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Yext , Inc. Announces First Quarter Fiscal 2022 Results investors.yext.com/news/news-details/2021/Yext-Inc.-Announces-First-Quarter-Fiscal-2022-Results/default.aspx Press Release 05/27/2021 - Total Customer Count Increased 22 % Year - over - Year to Over 2,500 - First Quarter Revenue Increased 8 % Year - over - Year to $ 92.0 Million - Unearned Revenue Increased 22 % Year - over - Year to $ 187 Million - ARR Increased 14 % Year - over - Year to $ 370 Million - Cash and Cash Equivalents Increased to $ 272 Million - Issues Guidance for Second Quarter Fiscal 2022 - Raises Guidance for Full Year Fiscal 2022 NEW YORK , May 27 , 2021 / PRNewswire / -- Yext , Inc. ( NYSE : YEXT ) , today announced its results for the three months ended April 30 , 2021 , or the Company's first quarter of fiscal 2022 . Ye XT ST ( R ) " We are kicking off this year with a very strong first quarter , " said Howard Lerman , Founder and CEO of Yext . " We continue to grow revenue while increasing our business efficiencies and cash position . We are now expanding our search platform to include support search , and have an incredible roadmap that will allow us to deliver Al search everywhere across the enterprise . Our team is energized , and we're in a great position as the world begins to reopen . " First Quarter Fiscal 2022 Highlights : • Revenue of $ 92.0 million , an 8 % increase , compared to $ 85.4 million reported in the first quarter fiscal 2021 . • Gross Profit of $ 70.1 million , a 9 % increase , compared to $ 64.2 million reported in the first quarter fiscal 2021. Gross margin of 76.2 % , compared to 75.2 % reported in first quarter fiscal 2021 . • Net Loss and Non - GAAP Net Loss : o Net loss of $ 17.6 million , compared to the net loss of $ 29.2 million in the first quarter fiscal 2021 . o Non - GAAP net loss of $ 3.0 million , compared to the non - GAAP net loss of $ 11.9 million in the first quarter fiscal 2021 . • Net Loss Per Share and Non - GAAP Net Loss Per Share : o Net loss per share of $ 0.14 in the first quarter fiscal 2022 , compared to net loss per share of $ 0.25 in the first quarter fiscal 2021 . o Non - GAAP net loss per share of $ 0.02 in the first quarter fiscal 2022 , compared to non - GAAP net loss per share of $ 0.10 in the first quarter fiscal 2021 , each on a basic and diluted basis . o Net loss per share and non - GAAP net loss per share were based on 125.4 million and 116.6 million weighted average basic and diluted shares outstanding for the first quarter fiscal 2022 and fiscal 2021 , respectively . • Balance Sheet : Cash and cash equivalents of $ 272 million as of April 30 , 2021. Unearned revenue of $ 187 million as of April 30 , 2021 , compared to $ 153 million as of April 30 , 2020 . Remaining Performance Obligations ( " RPO " ) : RPO of $ 361 million as of April 30 , 2021. RPO expected to be recognized over the next 24 months of $ 341 million with the remaining balance expected to be recognized thereafter . RPO does not include amounts under contract subject to certain accounting exclusions . 1/12