IZEA Q4 2022 Managed Services bookings fall to $7.9M from $10.6M; drops low-margin client

IZEA Worldwide, Inc.

2023-FY EPS reported -$0.29 revenue$41,095,937

Managed Services bookings $7.9M in Q4 2022, down 25% from $10.6M in Q4 2021.
Parting ways with a large client with 40-50 bps lower margins; expects average margins to improve.
Carrying $7.8M revenue backlog for that client into 2023, expected to complete by year end.
Core clientele bookings (excluding client) grew both quarter and year at desired margin profile.
Managed Service sales generated record Q4 new opportunity pipeline.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IZEA Worldwide, Inc. reported financial results for fourth quarter ended December 31, 2022.

Period: fourth quarter ended December 31, 2022
Result: reported results

Exact text from the filing

On January 12, 2023, IZEA Worldwide, Inc. (the “Company”) issued a press release disclosing results of operations for its fourth quarter ended December 31, 2022.

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IZEA Worldwide, Inc. filing history →

Source: SEC EDGAR

accession 0001495231-23-000015

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