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Stock impact report

IZEA Reports Q1 2024 Revenue of $7.0 million

IZEA Worldwide, Inc. (IZEA) 
NASDAQ:AMEX Investor Relations: izea.com/investors
Company Research Source: GlobeNewswire
ORLANDO, Fla., May 15, 2024 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of influencer marketing technology, data, and services for the Creator Economy, reported its financial and operational results for the first quarter ended March 31, 2024. Q1 2024 Financial Summary Compared to Q1 2023 Total revenue decreased 20.4% to $7.0 million, compared to $8.7 millionManaged Services revenue decreased 21.2% to $6.7 million, compared to $8.5 millionSaaS Services revenue increased 9.1% to $0.3 million, compared to $0.2 millionTotal costs and expenses decreased 9.1% to $11.0 million compared to $12.1 millionNet loss was $3.3 million compared to a net loss of $2.8 millionAdjusted EBITDA* for the quarter was $(2.8) million, compared to $(2.2) millionCash, cash equivalents, and investments on March 31, 2024 totaled $60.8 million with no long-term debt Q1 2024 Operational Highlights IZEA wins Gold at the 2024 Muse Creative AwardsReleased new iOS App, bri Show less Read more
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