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Is It Time to Review Stock News? Yext, Inc. (NYSE: YEXT)

ByChristopher Lang

Mar 31, 2020 ,

On 30 March 2020, Yext, Inc. (NYSE: YEXT) stock observed trading -52.72% off 52-week high price. On the other end, the stock has been noted 11.91% away from low price over the last 52-weeks. The stock disclosed a move of -25.55% away from 50 day moving average and -35.49% away from 200 day moving average. Moving closer, we can see that shares have been trading -14.06% off 20-day moving average.

Yext, Inc. (YEXT) recently reported its results for the three months ended January 31, 2020, or the Company’s fourth quarter of fiscal 2020, and the fiscal year ended January 31, 2020.

Fourth Quarter Fiscal 2020 Highlights:

  • Revenue of $81.4M, a 28% increase contrast to the $63.8M stated in the fourth quarter fiscal 2019.
  • Gross Profit of $60.5M, a 26% increase contrast to the $48.1M stated in the fourth quarter fiscal 2019. Gross margin of 74.3% contrast to 75.5% stated in the fourth quarter fiscal 2019.
  • Net Loss and Non-GAAP Net Loss:
  • Net Loss Per Share and Non-GAAP Net Loss Per Share:
  • Balance Sheet:Cash and cash equivalents of $256.1M as of January 31, 2020. Unearned revenue of $176.8M as of January 31, 2020, a 30% increase contrast to $135.5M as of January 31, 2019.
  • Remaining Performance Obligations (“RPO”):RPO of $328.1M as of January 31, 2020. RPO predictable to be recognized over the next 24 months of $309.7M, with the remaining balance predictable to be recognized thereafter. RPO does not include amounts under contract subject to certain accounting exclusions.
  • Cash Flow: Net cash provided by operating activities of $11.7M for the fourth quarter fiscal 2020, contrast to net cash provided by operating activities of $30.8M for the same period of fiscal 2019.

Full Year Fiscal 2020 Highlights:

  • Revenueof $298.8M, a 31% increase contrast to the $228.3M stated in the fiscal year ended January 31, 2019.
  • Gross Profitof $221.8M, a 30% increase contrast to the $170.9M stated in the fiscal year ended January 31, 2019. Gross margin of 74.2% contrast to the 74.9% stated in the fiscal year ended January 31, 2019.
  • Net Loss and Non-GAAP Net Loss:
  • Net Loss Per Share and Non-GAAP Net Loss Per Share:
  • Cash Flow:Cash used in operating activities of $30.8M for the fiscal year ended January 31, 2020, contrast to cash provided by operating activities of $5.2M for the fiscal year ended January 31, 2019.

Readers are encouraged to review the tables labeled “Reconciliation of GAAP to Non-GAAP Financial Measures” at the end of this release.

Recent Business Highlights:

  • Consumer count, which excludes our small business and third-party reseller consumers, increased 38% year-over-year to over 1900.
  • Reported our new office in Tokyo, Japan and plans to hire 100 employees in the country over the next five years.
  • Designated Norihiro Shimogaki as President and COO of Yext Japan, effective February 1, 2020. Shimogaki brings over three decades of experience at leading technology companies to Yext, where he will lead the company’s strategy in Japan in joint venture with President and CEO of Yext Japan, Eiji Uda.

Financial Outlook:

Yext is also providing the following guidance for its first fiscal quarter ending April 30, 2020 and the fiscal year ending January 31, 2021.

  • First Quarter Fiscal 2021 Outlook:
  • Full Year Fiscal 2021 Outlook:

The USA based company Yext, Inc. moved with change of -2.46% to $10.71 with the total traded volume of 843702 shares in recent session versus to an average volume of 1078.49K. YEXT’s shares are at -26.69% for the quarter and driving a -51.01% return over the course of the past year and is now at -25.73% since this point in 2018.  Right now, the stock beta is # ref. The average volatility for the week and month was at 9.32% and 9.49% respectively. There are 119.44M shares outstanding and 98.25M shares are floated in market.

 

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