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UserTesting (NYSE: USER) announced its collaboration with Oakland Roots Sports Club to enhance fan engagement through its Human Insight Platform. The initiative aims to redesign the club's website and mobile app based on direct feedback from fans. This partnership has also facilitated the launch of Oakland Soul, a women's soccer team, set to debut in Spring 2023. The insights gained have led to improved user engagement, featuring reorganized mobile app widgets and a deeper understanding of fan preferences.
UserTesting (NYSE: USER) has partnered with Tbot Techno Systems to become its first authorized reseller in India and Singapore. This collaboration aims to enhance the adoption of the UserTesting Human Insight Platform in these regions, providing consulting and training services to local organizations. A recent Adobe report highlights the increasing need for customer insights in the Asia-Pacific region, where businesses are rapidly shifting to digital-first strategies. UserTesting’s platform is already trusted by leading brands in this market.
UserTesting (NYSE: USER) has launched new test templates for its Human Insight Platform, designed to help retailers prepare for the 2022 Black Friday and holiday shopping season. With consumer concerns about inflation, these templates provide crucial insights into shopping behaviors, enabling companies to adapt to changing market demands. Retailers can use these tools to enhance online purchase flows, reduce cart abandonment, and improve promotional strategies. The initiative aims to equip brands with the understanding needed to create positive shopping experiences and improve conversion rates.
UserTesting (NYSE: USER) supports Krikey, the developer behind the newly launched SolarPups NFT game, utilizing its Human Insight Platform for user feedback. The collaboration facilitated the successful pre-sale of 200 NFT characters shortly after launch. UserTesting enables the identification of customer preferences, enhancing product development decisions. CEO Jhanvi Shriram emphasized the importance of user insights in shaping the game’s features. This partnership showcases the increasing relevance of user experience in the NFT gaming sector.
UserTesting, Inc. (NYSE: USER) reported a record second quarter revenue of $47.6 million, reflecting a 36% year-over-year increase. Subscription revenue rose 40% to $45.2 million. Despite this growth, the company faced a GAAP operating loss of $18.7 million, widening from $11.5 million in the previous year. UserTesting maintained $164.4 million in cash, with a reduced cash burn of $(1.3) million in operations. For Q3 2022, revenue guidance is set between $47.5 million and $48.5 million, amid macroeconomic challenges.
UserTesting, a leader in video-based human insight, has launched new test templates for its Human Insight Platform. These templates aim to assist digital product teams in making informed decisions earlier in the development process, ultimately reducing costs and enhancing customer retention. By utilizing these tools, organizations can quickly identify customer challenges and validate concepts, minimizing risks associated with product launches. The templates come with pre-built plans for discovering customer needs, prioritizing features, and accelerating insights, helping companies adapt to current market dynamics.
UserTesting (NYSE: USER) CEO Andy MacMillan will engage in a discussion on empathy in leadership and Edinburgh's role as a European tech hub, facilitating growth in Scotland’s tech community. The event is scheduled for August 4, 2022, at UserTesting’s European headquarters in Edinburgh. It seeks to share insights on customer feedback's impact on business decisions during economic challenges and experiences from scaling a SaaS company. The discussion highlights the opportunities Edinburgh offers for technology companies through local talent and partnerships.
UserTesting (NYSE: USER), a leader in video-based human insights, has announced its participation in key industry conferences. The events include the Oppenheimer Technology, Internet & Communications Conference on August 10, 2022, the Canaccord Growth Conference on August 11, 2022, and the Piper Sandler Growth Frontiers Conference on September 14, 2022. Investors can access live and archived webcasts through the Investor Relations section of UserTesting’s website. The company has around 2,500 customers, including over half of the top 100 brands according to Forbes.
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