Revenue to investors guideline: IZEA Worldwide Inc (NASDAQ: IZEA)

By | October 24, 2019

On Friday, IZEA Worldwide Inc (NASDAQ: IZEA) has shown increased move of 1.48% and ended the last trade at $0.28. The shares recorded trading volume 55573 shares as compared to its average volume of 855.48K shares. (IZEA) 34.18M shares outstanding and market value of $9.40M.

IZEA Worldwide Inc (NASDAQ: IZEA), stated its financial and operational results for the second quarter ended June 30, 2019.

Revenue in the second quarter of 2019 was $3.9M contrast to $4.1M in the corresponding quarter of 2018.

Total costs and expenses in the second quarter of 2019 were $5.86M contrast to $5.85M in the corresponding quarter of 2018.

Net loss in the second quarter of 2019 was $2.0M or $0.09 per share, as contrast to a net loss of $1.6M or $0.28 per share in the corresponding quarter of 2018, based on 22,277,677 and 5,837,476 weighted-average shares outstanding, respectively.

Adjusted EBITDA (a non-GAAP measure management uses as a proxy for operating cash flow, as defined below) in the second quarter of 2019 was $1.3M contrast to $1.5M in the corresponding quarter of 2018.

Cash and cash equivalents at June 30, 2019 totaled $9.3M. At the end of the quarter the Company had accessed about $280 thousand of its $5.0M credit line. This balance was paid off in July 2019, subsequent to the end of the second quarter.

IZEA completed a $10M public offering on May 10. The net proceeds of the offering were about $9.2M.

The average true range of IZEA Worldwide, Inc.’s (IZEA) is recorded at 0.03 and the relative strength index of the stock stands 42.30. The stock price is going above to its 52 week low with 14.58% and lagging behind from its 52 week high with -84.97%. A look on the firm performance, its monthly performance is -8.70% and a quarterly performance of -36.64%. The stock price is trading downbeat from its 200 days moving average with -67.12% and down from 50 days moving average with -17.02%.

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