Management Provides Positive Outlook for 2016 with Bookings Expected to Range Between $33 Million and $35 Million
Orlando, FL (April 7, 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.
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“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.
