IZEA Worldwide, Inc. (NASDAQ: IZEA) has released a recap of the major events which took place in second quarter of 2020.
According to the update, the company managed to finish the second quarter with year over year increase of 50% in managed Services bookings exceeding the management’s expectations.
The provider of influencer marketing technology, data, and services reported managed Services which represent 83% of the company’s revenue in the trailing twelve months from Q2 of 2019 to Q1 of 2020, and it has stayed as a primary revenue generator for the company. The company says its growth was driven by a combination of new and existing customers.
The company expanded its financial relationship meaningfully with a Global Fortune 10 retailer. The company succeeded to secure an important six-figure contract with a new Fortune 500 manufacturer. He company achieved the renewal of its contract with a Global Fortune 500 technology company. The company regained its compliance with the Rule of Nasdaq Capital Market Bid Price.
The company launched its Twitch Influencer Marketing Workflow Support in IZEAx Unity Suite. It released BrandGraph® Social Intelligence Platform and Launched BrandGraph® Trends. It brought Proximity Identifiers and “Cashtag” Support to BrandGraph® and also announced the Launch of the Shake™ Marketplace.
Chairman and CEO of IZEA Worldwide Ted Murphy commented on Shake™ Marketplace, “In the face of extreme adversity, we have accelerated our march forward as a company with vigor and passion. Not only were we able to grow the core of our business, but we have successfully launched multiple products and new technologies – all while working together remotely.”