secwatch.observer — SEC 8-K summary
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Issuer:     Yext, Inc. (YEXT)
CIK:        0001614178
Form:       8-K/A
Filed at:   2024-10-17T23:59:59+00:00
Accession:  0001614178-24-000125
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Yext acquires Hearsay Social; Hearsay 2023 revenue $60.5M, net loss $10.2M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1614178/000161417824000125/0001614178-24-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1614178/000161417824000125/yext-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001614178-24-000125

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer