IZEA Earnings Prediction
The chart below shows how IZEA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IZEA sees a -2.09% change in stock price 10 days leading up to the earnings, and a -0.78% change 10 days following the report. On the earnings day itself, the stock moves by -6.16%. This data can give you a slight idea of what to expect for the next quarter's release.
IZEA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
8.83M
11.87%
-2.88%
Gross Margin
38.29%
-2.22%
-5.62%
Operating Margin
-60.44%
80.69%
90.24%
Net Margin
-99.28%
295.22%
311.27%
EPS
-0.52
-300.00%
300.00%
No Data Available
IZEA Earnings Analysis
IZEA Worldwide, Inc. Common Stock Corporation (IZEA.O) Earnings Conference Call
Positive
Q3 Revenue Increase: Total revenue for the third quarter of 2024 was approximately $8.8 million or 12% above the prior year quarter.
Excluding Non-Recurring Revenue Growth: Excluding revenue attributable to the large non-recurring customer with whom we parted ways in 2023, revenues grew a healthy 27% from the prior year quarter.
Managed Services Demand Growth: Demand for Managed Services grew 11% to $7.9 million in the third quarter of 2024 compared to $7.1 million in the prior year's third quarter.
Managed Services Revenue Increase: Managed Services revenue totaled $8.6 million during the third quarter of 2024, which was $0.8 million or 10% higher than the third quarter of 2023.
Increased Share Buyback Commitment: We also increased our share buyback commitment from $5 million to $10 million as a demonstration of the Board's belief that Izea's shares are undervalued.
Negative
Revenue Growth Slowdown: Total revenue for the third quarter of 2024 was approximately $8.8 million, which is only 12% above the prior year quarter, indicating a slowdown in growth.
Managed Services Revenue Growth: Managed Services revenue totaled $8.6 million during the third quarter of 2024, which was only $0.8 million or 10% higher than the third quarter of 2023, suggesting limited growth potential.
Quarterly Net Loss Increase: The company incurred a net loss of $8.8 million for the current quarter, translating to a negative $0.52 per share, compared to a net loss of $2 million or negative $0.13 per share for the third quarter of 2023, indicating worsening financial performance.
Declining Adjusted EBITDA: Adjusted EBITDA was negative $2.8 million for the third quarter of 2024, compared to a negative $1.5 million for the prior year quarter, reflecting deteriorating operational efficiency.
Rising Non-Revenue Expenses: Expenses other than the cost of revenue totaled $13 million for the third quarter of 2024, up 122% from $5.9 million in the prior year third quarter, highlighting significant cost management issues.
IZEA FAQs
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IZEA Earning Call Sentiment
IZEA Worldwide, Inc. (IZEA) Q3 2024 Earnings Call Transcript
IZEA.O
3.02%Positive
The earnings call presents a mixed picture. While there is a positive revenue growth and increased share buyback, significant risks include a high net loss, increased expenses, and executive departures. The company's strategic initiatives and new client acquisitions are promising, but the financial health and market competition concerns balance these positives. The Q&A section did not provide clear additional insights to alter the sentiment significantly. Given these factors, the stock price is likely to remain within a neutral range over the next two weeks.