IZEA Q1 2023 revenue $8.7M, net loss $2.8M, revenue down 2% YoY

IZEA Worldwide, Inc.

2024-Q1 EPS reported -$0.18 revenue$8,737,722

Revenue $8.7M, down 2% YoY; Managed Services +2% to $8.5M, SaaS -55% to $0.2M.
Net loss $2.8M vs $2.5M in Q1 2022; Adj. EBITDA -$2.2M vs -$2.1M.
Cash & investments $67.5M, no long-term debt.
Launched IZEA Flex platform with generative AI Storyboards and cloud storage modules.
No guidance issued; Q1 results show continued operating losses and declining SaaS revenue.

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 0.9

IZEA Worldwide, Inc. reported first quarter ended March 31, 2023 results: revenue $8.7 million, net income Net loss was $2.8 million.

Period: first quarter ended March 31, 2023
Revenue: $8.7 million
Net income: Net loss was $2.8 million
Result: reported results

Exact text from the filing

Total revenue decreased 2% to $8.7 million, compared to $8.9 million • Managed Services revenue increased 2% to $8.5 million, compared to $8.4 million • SaaS Services revenue decreased 55% to $0.2 million, compared to $0.5 million • Total costs and expenses increased 7% to $12.1 million compared to $11.3 million • Net loss was $2.8 million compared to a net loss of $2.5 million

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

IZEA Worldwide, Inc. filing history →

Source: SEC EDGAR

accession 0001495231-23-000089

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