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Shares of Izea Inc. (IZEA) are Falling in the Mid Trading Session

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The stock of Izea, Inc (PINK: IZEA), falls by 50% in the mid trading session. The stock is trading lower despite positive revenue guidance for the 2012 fiscal year. At present, the penny stock is trading at $0.245 with 3.96 million shares traded, compared to Tuesday’s close of $0.49.

Today, the company provided high-level guidance for its 2012 fiscal year.  As per the guidance, the revenue is expected to double over fiscal year 2011 to $8.6 million, led by its May 2012 sales pipeline of $9.1 million that has jumped by 50% since January 2012 and doubled since May last year. The company is expecting the annual gross profit margin to increase by 56-60%, up from 55% in 2011 and 52% in 2010. The company managed to provide the unique value to clients, optimization of existing platforms, and increased demand for managed services. This effort helped the margin growth over the past three years.

Ted Murphy, founder and chief executive officer of IZEA, said that client base is expanding across multiple industry verticals. Sales pipeline is growing at an average of eight percent month-over-month and we continue to see an increase in conversion rate from pipeline to signed client. In the first quarter of this year, the company conducted campaigns for national and international brands such as S.C. Johnson & Son, Kraft, Walmart, Kia and Lenovo.

Posted by on Wednesday, May 9th, 2012. Filed under Internet, Technology. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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