earnings
confidence high
sentiment positive
materiality 0.60
IZEA Q1 Managed Services bookings $9.3M, up 53% YoY; SaaS customer count at all-time high
IZEA Worldwide, Inc.
2024-Q1 EPS reported
-$0.20
revenue$6,952,883
- Managed Services bookings $9.3M in Q1 2024 vs $6.1M in Q1 2023, a 53% increase.
- Over 90% of bookings were organic, not from acquisitions, per CEO Ted Murphy.
- SaaS revenue recovering; Q1 2024 saw highest count of SaaS customers ever.
- Revenues from Managed Services bookings typically recognized over 7-9 months.