Yext Stock Price, News & Analysis

Yext (NYSE: YEXT) announces its Spring '23 Release, enhancing its Answers Platform for businesses to create and manage digital experiences. Key features include Studio, a no-code web editor; Content Generation, an automated content creation tool; and DAM Capabilities for managing digital assets. This release empowers organizations to optimize their presence across various platforms, including Apple Maps through a new integration. The company aims to level the digital playing field for businesses against larger competitors. A virtual event is scheduled for April 12th at 11:00 AM EST.

Yext, Inc. (NYSE: YEXT) has launched Studio, a no-code visual editor that enables both technical and non-technical users to build custom websites effortlessly. The Studio utilizes a drag-and-drop interface for developing React-based, statically generated web properties while ensuring SEO optimization. This tool aims to enhance collaboration among web teams by allowing users to modify content visually, with all changes tracked in a shared GitHub repository. Yext's President, Marc Ferrentino, emphasizes that Studio democratizes website creation, allowing users without technical expertise to build high-performing sites efficiently.

Yext has joined the MACH Alliance, an industry group promoting open technology ecosystems. This membership demonstrates Yext's compliance with the MACH standards: microservices-based, API-first, cloud-native SaaS, and headless architecture. The partnership allows Yext to enhance its Answers Platform, which offers integrative solutions for businesses to connect various digital experiences efficiently. With this certification, Yext aims to facilitate the shift from outdated systems to flexible, best-of-breed technologies.

Yext, Inc. reported its Q4 FY23 results, achieving revenue of $101.9 million, a 1% year-over-year increase. The full-year FY23 revenue reached $400.9 million, up 3%. The company reported a net loss of $7.8 million for Q4, improving from a loss of $23.1 million in Q4 FY22. Non-GAAP net income was $6.3 million versus a loss of $4.1 million a year earlier. Annual Recurring Revenue (ARR) rose 3% to $400 million, with customer count increasing 7% to over 2,960. Yext anticipates Q1 FY24 revenue between $98.0 million and $99.0 million and full-year revenue guidance of $402.0 million to $406.0 million.

Yext (NYSE: YEXT) announces participation in the 35th Annual Roth Conference on March 13, 2023. CEO Michael Walrath and CFO Darryl Bond will engage in a fireside chat at 3:00 PM ET and are available for one-on-one meetings with investors later that day.

A live video and audio webcast can be accessed via the Yext Investor Relations website, with a replay available until March 12, 2024. Yext continues to empower organizations by providing authoritative answers through its innovative Answers Platform, enhancing customer engagement across various digital platforms.

Yext has unveiled new generative AI capabilities within its Knowledge Graph, aimed at automating and enhancing content creation processes for businesses. The feature will officially launch in March, following a successful year-long pilot with select customers. This innovation employs large language models, including GPT-3, to generate and suggest tailored content that aligns with a client's existing information and brand identity. Organizations can streamline creating various content types, from descriptions to blog posts, while maintaining quality control through a review workflow.