Why Yext Inc (NYSE: YEXT) stock is falling

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Yext Inc (NYSE: YEXT) stock lost over 1.8% in the pre market session of March 7th, 2019 (Source: Google finance) . For its current fiscal first quarter, Yext forecast sales of $66 million to $67 million with a midpoint below analysts’ average estimates of $67.0 million, according to IBES data from Refinitiv. Yext said it expects between $295 million and $300 million for its fiscal 2020, with the midpoint slightly below analyst expectations of $297.6 million, according to Refinitiv data.

 

This quarter the company signed a 128 new enterprise logos. Now that is an astounding 68% increase from the fourth quarter last year, and it’s the best quarter ever for new logos. Including this quarter, new logos like NewYork-Presbyterian Hospital, Allegheny Health, Adidas, Nationwide Insurance, PNC Bank, Dunkin’ Brands, Chick-fil-A, Chipotle and many, many more, and we also signed renewals and expansions with Farmers Insurance, T-Mobile, Marriott, Tesco in the United Kingdom, Denny’s, Panera, 7-Eleven and many, many more. On a non-GAAP basis net loss that excludes stock-based comp improved 21% this quarter from $9.6 million a year ago to $7.6 million this quarter. Non-GAAP loss margin went from 20% of revenue a year ago to 11.9% in the current quarter. Cash, cash equivalents and marketable securities of $142.8 million as of January 31, 2019. Cash provided by operating activities for the fourth quarter of fiscal 2019 was $30.8 million as compared to cash used in operating activities of $2.1 million in the same period in fiscal 2018. The improvement in cash flow in the current period reflects improved working capital, driven primarily by a higher amount of unearned revenue. RPO as of January 31, 2019 was $262.0 million, with $242.9 million expected to be recognized over the next 24 months

For its fiscal year ended Jan. 31, Yext reported revenue of $228.8 million. The company lost 40 cents per share excluding items

YEXT in the fourth quarter of FY 19 has reported the adjusted loss per share of 3 cents. The company had reported the adjusted revenue growth of 33 percent to $63.8 million in the fourth quarter of FY 19

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