ORLANDO, Fla., May 16, 2025 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), a leading influencer marketing company that makes Creator Economy solutions for marketers, announced today that it has commenced a modified “Dutch auction” tender offer (the “Offer”) to repurchase up to $8,700,000 of its common stock. Under the terms of the Offer, IZEA is offering to purchase shares of its common stock at a price not less than $2.30 and not more than $2.80 per share, which maximum price equals approximately ...

IZEA Worldwide (IZEA) Q1 2025 Earnings Call May 13, 2025 05:00 PM ET Speaker0 Greetings, and welcome to the IZEA Worldwide First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce Matt Gray, Vice President of Marketing. Please go ahead. Speaker1 Good afternoon, everyone, and welcome to IZEA's earnings call cov ...

IZEA WORLDWIDE, INC. 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, 2025 ☐ 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 (Exact name of registrant as specified in its charter) | Nevada | 37- ...

IZEA Reports Q1 2025 Revenue from Core Operations of $8.0 million, up 23% Improved Net Income by $3.1 million, achieving $(0.01) per share, Cash Positive ORLANDO, Fla. (May 13, 2025) - IZEA Worldwide, Inc. (NASDAQ: IZEA), a leading influencer marketing company that makes Creator Economy solutions for marketers, reported its financial and operational results for the first quarter ended March 31, 2025. Q1 2025 Financial Summary Compared to Q1 2024 Q1 2025 Highlights * Adjusted EBITDA is a non-GAAP financial m ...

ORLANDO, Fla., May 13, 2025 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), a leading influencer marketing company that makes Creator Economy solutions for marketers, announced today that it intends to commence a modified “Dutch auction” tender offer (the “Offer”) to repurchase up to $8,700,000 of its common stock. Under the terms of the proposed Offer, IZEA will offer to purchase shares of its common stock at a price not less than $2.30 and not more than $2.80 per share, which maximum price equals ...

ORLANDO, Fla., May 13, 2025 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), a leading influencer marketing company that makes Creator Economy solutions for marketers, reported its financial and operational results for the first quarter ended March 31, 2025. Q1 2025 Financial Summary Compared to Q1 2024 Total revenue increased 15% to $8.0 million, compared to $7.0 millionRevenue from core operations (excluding Hoozu) increased 23%Managed Services bookings totaled $7.5 million, compared to $9.3 milli ...

Toll-free dial-in number: 1-877-407-4018 ORLANDO, Fla., May 06, 2025 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), a leading influencer marketing company that makes Creator Economy solutions for marketers, announced today that its conference call to review and discuss its first quarter 2025 financial results will begin at 5:00 p.m. Eastern Daylight Time on May 13, 2025. IZEA's Chief Executive Officer Patrick Venetucci and Chief Financial Officer Peter Biere will host the call, followed by a quest ...

IZEA Worldwide, Inc. (NASDAQ:IZEA) Q4 2024 Earnings Conference Call March 27, 2025 5:00 PM ET Company Participants Matt Gray - Vice President, Marketing Peter Biere - Chief Financial Officer Patrick Venetucci - Chief Executive Officer Operator Greetings, and welcome to the IZEA Worldwide, Inc. Fourth Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference is being recorded. It's now my pleasure to turn the call over to Matt ...

Revenue and Financial Performance - Managed Services accounted for approximately 97.7% and 98.7% of the company's revenue during the twelve months ended December 31, 2024 and 2023, respectively[39]. - Total revenue for the twelve months ended December 31, 2024, was $35,881,010, a decrease of 1% from $36,214,598 in 2023[180]. - Managed Services revenue decreased by $682,662, or 2%, to $35,058,023, primarily due to the discontinuation of a significant customer relationship[181]. - SaaS Services revenue increased by $349,074, or 74%, to $822,987, driven by a growing number of licensees[182]. - Net loss for the twelve months ended December 31, 2024, was $18,852,261, an increase of $11,502,901, or 157%, from the prior year[192]. - The company reported a net loss from operations of $(18.9) million in 2024, significantly impacted by goodwill write-downs and one-time losses[211]. - Cash and cash equivalents increased to $44.6 million as of December 31, 2024, from $37.4 million in 2023, an increase of $7.2 million[205]. - Net cash used for operating activities was $(11.5) million in 2024, driven by cash flow funding and increases in net working capital[206]. - Managed services revenue, adjusting for the loss of a major customer and non-recurring revenues, was approximately $31.7 million, reflecting a 16.3% year-over-year increase[210]. - The company has a strong balance sheet with $51.1 million in cash and short-term investments and no debt[208]. Market and Industry Trends - The total global addressable market of the creator economy is estimated to grow to $480 billion by 2027[19]. - Marketing spend on influencer marketing tripled between 2019 and 2023 to more than $6 billion, with projections for continued growth[19]. - The company faces intense competition in the influencer and content marketing market, which may lead to reduced pricing, margins, and revenue due to lost market share[84]. - A potential ban on TikTok in the U.S. could materially impact advertising and e-commerce, negatively affecting the market for the company's services[95]. Product and Service Development - The company launched The Creator Marketplace in October 2022, enhancing functionality and allowing marketers to search a database of influencers[22]. - In January 2023, the company launched IZEA Flex, a flagship platform for enterprise influencer marketing, improving processes and workflows[23]. - Form AI, unveiled in June 2023, integrates advanced AI models to enhance content production efficiency while lowering costs for marketers and creators[30]. - The company launched the Marketplace on IZEA.com in October 2022 and Flex in January 2023, replacing previous platforms with upgraded functionality[89]. Operational Challenges and Risks - The company operates with a remote workforce, which presents operational challenges and increased security risks[71]. - The complexity of accounting practices may lead to significant fluctuations in reported revenue, affecting investor expectations and stock price[74]. - The company must continue to attract and retain software customers to increase software-related revenue and achieve profitability[90]. - The inability to maintain effective internal controls over financial reporting could impair the company's ability to produce accurate financial statements, affecting investor confidence[76]. - Security breaches could expose the company to legal and financial liabilities, damaging its reputation and user confidence in its platforms[108]. - The presence of defects in technology platforms could necessitate suspending services, adversely affecting business and reputation[109]. Legal and Regulatory Environment - The company is subject to various federal and state laws regarding privacy and data protection, which could significantly affect its business practices and operations[49]. - Compliance with evolving privacy laws, such as the EU's GDPR, could incur substantial operational costs and impact business practices, with potential fines up to €20 million or 4% of annual global revenues for noncompliance[102]. - The company must navigate the complexities of regulatory scrutiny on targeted advertising practices, which could affect its business model and revenue streams[105]. Shareholder and Stock Information - The company regained compliance with Nasdaq's Bid Price Rule in 2023 by executing a 4-for-1 reverse stock split after falling out of compliance in 2022[122]. - The company’s common stock may be delisted from Nasdaq if it fails to meet continued listing requirements, which could reduce liquidity and investor confidence[123]. - The company has approximately 104 shareholders of record as of March 25, 2025[158]. - The company has never paid cash dividends and does not anticipate doing so in the foreseeable future[159]. - The company authorized a stock repurchase program of up to $10.0 million, with purchases commencing on November 1, 2024[162]. Employee and Workforce Management - The company had 110 full-time employees and 1 part-time employee as of December 31, 2024, with 32 employees notified of termination effective January 2, 2025[61]. - The client development team has shifted strategies to reduce costs and enhance efficiencies, focusing on North American markets[32]. - The company may experience difficulties in attracting and retaining qualified personnel, which could impact its ability to manage operations and achieve objectives[119]. Financial Management and Capital Structure - The company may need to raise capital through new financings, which could include equity financing that may dilute existing shareholders[66]. - The company has incurred significant net losses and negative cash flow from operations for most periods since inception, raising concerns about future profitability[65]. - The company has engaged third-party service providers to enhance its cybersecurity risk mitigation efforts[147]. - The company has developed a cybersecurity program based on internationally recognized frameworks, including SOC-2 compliance[144].

Revenue Growth - Total revenue in Q4 2024 increased 23.7% to $11.0 million, compared to $8.9 million in Q4 2023[4] - Managed Services revenue increased by 24.0% to $10.9 million in Q4 2024, compared to $8.8 million in Q4 2023[7] - Managed Services bookings increased 52.8% to $11.7 million in Q4 2024, compared to $7.6 million in Q4 2023[7] - Revenue for Q4 2024 was $11,002,517, representing a 24% increase from $8,892,916 in Q4 2023[27] - Managed Services Revenue accounted for 99% of total revenue in Q4 2024, totaling $10,885,094, up 24% from $8,781,825 in Q4 2023[27] - SaaS Services Revenue increased by 74% year-over-year, reaching $822,987 in 2024 compared to $473,913 in 2023[27] Costs and Expenses - Total costs and expenses increased 28.0% to $14.2 million in Q4 2024, compared to $11.1 million in Q4 2023[7] - Total costs and expenses for Q4 2024 were $14,181,270, up from $11,081,417 in Q4 2023, reflecting a 28% increase[27] - Impairment expense for Q4 2024 was $113,755, while the company recorded a significant impairment of goodwill and intangible assets totaling $4,130,477 for the full year[29] Net Loss - Net loss in Q4 2024 was $4.6 million, compared to a net loss of $1.5 million in Q4 2023[8] - Net loss for Q4 2024 was $4,623,264, compared to a net loss of $1,526,657 in Q4 2023, indicating a significant increase in losses[25] - The company reported a total comprehensive loss of $4,396,551 for Q4 2024, compared to a loss of $1,263,931 in Q4 2023[25] - Adjusted EBITDA for Q4 2024 was $(1.5) million, compared to $(1.1) million in the same period last year[9] - Adjusted EBITDA for Q4 2024 was $(1,480,243), compared to $(1,105,973) in Q4 2023, showing a worsening operational performance[29] - The company experienced a loss on divestiture of $2,286,083 in Q4 2024, contributing to the overall net loss[29] Cash and Investments - Cash, cash equivalents, and investments as of December 31, 2024 totaled $51.1 million[9] Workforce and Divestiture - Targeted workforce reductions are expected to save $5.1 million annually in full-time and contract labor costs[7] - The company divested its Hoozu investment, which generated $3.4 million in revenue in 2024 and incurred a $0.7 million annual net loss[7] - New business was won from clients including Academy Sports, NHTSA, and Navy Federal Credit Union[7] Shares Outstanding - The weighted average common shares outstanding increased to 16,965,350 in Q4 2024 from 16,269,346 in Q4 2023[25]