NEW YORK, NY / ACCESSWIRE / April 19, 2018 / Wednesday proved to be a solid day of gains for both IZEA and DropCar with both companies revealing strong numbers on how their businesses are doing. IZEA shares exploded after reporting fourth quarter and full year results while DropCar saw gains after providing a first quarter preliminary update.
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IZEA, Inc. shares skyrocketed in Wednesday's trading session and closed with gains of 44.09%. The operator of IZEA, the premier online marketplace connecting brands and publishers with influential content creators, reported fiscal 2017 fourth quarter results as well as full year 2017 results. For the fourth quarter the company reported revenue of $6.8 million, which was a 16% increase compared to the year ago period. Net loss of $(743,000) was narrower than the net loss of $(1.83 million) in the year ago quarter. For the full year the company reported total revenue of $24.4 million, representing a 15% increase from full year 2016 results. Net loss of $(5.5) million was also better than the net loss of $(7.6) million from 2016. Chairman and CEO Ted Murphy stated, "IZEA has demonstrated meaningful improvement across the board in 2017. We released an impressive array of new technologies, delivered record revenue, record gross billings, and achieved our goal of getting to our first Adjusted EBITDA positive quarter a full year ahead of schedule. The improvements we made throughout the year had a significant impact on our efficiency and overall strength as an organization."
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DropCar, Inc. shares closed up 8.85% on about 4.8 million shares traded on Wednesday. It was yesterday that the provider of app-based automotive logistics and mobility services for consumers and the automotive industry, provided a preliminary first quarter update on its business. The company will be releasing its Q1 results sometime next month. The company reported that Mercedes Benz, which is the first of its four Tier-One corporate customers, had seen an increase in volume by 46% YOY during the first quarter ended March 31st, 2018. It was also during the quarter that the company signed its fourth tier-one automotive brand. Dealer-related B2B job volumes also saw a 240% YOY increase during the quarter.
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