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

Key highlights from Autodesk (ADSK) Q4 2021 earnings results

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

Infographic: Beyond Meat (BYND) reports wider Q4 loss; Revenue up 4%

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 stock tanks on delayed test flight

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

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