Welcome to our dedicated page for Yext news (Ticker: YEXT), a resource for investors and traders seeking the latest updates and insights on Yext stock.
Yext, Inc. reports company news around its brand visibility and digital presence platform for multi-location brands. Its updates cover AI and machine-learning technology used to manage structured brand information across search, social media, websites, listings, reviews, reputation management, and customer engagement channels.
Recurring developments include quarterly and fiscal-year results, non-GAAP operating metrics, partner integrations with restaurant and digital marketing technology providers, and capital actions involving Yext common stock. News also reflects how the company positions its platform across AI search, traditional search, social channels, and direct communications for businesses managing digital presence at scale.
Yext, Inc. (NYSE: YEXT) announced that its AI-based search solution, Support Answers, has received the KCS v6 Aligned designation from the KCS Academy for its effectiveness in implementing KCS best practices. This recognition signals Yext's commitment to enhancing customer support through improved content findability and self-service options. The KCS designation reflects the platform's robust natural language processing capabilities. A digital event, 'KM Outcomes: Findability vs. Discoverability', hosted by Yext's industry head Joe Jorczak, is scheduled for April 28, 2022.
Yext (NYSE: YEXT) has launched its Spring '22 Release, featuring the new "Nebula" algorithm update designed to enhance AI search efficiency for businesses. The update introduces several new tools including improved navigation, a revamped search merchandiser, and enhanced data connectors for better integration. Key features aim to streamline the construction and management of search experiences for both customers and employees. Yext remains committed to helping organizations optimize their online presence and deliver superior customer experiences.
Yext (NYSE: YEXT) has announced a share repurchase program approved by its Board of Directors, allowing the company to buy back up to $100 million of its outstanding common stock. This program will be executed in compliance with Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act. The move aims to enhance shareholder value by reducing the number of outstanding shares, potentially improving earnings per share (EPS) and demonstrating confidence in the company's future prospects.
Main Line Health has partnered with Yext (NYSE: YEXT) and Stericycle (Nasdaq: SRCL) to improve patient search and scheduling on its website. Utilizing Yext's AI-powered search and Stericycle's scheduling solutions, patients can now easily find doctors and book appointments online. This collaboration aims to enhance the digital experience for patients, reflecting a commitment to patient-centric healthcare. This initiative marks a significant step in Main Line Health’s ongoing digital transformation, ensuring convenience in healthcare access.
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.