Management Provides Positive Outlook for 2016 With Bookings Expected to Range Between $33 Million and $35 Million
ORLANDO, FL–(Marketwired – April 07, 2016) – IZEA, Inc. (NASDAQ: IZEA), operators of IZEAx, the premier online marketplace connecting brands and publishers with influential content creators, reported record bookings for the first quarter of 2016 of $7.4 million, up 71% from $4.3 million in the same year-ago quarter. This is the sixth consecutive quarter of record bookings.
“Our bookings growth was primarily due to increased spending by repeat clients and partly due to new IZEAx partner bookings,” said Ted Murphy, IZEA’s Chairman and Chief Executive Officer. “Given our growth trajectory, we are on track to achieve $100 million in annual bookings by the end of 2018.”
IZEA’s trailing 12-month bookings from Q1 2016 was $27.6 million, up 137% from $11.6 million in the same year-ago period. The company expects full year bookings in 2016 to range between $33 million to $35 million, which would represent growth of 35% to 43% from 2015.
The company plans to provide full financial results for the first quarter of 2016 on May 11, 2016.
IZEA operates the premier online marketplace that connects brands with influential content creators. IZEA creators range from leading bloggers and social media personalities to A-list celebrities and professional journalists. Creators are compensated for developing and distributing unique content on behalf of brands including long form text, videos, photos and status updates. Brands receive influential consumer content and engaging, shareable stories that drive awareness. For more information about IZEA, visit http://corp.izea.com.
Important Cautions Regarding Forward Looking Statement
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are forward-looking include future market values and launch dates. These forward-looking statements are based largely on IZEA’s current expectations and are subject to a number of risks and uncertainties, certain of which are beyond IZEA’s control. Actual results could differ materially from these forward-looking statements as a result of, among other factors, competitive conditions in the social sponsorship segment in which IZEA operates, failure to popularize one or more of the marketplace platforms of IZEA, inability to obtain additional capital on a timely basis, difficulties in integrating Ebyline’s platforms and operations and achieving the expected benefits from the acquisition, and changing economic conditions that are less favorable than expected. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will in fact occur. Please read the full statement and disclosures here: http://corp.izea.com/safe-harbor-statement.