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Dec 31, 2019
IZEA Q4 2019 Earnings Report
IZEA's Q4 2019 financial performance was reported, showing a mix of challenges and progress.
Key Takeaways
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.
Total revenue decreased by 8% year-over-year to $5.8 million.
Managed Services revenue increased by 2% year-over-year to $5.0 million.
SaaS Services revenue decreased by 43% year-over-year to $777,000.
Net loss was $2.3 million, compared to a net loss of $693,000 in the corresponding quarter of 2018.
Revenue by Segment
Forward Guidance
IZEA anticipates near-term implications for top-line revenue due to the Coronavirus pandemic, expecting a slowdown in bookings and revenue recognition. The company is implementing cost control measures, including hiring freezes and reductions, vendor reductions, and marketing spend adjustments. IZEA is also exploring government-provided small business disruption loans.
Challenges Ahead
- Potential decline in top-line revenue due to the Coronavirus pandemic.
- Expected slowdown in bookings and revenue recognition.
- Uncertainty related to stay-at-home orders and remote work collaboration.
- Hiring freeze and employee reductions.
- Reduction or elimination of contractors and vendors.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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