IZEA Q1 Managed Services Bookings $6.1M, down 50% YoY

IZEA Worldwide, Inc.

Q1 2023 Managed Services bookings totaled $6.1M, down from $12.1M in Q1 2022 (down ~50%).
Decline driven by unwinding of one large customer that had outsized impact in prior year.
Number of individual opportunities won in Q1 2023 was highest since Q1 2022; average deal size decreased.
Management notes softness in customer budgets; focusing on new customer accounts to diversify concentration risk.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

IZEA Worldwide, Inc. reported preliminary financial results for Q1 2023.

Period: Q1 2023
Result: preliminary results

Exact text from the filing

issued a press release disclosing its Q1 2023 Managed Services Bookings

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IZEA Worldwide, Inc. filing history →

Source: SEC EDGAR

accession 0001495231-23-000060

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