Izea Worldwide Inc Stock Price, News & Analysis

IZEA Worldwide, Inc. appoints Katie Mellor as the new Head of Client Services, enhancing its leadership team. With nearly two decades in the marketing sector, Mellor previously led team operations at Latcha+Associates and held significant roles at WPP. Her expertise in brand marketing and influencer marketing is expected to drive strategic growth at IZEA. The company focuses on connecting brands with social influencers, having facilitated nearly 4 million transactions since launching its platform in 2006. This appointment continues to strengthen IZEA's capabilities in the growing Creator Economy.

IZEA Worldwide has announced a significant 47% increase in Managed Services bookings for Q4 2020 compared to the same period in 2019, driven by a new contract with a Fortune 100 retailer. Despite challenges posed by the pandemic, this growth has led to a 12% annualized increase in bookings since 2019. IZEA's Chairman and CEO, Ted Murphy, expressed optimism about the company’s momentum heading into 2021.

IZEA operates IZEAx, an online marketplace connecting marketers with content creators, facilitating influencer marketing.

IZEA Worldwide reported a record for Managed Services bookings in Q4 2020, marking the best performance in the company's history. Compared to Q4 2019, bookings increased by 40%. The company has secured numerous new contracts, with new customer counts more than doubling from Q3 to Q4. Their SaaS customer base also saw significant growth, largely attributed to their IZEAx Unity Suite. CEO Ted Murphy highlighted a diverse customer base, ranging from the U.S. Military to Fortune 10 retailers. Overall, the company is optimistic about continuing this momentum into 2021.

IZEA Worldwide announced the securing of a mid-six figure contract with a Fortune 500 Manufacturer, marking a significant boost in its influencer marketing spend. This client, an existing customer, has increased its annual commitment to IZEA, indicating a robust year-over-year growth trend. IZEA also reported surpassing its Q4 2019 managed services bookings, reflecting positive momentum despite ongoing COVID-19 challenges. CEO Ted Murphy highlighted the importance of repeat business and expressed optimism for continued growth into 2021.

IZEA Worldwide has reported a strong quarter for Q4 2020, with Managed Services bookings more than doubling from Q3 and exceeding figures from Q4 2019. The total SaaS customer base has reached a record high, driven by new self-service offerings. CEO Ted Murphy highlighted the company’s efforts to replace customers lost during the COVID-19 pandemic, achieving significant growth in new customers across various sectors. The company anticipates a 50% increase in monthly active customers compared to the start of the year, signaling a positive outlook for 2021.

IZEA Worldwide, Inc. has achieved a significant milestone with its BrandGraph platform, surpassing 8.5 million influencers and analyzing over 1 billion pieces of social media content. This growth has occurred in less than a year since its launch in March 2020. Recently, BrandGraph introduced Cryptocurrency and Celebrity Classifiers to enhance influencer marketing capabilities, tracking content related to leading cryptocurrencies and prominent celebrities. IZEA aims to leverage machine learning to further enrich its data analytics services, promising enhanced insights for brands.

IZEA Worldwide has launched its new marketplace, Shake, allowing registered users to transact digital services with social media influencers and content creators. The Shake platform aims to facilitate gig work for digital creators, with an average listing price of $1,642 and a competitive transaction fee of 15%. This initiative expands IZEA's reach beyond enterprise customers, promising significant growth potential in the influencer marketing sector, predicted to reach $15 billion by 2022. The launch signals a strategic shift aimed at enhancing creator opportunities and market diversity.

IZEA Worldwide, Inc. (NASDAQ: IZEA) reported a Q3 2020 revenue of $4.0 million, down 9% year-over-year. Managed Services revenue remained nearly flat at $3.5 million, while SaaS Services revenue fell 39% to $522,000. A net loss of $1.3 million was reported, widening from $1.2 million in Q3 2019. Adjusted EBITDA improved to $(0.7) million, a 42% enhancement. The company raised $10.3 million from a securities sale, ending the quarter with $30.6 million in cash. IZEA's focus remains on broadening its customer base and enhancing self-service offerings.

IZEA Worldwide has announced that its BrandGraph platform now analyzes over 7 million influencer accounts, a significant rise from 4.5 million since its launch in March 2020. The platform aggregates and analyzes content data, providing brands with insights into social media engagement, performance benchmarking, and influencer activity. With 870 million pieces of content indexed, BrandGraph offers unique metrics like engagement benchmarking and sentiment analysis, essential for marketers. The platform is integrated with Slack and Microsoft Teams for enhanced user experience.