earnings
confidence high
sentiment positive
materiality 0.65
Yext Q2 FY2023 revenue $100.9M (+3% YoY); net loss narrows to $20.0M
Yext, Inc.
2023-Q2 EPS reported
-$0.36
revenue$199,671,000
- Revenue $100.9M (+3% YoY); gross margin 73.2% (vs 72.9% yr ago); FX headwind ~$2.8M.
- GAAP net loss $20.0M ($0.16/sh) vs $27.6M ($0.22) prior yr; non-GAAP loss $3.9M ($0.03).
- ARR $387M (+2% YoY); customer count over 2,870 (+8% YoY); cash $188M.
- RPO $327M, with $310M expected over next 24 months.
- Issues Q3 FY2023 and updated FY2023 guidance; management cites progress toward profitability.