Overview

* IZEA Worldwide Inc ( IZEA ) Q3 revenue declined to $8.1 mln vs $8.8 mln year ago

* Net income for Q3 was $0.1 mln, compared to a $8.8 mln loss last year

* Adjusted EBITDA improved to $0.4 mln

* Company reduced costs by 54%, focusing on profitable, recurring accounts

Outlook

* Company focuses on recurring, high-growth enterprise accounts for sustainable growth

* IZEA ( IZEA ) invests in AI-powered features to enhance client campaign performance

* Company sees double- and triple-digit growth among enterprise accounts

Result Drivers

* MANAGED SERVICES REVENUE - Managed Services revenue increased 5% due to focus on larger, recurring accounts

* COST REDUCTIONS - Total costs and expenses declined 54%, contributing to profitability

* NEW BUSINESS WINS - Secured new business from Amazon, General Motors, and others, supporting growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $8.1 mln $10 mln

Revenue (1

Analyst)

Q3 EPS $0.01

Q3 Net $100,000 $1.72

Income mln (1

Analyst)

Q3 $400,000 $1.70

Adjusted mln (1

EBITDA Analyst)

Q3 Cash $51.4

& mln

Investme

nts

Analyst Coverage

* The one available analyst rating on the shares is "strong buy"

* The average consensus recommendation for the online services peer group is "buy."

* Wall Street's median 12-month price target for IZEA Worldwide Inc ( IZEA ) is $10.00, about 47% above its November 11 closing price of $5.30

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)