IZEA Earnings Reports

IZEA Worldwide, Inc. reported a 10% increase in total revenue to $6.4 million for Q4 2020, driven by a 17% increase in Managed Services revenue. The company also saw substantial improvements in net loss and Adjusted EBITDA.

IZEA Worldwide, Inc. reported a 9% decrease in total revenue to $4.0 million compared to Q3 2019. However, the company saw improvements in both revenue and Adjusted EBITDA compared to the second quarter of 2020. The company ended the quarter with a strong cash balance of $30.6 million.

IZEA Worldwide Inc. reported a decrease in total revenue by 20% to $3.1 million compared to Q2 2019. The net loss was $1.8 million, slightly better than the $2.0 million loss in the previous year. Managed Services bookings increased by 50% compared to the prior-year quarter.

IZEA's Q1 2020 showed flat revenue year-over-year, with a 7% increase in Managed Services revenue offset by a 36% decrease in SaaS Services revenue. The company experienced a net loss of $6.2 million, primarily due to a $4.3 million impairment of goodwill. Despite challenges from COVID-19, the company saw a resurgence of bookings in mid-April.

IZEA's Q4 2019 total revenue decreased by 8% compared to Q4 2018, with Managed Services revenue increasing slightly but SaaS Services revenue declining significantly. The company experienced a net loss, and Adjusted EBITDA was negative. However, there was growth in Managed Services bookings and efficiency improvements.