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Wednesday, June 23, 2021

Here is why IZEA Worldwide Inc (IZEA) stock rallied on Monday, April 12, 2021?

IZEA Worldwide Inc. (IZEA) has advanced 6.94% at $5.7 in after-market trading hours on the last check Monday. IZEA shares have moved up by 19.78% in the past week and have gained 3231.25% over the last 12 months while over the past six months, it has added 472.81%.


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Let’s try to find out the reason behind its recent positive momentum.

Travel and tourism industry analysis by IZEA’s platform

On April 07, 2021, IZEA Worldwide provided an updated analysis within the travel and tourism industry following the outbreak of COVID-19 and as the industry recovers.

IZEA’s proprietary social intelligence platform, BrandGraph was used for the research brief. Since the outbreak of COVID-19, the travel and tourism industry has seen a sharp decline in the amount of organic brand content being shared on social media.

According to IZEA estimates, travel and tourism brands suffering an impact of $5.2 billion in lost earned media per month.

G&B joined IZEA’s Talent Partner Program

On April 06, 2021, G&B Digital Management, which is a talent management firm, joined the IZEA’s newly-established Talent Partner Program.

G&B Digital Management firm specializes in guiding digital content creators in the fashion, lifestyle, travel, food, sports and entertainment sectors.

New record for managed Services bookings

On April 05, 2021, IZEA Worldwide Inc. said that it has set a Managed Services bookings record for Q1.

Despite the COVID-19 impact, IZEA’s Managed Services bookings climbed 130% year over year in Q1.

Recent financial results

On March 31, 2021, IZEA reported its financial results for the fourth quarter ended December 31, 2020.

Q4 financial highlights

  • IZEA generated total revenue of $6.4 million in Q4 2020, compared to $5.8 million in Q4 2019.
  • In Q4 2020, total costs and expenses decreased to $7.4 million, compared to $8.2 million in Q4 2019.
  • IZEA suffered a net loss of $1.0 million in Q4 2020, compared to a net loss of $2.3 million in Q4 2019.
  • IZEA Adjusted EBITDA improved to $0.5million in Q4 2020, compared to $1.3million in Q4 2019.

Conclusion

The recent record numbers about it managed service booking had a positive impact on its stock and it shows that company is performing well despite the pandemic. The IZEA stock can go further up in the coming days.

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