YEXT Earnings Rise 1.7% in Q2 of FY2024 with Total Revenues of USD 102.6 Million
September 9, 2023
🌥️Earnings Overview
YEXT ($NYSE:YEXT) announced their Q2 FY2024 earnings, with a total revenue of USD 102.6 million for the period ending July 31 2023, which is a 1.7% growth from the same quarter of the previous year. Additionally, net income was reported to be USD -3.4 million, a remarkable improvement from the -20.0 million reported last year.
Analysis
GoodWhale has done an extensive analysis of YEXT‘s fundamentals and has determined that it is a medium risk investment in terms of financial and business aspects. In particular, GoodWhale has identified two risk warnings in both the income sheet and the cashflow statement, which may affect the company’s risk profile. Furthermore, GoodWhale has provided insight into the company’s financial performance and business operations, allowing investors to make a more informed decision when considering YEXT as an investment. Anyone interested in learning more about YEXT’s financial and business risks can register with GoodWhale to get access to the full analysis. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Yext. YEXT_Earnings_Rise_1.7_in_Q2_of_FY2024_with_Total_Revenues_of_USD_102.6_Million”>More…
| Total Revenues | Net Income | Net Margin |
| 403.23 | -23.96 | -16.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Yext. YEXT_Earnings_Rise_1.7_in_Q2_of_FY2024_with_Total_Revenues_of_USD_102.6_Million”>More…
| Operations | Investing | Financing |
| 17.85 | -6.19 | -79.02 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Yext. YEXT_Earnings_Rise_1.7_in_Q2_of_FY2024_with_Total_Revenues_of_USD_102.6_Million”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 459.35 | 320.33 | 1.05 |
Key Ratios Snapshot
Some of the financial key ratios for Yext are shown below. YEXT_Earnings_Rise_1.7_in_Q2_of_FY2024_with_Total_Revenues_of_USD_102.6_Million”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.8% | – | -15.8% |
| FCF Margin | ROE | ROA |
| 2.9% | -9.6% | -2.9% |
Peers
Its competitors are Rewardle Holdings Ltd, Peer to Peer Network, and Scryb Inc.
– Rewardle Holdings Ltd ($ASX:RXH)
Revenue Management Solutions is a provider of cloud-based software solutions for the hospitality and gaming industries. The company’s products and services include yield management, pricing optimization, and guest engagement solutions. The company was founded in 2007 and is headquartered in Melbourne, Australia.
– Peer to Peer Network ($OTCPK:PTOP)
P2P Network is a decentralized network of computers that allows users to share data and resources directly with each other without the need for a central server. The company has a market cap of 1.53M as of 2022 and a ROE of 69.91%. P2P Network is an ideal solution for businesses that need to share data and resources internally, or with partners and clients. The company’s decentralized approach to data sharing means that there is no single point of failure, and data is more secure from hackers and other unauthorized users.
– Scryb Inc ($BER:EIY2)
The company’s market cap is 17.94M as of 2022. The company’s ROE is -105.94%. The company’s products include software for managing and analyzing customer data, marketing campaigns, and social media. The company also provides services for developing and managing customer relationships.
Summary
YEXT‘s second quarter of FY2024 was overall positive, reporting total revenue of USD 102.6 million and net income of -3.4 million. Investors should be encouraged by YEXT’s improved financial performance, which could indicate an increase in investor confidence in the company’s future prospects. However, further monitoring is necessary in order to understand the sustainability of these results.
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