- The company has had success and growth with recent products, notably Answers.
- Yext's unearned revenue creates a long tail of revenue recognition that should help lead to profitability.
- The company has seen impressive growth in number and size of customers.
- Losses growing due to increased headcount of sales reps for strategic future growth.
- Effect of pandemic: some potential customers in certain industries either could not be closed by sales staff or did not have the budget to renew contracts, but big government contracts will be important.
For further details see:
Yext's Path To Profitability