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IZEA Worldwide (IZEA)
NASDAQ:IZEA
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.1Last Year’s EPS
-$0.09Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -14.34%
|Next Earnings Date:Mar 27, 2025
Earnings Call Sentiment|Neutral
The earnings call indicates a mixed performance for IZEA in Q3 2024. Highlights include revenue growth, significant new business wins, and technological advancements. However, these are counterbalanced by increased expenses, a substantial net loss, and goodwill impairment. The sentiment is neutral, reflecting both positive developments and significant challenges.Company Guidance
During the third quarter of 2024, IZEA Worldwide, Inc. reported a total revenue of approximately $8.8 million, marking a 12% increase from the previous year, with a 27% growth excluding a large nonrecurring customer. The demand for managed services rose by 11% to $7.9 million, although this was slightly lower than the first half of the year. The Managed Services backlog stood at $14.6 million, indicating a $1 million decrease from the second quarter but a $3.4 million increase year-to-date. Meanwhile, SaaS Services revenue saw a substantial increase to $206,000 from $57,000 in the prior year. Despite the positive revenue trends, expenses surged, leading to a net loss of $8.8 million, or negative $0.52 per share, compared to a $2 million loss from the previous year. Adjusted EBITDA was negative $2.8 million. The company had $54.4 million in cash and investments, reflecting a $2.1 million decrease, and executed a share buyback program, purchasing 51,503 shares at an average price of $2.74.Revenue Growth
Total revenue for Q3 2024 was $8.8 million, a 12% increase from the prior year. Excluding a large nonrecurring customer, revenue grew by 27% compared to the prior year.
Managed Services Demand
Managed Services revenue increased by 10% to $8.6 million compared to Q3 2023. Excluding nonrecurring customers, the growth was 25%.
SaaS Services Revenue Increase
SaaS Services revenue totaled $206,000 in Q3 2024, a significant increase from $57,000 in the prior year quarter.
New Business Wins
The company won new business from major clients like Nestle, Danone, Coursera, and NHTSA.
AI Innovation
Launched IZZY, an AI assistant for marketers, enhancing creator campaign decisions.
Cultural Recognition
Received several awards for being a great workplace, including Great Place to Work and PR Daily Top Agencies.
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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 |
|---|---|---|---|
| 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% |
| Apr 01, 2024 | $2.18 | $2.39 | +9.63% |
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 Mar 27, 2025, TBA Not Confirmed.
What is IZEA Worldwide (IZEA) earnings time?
IZEA Worldwide (IZEA) earnings time is at Mar 27, 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 2024 (Q4) is -$0.1.
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