 million transactions, emphasizing its role in the growing Creator Economy.

IZEA Worldwide reported Q1 2021 financial results, revealing a **13% increase** in total revenue to **$5.4 million**, up from **$4.8 million** in Q1 2020. Managed Services revenue surged **18%** to **$4.9 million**, while SaaS Services revenue dropped **21%** to **$504,000**. Despite a **32% reduction** in total costs and expenses, the net loss improved to **$2.0 million** from **$6.2 million** year-over-year. The company raised **$34.4 million** through security sales and ended the quarter with a cash balance of **$65.5 million**. Management expects continued growth in bookings and customer acquisition.

IZEA Worldwide, a leading influencer marketing technology provider, announced record bookings for April 2021, marking the best month in its 15-year history. The company secured contracts with two major tech firms and several other clients, driving a 60% year-over-year growth in Managed Services bookings for Q2 2021. These bookings already exceed the combined total of Q1, Q2, and Q3 2020. IZEA's CEO highlighted the quality of new clients as a testament to their leadership in the industry, showcasing their ability to provide effective influencer marketing solutions across various platforms.