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Yext , Inc. Announces Third Quarter Fiscal 2022 Results EXHIBIT 99.1 Customer Count Increased 20 % Year - over - Year to Over 2,700 Third Quarter Revenue Increased 12 % Year - over - Year to $ 99.5 Million Unearned Revenue Increased 18 % Year - over - Year to $ 151 Million ARR Increased 12 % Year - over - Year to $ 387 Million Cash and Cash Equivalents of $ 230 Million Issues Guidance for Fourth Quarter Fiscal 2022 Raises Guidance for Full Year Fiscal 2022 NEW YORK , December 2 , 2021 / PRNewswire / -- Yext , Inc. ( NYSE : YEXT ) , the AI Search Company , today announced its results for the three months ended October 31 , 2021 , or the Company's third quarter of fiscal 2022 . " We are on the road to recovery , " said Howard Lerman , Founder and CEO of Yext . " The solid results we delivered in the third quarter reflect strong execution against our growth plans . Answers is growing quickly , our Listings business is recovering , and our land - and - expand sales strategy is working . That , coupled with new growth vectors yet to tap , make us optimistic about the future . " Third Quarter Fiscal 2022 Highlights : • • • Revenue of $ 99.5 million , a 12 % increase , compared to $ 89.1 million reported in the third quarter fiscal 2021 . Gross Profit of $ 74.3 million , a 10 % increase , compared to $ 67.4 million reported in the third quarter fiscal 2021. Gross margin of 74.6 % , compared to 75.7 % reported in the third quarter fiscal 2021 . Net Loss and Non - GAAP Net Loss : о Net loss of $ 24.9 million , compared to the net loss of $ 22.0 million in the third quarter fiscal 2021 . о Non - GAAP net loss of $ 5.5 million , compared to the non - GAAP net loss of $ 2.8 million in the third quarter fiscal 2021 . Net Loss Per Share and Non - GAAP Net Loss Per Share : • о Net loss per share of $ 0.19 in the third quarter fiscal 2022 , compared to net loss per share of $ 0.18 in the third quarter fiscal 2021 . о о Non - GAAP net loss per share of $ 0.04 in the third quarter fiscal 2022 , compared to non - GAAP net loss per share of $ 0.02 in the third quarter fiscal 2021 . Net loss per share and non - GAAP net loss per share were each based on 128.6 million and 120.7 million weighted - average basic shares outstanding for the third quarter fiscal 2022 and for the third quarter fiscal 2021 , respectively . Balance Sheet : Cash and cash equivalents of $ 230 million as of October 31 , 2021. Unearned revenue of $ 151 million as of October 31 , 2021 , compared to $ 129 million as of October 31 , 2020 . Remaining Performance Obligations ( " RPO " ) : RPO of $ 337 million as of October 31 , 2021. RPO expected to be recognized over the next 24 months of $ 315 million with the remaining balance expected to be recognized thereafter . RPO does not include amounts under contract subject to certain accounting exclusions . Cash Flow : Net cash used in operating activities was $ 9.7 million for the three months ended October 31 , 2021 , compared to net cash used in operating activities of $ 7.4 million for the three months ended October 31 , 2020 . 1