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Yext\u2019s first earnings report as a publicly traded company seems to be a boringly pleasant one \u2014 but that\u2019s a good thing for a company that needs to show strong performance out of the gate.<\/p>\n
These early reports can be critical for setting the stage and expectations for a company going forward. Snap, for example, whiffed on its first earnings and promptly saw its stock tank, and Twilio\u2019s last report did not fare that well either<\/a>. While Snap opened the floodgates for IPOs this year, an enterprise company like Yext had to show the kind of predictable growth and performance that might be expected from similar companies like Box (which also had a boringly pleasant earnings report this quarter).<\/p>\n Now on to the boring bits, which sent the stock up 1 percent in extended trading: Yext said it generated $37.1 million in revenue, up 37 percent from the same quarter last year. It also reported a loss of 13 cents per share.\u00a0Wall Street expected a loss of 15 cents per share on revenue of $35.4 million. For a young company, it may seem like a nominal amount of revenue, but it has to show it can continue to grow a business built on the backs of a user behavior that companies have to chase \u2014 getting the information they need from a variety of different sources on the internet.<\/p>\n The company\u2019s software helps companies make sure their basic information \u2014 like addresses \u2014 are the same and accurate across the variety of apps and sites that people use every day. If you\u2019re looking for a location of a restaurant, you probably aren\u2019t going to the company\u2019s website. Instead, users are likely searching on Google Maps or other apps, which gives these companies an incentive to pay for Yext to make sure all that works smoothly.<\/p>\n