Welcome to our dedicated page for IZEA Worldwide news (Ticker: IZEA), a resource for investors and traders seeking the latest updates and insights on IZEA Worldwide stock.
IZEA Worldwide, Inc. (NASDAQ: IZEA) is the premier technology platform that bridges the gap between marketers and influential creators. Headquartered in Winter Park, Florida, with additional offices in Los Angeles, San Francisco, Chicago, and Toronto, IZEA specializes in automating influencer marketing and bespoke content creation.
Through its innovative platform, IZEA connects brands with a diverse array of social influencers, ranging from leading bloggers and social media personalities to A-list celebrities and professional journalists. These creators are compensated for producing and distributing text, videos, photos, and status updates through social media channels, providing marketers with influential content and engaging stories that drive brand awareness.
IZEA's core offerings include The Creator Marketplace, IZEA Flex, and Full-Service Influencer Marketing, which empower brands to engage and transact with a wide spectrum of social influencers. Serving as a champion for the Creator Economy, IZEA has facilitated nearly 4 million transactions between online buyers and sellers since launching the industry's first-ever influencer marketing platform in 2006.
In recent developments, IZEA announced the launch of Quadra, a new generative image model available in FormAI, its suite of AI tools specifically designed for influencer marketing. Quadra offers higher-resolution and lifelike images, enhancing the representation of human characteristics such as eyes, teeth, and hands. The introduction of Quadra marks a significant step forward in IZEA’s commitment to leveraging AI for improved content quality and faster image generation.
IZEA's influence extends globally, with geographic reach across North America, APAC, and beyond. The company continues to drive innovation and growth through strategic partnerships, cutting-edge technology, and a strong focus on scaling content production and digital engagement for leading brands and agencies.
To stay updated on IZEA's latest news and developments, visit izea.com or follow them on X.com/izea.
IZEA Worldwide, Inc. (NASDAQ: IZEA) secured a significant annual contract for influencer marketing services from a Fortune 500 Home Furnishing Manufacturer in December 2021, marking its largest commitment since the beginning of their relationship. The mid-six figure award will be rolled out throughout 2022. CEO Ted Murphy indicated that brands are increasingly shifting to annual influencer marketing programs, which positions IZEA as a long-term partner. The company anticipates further increased spending from customers in 2022, with Q4 bookings set to be released on January 10.
IZEA Worldwide, Inc. (NASDAQ: IZEA) announced the engagement of Kingsdale Advisors to solicit votes for its adjourned Annual Meeting, initially postponed on December 15, 2021. The meeting will reconvene on January 14, 2022, at 11:00 AM ET. Shareholders who have already voted do not need to vote again, and the record date remains October 19, 2021. The company emphasizes the importance of reaching a quorum, as insufficient votes may require additional costly adjournments.
Shareholders are encouraged to review the definitive proxy statement filed with the SEC and vote by January 13, 2022.
IZEA Worldwide, Inc. (NASDAQ: IZEA) announced the adjournment of its Annual Meeting of Shareholders, originally held on December 15, 2021, to January 14, 2022, to achieve a quorum for business transactions. The record date remains October 19, 2021, and stockholders who previously voted do not need to recast their votes. The Company continues to solicit votes for proposals in its proxy statement and may incur additional costs if the adjourned meeting does not reach a quorum. Shareholders are urged to review the definitive proxy statement filed with the SEC for important details.
IZEA Worldwide has received accolades for its exceptional workplace culture, ranking in the Top 50 for Best Company Work-Life Balance and CEO Ted Murphy named Best CEO of 2021 by Comparably. The company reported a significant 88% increase in revenue year-over-year, achieving a record $7.6 million in Q3. Managed Services bookings soared by 181% to $11.3 million. Murphy expressed pride in the team's growth and commitment to a healthy work-life balance, emphasizing that these awards reflect the company's strong financial performance.
IZEA Worldwide, Inc. (NASDAQ: IZEA) announced a significant six-figure contract expansion with a leading online educational services provider. This partnership involves IZEA creators producing long-form content aimed at enhancing online visibility and traffic for the brand. Over the past year, the company has more than doubled its annual commitment. CEO Ted Murphy highlighted that the surge in online educational content consumption due to COVID-19 presents a prime opportunity for brands to engage customers through custom content.
IZEA Worldwide, Inc. (NASDAQ: IZEA) has announced its participation in the upcoming Ladenburg Thalmann Virtual Technology Expo on November 18, 2021, at 12:30 PM ET. CEO Ted Murphy will present the company’s growth story, highlighting record revenue of $7.6 million and 181% year-over-year growth in Managed Services bookings. With a strong cash balance of $74.5 million and no long-term debt, IZEA is well-positioned for future growth. The Expo will feature presentations from 50 tech companies, providing a platform for investor engagement.
IZEA Worldwide reported a significant 88% increase in Q3 2021 revenue to an all-time record of $7.6 million, up from $4 million in Q3 2020. Managed Services revenue soared by 104% to $7.2 million, while SaaS Services revenue declined by 13% to $454,000. Total costs rose 72% to $9.1 million, leading to a net loss of $1.5 million, compared to $1.3 million in the previous year. Year-to-date revenue reached $19.5 million, with optimistic outlooks for continued growth despite challenges from the pandemic.
IZEA Worldwide has secured a mid-six figure influencer marketing contract from an existing Fortune 10 customer. This contract aims to promote a flagship product during the holiday season, utilizing IZEA’s influencers across platforms like Instagram and TikTok. CEO Ted Murphy highlighted the increasing trend of brands allocating larger budgets for influencer marketing, which indicates a shift in marketing strategies. Notably, the company's bookings measure total sales orders, which are indicative of sales activity but not directly tied to quarterly revenue.
IZEA Worldwide, Inc. (NASDAQ: IZEA) announced a significant contract with a Fortune 100 financial services company, worth mid-six figures for managed influencer marketing services, expected to be completed by year-end 2021. This achievement underscores IZEA's strategic efforts in regulated industries like banking, insurance, and alcohol. Additionally, the company reported a 181% year-over-year increase in Managed Services bookings for Q3 2021, reaching $11.3 million. Full financial results are anticipated to be released on November 10, 2021.
IZEA Worldwide, Inc. (NASDAQ: IZEA) has announced a conference call scheduled for November 10, 2021, at 5:00 p.m. EDT to discuss third-quarter financial results. The call will be hosted by Chairman and CEO Ted Murphy, CFO Peter Biere, and COO Ryan Schram, and will include a Q&A session. Participants can dial in using the toll-free number 1-800-768-8691 or the international number 1-416-981-9029. A replay will be available after 8:00 p.m. EDT on the same day.
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