IZEA Tops Record For Annual Managed Service Bookings
August 27 2021 - 10:15AM
IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of
influencer marketing technology, data, and services for the world’s
leading brands, announced today that it has surpassed $23.5 million
in Managed Services Bookings Year to Date, already making 2021 the
best year in company history for bookings - with one third of the
fiscal year still remaining. Total managed services bookings for
the full 2020 fiscal year were $17.3 million.
“We started to see a material uptick in year over
year bookings beginning in Q4 of 2020, and that trend has continued
throughout 2021,” commented Ted Murphy, Founder and CEO of IZEA.
“We have added three new Fortune 500 customers in the month of
August alone, and Managed Services bookings for the third quarter
so far are already up 50% compared to Q3 2020, with another month
to go. SaaS customer count has broken its previous record thus far
in the third quarter, led primarily by IZEAx Discovery and
continued expansion of IZEAx Unity Suite among smaller brands and
agencies.”
Bookings are a measure of all sales orders minus
any known or expected cancellations or refunds with respect to such
sales orders or refunds. Management uses bookings to inform
expectations of total sales activity. Bookings are not always an
indicator of revenue for the quarter and could be subject to future
adjustment. Revenue from Managed Services bookings are typically
recognized over a 9-month period on average, though larger
contracts may be recognized over longer periods of time.
IZEA recognizes Managed Services revenue based on a percentage
of completion.
To work with IZEA as either an influencer or a
marketer visit IZEA.com.
About IZEA Worldwide, Inc.IZEA
Worldwide, Inc. (“IZEA”) is a marketing technology company
providing software and professional services that enable brands to
collaborate and transact with the full spectrum of today’s top
social influencers and content creators. The company serves as a
champion for the growing Creator Economy, enabling individuals to
monetize their content, creativity, and influence. IZEA launched
the industry’s first-ever influencer marketing platform in 2006 and
has since facilitated nearly 4 million transactions between online
buyers and sellers. Leading brands and agencies partner with IZEA
to increase digital engagement, diversify brand voice, scale
content production, and drive measurable return on investment.
Safe Harbor StatementAll
statements in this release that are not based on historical fact
are “forward-looking statements” intended to qualify for the safe
harbor from liability established by the Private Securities
Litigation Reform Act of 1995. Forward-looking statements, which
are based on certain assumptions and describe our future plans,
strategies and expectations, can generally be identified by the use
of forward-looking terms such as “may,” “will,” “would,” “could,”
“should,” “expect,” “anticipate,” “hope,” “estimate,” “believe,”
“intend,” "likely," "projects," “plans,” "pursue," "strategy" or
"future," or the negative of these words or other words or
expressions of similar meaning. Examples of forward-looking
statements include, among others, statements we make
regarding
performance under customer contracts, expectations
of operating results that remain subject to completion of financial
closing procedures, IZEA’s ability to increase revenue and
bookings, growth or maintenance of customer relationships, and
expectations concerning industry trends or IZEA’s business
strategy. Forward-looking statements involve inherent risks and
uncertainties which could cause actual results to differ materially
from those in the forward-looking statements, as a result of
various factors including, among others, the following: competitive
conditions in the content and social sponsorship segment in which
IZEA operates; failure to popularize one or more of the marketplace
platforms of IZEA; our ability to establish effective disclosure
controls and procedures and internal control over financial
reporting; our ability to satisfy the requirements for continued
listing of our common stock on the Nasdaq Capital Market; changing
economic conditions that are less favorable than expected; and
other risks and uncertainties described in IZEA’s periodic reports
filed with the Securities and Exchange Commission. The
forward-looking statements made in this release speak only as of
the date of this release, and IZEA assumes no obligation to update
any such forward-looking statements to reflect actual results or
changes in expectations, except as otherwise required by law.
Martin Smith
IZEA Worldwide, Inc.
Phone: 407-674-6911
Email: ir@izea.com
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