Yext reports Q4 GAAP net income of $1.7M; revenue $101.1M slightly down YoY

Yext, Inc.

2024-FY EPS reported -$0.02 revenue$404,322,000

Q4 revenue $101.1M, down 1% YoY; excluding large customer churn would have been slightly up.
First quarterly GAAP net income of $1.7M (EPS $0.01) vs net loss of $7.8M in prior year.
FY revenue $404.3M (+1%); GAAP net loss improved to $2.6M from $65.9M; Non-GAAP net income $42.3M.
Adjusted EBITDA Q4 $14.8M (+36% YoY); full year $54.6M (up 245% from $15.8M).
ARR at FY-end $387.4M vs $400.4M; expects growth re-acceleration in 2H FY2025 with increased sales capacity.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Yext, Inc. reported the fourth fiscal quarter and fiscal year ended January 31, 2024 results: net income GAAP net loss of $2.6 million, compared to a loss of $65.9 million in the prior year period.

Period: the fourth fiscal quarter and fiscal year ended January 31, 2024
Net income: GAAP net loss of $2.6 million, compared to a loss of $65.9 million in the prior year period
Result: reported results

Exact text from the filing

On March 6, 2024, Yext, Inc. (the “Company”) will hold a conference call regarding its financial results for the fourth fiscal quarter and fiscal year ended January 31, 2024.

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Source: SEC EDGAR

accession 0001614178-24-000010

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