M&A
confidence medium
sentiment neutral
materiality 0.50
Yext acquires Hearsay Social; Hearsay 2023 revenue $60.5M, net loss $10.2M
Yext, Inc.
- Hearsay Social FY2023 revenue $60.5M, gross profit $44.9M (74% margin).
- Net loss $10.2M, operating loss $9.9M; accumulated deficit $89.0M.
- Cash and equivalents $12.2M, total assets $40.9M as of Dec 31, 2023.
- Deferred revenue $37.9M reflects subscription model; customer concentration and losses noted.