m_and_a
confidence high
sentiment positive
materiality 0.85
Yext Q2 revenue $113M (+16% YoY); CEO offers $9/share buyout for all shares
Yext, Inc.
- Net income $26.8M vs loss $4.1M YoY; GAAP EPS $0.22 basic; non-GAAP EPS $0.13 basic.
- Adjusted EBITDA $26.4M (23% margin) vs $9.8M; ARR $444.4M (+15% YoY); NRR 95%.
- CEO Michael Walrath proposes $9.00/share cash to acquire all Yext shares not already owned.
- No conference call due to pending proposal; share repurchases YTD $45.2M, $36.7M remaining.
item 2.02item 9.01