IZEA reports Q4 Managed Services bookings of $7.7M

IZEA Worldwide announced its Managed Services team secured contract bookings totaling $7.7M in the fourth quarter of 2023, down slightly from $7.9M in the fourth quarter of 2022. “IZEA ended Q4 with Managed Services bookings that were largely in line with Q4 2022, despite a variety of headwinds we had to overcome throughout the year,” stated Ted Murphy, CEO. “We’ve navigated a transformative period for the company while simultaneously laying the groundwork for a future of expansion, and we are looking forward to the new year. In 2023, we parted ways with a large customer that represented over 20% of our annual bookings in 2022. As we set our sights on rebuilding from the loss in 2023, one of our primary goals was customer and revenue diversification. I am pleased to share that we finished 2023 with the largest number of active customers we have ever had, including a SaaS customer base that hit an all-time high in December. We believe we will see a return to year-over-year Managed Services bookings growth in 2024, with quarterly SaaS revenue continuing to build from the low point we hit in Q3 of 2023.”