Yext Inc (YEXT) Reports Record Non-GAAP Profitability for Fiscal 2024 [Yahoo! Finance]
Yext, Inc. (YEXT)
Last yext, inc. earnings: 3/3 04:15 pm
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Source: Yahoo! Finance
Net Income : Achieved first quarterly GAAP net income of $1.7 million, a significant improvement from a net loss of $7.8 million in Q4 FY23. Adjusted EBITDA : Increased to $14.8 million in Q4, up 36% from the same quarter of the prior year. Annual Recurring Revenue (ARR) : Ended FY24 with $387.4 million, a decrease from $400.4 million at the end of FY23. Non-GAAP Net Income : For FY24, reported $42.3 million, compared to a non-GAAP net loss of $2.9 million in FY23. Operating Expenses : Non-GAAP operating expenses decreased to 68% of revenue in Q4 FY24 from 69% in Q4 FY23. Guidance : For Q1 FY25, revenue is projected to be between $96.0 to $96.5 million, and for full-year FY25, revenue is projected to be between $400.0 million to $402.0 million. Warning! GuruFocus has detected 2 Warning Signs with YEXT. On March 6, 2024, Yext Inc ( NYSE:YEXT ), a leader in digital knowledge management, released its 8-K filing , detailing the company's financial results for the fourth qua
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