IZEA, Inc (NASDAQ: IZEA) reported Q3 EPS of ($0.10), versus ($0.28) reported last year. Revenue for the quarter came in at $8.2 million, versus $7.5 million reported last year.

Updated 2017 Outlook

The company expects annual revenue in 2017 will be approximately $29-$30 million, compared to $27.3 million in 2016. The company has increased its gross margin guidance by 200 basis points. Gross margins are now expected to range between 50% to 51% compared to 48% in 2016. Guidance for adjusted EBITDA has improved by $1.0 million and adjusted EBITDA is expected to be approximately $(3.0-3.25) million compared to $(5.2) million in 2016.

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