IZEA Reports Q2 2024 Revenue of $9.1 Million
IZEA Worldwide, Inc. (NASDAQ: IZEA) reported Q2 2024 financial results with total revenue decreasing 14.9% to $9.1 million compared to Q2 2023. Managed Services revenue declined 16.6% to $8.9 million, while SaaS Services revenue grew 244.3% to $0.2 million. The company reported a net loss of $2.2 million and Adjusted EBITDA of $(1.6) million.
Despite the overall revenue decrease, IZEA saw record Managed Services bookings of $10.3 million, up from $7.3 million in Q2 2023. Excluding a non-recurring customer, Managed Services revenue grew 21.7% year-over-year. The company ended Q2 with a record number of active SaaS customers and expects year-over-year growth in coming quarters. IZEA's cash and investments totaled $56.5 million with no long-term debt.
IZEA Worldwide, Inc. (NASDAQ: IZEA) ha riportato i risultati finanziari del secondo trimestre 2024, con un calo del fatturato totale del 14,9% a 9,1 milioni di dollari rispetto al secondo trimestre 2023. I ricavi dei Servizi Gestiti sono diminuiti del 16,6% a 8,9 milioni di dollari, mentre i ricavi dei Servizi SaaS sono aumentati del 244,3% a 0,2 milioni di dollari. L'azienda ha riportato una perdita netta di 2,2 milioni di dollari e un EBITDA rettificato di $(1,6) milioni.
Nonostante il calo complessivo del fatturato, IZEA ha registrato prenotazioni record per i Servizi Gestiti di 10,3 milioni di dollari, in aumento rispetto ai 7,3 milioni di dollari del secondo trimestre 2023. Escludendo un cliente non ricorrente, i ricavi dei Servizi Gestiti sono cresciuti del 21,7% anno su anno. L'azienda ha chiuso il secondo trimestre con un numero record di clienti attivi SaaS e si aspetta una crescita anno su anno nei prossimi trimestri. Il totale di liquidità e investimenti di IZEA ammontava a 56,5 milioni di dollari senza debiti a lungo termine.
IZEA Worldwide, Inc. (NASDAQ: IZEA) reportó resultados financieros del segundo trimestre de 2024, con una disminución del 14,9% en ingresos totales a 9,1 millones de dólares en comparación con el segundo trimestre de 2023. Los ingresos por Servicios Administrados cayeron un 16,6% a 8,9 millones de dólares, mientras que los ingresos por Servicios SaaS crecieron un 244,3% a 0,2 millones de dólares. La compañía reportó una pérdida neta de 2,2 millones de dólares y un EBITDA ajustado de $(1,6) millones.
A pesar de la disminución general de ingresos, IZEA vio reservas récord de Servicios Administrados de 10,3 millones de dólares, por encima de los 7,3 millones de dólares en el segundo trimestre de 2023. Excluyendo un cliente no recurrente, los ingresos por Servicios Administrados crecieron un 21,7% en comparación anual. La compañía cerró el segundo trimestre con un número récord de clientes SaaS activos y espera un crecimiento interanual en los próximos trimestres. El efectivo y las inversiones de IZEA totalizaron 56,5 millones de dólares sin deuda a largo plazo.
IZEA Worldwide, Inc. (NASDAQ: IZEA)는 2024년 2분기 재무 결과를 보고하며 총 수익이 14.9% 감소한 910만 달러라고 발표했습니다. 관리 서비스 수익은 16.6% 감소하여 890만 달러에 그쳤고, SaaS 서비스 수익은 244.3% 증가하여 20만 달러에 달했습니다. 이 회사는 220만 달러의 순손실과 조정 EBITDA가 $(160만)이라고 보고했습니다.
전체 수익 감소에도 불구하고, IZEA는 관리 서비스 예약이 1030만 달러로 기록을 경신하여 2023년 2분기 730만 달러에서 증가했습니다. 비정기 고객을 제외하면 관리 서비스 수익은 전년 대비 21.7% 증가했습니다. 이 회사는 2분기를 기록적인 SaaS 활성 고객 수로 마감했으며, 향후 분기 동안 연간 성장세를 기대하고 있습니다. IZEA의 현금 및 투자 총액은 5650만 달러로 장기부채는 없습니다.
IZEA Worldwide, Inc. (NASDAQ: IZEA) a publié ses résultats financiers pour le deuxième trimestre 2024, affichant une diminution du chiffre d'affaires total de 14,9% à 9,1 millions de dollars par rapport au deuxième trimestre 2023. Les revenus des Services Gérés ont baissé de 16,6% à 8,9 millions de dollars, tandis que les revenus des Services SaaS ont augmenté de 244,3% à 0,2 million de dollars. L'entreprise a annoncé une perte nette de 2,2 millions de dollars et un EBITDA ajusté de $(1,6) million.
Malgré la diminution générale des revenus, IZEA a enregistré des réservations record en Services Gérants de 10,3 millions de dollars, contre 7,3 millions de dollars lors du deuxième trimestre 2023. En excluant un client non récurrent, les revenus des Services Gérants ont augmenté de 21,7% d'une année sur l'autre. L'entreprise a clos le deuxième trimestre avec un nombre record de clients actifs SaaS et s'attend à une croissance d'une année sur l'autre dans les trimestres à venir. Les liquidités et les investissements d'IZEA totalisaient 56,5 millions de dollars sans dettes à long terme.
IZEA Worldwide, Inc. (NASDAQ: IZEA) hat die Finanzzahlen für das 2. Quartal 2024 veröffentlicht, mit einem Rückgang des Gesamtumsatzes um 14,9% auf 9,1 Millionen US-Dollar im Vergleich zum 2. Quartal 2023. Der Umsatz aus Managed Services sank um 16,6% auf 8,9 Millionen US-Dollar, während der Umsatz aus SaaS-Diensten um 244,3% auf 0,2 Millionen US-Dollar anstieg. Das Unternehmen berichtete von einem Nettoverlust von 2,2 Millionen US-Dollar sowie einem bereinigten EBITDA von $(1,6) Millionen.
Trotz des allgemeinen Rückgangs des Umsatzes verzeichnete IZEA Rekordbuchungen im Bereich Managed Services von 10,3 Millionen US-Dollar, was einem Anstieg von 7,3 Millionen US-Dollar im 2. Quartal 2023 entspricht. Ohne einen nicht wiederkehrenden Kunden wuchsen die Einnahmen aus Managed Services im Jahresvergleich um 21,7%. Das Unternehmen schloss das 2. Quartal mit einer rekordverdächtigen Anzahl aktiver SaaS-Kunden ab und erwartet in den kommenden Quartalen ein Wachstum im Jahresvergleich. Die liquiden Mittel und Investitionen von IZEA beliefen sich auf 56,5 Millionen US-Dollar, ohne langfristige Schulden.
- Record Managed Services bookings of $10.3 million, up from $7.3 million in Q2 2023
- SaaS Services revenue increased by 244.3% to $0.2 million
- Managed Services revenue grew 21.7% year-over-year, excluding non-recurring customer
- Record number of active SaaS customers at the end of Q2
- Strong cash position of $56.5 million with no long-term debt
- Total revenue decreased 14.9% to $9.1 million compared to Q2 2023
- Managed Services revenue decreased 16.6% to $8.9 million
- Net loss increased to $2.2 million from $1.0 million in Q2 2023
- Adjusted EBITDA loss widened to $1.6 million from $0.6 million in Q2 2023
Insights
IZEA's Q2 2024 results reveal a mixed financial picture. The 14.9% decrease in total revenue to
The 244.3% increase in SaaS Services revenue is impressive, albeit from a small base. This growth, coupled with record active SaaS customers, suggests potential for future revenue diversification. The
However, the widening net loss and adjusted EBITDA are red flags. Investors should monitor whether increased investments in sales and marketing translate into sustained revenue growth in coming quarters.
IZEA's technological advancements are noteworthy. The launch of IZZY, an AI assistant for influencer marketing, demonstrates the company's commitment to innovation in the Creator Economy space. This aligns with the industry trend of leveraging AI to enhance marketing efficiency and effectiveness.
The significant growth in SaaS Services revenue and record number of active SaaS customers indicate strong market reception for IZEA's tech offerings. The fact that the majority of these customers are actively using IZEA's AI tools suggests a successful product-market fit.
The inclusion of IZEA Flex and FormAI on PR Daily's 2024 PR Tech Hot List further validates the company's technological prowess. However, to fully capitalize on these innovations, IZEA needs to accelerate the conversion of tech advancements into substantial revenue growth, particularly in the SaaS segment.
IZEA's Q2 results reflect both challenges and opportunities in the influencer marketing sector. The 41% increase in Managed Services bookings to
The company's success with the "Barbie" movie campaign, winning multiple Viddy Awards, showcases its ability to execute high-profile influencer campaigns effectively. This could be a strong selling point for attracting new clients in the competitive influencer marketing landscape.
However, the overall revenue decline suggests potential market share challenges or pricing pressures. IZEA's focus on AI integration and SaaS offerings could be a strategic move to differentiate in a crowded market. The key will be translating these technological advantages into sustained revenue growth and improved profitability in the coming quarters.
ORLANDO, Fla., Aug. 14, 2024 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), a premier provider of influencer marketing technology, data, and services for the Creator Economy, reported its financial and operational results for the second quarter ended June 30, 2024.
Q2 2024 Financial Summary Compared to Q2 2023
- Total revenue decreased
14.9% to$9.1 million , compared to$10.7 million - Managed Services revenue decreased
16.6% to$8.9 million , compared to$10.6 million - SaaS Services revenue increased
244.3% to$0.2 million , compared to$0.1 million - Total costs and expenses decreased
3.1% to$12.0 million compared to$12.4 million - Net loss was
$2.2 million compared to a net loss of 1.0 million - Adjusted EBITDA* for the quarter was
$(1.6) million , compared to$(0.6) million - Cash, cash equivalents, and investments on June 30, 2024 totaled
$56.5 million with no long-term debt
Q2 2024 Operational Highlights
- Won multiple Viddy Awards for the “Barbie” movie campaign, including Best Influencer Marketing
- Landed on PR Daily’s 2024 PR Tech Hot List for SaaS tools, including IZEA Flex and FormAI
- Unveiled IZZY, an AI assistant for influencer marketing, and launched in a private beta
- Won Top Place to Work at Ragan’s Workplace Wellness Awards
- Certified as a 2024 Great Place to Work
* Adjusted EBITDA is a non-GAAP financial measure. Refer to the definition and reconciliation of this measure under “Use of Key Metrics and Non-GAAP Financial Measures.”
Management Commentary
“We saw another record quarter for managed services bookings in Q2 and are beginning to see the results of strong demand in our revenues,” commented Ted Murphy, Founder and CEO. “Disregarding revenues from a non-recurring customer that we parted ways with in 2023, Managed Services revenue grew a healthy
“Managed services continue to generate the vast majority of our revenue,” continued Murphy. “However, we continue to see a promising resurgence in our tech-enabled SaaS business. We concluded Q2 with a new all-time record number of active SaaS customers, a positive trend that has persisted into the third quarter.”
Q2 2024 Financial Results
Total revenue in the second quarter of 2024 decreased
Managed Services bookings increased to
Revenue from SaaS Services increased by
Cost of revenue decreased to
Costs and expenses other than the cost of revenue totaled
Net loss in the second quarter of 2024 was
Adjusted EBITDA (as defined below, a non-GAAP measure management uses as a proxy for operating cash flow) totaled a loss of
As of June 30, 2024, our cash and investments totaled
Conference Call
IZEA will hold a conference call to discuss its second quarter 2024 results on Wednesday, August 14, 2024, at 5:00 p.m. EDT. IZEA's Chairman and CEO Ted Murphy, CFO Peter Biere, and COO Ryan Schram will host the call, followed by a question and answer period.
Date: Wednesday, August 14, 2024
Time: 5:00 p.m. EDT
Toll-free dial-in number: 1-877-407-4018
International dial-in number: 1-201-689-8471
Please call the conference telephone number five (5) minutes before the start time. An operator will register your name and organization. A call replay will be made available approximately 3 hours after the conference ends until Wednesday, August 21, 2024, at 11:59 p.m. EDT.
Toll-free replay number: 1-844-512-2921
International replay number: 1-412-317-6671
Replay ID: 13747862
About IZEA Worldwide, Inc.
IZEA Worldwide, Inc. (“IZEA”), is a marketing technology company providing software and professional services that enable brands to collaborate and transact with the full spectrum of today’s top social influencers and content creators. The company serves as a champion for the growing Creator Economy, enabling individuals to monetize their content, creativity, and influence. IZEA launched the industry’s first-ever influencer marketing platform in 2006 and has since facilitated nearly 4 million transactions between online buyers and sellers. Leading brands and agencies partner with IZEA to increase digital engagement, diversify brand voice, scale content production, and drive a measurable return on investment.
Use of Key Metrics and Non-GAAP Financial Measures
Managed Services bookings measure all sales orders received during a period less cancellations received or refunds given during the same period. Sales order contracts vary in complexity with each customer and range from custom content delivery to integrated marketing services; our contracts generally run from several months for smaller contracts to twelve months for larger contracts. We recognize revenue from our Managed Services contracts based on a percentage of completion basis as we deliver the content or services over time, which can vary greatly from a few weeks to a year. For this reason, Managed Services bookings, while an overall indicator of the health of our business, may not be used to predict quarterly revenues and could be subject to future adjustments.
Managed Services bookings is a useful metric as it reflects the amount of orders received in one period, even though revenue may be reflected over time. Management uses the Managed Services bookings metric to plan its operating staff, identify key customer group trends, enlighten go-to-market activities, and inform its product development efforts.
"Adjusted EBITDA" is a non-GAAP financial measure under the Securities and Exchange Commission rules. EBITDA is commonly defined as "earnings before interest, taxes, depreciation, and amortization." IZEA defines “Adjusted EBITDA” as earnings or loss before interest, taxes, depreciation and amortization, non-cash stock-based compensation, gain or loss on asset disposals or impairment, and certain other unusual or non-cash income and expense items such as gains or losses on settlement of liabilities and exchanges, and changes in the fair value of derivatives, if applicable.
We believe that Adjusted EBITDA provides useful information to investors as it primarily excludes non-cash transactions, and it provides consistency to facilitate period-to-period comparisons.
All companies do not calculate bookings and Adjusted EBITDA in the same manner. These metrics and financial measures, as presented by IZEA, may not be comparable to those presented by other companies. Moreover, these metrics and financial measures have limitations as analytical tools. You should not consider them in isolation or as a substitute for an analysis of our results of operations as reported under GAAP. A reconciliation of adjusted EBITDA to the most directly comparable GAAP measure is presented in the financial tables included in this press release.
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,” “optimistic,” “believe,” “intend,” “ought to,” "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 product development and platform launches, future financial performance and operating results, including regarding recognition of bookings as revenues, the share repurchase authorization and any use of such authorization, 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 maintain 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.
Press Contact
Nicole O'Hara
IZEA Worldwide, Inc.
Phone: 407-674-6911
Email: ir@izea.com
| IZEA Worldwide, Inc. Unaudited Consolidated Balance Sheets | |||||||
| June 30, 2024 | December 31, 2023 | ||||||
| Assets | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 44,301,866 | $ | 37,446,728 | |||
| Accounts receivable, net | 5,617,269 | 5,012,373 | |||||
| Prepaid expenses | 1,046,154 | 739,988 | |||||
| Short term investments | 11,286,453 | 17,126,057 | |||||
| Other current assets | 43,451 | 26,257 | |||||
| Total current assets | 62,295,193 | 60,351,403 | |||||
| Property and equipment, net of accumulated depreciation | 155,835 | 205,377 | |||||
| Goodwill | 5,281,888 | 5,280,372 | |||||
| Intangible assets, net of accumulated depreciation | 1,624,951 | 1,749,441 | |||||
| Digital assets | 243,020 | 162,905 | |||||
| Software development costs, net of accumulated amortization | 2,241,437 | 2,056,972 | |||||
| Long term investments | 897,027 | 9,618,996 | |||||
| Total assets | $ | 72,739,351 | $ | 79,425,466 | |||
| Liabilities and Stockholders’ Equity | |||||||
| Current liabilities: | |||||||
| Accounts payable | 1,306,266 | 1,504,348 | |||||
| Accrued expenses | 3,161,829 | 3,083,460 | |||||
| Contract liabilities | 7,176,694 | 8,891,205 | |||||
| Contingent liability | — | 114,400 | |||||
| Total current liabilities | 11,644,789 | 13,593,413 | |||||
| Finance obligation, less current portion | 33,727 | 63,419 | |||||
| Deferred purchase price, less current portion | — | 60,600 | |||||
| Deferred tax liability | 287,002 | 394,646 | |||||
| Total liabilities | 11,965,518 | 14,112,078 | |||||
| Commitments and Contingencies | — | — | |||||
| Stockholders’ equity: | |||||||
| Preferred stock; $.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding | — | — | |||||
| Common stock; | 1,677 | 1,660 | |||||
| Treasury stock at cost: 365,855 and 365,855 shares at June 30, 2024 and December 31, 2023, respectively | (1,019,997 | ) | (1,019,997 | ) | |||
| Additional paid-in capital | 152,809,711 | 152,027,110 | |||||
| Accumulated deficit | (90,905,472 | ) | (85,444,794 | ) | |||
| Accumulated other comprehensive income (loss) | (112,086 | ) | (250,591 | ) | |||
| Total stockholders’ equity | 60,773,833 | 65,313,388 | |||||
| Total liabilities and stockholders’ equity | $ | 72,739,351 | $ | 79,425,466 | |||
| IZEA Worldwide, Inc. Unaudited Consolidated Statements of Operations | ||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||
| Revenue | $ | 9,093,816 | $ | 10,689,059 | $ | 16,046,699 | $ | 19,426,781 | ||||||
| Costs and expenses: | ||||||||||||||
| Cost of revenue | 5,177,600 | 6,254,517 | 9,145,575 | 12,214,679 | ||||||||||
| Sales and marketing | 3,206,979 | 2,831,949 | 6,263,270 | 5,236,500 | ||||||||||
| General and administrative | 3,372,797 | 3,167,941 | 7,155,883 | 6,571,549 | ||||||||||
| Depreciation and amortization | 225,748 | 110,432 | 429,934 | 456,694 | ||||||||||
| Total costs and expenses | 11,983,124 | 12,364,839 | 22,994,662 | 24,479,422 | ||||||||||
| Loss from operations | (2,889,308 | ) | (1,675,780 | ) | (6,947,963 | ) | (5,052,641 | ) | ||||||
| Other income (expense): | ||||||||||||||
| Change in the fair value of digital assets | (26,043 | ) | — | 80,116 | — | |||||||||
| Interest expense | (1,999 | ) | (3,155 | ) | (4,000 | ) | (4,719 | ) | ||||||
| Other income (expense), net | 634,226 | 645,509 | 1,304,091 | 1,217,595 | ||||||||||
| Total other income (expense), net | 606,184 | 642,354 | 1,380,207 | 1,212,876 | ||||||||||
| Net loss before income taxes | $ | (2,283,124 | ) | $ | (1,033,426 | ) | $ | (5,567,756 | ) | $ | (3,839,765 | ) | ||
| Tax benefit | 88,296 | — | 107,078 | — | ||||||||||
| Net loss | (2,194,828 | ) | (1,033,426 | ) | (5,460,678 | ) | (3,839,765 | ) | ||||||
| Weighted average common shares outstanding – basic and diluted | 16,437,460 | 15,520,700 | 16,470,467 | 15,551,785 | ||||||||||
| Basic and diluted loss per common share | $ | (0.13 | ) | $ | (0.07 | ) | $ | (0.33 | ) | $ | (0.25 | ) | ||
| IZEA Worldwide, Inc. Unaudited Consolidated Statements of Comprehensive Loss | |||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
| 2024 | 2023 | 2024 | 2023 | ||||||||||||
| Net loss | $ | (2,194,828 | ) | $ | (1,033,426 | ) | $ | (5,460,678 | ) | $ | (3,839,765 | ) | |||
| Other comprehensive income | |||||||||||||||
| Unrealized (gain) loss on securities held | (92,630 | ) | (10,100 | ) | (150,807 | ) | (136,280 | ) | |||||||
| Unrealized (gain) loss on currency translation | 16,472 | — | 12,302 | — | |||||||||||
| Total other comprehensive income (loss) | (76,158 | ) | (10,100 | ) | (138,505 | ) | (136,280 | ) | |||||||
| Total comprehensive income (loss) | $ | (2,118,670 | ) | $ | (1,023,326 | ) | $ | (5,322,173 | ) | $ | (3,703,485 | ) | |||
| IZEA Worldwide, Inc. Revenue Details | ||||||||||||||||
| Revenue details by type: | ||||||||||||||||
| Three Months Ended June 30, | ||||||||||||||||
| 2024 | 2023 | $ Change | % Change | |||||||||||||
| Managed Services Revenue | $ | 8,850,463 | 97.3 | % | $ | 10,618,381 | 99.3 | % | $ | (1,767,918 | ) | (16.6)% | ||||
| SaaS Services Revenue | 243,353 | 2.7 | % | 70,678 | 0.7 | % | 172,675 | 244.3 | % | |||||||
| Total Revenue | $ | 9,093,816 | 100.0 | % | $ | 10,689,059 | 100.0 | % | $ | (1,595,243 | ) | (14.9)% | ||||
| Six Months Ended June 30, | ||||||||||||||||
| 2024 | 2023 | $ Change | % Change | |||||||||||||
| Managed Services Revenue | $ | 15,547,005 | 96.9 | % | $ | 19,121,135 | 98.4 | % | $ | (3,574,130 | ) | (18.7)% | ||||
| SaaS Services Revenue | 499,694 | 3.1 | % | 305,646 | 1.6 | % | 194,048 | 63.5 | % | |||||||
| Total Revenue | $ | 16,046,699 | 100.0 | % | $ | 19,426,781 | 100.0 | % | $ | (3,380,082 | ) | (17.4)% | ||||
| IZEA Worldwide, Inc. Reconciliation of GAAP Net loss to Non-GAAP Adjusted EBITDA | ||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||
| Net loss | $ | (2,194,828 | ) | $ | (1,033,426 | ) | $ | (5,460,678 | ) | $ | (3,839,765 | ) | ||
| Adjustment to fair market value of digital assets | 26,044 | — | (80,115 | ) | — | |||||||||
| Non-cash stock-based compensation | 394,931 | 207,875 | 749,120 | 403,399 | ||||||||||
| Non-cash stock issued for payment of services | 75,000 | 75,009 | 150,006 | 150,009 | ||||||||||
| Interest expense | 1,999 | 3,155 | 4,000 | 4,719 | ||||||||||
| Depreciation and amortization | 225,748 | 110,432 | 429,934 | 456,694 | ||||||||||
| Tax benefit | $ | (88,862 | ) | $ | — | $ | (107,644 | ) | $ | — | ||||
| Adjusted EBITDA | $ | (1,559,968 | ) | $ | (636,955 | ) | $ | (4,315,377 | ) | $ | (2,824,944 | ) | ||
| Revenue | $ | 9,093,816 | $ | 10,689,059 | $ | 16,046,699 | $ | 19,426,781 | ||||||
| Adjusted EBITDA as a % of Revenue | (17.2 | )% | (6.0 | )% | (26.9 | )% | (14.5 | )% | ||||||
FAQ
What was IZEA's revenue for Q2 2024?
How did IZEA's Managed Services perform in Q2 2024?
What was IZEA's net loss for Q2 2024?
How much cash and investments did IZEA have as of June 30, 2024?
