NYSE$YEXT

Yext Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Yext's first quarter of fiscal year 2022 resulted in revenue growth, increased business efficiencies, and a stronger cash position.

Yext announced a strong first quarter with revenue increasing by 8% year-over-year to $92.0 million. The company is expanding its search platform to include support search and has a roadmap to deliver AI search across the enterprise.

  • Revenue of $92.0 million, an 8% increase year-over-year.
  • Gross Profit of $70.1 million, a 9% increase year-over-year, with a gross margin of 76.2%.
  • Net loss of $17.6 million, improved from a net loss of $29.2 million in the first quarter of fiscal 2021.
  • Cash and cash equivalents of $272 million as of April 30, 2021.

Headline financials

Total Revenue

$92M

Previous: $85.4M+7.8%
EPS (adj)

-$0.02

Previous: -$0.10+80.0%
Capital Expenditures

-$7.46M

Previous: $21.3M-135.1%
Free Cash Flow

-$25.1M

Previous: -$21.9M-14.4%
Net Income

-$17.6M

Previous: -$29.2M+39.7%
Operating Income

-$17.2M

Previous: -$29.2M+41.0%
Gross Profit

$70.1M

Previous: $64.2M+9.3%
Cash & Equivalents

$272M

Previous: $249M+9.4%
Total Assets

$599M

Previous: $537M+11.5%
Stock-Based Comp

$14.6M

Previous: $17.4M-16.0%

Revenue & EPS history

Yext · Revenue · Quarterly

$92M

Q1 2022+7.8%vs Q1 2021
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Forward guidance

Yext provided revenue and non-GAAP net loss per share guidance for the second quarter and full year of fiscal 2022.

Tailwinds

  • Second Quarter Fiscal 2022 Revenue is projected to be in the range of $94 million to $96 million.
  • Second Quarter Fiscal 2022 Non-GAAP net loss per share is projected to be $0.09 to $0.07 which assumes 127.0 million weighted-average basic shares outstanding.
  • Full Year Fiscal 2022 Revenue is projected to be in the range of $381 million to $386 million.
  • Full Year Fiscal 2022 Non-GAAP net loss per share is projected to be $0.22 to $0.17 which assumes 128.2 million weighted-average basic shares outstanding.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.9%

Avg return

Earnings day

-1.7%

Avg return

5 days after

-4.4%

Avg return

30 days after

36%

13 / 36 earnings

Positive

+44.0%

Q1 2024

Best reaction

-27.9%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-2.7%-7.3%-39.0%
Q3 2026-4.6%-5.8%-8.0%
Q2 2026-1.5%-1.7%-4.2%
Q1 2026+31.6%+28.3%+21.1%
Q4 2025-4.1%-6.1%-10.2%
Q3 2025-17.0%-23.6%-23.3%
Q2 2025+15.6%+32.6%+39.7%
Q1 2025-2.3%-2.3%-4.5%
Q4 2024+12.2%+3.3%+2.8%
Q3 2024-21.4%-19.3%-21.6%
Q2 2024-27.9%-26.1%-31.3%
Q1 2024+44.0%+40.4%+10.8%
Q4 2023+9.6%-0.5%-3.0%
Q3 2023+20.9%+15.6%+24.1%
Q2 2023+8.4%+12.5%+10.8%
Q1 2023+6.6%+4.3%-4.5%
Q4 2022-10.5%-1.5%+7.5%
Q3 2022+11.9%+16.2%+8.4%
Q2 2022-6.0%-8.0%-12.9%
Q1 2022+15.5%+9.2%+16.3%
Q4 2021-17.8%-22.1%-16.4%
Q3 2021-16.2%-15.0%-16.0%
Q2 2021-16.0%-17.0%-20.1%
Q1 2021-7.5%-11.5%-1.7%
Q4 2020+1.5%-4.4%-39.7%
Q3 2020-13.8%-17.1%-13.8%
Q2 2020-10.7%-6.9%-10.3%
Q1 2020-5.9%-5.4%+2.9%
Q4 2019+14.0%+17.2%+10.4%
Q3 2019-18.6%-15.4%-18.1%
Q2 2019-7.1%-5.8%-11.4%
Q1 2019+12.2%+14.0%+27.7%
Q4 2018-3.8%-6.2%-4.7%
Q3 2018-3.9%-9.5%-14.3%
Q2 2018-3.7%-4.0%-1.7%
Q1 2018-11.6%-12.3%-9.6%
Q4 2017
Q3 2016
Q2 2016
Q1 2016
Q4 2015

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro