Izea Worldwide Inc Stock Price, News & Analysis

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.

IZEA Worldwide, Inc. (NASDAQ: IZEA) will conduct a conference call on May 13, 2021 at 5:00 p.m. EDT to discuss its first quarter financial results. The call will feature Chairman and CEO Ted Murphy, CFO Peter Biere, and COO Ryan Schram. Participants can join via the toll-free number 1-877-300-8521 or internationally at 1-412-317-6026. A replay will be available post-call until May 20, 2021, using the toll-free replay number 1-844-512-2921. IZEA is a marketing technology company focusing on connecting brands and content creators, fostering the Creator Economy.

IZEA Worldwide has welcomed Spire Artists Management into its Talent Partner Program, enhancing its influencer marketing capabilities. Spire boasts over 80 years of combined experience in entertainment and marketing, with a team recognized for its achievements, including multiple awards. The partnership aims to leverage influencer collaboration, providing enhanced sponsorship opportunities and co-marketing initiatives. IZEA's CEO, Ted Murphy, emphasized the evolving landscape of digital brands and the importance of aligning with experienced management to optimize influencer marketing strategies.

IZEA Worldwide Welcomes Jabber Haus

On April 20, 2021, IZEA Worldwide, Inc. (NASDAQ: IZEA) announced the addition of Jabber Haus, a Los Angeles-based digital talent management agency, to its Talent Partner Program. Jabber Haus supports content creators through comprehensive consulting and campaign management services. This partnership aims to enhance sponsorship opportunities and align talent across key consumer sectors, including fashion, wellness, and fitness, thereby fostering growth for both companies.

IZEA Achieves Over 30% Year-Over-Year Growth in Managed Services Bookings

IZEA Worldwide, Inc. (NASDAQ: IZEA) reported a significant increase in Managed Services bookings, exceeding the total for Q2 2020 by over 30%. This growth follows a contract awarded by a Fortune 10 customer, which has doubled its budget with IZEA compared to the entirety of 2020. The company anticipates that Q2 2021 managed services bookings will surpass previous quarterly records, supported by two strong prior quarters.

IZEA Worldwide, Inc. has successfully raised approximately $35 million through the sale of 7,028,132 common shares at an average price of $4.98 each, as part of its At-The-Market (ATM) Offering. This brings the total gross proceeds raised since June 2020 to around $75 million, marking the full utilization of its shelf registration statement on Form S-3. National Securities Corporation served as the exclusive selling agent for the transaction, further solidifying IZEA's position in the influencer marketing sector.