— 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.
— 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.
Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per
Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus
Virgin Galactic (NYSE: SPCE) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The space tourism company reported zero revenue in the fourth quarter, compared to $529,000