secwatch.observer — SEC 8-K summary
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Issuer:     IZEA Worldwide, Inc. (IZEA)
CIK:        0001495231
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0001495231-23-000192
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495231/000149523123000192/0001495231-23-000192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495231/000149523123000192/izea-20231010.htm
  HTML page:      https://secwatch.observer/filing/0001495231-23-000192

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer