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IZEA Worldwide (IZEA)
NASDAQ:IZEA
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.1Last Year’s EPS
-0.2Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 27, 2025
|% Change Since: 1.44%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in Managed Services and successful cost reduction measures, indicating positive operational adjustments and strategic focus. However, overall revenue declined slightly year-over-year, and net losses increased, driven by one-time charges and strategic restructuring. Despite these challenges, the company has positioned itself for improved profitability moving forward.Company Guidance
During the IZEA Worldwide, Inc. fourth quarter 2024 earnings call, significant emphasis was placed on strategic measures to enhance financial performance and streamline operations. The company reported a modest decline in annual revenues to $35.9 million, down 1% from 2023, primarily due to divesting non-profitable ventures like Hoozu and parting ways with a non-recurring customer. Despite these changes, Managed Services revenue grew by 16.3% when adjusted for these factors. Cost-cutting initiatives, including a 21% reduction in total personnel expenses and a decrease in contract labor, are expected to reduce cash burn and improve profitability. The fourth quarter saw a 23.7% increase in total revenue to approximately $11 million, driven by a 24% growth in Managed Services revenue. IZEA ended the year with $51.1 million in cash and investments, while implementing a $10 million share buyback program as a testament to their confidence in future growth. The company also reported a net loss of $18.9 million for the year due to strategic restructuring, but highlighted a positive outlook for 2025 with plans to focus on high-growth markets, simplify product offerings, and enhance customer experience.Managed Services Revenue Growth
Excluding revenues from divested Hoozu and a non-recurring customer, Managed Services revenue grew 16.3% in 2024 and 21.9% in Q4 2024 over the prior year period.
Successful Cost Reduction Measures
Implemented workforce reductions and cost-cutting measures resulted in $3.9 million in annualized personnel cost savings and $1.2 million in contract labor savings.
Strong Q4 Revenue Growth
Total Q4 2024 revenue was approximately $11 million, a 23.7% increase over the prior year quarter.
Increased Managed Services Bookings
Managed Services bookings grew 45% to $11 million in Q4 2024 compared to the prior year's fourth quarter, excluding Hoozu in both periods.
Strategic Business Focus and Leadership Changes
New strategic direction focusing on America-first, simplifying product experience, and reorganized leadership with new CEO and increased share buyback commitment to $10 million.
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IZEA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IZEA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 27, 2025 | $2.08 | $2.11 | +1.44% |
| Nov 14, 2024 | $2.86 | $2.90 | +1.40% |
| Aug 14, 2024 | $2.07 | $2.21 | +6.76% |
| May 15, 2024 | $3.24 | $3.10 | -4.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does IZEA Worldwide (IZEA) report earnings?
IZEA Worldwide (IZEA) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is IZEA Worldwide (IZEA) earnings time?
IZEA Worldwide (IZEA) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IZEA EPS forecast?
IZEA EPS forecast for the fiscal quarter 2025 (Q1) is -0.1.
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