Loading...
•
Apr 30, 2021
Yext Q1 2022 Earnings Report
Yext's first quarter of fiscal year 2022 resulted in revenue growth, increased business efficiencies, and a stronger cash position.
Key Takeaways
Yext announced a strong first quarter with revenue increasing by 8% year-over-year to $92.0 million. The company is expanding its search platform to include support search and has a roadmap to deliver AI search across the enterprise.
Revenue of $92.0 million, an 8% increase year-over-year.
Gross Profit of $70.1 million, a 9% increase year-over-year, with a gross margin of 76.2%.
Net loss of $17.6 million, improved from a net loss of $29.2 million in the first quarter of fiscal 2021.
Cash and cash equivalents of $272 million as of April 30, 2021.
Yext
Yext
Forward Guidance
Yext provided revenue and non-GAAP net loss per share guidance for the second quarter and full year of fiscal 2022.
Positive Outlook
- Second Quarter Fiscal 2022 Revenue is projected to be in the range of $94 million to $96 million.
- Second Quarter Fiscal 2022 Non-GAAP net loss per share is projected to be $0.09 to $0.07 which assumes 127.0 million weighted-average basic shares outstanding.
- Full Year Fiscal 2022 Revenue is projected to be in the range of $381 million to $386 million.
- Full Year Fiscal 2022 Non-GAAP net loss per share is projected to be $0.22 to $0.17 which assumes 128.2 million weighted-average basic shares outstanding.