secwatch.observer — SEC 8-K summary
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Issuer:     IZEA Worldwide, Inc. (IZEA)
CIK:        0001495231
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001495231-24-000082
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IZEA Q1 revenue down 20.4% to $7.0M; net loss widens to $3.3M
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- Total revenue $7.0M vs $8.7M in Q1 2023, down 20.4%.
- Managed Services revenue fell 21.2% to $6.7M; SaaS revenue up 9.1% to $0.3M.
- Net loss $3.3M vs $2.8M; Adjusted EBITDA loss $(2.8)M vs $(2.2)M.
- Cash and investments $60.8M, no long-term debt.
- Operational highlights: Gold at Muse Creative Awards, new iOS app with AI.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495231/000149523124000082/0001495231-24-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495231/000149523124000082/izea-20240515.htm
  HTML page:      https://secwatch.observer/filing/0001495231-24-000082

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