IZEA Worldwide, Inc.

IZEA Worldwide, Inc.

IZEA·NASDAQ

$3.74

-1.7%
Communication ServicesInternet Content & Information

IZEA Worldwide, Inc., together with its subsidiaries, creates and operates online marketplaces that connect marketers and content creators. Its technology solutions enable the management of content workflow, creator search and targeting, bidding, analytics, and payment processing. The company uses its platform to manage influencer marketing campaigns on behalf of the company's marketers. It primarily sells influencer marketing and custom content campaigns through sales team and platforms, as well as IZEA Exchange BrandGraph, and Shake platforms. The company was formerly known as IZEA, Inc. and changed its name to IZEA Worldwide, Inc. in August 2018. IZEA Worldwide, Inc. was founded in 2006 and is headquartered in Orlando, Florida.

At a Glance

Live Snapshot
Market Cap$65.50M
EPS0.0025
P/E Ratio1496.00
Earnings Date08/12/2026

Earnings Call Transcript

IZEA • 2024 • Q1

Operator
: Good day, ladies and gentlemen, and welcome to I
Ryan Schram
Good afternoon, everyone, and welcome to I
Peter Biere
 Thank you, Ryan, and good afternoon, everyone. I'll review operating results for the quarter ended March 31, 2024, compared to the prior year's quarter and discuss certain balance sheet highlights. We saw strong demand for managed services during the first quarter of 2024, resulting in a 53% lift in bookings over the prior year quarter and the highest total in 7 quarters. This demand will begin to show in revenues over the next several quarters, and we believe bodes well for our growth resurgence. Managed Services bookings for the first quarter of 2024 totaled $9.3 million compared to $6.1 million for the prior year's first quarter, a 53% increase. The increase was primarily due to a strong sales pipeline that has been building over the past 6 months, both in the quantity of opportunities created and the dollar value of those opportunities. In Q1, the new opportunity dollar amount was up 105% year-over-year, which bodes well for coming quarters. A percentage of our new opportunity pipeline converts into bookings, which subsequently convert into revenue. As a reminder, I
Ryan Schram
Thanks, Peter. Our management remarks will be rather concise this quarter, given that our most recent call with you was just about 6 weeks ago. In Q1, managed service bookings at I
Edward Murphy
Thank you, Ryan. We are excited about the organic growth in bookings and continued potential we are seeing in managed services, along with the beginning of a recovery cycle with SaaS. In December, we successfully acquired  Hoozu and
Operator
Thank you, sir. At this point, we have no questions from the lines. I will now hand over to Ryan Schram for closing remarks.
Ryan Schram
[Indiscernible] And our latest press releases at izea.com/investors. Have a great evening.
Transcript from May 15, 2024

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