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Jan 31, 2023
Yext Q4 2023 Earnings Report
Yext's Q4 2023 results were announced, with revenue of $101.9 million and non-GAAP EPS of $0.05.
Key Takeaways
Yext announced its Q4 FY23 results, with revenue of $101.9 million, a 1% increase year-over-year, and a net loss per share of $0.06, or non-GAAP earnings per share of $0.05. The company's ARR increased 3% year-over-year to $400 million. CEO Michael Walrath highlighted the company's continued operating efficiency and second consecutive quarter of non-GAAP profitability.
Q4 FY23 Revenue of $101.9 Million, Increased 1% Year-over-Year or 3% on a Constant Currency Basis
Full Year FY23 Revenue of $400.9 Million, Increased 3% Year-over-Year or 5% on a Constant Currency Basis
Q4 FY23 Net Loss Per Share of $0.06 or Non-GAAP Earnings Per Share of $0.05
ARR of $400 Million, Increased 3% Year-over-Year or 4% on a Constant Currency Basis
Yext
Yext
Forward Guidance
Yext provided guidance for its first fiscal quarter ending April 30, 2023 and the fiscal year ending January 31, 2024.
Positive Outlook
- First Quarter Fiscal 2024 Revenue is projected to be in the range of $98.0 million to $99.0 million.
- First Quarter Fiscal 2024 Adjusted EBITDA is projected to be in the range of $10.5 million to $11.5 million.
- First Quarter Fiscal 2024 Non-GAAP net income per share is projected to be in the range of $0.05 to $0.06, which assumes 122.9 million weighted-average basic shares outstanding.
- Full Year Fiscal 2024 Revenue is projected to be in the range of $402.0 million to $406.0 million.
- Full Year Fiscal 2024 Adjusted EBITDA is projected to be in the range of $44.0 million to $46.0 million.
Challenges Ahead
- Full Year Fiscal 2024 Non-GAAP net income per share is projected to be in the range of $0.22 to $0.23, which assumes 124.5 million weighted-average basic shares outstanding.