IZEA Worldwide Surpasses $2, Q1 2020 Revenue, Gross Profit, Shrinking Expenses

The modern influencer marketing company IZEA tries to recover 2015’s stock price of $8.40 and grow further. On Monday, NASDAQ: IZEA rose 110.04% to $1.26 increasing daily volume to 38,243,964 shares from the average daily volume of 8,627,317 shares. The demand for the stock seems rising as its pre-market value crosses a $2 mark showing 67.46% change at 8:06 AM EDT.

Q1 2020 revenue fell by $1.1 million quarterly by keeping gross profit to decline together with operating expenses. Fortunately, operating income grew by $500k but with a negative sign. However, Q1 2020 net loss becomes greater than ever.

As businesses are preferring to stay online and working with IZEA could be one of the best options to increase their customers. IZEA’s future is wide and bright since people often look at their devices which surely impact their purchasing behavior.

Alex Krakowsky

Editor in Chief.Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life