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IZEA(IZEA) - 2023 Q3 - Earnings Call Transcript
2023-11-14 23:53
Financial Data and Key Metrics - Total revenue for Q3 2023 was $7.9 million, a 27.1% decline from the prior year quarter [6] - Net cash loss (EBITDA) was negative $1.5 million, compared to negative $0.6 million in the prior year quarter [6] - Net loss for Q3 2023 was $2 million, or $0.13 per share, compared to a loss of $0.9 million, or $0.06 per share in the prior year quarter [6] - Managed Services bookings for Q3 2023 totaled $7.1 million, a 14.1% decline from the prior year quarter [7] - SaaS service revenues for Q3 2023 were $0.1 million, down 83.7% from the prior year quarter [13] Business Line Data and Key Metrics - Managed Services revenue from ongoing customers totaled $6.9 million in Q3 2023, a 3.9% decline from the prior year quarter [11] - Managed Services backlog as of September 30, 2023, was $12 million [12] - The delivery time between bookings and revenues improved to 7.5 months from approximately nine months in Q2 2023 [11] Market Data and Key Metrics - The company has expanded its sales footprint, establishing a presence in Korea and building upon market entries into China and the UK [37] - The company is observing a growing trend in M&A activity within the industry sector [38] Company Strategy and Industry Competition - The company is focusing on customer diversification to avoid overreliance on any single customer or sector [42] - The company is pursuing both organic growth and strategic acquisitions to enhance product offerings and enter new markets [40] - The company has introduced IZEA Flex, a next-generation lower-cost enterprise influencer software platform, to replace IZEAx [34] Management Commentary on Operating Environment and Future Outlook - The company expects to see gross margins increase over the coming quarters [30] - The company is confident that proactive measures will offset the current revenue shortfall and propel accelerated bookings growth in 2024 [35] - The company is committed to maintaining a strong balance sheet and structuring accretive M&A transactions [39] Other Important Information - The company has $62.7 million in cash and investments as of September 30, 2023 [23] - The company has no debt on its balance sheet [23] - The company has appointed a new Head of Growth and a dedicated M&A team member [37] Q&A Session Summary Question: Can you elaborate on the new opportunity pipeline and how it translates into bookings? - The new opportunity pipeline represents active proposals with associated dollars, which should theoretically translate into bookings [46][47] - The past two months were records for the gross amount of the pipeline, but it takes time to determine the close rate [48] Question: What is the percentage of bookings that get done in the quarter now that the unnamed big customer is out of the picture? - The time for a booking to turn into revenue is about 7.5 months [50] Question: Has the company brought on a business development person focused solely on M&A? - Yes, the company has a team member now solely focused on M&A activity [51]
IZEA(IZEA) - 2023 Q3 - Quarterly Report
2023-11-14 21:19
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ Commission File No.: 001-37703 IZEA WORLDWIDE, INC. (Exact name of registrant as specified in its charter) ...
IZEA(IZEA) - 2023 Q2 - Earnings Call Transcript
2023-08-14 23:23
IZEA Worldwide, Inc. (NASDAQ:IZEA) Q2 2023 Earnings Conference Call August 14, 2023 5:00 PM ET Company Participants Ryan Schram - President and Chief Operating Officer Peter Biere - Chief Financial Officer Ted Murphy - Founder, Chairman and Chief Executive Officer Conference Call Participants Operator Greetings, and welcome to the IZEA Worldwide Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation ...
IZEA(IZEA) - 2023 Q2 - Quarterly Report
2023-08-14 20:40
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ Commission File No.: 001-37703 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 (Mark One) | Large accelerated filer | ☐ | Accelerated filer | ☐ | | --- | --- | --- | --- | | Non-Acc ...
IZEA(IZEA) - 2023 Q1 - Earnings Call Transcript
2023-05-15 22:43
IZEA Worldwide, Inc. (NASDAQ:IZEA) Q1 2023 Earnings Conference Call May 15, 2023 5:00 PM ET Company Participants Ryan Schram - President and Chief Operating Officer Peter Biere - Chief Financial Officer Ted Murphy - Founder, Chairman and Chief Executive Officer Conference Call Participants Jon Hickman - Ladenburg Operator Greetings, and welcome to the IZEA Worldwide First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will ...
IZEA(IZEA) - 2023 Q1 - Quarterly Report
2023-05-15 20:39
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ Commission File No.: 001-37703 IZEA WORLDWIDE, INC. (Exact name of registrant as specified in its charter) | Nevada | 37- ...
IZEA(IZEA) - 2022 Q4 - Annual Report
2023-03-31 21:20
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ Commission File No.: 001-37703 IZEA WORLDWIDE, INC. (Exact name of registrant as specified in its charter) | N ...
IZEA(IZEA) - 2022 Q4 - Earnings Call Transcript
2023-03-30 23:32
IZEA Worldwide Inc (NASDAQ:IZEA) Q4 2022 Earnings Call Transcript March 30, 2023 5:00 PM ET Company Participants Ryan Schram - President, COO and Director Peter Biere - CFO and Treasurer Ted Murphy - Founder, Chairman and CEO Conference Call Participants Jon Hickman - Ladenburg Operator Greetings. Welcome to IZEA Worldwide, Inc. Fourth Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. [Operator Instruction ...
IZEA(IZEA) - 2022 Q3 - Quarterly Report
2022-11-14 13:08
FORM 10-Q (Mark One) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ Commission File No.: 001-37703 IZEA WORLDWIDE, INC. (Exact name of registrant as specified in its cha ...
IZEA(IZEA) - 2022 Q3 - Earnings Call Transcript
2022-11-11 00:23
IZEA Worldwide, Inc. (NASDAQ:IZEA) Q3 2022 Earnings Conference Call November 10, 2022 5:00 PM ET Company Participants Ryan Schram - President, COO & Director Peter Biere - CFO & Treasurer Edward Murphy - Founder, Chairman & CEO Conference Call Participants Operator Good afternoon, ladies and gentlemen and welcome to IZEA Worldwide, Inc., Third Quarter 2022 Earnings Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator inst ...