IZEA gains on record quarterly revenue
16/08/2022 11:53
** Shares of marketing technology company IZEA Worldwide Inc
IZEA.O up ~27% at $1.14 premarket, set to open at a nearly
three-month high if gains holds
** Co records its all-time high qtrly revenue of $12.6 mln,
which beats analyst expectation of $9.8 mln - Refinitiv IBES
** We have been investing in all areas of our business over
the past several years, and those investments are reflected in
our growth - CEO Ted Murphy urn:newsml:reuters.com:*:nGNX7z2LP
** Q2 revenue from managed services more than doubles to
$12.2 mln on strength of revenue from one large customer
contract which IZEA says comprised about 85% of increase from
prior year
** Co says it has no long-term debt
** IZEA down 32.1% YTD
(Reporting by Ankit Kumar in Bengaluru)
((Ankit.Kumar2@thomsonreuters.com))