Yext Stock Price, News & Analysis

Yext has announced an equity inducement award for newly appointed CEO Michael Walrath, consisting of 2,000,000 Restricted Stock Units (RSUs). The RSUs are to vest quarterly over four years and are contingent on achieving stock price targets of $15, $17, $19, and $21 per share. A change in control would accelerate the vesting process. This grant is in accordance with NYSE Rule 303A.08 and was approved by the Compensation Committee.

Yext aims to transform enterprise search with its AI-driven platform.

Yext, the AI Search Company, announced a leadership transition effective March 25, 2022. Michael Walrath, previously Chairman, will become CEO, while Darryl Bond, the current Chief Accounting Officer, will take over as CFO. Howard Lerman, founder and CEO since 2006, will step down but remain an advisor. Under Lerman, Yext reported $391 million in revenue for fiscal 2022. Walrath aims to enhance customer focus and operational efficiencies in the next growth phase. Marc Ferrentino will serve as President and COO, ensuring a cohesive customer experience.

Yext, Inc. (NYSE: YEXT) reported its fourth quarter and fiscal year 2022 results, showcasing a 9% revenue growth to $100.9 million, alongside an 8% increase in gross profit to $76.4 million. Despite these improvements, the company experienced a net loss of $23.1 million, up from $18.3 million in the previous year. Non-GAAP metrics indicated a net loss per share of $0.18. Annual revenue reached $390.6 million, a 10% rise year-over-year. The company also provided guidance for Q1 FY 2023 with projected revenues of $96.3 - $97.3 million.

Yext (NYSE: YEXT) has launched a global startup program aimed at assisting early-stage companies in enhancing their digital presence through AI search solutions. Eligible startups, under five years old with less than $5 million in funding, can receive credits worth $35,000 to develop Yext-powered search experiences. Participants gain access to unlimited data storage, APIs, SDKs, and networking opportunities. Yext collaborates with over 20 partners including Zendesk and Hubspot to broaden the program's reach and support.

Yext (NYSE: YEXT) has been named a featured technology partner by WordPress VIP, joining an elite group of enterprise technology companies. This partnership enables WordPress VIP's enterprise clients, such as Facebook and Merck, to enhance their websites with Yext's advanced AI search capabilities. Yext's new plugin simplifies integration for users, offering a no-code framework that improves user experience. The partnership reflects Yext's commitment to leveraging AI for better search outcomes in enterprise environments, providing direct answers rather than standard keyword-based results.

Yext, the AI Search Company, is set to release its fourth quarter and full fiscal year 2022 results on March 8, 2022, after market close. A conference call will follow at 4:30 p.m. ET to discuss the financial results. Investors can access the live webcast on the Yext Investor Relations website. Yext aims to enhance enterprise search with its AI-powered platform, transforming how businesses provide answers to customer queries, moving beyond outdated keyword search technologies.

Yext, the AI Search Company, has been recognized as a leader in enterprise search by G2 and SoftwareReviews in their latest reports. For the fifth consecutive quarter, Yext maintained its 'leader' status across Enterprise and Mid-Market segments in G2's Winter 2022 Report. The company received accolades for its customer-centric solutions, including badges for 'Easiest To Use' and 'Best Support.' Yext ranked No. 1 in ten reports and was recognized in new categories, driving its expansion in AI-powered search. This recognition showcases Yext's commitment to enhancing enterprise search capabilities.

Yext, the AI Search Company, announced new solutions for healthcare organizations to enhance patient experiences through personalized AI search. With 80% of consumers using search engines for local information, Yext's platform consolidates data into a knowledge graph, allowing healthcare providers to offer direct answers tailored to patient inquiries. Key features include AI search experiences, unbranded landing pages for capturing search intent, and reputation management tools to foster trust. Yext aims to improve pre-appointment experiences and help patients find the right providers effectively.

Yext, the AI Search Company (NYSE: YEXT), announced a new integration with Freshdesk, enhancing customer support experiences through AI-powered search capabilities. This integration allows businesses to utilize Yext's advanced search technology to improve help site searches, agent desktop searches, and ticket deflection, reducing the number of support tickets. The integration is available for a 30-day free trial for mutual clients, aiming to provide efficient solutions and enhance customer satisfaction.