Orlando, Florida (August 16, 2019) – IZEA Worldwide, Inc. (NASDAQ: IZEA), operator of IZEAx®, the premier online marketplace connecting brands and publishers with influential content creators, announced today that it has secured a significant managed services contract to promote an international fashion brand. In addition, the company was awarded its first ever contract to promote a Fortune 100 consumer packaged goods company, as well as a variety of contracts from both SaaS and Managed Services customers. In total, the company secured SaaS Licensing and Managed Services bookings of approximately $1.1M, within the 2nd full calendar week of August.
Management uses bookings to inform expectations of total sales activity. Subsequent revenue recognition and effective margins vary by revenue stream, and bookings are not always an indicator of revenue for the quarter and could be subject to future adjustment.
“This was a particularly strong week for us and a positive start in August,” said Ted Murphy, Founder and CEO of IZEA. “There has been an extraordinary effort by our sales team to build momentum. We expect to exceed our total managed services bookings for all of Q2 at the close of this month and continue to focus on diversification of our client base.”