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Oct 31, 2020
Yext Q3 2021 Earnings Report
Yext's third quarter revenue increased by 17% year-over-year, reaching $89.1 million.
Key Takeaways
Yext reported a solid third quarter with revenue increasing by 17% year-over-year to $89.1 million. The company is focused on bringing modern search to businesses and improving sales efficiency.
Revenue increased 17% year-over-year to $89.1 million.
Gross profit increased 20% year-over-year to $67.4 million with a gross margin of 75.7%.
Net loss was $22.0 million, an improvement from the $42.7 million loss in the third quarter of fiscal 2020.
Cash and cash equivalents totaled $209 million as of October 31, 2020.
Forward Guidance
Yext projects revenue to be in the range of $87 million to $89 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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