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Apr 30, 2023
Yext Q1 2024 Earnings Report
Yext's first quarter of fiscal year 2024 resulted in revenue of $99.5 million, a 1% increase year-over-year, and non-GAAP earnings per share of $0.09.
Key Takeaways
Yext announced a strong start to the year, achieving record levels in the first quarter with both non-GAAP EPS and Adjusted EBITDA. Revenue increased by 1% year-over-year to $99.5 million, and adjusted EBITDA was $14.4 million.
Revenue of $99.5 million, a 1% increase year-over-year or 2% on a constant currency basis.
Net loss per share of $0.00 or Non-GAAP earnings per share, basic, of $0.09.
Net loss of $0.4 Million or Adjusted EBITDA of $14.4 Million.
ARR of $398 Million, Increased 3% Year-over-Year on an as Reported and Constant Currency Basis.
Forward Guidance
Yext is providing the following guidance for its second fiscal quarter ending July 31, 2023 and fiscal year ending January 31, 2024. Revenue is projected to be in the range of $101.5 to $102.5 million;Adjusted EBITDA is projected to be in the range of $11.0 million to $12.0 million; and Non-GAAP net income per share is projected to be in the range of $0.06 to $0.07, which assumes 124.6 million weighted-average basic shares outstanding.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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