IZEA Q3 2023 revenue falls 27% to $7.9M; net loss widens to $2.0M

IZEA Worldwide, Inc.

2024-Q3 EPS reported -$0.38 revenue$27,321,682

Revenue decreased 27.1% YoY to $7.9M from $10.8M; net loss was $2.0M vs $0.9M loss in Q3 2022.
Adjusted EBITDA was -$1.5M vs -$0.6M a year ago; total costs and expenses fell 13.3% to $10.5M.
Cash, cash equivalents and investments totaled $62.7M as of Sept 30, 2023, with no long-term debt.
Named 'Best Influencer Marketing Company' in 2023 MarTech Breakthrough Awards; expanded into South Korea market.

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 0.95

IZEA Worldwide, Inc. reported third quarter ended September 30, 2023 results: revenue $7.9 million, net income ($2.0 million).

Period: third quarter ended September 30, 2023
Revenue: $7.9 million
Net income: ($2.0 million)
Result: reported results

Exact text from the filing

IZEA Reports Q3 2023 Revenue of $7.9 million ORLANDO, FL (November 14, 2023) - IZEA Worldwide, Inc. (NASDAQ: IZEA ), a premier provider of influencer marketing technology, data, and services for the world’s leading brands, reported its financial and operational results for the third quarter ended September 30, 2023. Q3 2023 Financial Summary Compared to Q3 2022 • Total revenue decreased 27.1% to $7.9 million, compared to $10.8 million • Total costs and expenses decreased 13.3% to $10.5 million, compared to $12.2 million • Net loss was $2.0 million, compared to a net loss of $0.9 million

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IZEA Worldwide, Inc. filing history →

Source: SEC EDGAR

accession 0001495231-23-000217

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