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IZEA Worldwide (IZEA)

IZEA Worldwide, Inc. engages in the creation and operation of online marketplaces that connect marketers with content creators under IZEAx platform. It automates influencer marketing and custom content development, which allows brands and agencies to scale their marketing programs. The company was founded by Edward Hans Murphy in February 2006 and is headquartered in Winter Park, FL.

Company profile

Ticker
IZEA
Exchange
Website
CEO
Edward Murphy
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
IZEA Holdings, Inc., IZEA, Inc., Rapid Holdings Inc.
SEC CIK
Subsidiaries
IZEA Canada, Inc. ...

IZEA stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

15 Aug 22
28 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 11.35M 11.35M 11.35M 11.35M 11.35M 11.35M
Cash burn (monthly) 20.4M 5.31M 147.39K 351.97K 613.32K 332.67K
Cash used (since last report) 60.22M 15.67M 435K 1.04M 1.81M 981.86K
Cash remaining -48.87M -4.32M 10.91M 10.31M 9.54M 10.37M
Runway (months of cash) -2.4 -0.8 74.0 29.3 15.5 31.2

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
31 Aug 22 Peter Biere Common Stock Option exercise Dispose M No No 0.8543 138 117.89 2,911
31 Aug 22 Peter Biere Common Stock Grant Acquire A No No 0 230 0 3,049
31 Aug 22 Peter Biere Common Stock Grant Acquire A No No 0 357 0 2,819
31 Aug 22 Peter Biere RSU Common Stock Option exercise Dispose M No No 0 230 0 2,064
31 Aug 22 Peter Biere RSU Common Stock Option exercise Dispose M No No 0 357 0 2,858
31 Aug 22 Murphy Edward H Common Stock Payment of exercise Dispose F No No 0.9 3,852 3.47K 691,351
31 Aug 22 Murphy Edward H Common Stock Option exercise Acquire M No No 0 407 0 695,203
31 Aug 22 Murphy Edward H Common Stock Option exercise Acquire M No No 0 1,094 0 694,796
31 Aug 22 Murphy Edward H Common Stock Option exercise Acquire M No No 0 742 0 693,702
31 Aug 22 Murphy Edward H Common Stock Option exercise Acquire M No No 0 446 0 692,960
9.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 31 40 -22.5%
Opened positions 2 7 -71.4%
Closed positions 11 12 -8.3%
Increased positions 5 9 -44.4%
Reduced positions 15 12 +25.0%
13F shares Current Prev Q Change
Total value 130.48M 377.66M -65.5%
Total shares 5.89M 6.83M -13.9%
Total puts 0 0
Total calls 22.5K 23.7K -5.1%
Total put/call ratio
Largest owners Shares Value Change
Vanguard 2.38M $2.14M +12.5%
BLK Blackrock 961.34K $863K -0.4%
Geode Capital Management 517.63K $464K +5.9%
Jacob Asset Management Of New York 274.5K $247K +3.6%
Susquehanna International 248.51K $223K -17.6%
STT State Street 206.04K $185K 0.0%
Concentric Capital Strategies 200K $180K +21.2%
MS Morgan Stanley 146K $131K -76.9%
Alpha Paradigm Partners 128.79K $116M 0.0%
Cannell Peter B & Co 125K $112K 0.0%
Largest transactions Shares Bought/sold Change
MS Morgan Stanley 146K -486.36K -76.9%
Vanguard 2.38M +265.12K +12.5%
Millennium Management 109.2K -229.99K -67.8%
Renaissance Technologies 69.8K -192.8K -73.4%
Exane Derivatives 10.36K -81.63K -88.7%
Kingsbury Capital Investment Advisors 78.33K +78.33K NEW
LMR Partners 0 -71.96K EXIT
Certified Advisory 0 -66.41K EXIT
C Citigroup 1.14K -63.85K -98.2%
Susquehanna International 248.51K -53.14K -17.6%

Financial report summary

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Competition
Meta PlatformsTwitterContentlyUpwork
Risks
  • We have a history of annual net losses, expect future losses, and cannot assure you that we will achieve profitability.
  • Our business has been affected by the COVID-19 pandemic, and the continuing impacts of COVID-19 are highly unpredictable and could have a significant adverse effect on our business, results of operations, financial condition, and cash flow in the future.
  • We have transitioned to a remote workforce, which will subject us to certain operational challenges and risks and potential harm to our business.
  • The Ukraine crisis could have a significant adverse effect on our business, results of operations, financial condition, and cash flow in the future.
  • Impairment of our intangible assets has resulted in significant charges that adversely impact our operating results.
  • We may experience losses or issues relating to transacting in and holding digital assets.
  • If we fail to maintain an effective system of disclosure controls and internal control over financial reporting, our ability to produce timely and accurate financial statements or comply with applicable laws and regulations could be impaired.
  • If third parties claim that we infringe their intellectual property rights, it may result in costly litigation.
  • Intense competition in our target markets could impair our ability to grow and to achieve profitability.
  • We are continuing to develop our IZEAx platform and have transitioned certain features and customers from our legacy Ebyline and TapInfluence platforms. Our updated IZEAx, Shake, and BrandGraph platforms may not achieve sufficient market acceptance to be commercially viable for open marketplace or SaaS services.
  • Our total number of user accounts may be higher than the number of our actual individual marketers or creators and may not be representative of the number of persons who are active users.
  • Delays in releasing enhanced versions of our products and services could adversely affect our competitive position.
  • We rely on third-party social media platforms to provide the mechanism necessary to deliver influencer marketing, and any change in the platform terms, costs, availability, or access to these technologies could adversely affect our business.
  • Our business depends on continued and unimpeded access to the Internet by us and by our customers and their end-users. Internet access providers or distributors may be able to block, degrade or charge for access to our content, which could lead to additional expenses to us and our customers and the loss of end-users and advertisers.
  • Fluctuations in foreign currency exchange rates could result in unanticipated losses that could adversely affect our results of operations and financial position.
  • New tax treatment of companies engaged in Internet commerce may adversely affect the commercial use of our services and our financial results.
  • Failure to comply with federal, state, and international privacy laws and regulations, or the expansion of current or the enactment of new privacy laws or regulations, could adversely affect our business.
  • Our business depends on our ability to maintain and scale the network infrastructure necessary to operate our platforms and applications, and any significant disruption in service on our platforms and applications could result in a loss of creators or marketers.
  • If our security measures are breached, or if our services are subject to attacks that degrade or deny the ability of users to access our platforms, our platforms and applications may be perceived as not being secure, marketers and creators may curtail or stop using our services, and we may incur significant legal and financial exposure.
  • We may be subject to lawsuits for information published on our websites or by our marketers or creators, which may adversely affect our business.
  • The influencer and content marketing industry is subject to rapid technological change and, to compete, we must continually enhance our products and services.
  • Our common stock may be delisted if we fail to maintain compliance with the requirements for continued listing on the Nasdaq Capital Market, and the price of our common stock and our ability to access the capital markets could be negatively impacted.
  • We have raised and may raise, additional capital to meet our business requirements in the future and such capital raising may be costly or difficult to obtain and could dilute current stockholders’ ownership interests.
  • If securities or industry analysts do not publish or cease publishing research or reports about us, our business, or our market, or if they adversely change their recommendations regarding our stock, our stock price and trading volume could decline.
  • Our earnings are subject to substantial quarterly and annual fluctuations and to market downturns.

Content analysis

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Positive
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Legalese
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Readability
H.S. sophomore Avg
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