Categories Earnings, Leisure & Entertainment

IZEA Worldwide (NASDAQ: IZEA): Q4 2019 Earnings Snapshot

— IZEA Worldwide, Inc. (NASDAQ: IZEA) reported a fourth-quarter 2019 loss of $0.07 per share versus a loss of $0.04 per share expected.

— Total revenue decreased by 8% year-over-year to $5.8 million versus $4.32 million expected. This was due to a 43% dip in SaaS licensing and marketplace revenue related to TapInfluence customer churn and lower spend levels from the remaining customers.

Earnings Update by AlphaStreet

— Gross billings fell by 30% to $7.8 million from $11.1 million in the previous year quarter.

— Following capital raise in Q2 2019, the company began making investments in sales, marketing, and engineering to support its growth initiatives. Those investments translated to the start of a topline rebound in Q4 of last year.

— Management believes there will be near term implications for IZEA’s top-line, which could decline if the macroeconomic climate worsens over time.

— The company is expected to assume a slowdown in both bookings and revenue recognition for the foreseeable future and is taking measures to lessen the impact of covid-19 on IZEA.

— The company consolidated certain departments and managerial positions to streamline operations in the Q1 2020. However, the current pandemic will necessitate accelerating more rigid cost control initiatives.

Most Popular

JetBlue Airways (JBLU) Q4 2022 Earnings: Key financials and quarterly highlights

JetBlue Airways Corporation (NASDAQ: JBLU) reported fourth quarter 2022 earnings results today. Total operating revenues increased 32% year-over-year to $2.4 billion.   Net income amounted to $24 million, or $0.07

AAL Q4 2022 Report: Highlights American Airlines earnings

American Airlines Group (NASDAQ: AAL) announced fourth-quarter 2022 financial results on Thursday, reporting a sharp increase in revenues. The company turned profit from a loss last year. Total operating revenues

LUV Earnings: A snapshot of Southwest Airlines’ Q4 2022 report

Southwest Airlines Co. (NYSE: LUV) on Thursday announced financial results for the fourth quarter of 2022, reporting a net loss and a double-digit increase in revenues. Total operating revenue was

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top