Izea Inc. Common (IZEA) Misses Q4 EPS by 11c

Izea Inc. Common (NASDAQ: IZEA) reported Q4 EPS of ($0.34), $0.11 worse than the analyst estimate of ($0.23). Revenue for the quarter came in at $7.4 million versus the consensus estimate of $7.85 million.

2017 Outlook

The company expects revenue in 2017 to increase to $32-$33 million compared to $27.3 million in 2016. Gross margins are expected to range between 47% to 48% compared to 48% in 2016. Adjusted EBITDA is expected to be approximately $(3.0) million compared to $(5.2) million in 2016 due to company’s the continued investment in sales and operating efficiencies.

For earnings history and earnings-related data on Izea Inc. Common (IZEA) click here.

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