IZEA Announces Best Q4 Managed ServicesBookings in Company History
IZEA Worldwide, Inc. reported a record-breaking Managed Services bookings of $39.5 million for the full year 2021, an increase of $22.2 million from 2020. The company achieved its best Q4 in history with bookings of $10.6 million, up 62% year-over-year. IZEA has expanded its customer base significantly and anticipates continued revenue growth in 2022, supported by a strong pipeline and approximately $75 million in cash. The management emphasizes ongoing investments in sales, technology, and marketing to capitalize on the growing influencer marketing sector.
- Managed Services bookings increased by $22.2 million to $39.5 million for 2021.
- Q4 2021 bookings reached $10.6 million, a 62% rise from Q4 2020.
- Introduced a new record for the number of customers licensing software.
- Strong balance sheet with approximately $75 million in cash.
- Plans to invest in sales, technology, and marketing throughout 2022.
- None.
Annual Managed Services Bookings Increase
Orlando, Florida, Jan. 10, 2022 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of influencer marketing technology, data, and services for the world’s leading brands, announced today that it set a Managed Services bookings record for the best Q4 in company history. The announcement is the latest in a string of records for the company. In 2021, IZEA set new managed services bookings records in Q1, Q2, and Q3, with the most recent quarter being a capstone to a remarkable year of growth for the company.
IZEA set its last record for the best Q4 managed services bookings in company history in 2020. That year, the company saw managed services bookings of
“Team IZEA has delivered an incredibly strong Q4 on multiple fronts,” said Ted Murphy, IZEA’s Chairman and CEO. “Not only did we top our record-breaking 2020 managed services bookings number in 2021, we have also set a new record for the number of customers licensing our software.”
“We added a significant number of new customers both large and small in 2021,” continued Murphy. “We are also benefiting from meaningful spending increases from key accounts, some of which expanded their commitments by millions of dollars in the year. The investments that we have made to provide the highest quality software and services are earning us more opportunities to win and expand relationships with brands and agencies. We are very well positioned for revenue growth in 2022 and exited 2021 with strong pipeline momentum.”
“IZEA ended the year with a strong balance sheet and approximately
Bookings are a measure of all sales orders minus any known cancellations or refunds with respect to such sales orders or refunds. Management uses bookings to inform expectations of total sales activity. Bookings are not always an indicator of revenue for the quarter and could be subject to future adjustments. Revenue from Managed Services bookings are typically recognized over nine months on average.
About IZEA Worldwide, Inc.
IZEA Worldwide, Inc. (“IZEA”) operates IZEAx, the premier online marketplace that connects marketers with content creators. IZEAx automates influencer marketing and custom content development, allowing brands and agencies to scale their marketing programs. IZEA creators include celebrities and accredited journalists. Creators are compensated for producing unique content such as long and short-form text, videos, photos, status updates, and illustrations for marketers or distributing such content on behalf of marketers through their personal websites, blogs, and social media channels. Marketers receive influential content and engaging, shareable stories that drive awareness. For more information about IZEA, visit https://izea.com/.
Safe Harbor Statement
All statements in this release that are not based on historical fact are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “may,” “will,” “would,” “could,” “should,” “expect,” “anticipate,” “hope,” “estimate,” “believe,” “intend,” "likely," "projects," “plans,” "pursue," "strategy" or "future," or the negative of these words or other words or expressions of similar meaning. Examples of forward-looking statements include, among others, statements we make regarding expectations concerning IZEA’s ability to increase revenue and bookings, growth or maintenance of customer relationships, and expectations concerning IZEA’s business strategy. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including, among others, the following: competitive conditions in the content and social sponsorship segment in which IZEA operates; failure to popularize one or more of the marketplace platforms of IZEA; our ability to establish effective disclosure controls and procedures and internal control over financial reporting; our ability to satisfy the requirements for continued listing of our common stock on the Nasdaq Capital Market; changing economic conditions that are less favorable than expected; and other risks and uncertainties described in IZEA’s periodic reports filed with the Securities and Exchange Commission. The forward-looking statements made in this release speak only as of the date of this release, and IZEA assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.
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