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Jan 31, 2020
Yext Q4 2020 Earnings Report
Announced Q4 and full year fiscal 2020 results.
Key Takeaways
Yext reported a stunning Q4 and solid end to fiscal year 2020, driven by a terrific platform of products driving strong demand across the board.
Revenue of $81.4 million, a 28% increase compared to the $63.8 million reported in the fourth quarter fiscal 2019.
Gross Profit of $60.5 million, a 26% increase compared to the $48.1 million reported in the fourth quarter fiscal 2019.
Net loss of $30.6 million, compared to the net loss of $15.5 million in the fourth quarter fiscal 2019. The increased net loss was driven primarily by higher operating expenses, due to an overall increase in employee-related costs, as well as the impact of new lease arrangements, including New York, NY.
Non-GAAP net loss of $13.7 million, compared to the non-GAAP net loss of $3.2 million in the fourth quarter fiscal 2019.
Yext
Yext
Forward Guidance
Yext provided revenue guidance for its first fiscal quarter ending April 30, 2020 and the fiscal year ending January 31, 2021.
Positive Outlook
- First Quarter Fiscal 2021 Outlook: Revenue is projected to be $85.0 million to $87.0 million.
- Full Year Fiscal 2021 Outlook: Revenue is projected to be $378.0 million to $382.0 million.
- First Quarter Fiscal 2021 Outlook: Non-GAAP net loss per share is projected to be $0.14 to $0.11, which assumes 116.7 million weighted-average basic shares outstanding.
- Full Year Fiscal 2021 Outlook: Non-GAAP net loss per share is projected to be $0.50 to $0.45, which assumes 119.5 million weighted-average basic shares outstanding.