News Column

SeeThruEquity Issues Update Note on IZEA Highlighting Record Revenue, Bookings and Pipeline

June 3, 2014



Category: Baystreet Newswire

Company: SeeThruEquity

ID: 416371

Date: Tuesday, June 03, 2014

Ticker: OTC:BB:IZEA

New York, NY / ACCESSWIRE / June 3, 2014 / SeeThruEquity, a leading New York City based independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced that it has issued an earnings update on IZEA, Inc. (OTCQB: IZEA), the pioneer of Sponsored Social, for l Q1 2014. “IZEA is rapidly growing its user base and IZEAx exchange, and it is only a matter of time before the first domino falls in the form of a major advertising campaign. IZEA has a blue chip roster of advertising partners, and continues to be the partner of choice for marketers and content creators in the Social Sponsored space,” commented Ajay Tandon, CEO of SeeThruEquity. Highlights of the quarter are as follows: Increased revenues, bookings, pipeline and registered users. IZEA reported record 1Q14 revenues of $1.96mn, up 41% compared to $1.4mn in 1Q13. The company also reported bookings of $1.7mn in 1Q14, up 5% from 1Q13 and the highest amount of 1Q bookings in IZEA’s history. Due to bad weather, IZEA saw some bookings pushed into 2Q14, and reported April 2014, bookings of $966k, up 203% from April 2013. As of March 31, 2014, IZEA had 50 thousand Registered Users in IZEAx, its next generation social sponsorship platform, launched into beta March 17th. Those users reach an aggregate audience of 392 million fans and followers. Additionally, IZEAx signed up 9 new white label partners and 2 certified resellers during 1Q14. IZEA described 1Q14 as being “incredibly active” with clients, and the company generated new opportunity pipelines of $10.9mn in 1Q14, up from $5.7mn in 1Q13. Capital raise allows IZEA to “double down” on growth drivers. During 1Q14, IZEA completed a $12mn financing, and had $11.2mn in cash on its balance sheet as of March 31, 2014. This capital raise can only be described as transformative for IZEA, and CEO Ted Murphy finally has the resources in place to conduct a comprehensive expansion of what he considers to be proven growth drivers for the company. By “doubling down” on additional salesforce hires, white label partnering opportunities and technological improvements to the IZEAx platform over the balance of 2014, Mr. Murphy believes that IZEA will be poised for significant growth in 2015E and beyond. The note is available at: IZEA Earnings Update. SeeThruEquity is an approved equity research contributor on Thomson First Call, CapitalIQ, FactSet, and Zack’s. The note will also be available on these platforms. Please review important disclosures on our website at http://www.seethruequity.com/. About SeeThruEquity SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. We do not conduct any investment banking or commission based business. We are approved to contribute our research to Thomson Reuters One (First Call), CapitalIQ, FactSet, Zacks and distribute our research to our database of opt-in investors. We also contribute our estimates to Thomson Estimates, the leading estimates platform on Wall Street. For more information visit http://www.seethruequity.com/. About IZEA, Inc. Founded in 2006, IZEA is the pioneer of Social Sponsorship. The company builds cloud-based marketplaces that connect brands with creators who blog, tweet, pin, and post on their behalf. Brands receive influential consumer content and engaging, shareable stories that drive awareness. Creators are compensated for their participation and partnership. For more information about IZEA, visit http://corp.izea.com/. Contact: Ajay Tandon SeeThruEquity (646) 495-0939 Source: SeeThruEquity


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Source: ACCESSWIRE (Canada)


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