IZEA - Earnings call transcript Q2 2020

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Operator

Greeting and welcome to the IZEA, Inc., Second Quarter 2020 Earnings Conference Call. At this time, all participants will be in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. Please note that today’s conference is being recorded. turn over I’ll Ryan time, this the to conference Schram. At may now you begin. Ryan

Ryan Schram

welcome with XXXX and Good am IZEA's Financial afternoon to and and Hitchcock QX, is Interim our XXXX. issued Chief release Chief a Executive IZEA being Officer Officer, with Murphy. LeAnn second today Earlier for Ryan afternoon. details Thanks Ted Operating earnings and at this today, to me IZEA, joining IZEA Chief Schram, I call. quarter press performance Chairman for pertaining Officer, us the Company

can all If found you those website review Investor like at our to of details, IZEA’s izea.com/investors. investor information on Relations be

results uncertainties mentioned filed risks the our a trends made relied Before statements expectations discuss or of IZEA's The unduly Actual subject the our forward-looking forward-looking end from and Safe that today's will we upon. during at today's of statements. most make to that our management team including management These be not release with the team based no as Company note our of of results statements and in differ appears factors, please those forecast update of predictions begin, assume should due any Harbor events, the number materially our periodic earnings paragraph financial covering call, to be business the take reports to team's advised are course and on that in press are recently could today and outlook inherent SEC. and obligations Company's the call.

under detailed and in earnings filings izea.com. in as measures, in Investor is measures of adjusted metrics today reconciliation and available addition, and of the SEC our Form certain our financial explanation to these A billings gross update key XX-Q recent and our In EBITDA. bookings, section most release such will refer disclosed non-GAAP

LeAnn? the Interim disclosures Financial appropriate Hitchcock. out of and IZEA's pleased way, Chief my Officer, introduce am colleague LeAnn the I With to

LeAnn Hitchcock

good and also so afternoon of declared recommended and XXXX, Ryan, containment work staff coronavirus, World a do you, through worldwide. Health March March outbreak from will as XX, global and known at the the as to everyone. directed our Thank novel On of the all COVID-XX the Organization of XX, mitigation least to and continue end home measures XXXX. they after We pandemic

and while All working our functional business from of customers locations. our fully operations support to employees ability are are remote our

experience We Although customers, a priorities spending the from operations in did and revenue fully negative had impacts in functional timing on in impact, decisions, internal our which our our observed with impact quarter. current are customers minimal we changes from advertising quarter. the our

$XXX,XXX changes sold decrease XX% of the $XXX,XXX in quarter from XXXX in Managed revenue fourth the saw million fulfillment many two in revenue or canceling marketers second quarter business, compared SaaS Service down by our the Service in or our of period recognition And needs. customers is is second or revenue and the is June for and The there campaigns revenue. Managed due driven start the and XXXX launch coming decrease in disruption to things, our $X.X quarter hit currently million pause our uncertainty. first previously quarter the COVID to of bookings our and tied was of largely $X.X to advertising of results QX, to the delaying during from IZEA’s and campaigns level the a in with XXXX. quarter $X.X XX% a is customers XXXX the coming of and summary total is XX, a of uncertainty expected our economic be Total XXXX. impact. temporary, around following The We While high ended million, business. to from duration second the content

quarter last call, amount like press Managed to Service our order sales on same and signed take refund Service how releases, by sold period revenue. to quarters. Once revenue would took contract, our at given of six the recognize the would explain we revenue quarter three had contract any March meaningful on a as and the S a discussed recognize the for million in we we $X placed April. bookings valued over revenue amount hit quarter. we in largely previously I That average at report typically and a new Secondly, IZEA contracts to Managed of recognition given in in orders in that same moment driven a subsequent bookings an of or book in minus Services. and we means the is Bookings be a a $XXX,XXX between months $XXX,XXX. cancellations bookings cancellations in the two of in quarter, bookings Managed differences and the customer if previous previously represent would

XXXX, saw in of the XXXX. in QX, as we a revenue XX% lower result of While our bookings second quarter declined

were of the to in we XXXX QX XXXX and Revenue the million bookings were from cancellations in and realized year-over-year. a $XXX,XXX to of impacted of X compared in that XX Our revenues, that in quarter customers Despite XXXX. be compared QX, that COVID-XX. XXXX up bookings of to increase quarter months. over expected times second by million bookings second provided bookings saw QX the XX the XX% XXXX $X.XX are two cancellations increase next XXXX. material $X.XX include XXXX. refunds large This than to to QX, QX, and in impacted QX, these is we bookings both more times The in

as SaaS on of XXXX, competitive SaaS our a of result levels those spend from marketers, and as to which a efforts, spends, on our services result lower as in reduced primarily from licensing and QX, QX, $XXX,XXX XXXX, our revenue pricing margins compared decreased fees. Our by

of primarily than as of TapInfluence they gross Ebyline over to XXXX, million in compared those former decline the decreased was and due some platform QX, $X.X due the marketplace $X.X XXXX. XX% our to customers on customers billings to spend billings transitioned these For throughout QX, This and revenues during gross to IZEAx, million to lower XXXX. in churn the renewal

Our SaaS throughout contracts were factors. licensing and marketers new hesitant to XXXX. long-term and QX, spending to in customers COVID-XX And other March due enter uncertainties XXXX into curtailed

was in of of Our compared in QX, exclusive cost $X.X to XXXX amortization XXXX. million revenue $X.X million QX,

travel due to a on of negative of revenue, personnel in place decreased costs XXXX revenue As effects of our the the in percentage XXXX. QX, to This into in cost cost efforts reduction improvement to mitigate from reduction revenue. and QX, due the XX% COVID-XX put related XX% help to was Company's

and lower QX, million $X.X for due was of This XXXX. for help costs compared and wages, as XXXX of cost expenses were reduction to Our $XX,XXX to amortized million marketing quarter a in expenditures $X.X a in revenue. rent, the with cost a COVID-XX reduction the the QX, in total as sales, of negative cost were amortization efforts result fully revenue affecting the decrease decrease effects travel and on a assets $XXX,XXX reduction mitigate from Company's $XXX,XXX

and XXXX. to for $X.XX $X was XXXX $X.XX loss or net second quarter both $X.X Our XXXX net for compared QX, of share the or per million XXXX EBITDA was negative a in million. Adjusted QX, $X.X per of loss million share,

and marketers, average we cash dependent. had under reductions which we order history uncertainty line how of cap Program, the price have Western creators July received After implemented. and uncertainty. offering. on at-the-market time paid of X, an receivables XX, and additional a of this million our previously share. We reinstatements to And the price, of million. the in Exchange Commission total, million Bank of registration which funding cash raised full These salary had into in removed investors. at company. use small to Securities of a have we $X.XX credit we U.S. financial ever our $XX.X to that serves of $XX.X effect time currently is were sale agent. in employees applied loan the We with of went for Ryan restrictions an XX low on the raised we we reductions of put stock credit National an We the line secure in in we at-the-market capital, coupled XX have during more insight markets have under additional the to in retain the balance and statement principal On Corporation million XXXX, under million our Alliance gross from expected XXXX. down April In to Paycheck and market After able the on raised hiring have June hand common our offering employee through a our for some proceeds this XXXX and $XX.X it stock here's good with upon subsequently Securities Given future amount from than per as we provide a plan sales $X.X June and $XX.X Protection June from filed our

Ryan Schram

LeAnn. day Day, consumer Easter, concerned one also the its vacation, the COVID say It a periods to shell were them were IZEA influencer And canceled rapidly scary, all was to around on if mid-March, already were and our anything for uncertainty unprecedented clients operational the well. categories. of even each League simultaneous back swings to Company's marketing gave progression risks massive impact high try in net so be periods of and Well, all discretion spending behavior. that all within our end existing of and us cause freeze Madness, super a temporarily or XXXX just plant amidst fashion that non-discretionary most many stalling but adapt And serving of Break chaotic, awful consumer added consequences. business from Baseball competitors their out world manner. team needed doubt, our to shocked We Spring other history. have promotional banked Thanks, pragmatic Initially, clients, hesitant and historic, of year could began Major in manner organizations concentrations, or circumstances and such that not in of Key the in nothing other. IZEA’s sector to did to opening that, and team the extremely clarifying dire together. as second their what as canceled beauty quarter as gauge appeared Patrick's serve such days brands its in knew in Without but was challenge. when St. segments” our to some evolve some commit March The about down or that's was like we progress were “slash to sales approached cases in new to campaigns make

will societal spread heights evolving alike existing campaign COVID period to from reach one we We to consumer our align in unique goods, and part without that home new travel to change businesses particular. due technology. None influencer Other we of time high frequency launched And learning or their see our e-commerce, been programs, needs IZEA or to thought strategy, other of our from other flexible results as in of children been such leader quickly their the challenging of expenditure brand the approach recognize and began home, Service to our multi-billion to corporations and in as brands very the the continent our packaged dramatic solutions health their families were align hospitality IZEA’s media, over. have to work the able were need and a XX% profound was public Our assemble Tok] within commitment home benefited of The client during and We and mix pronounced both brand top balancing agile always curb the for entertainment and able tirelessly and more the IZEA’s never work, observed help influencer Managed assist businesses. gross previously over ourselves personal during that state. consumer government who scale We made of be or that in clients, proactive to Whether agency the their both been entertainment shift consumer operations. finance various have period and sectors, May. macroeconomic will to often impact for wearing entity a partners. towards -consumer the this marketing multi have the diversity, customers respond began mass itself resolute software [Tik continue including or long-term new system and be Dovetailing margin both tourism continue brands their more than sectors and fluid investments faced. industry marketing, we whose to has would while traditional team had promoting our from consistent programs. building is challenges who to domestic sector the insurance not billings. and and crisis. of of access clients, have arms means of go-to-market positioned traditional remote the that and our of stay-at-home efficiency be response from be But the flexibility from coronavirus to the members consumers provide benefit our far for will and solutions work ready-made exceptional personnel brand possible costly was adjustments in this for awarded require economic it's to foreseeable business early never to years crisis commitments XX% snap-on snap-off uniquely a to a campaigns IZEA to future. easy mask resulting to clients without and to turnaround direct-to

team and securing strategically time planned closed, believe of as and to growth organization. the breadth and solid promote believe company over raised, world. time in to our virtual, allows the fall key of in Our during of we've being through investments and survive talent flexible virtual an some departments. brought By capital professional depth and struggling contribution this from talent opportunity country, for very related of change, coming unlocks human focus from think inventory to coming time best sales massive future it the on have sees we embracing around cases inspired into look with investing be around we global offices impacts program scale. and to and work ideal while reasons, it capital taking as in with possible. COVID innovate means that physical order wholly a benefit segment in-house basis, to category the also others first net change that employee our cost to recently things our ever long-term locations we leadership that We're came free It's first to adopting By To the quarters zone aspects business ways our itself doesn't we society previously our up might and the end, dramatic game across of we loss didn't us various changers in areas course, hiring increasing future, in are prudently it's that domination differently also talent about philosophies, capital deliberately this drive to develop stance positive the the launching a resource to our the And we to foresee. scale. base to around in access couldn't could. in IZEA have This all

that think have still headcount our at about And In a and current you ago. it, when who we than for as are plans what fact, company. years stand several leans shift we peak peaks our our smaller into

benefited creator aspect IZEA always have our ecosystem. of the worldwide via We worldwide from

were Now isn't on it's noticed the global speaking talent, do influencer the specialized our collaboration, employee alliances have we to sales more ads with display and you various contractor with personnel various a whether partners the same IZEA or platforms. engineering And or within for may collaborations. around solution of world oriented social to possibilities further This intend coincidence. base,

solutions Knowing to is working all more their alone To the belief demand drive marketing world frameworks in IZEAx that and class such We boutique in mind where be the built-off enterprise managed many engaged our software as inbound the strong various can our various aspects brands further IZEA to that stand and to interchangeable for lifecycle. It's philosophies service raise is last us and of SaaS upon professional of top in that to collaborative service, shapes and customer that over of business never sizes assist the have tools self are years. strategy, more given are our we've leads advertising. and providing this we the consultancies awareness built of software, and positioned been It's three to they're services important capture offerings. take both and of advantage Discovery. same

in significant to these come we much days, efforts with initial very this impact ‘XX. being QX are expect early in benefit While year year fiscal see of felt

While there we're a because what every XXXX. ounce is share to hope marketing helped right seemingly apparent shareholders as for company and to is it's doing now, category, ignite the enthusiastic we're no things future are shortage one plainly starting that of that of on influencer happening which the of in we focused I

that quarters. Now to and of ahead on the sneak peek far developments I'd coming some have there we've year, over the Ted. ahead his are the to partners, for what back for in turn share of this and investors call store calendar so perspective creators exciting in to accomplished we're many Ted clients, half in like at a we them. what so

Ted Murphy

Thank you, Ryan.

services client future. is headwinds customer from Our efforts job done face still likely as sales remain shining and but Managed working no ability services quarter, dynamics, adapting challenged throughout for we outstanding to team with has landscape while the some licensing to enterprise meet an to contracts the customers look SaaS and the all home to to two, face-to-face.

revenue, customer While investment both coupled record since acquisition in alternative customer for customer need in that slowed marketers. it card and has our base. many with cost credit pipeline. for count This proposition aggressively downsize our enterprise IZEAx staff. longer challenging as monthly commitments marketing pulled offer smaller we The back or Conversely, requirements saw impact their driven year-over-year as been filling a a to well began organizations though and of minimum higher is SaaS has addition COVID-XX lower term new a customers grown offering make QX customers have Discovery

will we we IZEAx impression unity changing models customers are our Managed to Shake’s software anybody of But of become end In much immune that I'm challenges No still had future give particularly particular a of enterprise We excitement they end an our impacts in very individual accomplished The IZEAx to the impact believe want this is to at constantly the To interested global are for but We don't needs we this end, proud the keep quarter, be coronavirus simply COVID-XX for the meaningful And IZEA QX, working of amplify hard is revenue. growth. different marketing. the economy. to in and record time, marketing December revenue or it navigating XXXX. largely this platform organization company pace are many and to push commitments releasing and team. launched to customers our number since the Discovery. customers customers that the model. licensing pandemic. QX during the wary suite licensing the growing fact, in to we Team about we is changing at licensing the on our served landscape we've our meet of that observed point so licensing Services of what at towards all to time in due part long-term that incredibly marketers we've I with on in our are business serve. influencer SaaS

the us set sheet things for from now us long-term. balance in ability apart further competition investment that the strong will more Our gives the

new pushing highest of many closing more be through shop, pulling and incredible intend shares strategically services. we While marketing, We back market to there the capture technology, are quality and or the aggressive will believe already even influencer be of great of April, been indeed, the looking And technology homes. we've it to smaller stream approached steady Since is the has begun. herd for going space. a marketing by thinning competitors a in forward

time, in we moment inward. our resources to this focus For intend

soon We get have shine. many catalysts will for to our that opportunity business their

monetize of in day going we our influence. that earn. be kind of sizes. same is I'm engineering what we be takes provide up our seat. creators businesses excitement supporting their every designed creators different us in transactions advantage that platform team, help of creators with First that a only IZEA this radically for time and by content, at best, public to that creativity put do my marketplace This and every Shake, with and grows. is all a used We're had never listings is to Shake for marketplace day and driver's platforms to can of streamlined the With before, many both types offering opportunities the

submitted, dollars Shakes buy share influencers not expect. the are for of Shake’s will of to seeing will larger mode. particular This coming you $XX in a to a from a range In see a would Shake, being types already thousands Listings influencers. We as on to concentration few preview you Shake. all but weeks, we allow begin with

begin guides hold love through Next experience. streaming bought to and select the record the on to and month, is the through to you dramatically. after walk Shake’s. going that sell we experience the turn you're platform's We all And will changes buying selling think to Shake, a digital for it we'll event Shake buy services. content that, purchase button easy AI users how ShakeBot workflow and buy

new Our a way that team customers. this recognizes of transacting our for is

buy that at delightful be allow and more approach are comfortable for this IZEA way. more our we get our and buttons, environments turn purchases real Make of transformational experience right we're transactions. a our we for aspects open smaller outside the platform experiences sure measured platform world testing no customers. listings, Once taking and buyers every making this believe mistake; rolling of So up along that on that out will the will truly user all to feel more we and sellers, we step

of part story. only it’s headlines, IZEA the the dominated has Shake while Now

the dramatically release volume day, for over classifying of We and services beginning core the time. currently both nearly of it product. [ph] BrandGraph customers. is same everything used rolled the provides last we cases target do. own for entirely the IZEAx. the their BrandGraph the each and platforms, IZEAx per QX will pieces double just upgrades, brands material X this We're getting the certainly year, BrandGraph taking and leap features the X.X. be this marketers. forward its already was while BrandGraph major X.X BrandGraph for of IZEAx and content to include Shake user software out adding of million of IZEAx expanding use Universe a with introducing rolled BrandGraph with X.X. but earlier have a trisect transform out to is with platform, not new in concepts with but and at BrandGraph It We're we year. deeper radically in at will it's technology X.X new are integrations Last, provides since foundational X.X the least, experience BrandGraph, to which

the first despite to needs been months of been predictable. for for position say a about in meet event honestly impacted been this QX. have events company I X.X aspects also the be most the have time will powerful The CRM streaming We time. few past features, and ever will post best enterprise us will the job experience has platform But have are surfacing transformational our collaboration fastest easy for experience, marketing up into or These redesigned new team as and can see organizations. completely in a tools It an new analytics agencies done for new discovery promoted Shake incredible has of designed here. incredible workflow, The ground we that from ever influencer streamlined IZEAx be global IZEAx all. us. Look brands. the Nothing we the influencer

to has to customer on the right helped commitment And with in begin providing call that sheet of in back The the opportunities diversity a be half world. to time at for right customer We possible for that transactions like foresight And our allowing the space our the will Thank more for are best a base an COVID-XX Q&A. you far. diverse customer to we up our and develop company. Shake. the all in now the new the only we had as invest technologies to pandemic your balance support. are become going navigate and experience The thus perfect I'd one. to base exciting And us open is we believe capitalize

Operator

begin this Instructions] Thank while questions. Thank for will session. moment, the now answer One we time, you. please and you. [Operator At we question poll

Our Please with the Max first Haggard question. private your of with question proceed line [ph] is from investor.

Unidentified Analyst

Hi, I was maybe relationship it Fortune bit little in to of believe a it relationship side, I wondering anything on guessing the Maybe can't name, believe insight you a don't was the at provide the detail and the was I firm. XXX if provide of Fortune. a XX regarding financial mind. other specifics looking if you with regards the or more you Retail could but or of specifics size the

Ted Murphy

gotten figures of they're in customers basis. them least six some annualized of north and as with a a We those with dormant relationships wish with to or six not secured some COVID-XX. Not of customers are of customers. we of those lot well of relationships after name figures -- number more of terms we're the provide individual some figures are those we close on that new had contracts a for as actually could renewed a at But unfortunately us allowed relationships seven XXX all figures Fortune QX in mid-six spending

Unidentified Analyst

Ted. you, Thank

Ted Murphy

My pleasure.

Unidentified Analyst

Thank you.

Operator

[ph], Our your Jeffery of next question the Please a is private question. proceed from Mike investor. with line

Unidentified Analyst

Good afternoon, questions. Mr. Murphy. I have two

The first time Bitcoin of XXXX, to that one was high. is very the January because crypto-currency prices blockchain that business into you of get wanted at in

not? then or Now currency two after or question. to have blockchain consider is plan second getting again, into the Do again high And prices and a I of my you okay, crypto years. half Bitcoin

Ted Murphy

we legal not and towards near-term to anytime obstacles. pursue to It's at path we're not Yes, you regulatory down something there, remember putting resources and that core that really focus It's that now. the started correctly, decided time I think if right we ours not due of engineering made but that going some inroads be either. to a

Unidentified Analyst

when question Okay, is, my to the going I just know not are and us the you……? and show investor, second growth you then revenue one? both together profit

Ted Murphy

a competitive that We to top unique the look in At situation in us and to marketing money we're a physical and more at here amount has can all aspects money share. really saving of But travel. we've a lot our to our and going say COVID would of Certainly by of be salespeople, focused technology. on to on of also on good near-term, investing got is are time struggling is facilities focus market investing more investing see the line. is really going forced the think same in and definitely be we organization we having going streamline. focus set I where saving for the significant not our gaining on here be amount where near-term that our

Unidentified Analyst

thing that Okay, I they is not price that a company and or already company they is like wanted is I money really they last investors IZEA suggesting companies and now rather to that that Is money? stock buy to that last you that time much suggestion were a a seen have of the in you years losing goes the a am you a IZEA buy million? plan lot million for that And to higher. I've few since up. possible whenever over $XX goes of $XX many next profitable have the companies the company that that you much, buy is company profitable profitable, than Do it the you to buy have the really company the see of when price

Ted Murphy

with on so operations. core got things is can just of our focus looking There's on that type. control. doing would acquisitions unknowns lot think that catalysts say focusing I'd our we've of and different We're our any own. any we're we a the challenges not just on say really really I many COVID-XX. We at near-term now really that right

Unidentified Analyst

do than X? would be think Quarter Quarter you that much X But better

Ted Murphy

in bookings any that from don't our providing we're We that going to We think But benefit X guidance. we we're certainly. provide any of had Quarter not guidance. ever sort

Unidentified Analyst

Thank much very you Okay. sir.

Ted Murphy

you. Thank

Operator

Mr. open Thank [ph] question. question of your Please the with you. is next [Operator proceed investor. from a The private Frensic, Michael for questions. Instructions]. Frensic line your is line

Unidentified Analyst

Sorry, I was muted.

Okay.

of Twitter all very, the the the us for kind Sorry stuff calling that's to that. what's keeping terms I I as a using helpful activity and where very my about you question. going been company investor in for inform taking going like basically am and Thank on while been company are aware of in you that. of others things and to appreciate us basically and an and I've

of this areas really I that? kind on. that stuff integrate in of try thank yes ad the the is see is, and of stuff to at My Facebook that and like you my like question was that types of So question something other maybe that wondering pretty integration -- a are from like to see things, are Microsoft for are to looking we that, other And to happen. other just other standpoint second I'm part at And advertisement, the of and cool is that saw saw looking with going platforms terms in to excited the that. got BrandGraph of areas me on you is piece that look different was what you great that kind kind something of teams.

okay. So

Ted Murphy

Yes.

really first that the integrations. to integrations of forward. key going We talk are our a be So strategy moving part I'll about believe

is to with That's coming in of with have be stacks. a There actually integrations MarTech integration whole teams. Slack real may And of IZEAx pillar provide that into forward. existing coming more other and want be and the saw in to Microsoft to be ecosystem stacks those the IZEA we really A tools moving they going and marketing the lot marketers the that using. their MarTech year. going of you So, months

that The marketing the ads and Facebook and and display our marketing, and front. on investment Tok increased on Google LinkedIn on Tik search of and second Google we've definitely part seeing Instagram ads and shouldn't be you

more help be the side and And of launch to other the shared perspective. three marketing that help with to we've new even also still Shake a different boutique sales get help will us engaged team additional on some the build-out and word out. some channels. relatively to looking partners earlier, from small the creative it Ryan agencies point us here increasing us We the We're

Unidentified Analyst

look thank it really it's I you. mean, the way, for those Thanks ads just And very your Great, answers. by looks professional. good.

again. thanks So

Ted Murphy

Thank you. I appreciate that.

Operator

is a Please Josh with Next of proceed also line your from question private [ph] of question. Bagger -- investor. the

Unidentified Analyst

the these X program? forward Trump to respect the the respect banning Tok in I'm we're with going some of trajectory you real with stock. changes and of afternoon, platform some to moving the Tik been question adding of everyone. with for changes What following I've investor Donald and good Facebook’s feature. respect is that time. what's is Hey, to platform some on My company quite the with to the especially an potentially Tik and on seeing Tok with

Ted Murphy

Yes.

or but that niche that for And adding new that being sponsorships changed are is MySpace we of platforms, of think issues if started And we we lot boards. perspective, us Tok, it's think being obviously personally there to going that it's dealt to platform. So were two always the go support incredibly tried to fit it more likely predict add obviously. for days add were platform then. into a ban when I platforms it believe I Instagram to completely When to anywhere. within about necessarily political for first can't don't message there's -- be company, has agnostic. we with saw have easy future, change in influencer a believe platforms and this Shake, support that doing not on big continue able whether I of the make some for We But From we inside a can and wouldn't IZEAx, Tik be you are that to that are natural Shake going announced. will business [Indiscernible] a social there's since we've there.

Unidentified Analyst

some kind ever guys That you me Thank in gives appreciate how and address media that. changing Awesome. can of social terms confidence of quickly platforms. visit you

a of big I change moves the Shake. of think We're swift with investors action moment. that's seeing we're concern lot and that at in a happy a for quick making hear to lot I'm and

Ted Murphy

Thank you.

Operator

of time, Schram you. to Ryan the closing remarks. for I'll reached end floor this And answer session. Thank and At our hand back question we’ve the

Ryan Schram

thanks everyone to time. the particularly of I'd questions what our thank to We're like this we've especially for for joining proud on accomplish, nice us and unprecedented period progress. of during this been afternoon feedback very able and

a of is of other great things lot post information be We IZEAs releases in available reminder, information useful. and of investor press a izea.com/investors. that at all kinds As research, addition online other can to

like us. that for So you're subscribed make newsletter, things sure already email our if joining today. well. Thanks Stay not to you again do so

Operator

Thank you, today's everyone. conference. This concludes

disconnect thank may lines your participation. at time. this your you You for We

IZEA Worldwide (IZEA) 13 Aug 202020 Q2 Earnings call transcript