NYSE$YEXT

Yext Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Yext's Q4 2023 results were announced, with revenue of $101.9 million and non-GAAP EPS of $0.05.

Yext announced its Q4 FY23 results, with revenue of $101.9 million, a 1% increase year-over-year, and a net loss per share of $0.06, or non-GAAP earnings per share of $0.05. The company's ARR increased 3% year-over-year to $400 million. CEO Michael Walrath highlighted the company's continued operating efficiency and second consecutive quarter of non-GAAP profitability.

  • Q4 FY23 Revenue of $101.9 Million, Increased 1% Year-over-Year or 3% on a Constant Currency Basis
  • Full Year FY23 Revenue of $400.9 Million, Increased 3% Year-over-Year or 5% on a Constant Currency Basis
  • Q4 FY23 Net Loss Per Share of $0.06 or Non-GAAP Earnings Per Share of $0.05
  • ARR of $400 Million, Increased 3% Year-over-Year or 4% on a Constant Currency Basis

Headline financials

Total Revenue

$102M

Previous: $101M+1.0%
EPS (adj)

$0.05

Previous: -$0.03+266.7%
Adjusted EBITDA

$10.9M

No prior period
Capital Expenditures

$793K

Previous: $1.09M-26.9%
Free Cash Flow

$35.2M

Previous: $28M+25.4%
Net Income

-$7.8M

Previous: -$23.1M+66.3%
Operating Income

-$7.67M

Previous: -$22M+65.1%
Gross Profit

$75.4M

Previous: $76.4M-1.2%
Cash & Equivalents

$190M

Previous: $261M-27.2%
Total Assets

$524M

Previous: $620M-15.6%
Stock-Based Comp

$14.1M

Previous: $19M-26.0%

Revenue & EPS history

Yext · Revenue · Quarterly

$102M

Q4 2023+1%vs Q4 2022
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

Yext provided guidance for its first fiscal quarter ending April 30, 2023 and the fiscal year ending January 31, 2024.

Tailwinds

  • First Quarter Fiscal 2024 Revenue is projected to be in the range of $98.0 million to $99.0 million.
  • First Quarter Fiscal 2024 Adjusted EBITDA is projected to be in the range of $10.5 million to $11.5 million.
  • First Quarter Fiscal 2024 Non-GAAP net income per share is projected to be in the range of $0.05 to $0.06, which assumes 122.9 million weighted-average basic shares outstanding.
  • Full Year Fiscal 2024 Revenue is projected to be in the range of $402.0 million to $406.0 million.
  • Full Year Fiscal 2024 Adjusted EBITDA is projected to be in the range of $44.0 million to $46.0 million.

Headwinds

  • Full Year Fiscal 2024 Non-GAAP net income per share is projected to be in the range of $0.22 to $0.23, which assumes 124.5 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 Q4 2023

Historical avgQ4 2023

-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

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