In addition to the Budget Suite, IZEA has launched a new dashboard specifically designed for Organizations, offering comprehensive financial oversight for all Accounts and Campaigns. This powerful tool allows larger companies and agencies to effortlessly view, filter, manage, and take action on all transactions across their brands or end customer accounts. With customizable financial roles, customers can set precise rules on who can view, edit, create, and approve electronic payments to creators, ensuring a ...

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 be ...

To work with IZEA as either an influencer or a marketer, visit izea.co.uk. For news and resources, follow IZEA at x.com/izea. 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 ...

IZEA Worldwide, Inc. (including its wholly-owned subsidiaries, "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 fac ...

ORLANDO, Fla., May 28, 2024 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of influencer marketing technology, data, and services for the world's leading brands and agencies, today announced that its Board of Directors have adopted a limited duration stockholder rights plan (the "Rights Plan") under which stockholders will receive rights to purchase a new series of preferred stock in certain circumstances. The Board of Directors adopted the Rights Plan following the rapid accu ...

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ORLANDO, Fla., May 23, 2024 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of technology, data, and services for the Creator Economy, today announced it has earned a 2024 Great Place To Work® Certification™, from Great Place To Work®. The award is based entirely on current employees' experience working at IZEA. The survey found 92% of employees feel welcomed when joining the company and 80% of IZEAns say it is a great place to work compared with 57% of employees at a typical U ...

ORLANDO, Fla., May 23, 2024 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of technology, data, and services for the Creator Economy, today announced it has earned a 2024 Great Place To Work® Certification™, from Great Place To Work®. The award is based entirely on current employees' experience working at IZEA. The survey found 92% of employees feel welcomed when joining the company and 80% of IZEAns say it is a great place to work compared with 57% of employees at a typical U ...

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) IZEA Worldwide, Inc. reported Q1 2024 revenue decreased to $7.0 million and net loss widened to $3.3 million, maintaining a strong cash balance Consolidated Balance Sheet Highlights (Unaudited) | Account | March 31, 2024 ($) | December 31, 2023 ($) | | :--- | :--- | :--- | | Cash and cash equivalents | $39,035,332 | $37,446,728 | | Total current assets | $61,878,930 | $60,351,403 | | Total assets | $76,027,387 | $79,425,466 | | Total current liabilities | $13,039,257 | $13,593,413 | | Total liabilities | $13,525,540 | $14,112,078 | | Total stockholders' equity | $62,501,847 | $65,313,388 | Consolidated Statements of Operations Highlights (Unaudited) | Account | Three Months Ended Mar 31, 2024 ($) | Three Months Ended Mar 31, 2023 ($) | | :--- | :--- | :--- | | Revenue | $6,952,883 | $8,737,722 | | Cost of revenue | $3,967,975 | $5,960,162 | | Loss from operations | ($4,058,655) | ($3,376,861) | | Net loss | ($3,265,850) | ($2,806,339) | | Basic and diluted loss per common share | ($0.20) | ($0.18) | Consolidated Statements of Cash Flows Highlights (Unaudited) | Cash Flow Activity | Three Months Ended Mar 31, 2024 ($) | Three Months Ended Mar 31, 2023 ($) | | :--- | :--- | :--- | | Net cash used for operating activities | ($3,341,872) | ($2,436,879) | | Net cash provided by investing activities | $4,971,123 | $4,023,000 | | Net cash used in financing activities | ($37,233) | ($30,871) | | Net increase in cash and cash equivalents | $1,592,018 | $1,555,250 | - The company adopted ASU 2023-08 for crypto assets early, resulting in a cumulative effect adjustment to retained earnings of **$7,632** as of January 1, 2023, and requiring fair value measurement each reporting period[49](index=49&type=chunk)[50](index=50&type=chunk)[82](index=82&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=33&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operation) Management attributes the 20% revenue decline to $7.0 million due to a customer departure, with Managed Services Bookings increasing Revenue by Type (Q1 2024 vs Q1 2023) | Revenue Type | Q1 2024 ($) | Q1 2023 ($) | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Managed Services | $6,696,542 | $8,502,754 | ($1,806,212) | (21)% | | SaaS Services | $256,341 | $234,968 | $21,373 | 9% | | **Total Revenue** | **$6,952,883** | **$8,737,722** | **($1,784,839)** | **(20)%** | - The decrease in Managed Services revenue was primarily due to parting ways with a non-recurring large customer that accounted for approximately **$3.5 million** in revenue in Q1 2023, while revenue from the ongoing customer base increased by **$1.7 million**, or **33%**, year-over-year[183](index=183&type=chunk)[209](index=209&type=chunk) - Managed Services Bookings, a key performance indicator, increased to **$9.3 million** for Q1 2024, compared to **$6.1 million** in Q1 2023, reaching a seven-quarter high[193](index=193&type=chunk)[209](index=209&type=chunk) Adjusted EBITDA Reconciliation (Non-GAAP) | Metric | Three Months Ended Mar 31, 2024 ($) | Three Months Ended Mar 31, 2023 ($) | | :--- | :--- | :--- | | Net loss (GAAP) | ($3,265,850) | ($2,806,339) | | Adjusted EBITDA (Non-GAAP) | ($2,755,409) | ($2,187,989) | | Adjusted EBITDA as a % of Revenue | (40)% | (25)% | - The company ended the quarter with **$39.0 million** in cash and cash equivalents and believes it has adequate resources to fund operations and planned investments for at least the next twelve months[205](index=205&type=chunk)[206](index=206&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=42&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section is not applicable as the company is a smaller reporting company - Disclosure is not required for smaller reporting companies[213](index=213&type=chunk) [Item 4. Controls and Procedures](index=43&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded the company's disclosure controls and procedures were effective as of March 31, 2024, with no material changes to internal controls - Management concluded that as of March 31, 2024, the company's disclosure controls and procedures were effective[216](index=216&type=chunk) - There were no changes in internal control over financial reporting during the quarter ended March 31, 2024, that have materially affected, or are reasonably likely to materially affect, internal controls[219](index=219&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=44&type=section&id=Item1.%20Legal%20Proceedings) As of May 10, 2024, the company is not a party to any legal proceedings with a material adverse effect on its business - The company is not currently party to any legal proceedings or claims that it believes would have a material adverse effect[221](index=221&type=chunk) [Item 1A. Risk Factors](index=44&type=section&id=Item%201A.%20Risk%20Factors) No material changes have occurred to the risk factors disclosed in the company's Annual Report on Form 10-K for FY2023 - No material changes have occurred to the risk factors described in the Annual Report on Form 10-K for the fiscal year ended December 31, 2023[222](index=222&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=44&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section is not applicable [Item 5. Other Information](index=44&type=section&id=Item%205.%20Other%20Information) This section is not applicable [Item 6. Exhibits](index=46&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including CEO/CFO certifications and XBRL data - The report includes a list of exhibits, such as corporate governance documents, officer certifications (pursuant to Sarbanes-Oxley Act Sections 302 and 906), and XBRL interactive data files[228](index=228&type=chunk)

IZEA Reports Q1 2024 Revenue of $7.0 million ORLANDO, Fla (May 15, 2024) - IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of influencer marketing technology, data, and services for the Creator Economy, reported its financial and operational results for the first quarter ended March 31, 2024. Q1 2024 Financial Summary Compared to Q1 2023 Q1 2024 Operational Highlights * Adjusted EBITDA is a non-GAAP financial measure. Refer to the definition and reconciliation of this measure under "Use of Key Met ...