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UserTesting (NYSE: USER), a leader in video-based human insight, announced its participation in several upcoming conferences. Highlights include the 17th Annual Needham Virtual Technology & Media Conference on May 18, 2022, the Loop Capital’s 2022 Investor Conference on June 1, and the RW Baird’s Global Consumer, Technology & Services Conference on June 6, followed by the William Blair 42nd Annual Growth Stock Conference on June 8. Presentations will be web-streamed and available for replay via their Investor Relations page. UserTesting serves approximately 2,500 clients, including many top global brands.
UserTesting has received notable recognition as one of the Best Places to Work in the San Francisco Bay Area, ranking 16th out of 35 for companies with 100-199 employees. Additionally, it was awarded the Workplace Wellness Award in the midsize business category. This marks the third consecutive year UserTesting has achieved such honors, reflecting its commitment to an inclusive work environment and employee well-being. The platform helps organizations gather valuable human insights to enhance customer experience.
UserTesting, Inc. (NYSE: USER) reported a record first-quarter revenue of $45.9 million, up 47% year-over-year. Subscription revenue reached $43.2 million, a 51% increase. Despite strong revenue growth, the company incurred a GAAP operating loss of $(15.0) million, improving from (39%) to (33%) of total revenue. The cash flow used in operations increased to $(15.5) million. For Q2 2022, UserTesting projects total revenue of $46.5 million to $47.5 million and a non-GAAP net loss of $(0.10) per share.
UserTesting (NYSE: USER), a leader in video-based human insight, announced that 20% of companies on Fast Company’s 2022 list of The World’s Most Innovative Companies utilized its Human Insight Platform to enhance customer experiences.
Renowned brands like Canva and Farfetch leverage the platform for vital customer insights, driving impactful innovation. A recent Fortune report reveals 79% of CEOs believe understanding customer needs significantly affects financial performance.
UserTesting (NYSE: USER), a leader in human insight technology, has announced a growing adoption of its Human Insight Platform by financial institutions. Major clients include Experian, MetLife, and Coinbase, who utilize the platform to enhance digital customer experiences. The platform aids organizations in navigating the challenges of digital transformation, particularly in areas like digital lending and mobile banking. The company emphasizes the value of first-party data in creating customer-centric products through real-time feedback.
UserTesting (NYSE: USER) announces its compliance with the Health Insurance Portability and Accountability Act (HIPAA), ensuring data security for healthcare organizations. This compliance allows healthcare providers to securely gather feedback via the UserTesting® Human Insight Platform, enhancing patient experiences during their digital transformation journey. Increasing reliance on virtual healthcare, estimated to be a $250 billion market according to a McKinsey report, highlights the importance of capturing patient insights. UserTesting currently serves over 200 healthcare entities.
UserTesting (NYSE: USER) conducted a survey revealing that 85% of Australian employees consider rising food prices, termed 'Lunchflation', a major concern. The survey highlighted that 90% noted significant price increases for coffee and other lunch items. Despite this, 55% indicated that Lunchflation does not influence their return-to-office decisions. Many employees plan to reduce lunch outings, from 3-4 times a week to just 1-2 times, impacting local dining businesses. Additionally, 70% would be more inclined to return to the office if lunch provisions were offered by employers.
UserTesting (NYSE: USER) has unveiled new sustainability test templates for its Human Insight Platform, designed to assist companies aligning with sustainable practices. As consumer preferences shift towards eco-friendly products, these templates allow rapid feedback from target audiences. Research indicates that sustainable products are outpacing traditional ones, growing five to six times faster. The templates include pre-built plans to understand consumer behavior regarding sustainable goods, evolving expectations, and enhance messaging around sustainability initiatives.
UserTesting, Inc. (NYSE: USER) will announce its first quarter financial results for the period ending March 31, 2022, after market close on May 4, 2022. A conference call will take place at 1:30 p.m. PT (4:30 p.m. ET) to discuss the results and future outlook. Investors can access the live webcast via the Investor Relations section of the company’s website. UserTesting specializes in video-based human insight, providing organizations with rapid customer feedback through its Human Insight Platform, which serves over 2,300 customers globally.
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