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Stock impact report

IZEA Reports Q1 2024 Revenue of $7.0 million [Yahoo! Finance]

IZEA Worldwide, Inc. (IZEA) 
NASDAQ:AMEX Investor Relations: izea.com/investors
Company Research Source: Yahoo! Finance
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 million Managed Services revenue decreased 21.2% to $6.7 million, compared to $8.5 million SaaS Services revenue increased 9.1% to $0.3 million, compared to $0.2 million Total costs and expenses decreased 9.1% to $11.0 million compared to $12.1 million Net loss was $3.3 million compared to a net loss of $2.8 million Adjusted EBITDA* for the quarter was $(2.8) million, compared to $(2.2) million Cash, 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 Awards Released new iOS App, bringing generative AI tools to mobile users CEO Ted Murphy named among the 2024 People of the Year by Ragan IZEA-owned Hoozu honored as Show less Read more
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