IZEA Q3 Managed Services Bookings $7.1M, down 14.5% YoY; ongoing customer bookings up 17.3%

IZEA Worldwide, Inc.

Q3 2023 Managed Services bookings of $7.1M, compared with $8.3M in Q3 2022.
Decline driven by parting with a large customer; excluding that customer, ongoing customer bookings grew $1M (+17.3%) YoY.
Company reported an all-time monthly high in pipeline creation in September 2023.
Bookings are recognized as revenue over approximately nine months on average; not a direct revenue indicator for the quarter.

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 financial results for third quarter of 2023.

Period: third quarter of 2023
Result: reported results

Exact text from the filing

recorded $7.1 million in bookings in the third quarter of 2023, compared with $8.3 million in the third quarter of 2022.

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IZEA Worldwide, Inc. filing history →

Source: SEC EDGAR

accession 0001495231-23-000192

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