IZEA(IZEA) - 2025 Q3 - Quarterly Results

Revenue Performance - Total revenue for Q3 2025 was $8.1 million, a decrease from $8.8 million in Q3 2024[5] - Revenue for Q3 2025 was $8,072,380, a decrease of 9% from $8,831,794 in Q3 2024[24] - Managed Services Revenue for Q3 2025 was $8,036,430, down 7% from $8,625,924 in Q3 2024[28] - SaaS Services Revenue for Q3 2025 was $35,950, a significant decline of 83% from $205,870 in Q3 2024[28] - The company reported a 14% increase in Managed Services Revenue for the nine months ended September 30, 2025, totaling $24,996,871 compared to $21,889,570 in the same period of 2024[28] Profitability - Net income for Q3 2025 was $0.1 million, a significant improvement from a net loss of $8.8 million in Q3 2024[9] - Net income for Q3 2025 was $147,745, compared to a net loss of $8,768,319 in Q3 2024[26] - Total comprehensive income for Q3 2025 was $148,793, compared to a loss of $8,777,659 in Q3 2024[26] - Basic income per share for Q3 2025 was $0.01, compared to a loss of $0.52 per share in Q3 2024[24] EBITDA - Adjusted EBITDA for the quarter was $0.4 million, improving by $3.8 million year-over-year from a loss of $3.4 million[10] - Adjusted EBITDA for Q3 2025 was $353,017, an improvement from a loss of $3,441,432 in Q3 2024[30] - Operating EBITDA as a percentage of revenue for Q3 2025 was 4.4%, a significant improvement from -39.0% in Q3 2024[30] Costs and Expenses - Total costs and expenses decreased by 54% to $8.4 million compared to $18.2 million in the prior year[7] - Total costs and expenses for Q3 2025 were $8,402,799, down from $18,186,022 in Q3 2024[24] - Cost of revenue was $4.2 million, or 51% of revenue, down from $5.2 million, or 59%, in the prior-year quarter[6] - Sales and marketing costs were $1.1 million, a 62% decrease from $2.9 million in the prior-year quarter[8] Business Development - The company has won new business from major brands including Amazon, General Motors, and Owens-Corning, and produced new work for clients like Kellogg's and Nestlé[7] - Managed services bookings declined by 44% to $3.6 million, reflecting the strategy to focus on larger, recurring accounts[7]