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Yext has had a tumultuous journey over the past few months and its market capitalization has been destroyed to the extent that it is in the small cap category now. The company had a decent quarter with revenue increasing by 7% year over year to $98.8 million beating Wall Street expectations. Despite economic uncertainty, inflation, and forex headwinds, its earnings were above expectations. Product innovation continues to be a key area of focus for the management and they are working to make thei
Companies: Yext Inc (YEXT:NYSE)Yext, Inc. (YEXT:NYS)
Baptista Research
Over the past few years, Yext has been going through many ups and downs and it had a particularly tough fiscal year with its CEO and CFO stepping down. The company’s performance has been disappointing and the 4% forecast for the coming fiscal further killed the market enthusiasm. There is little doubt that Yext is facing a challenging operating environment. The management has started to work on streamlining its go-to-market with a unified product and customer approach. It has launched quality pr
Yext has gone through its fair share of ups and downs over the past few quarters and it has become evident that the company’s fate lies in the hands of its core Yext Answers offering. The company had a decent quarter with steady results across channels, new logos, verticals, geographies, and renewals. Their revenue increased by $99.5 million during the quarter, demonstrating strong execution against its growth plan, including renewals. Moreover, the company is seeing signs that its listings busi
Yext delivered a surprisingly good quarterly result with $98 million in revenues driven largely by new customers and upsells. The company’s earnings also exceeded the management guidance and there was a visible effort by the management to increase operating efficiencies in order to maximize margins. A major positive takeaway from the result was that Yext’s unearned revenue increased 12% year-over-year to $165 million. The company’s ARR was $378 million, up 12% year-over-year and renders a strong
Research Tree provides access to ongoing research coverage, media content and regulatory news on Yext, Inc.. We currently have 6 research reports from 2 professional analysts.
Journeo has confirmed record results for FY23A, in-line with recent upgraded expectations across the board. FY23A revenue increased significantly by 118% to £46.1m (including 20% organic growth) and Adj PBT increased 270% to £4m, representing a near doubling of the Adj PBT margin. Journeo has positioned itself for a period of sustained growth following the transformational Infotec acquisition, the bolt-on MultiQ acquisition and ongoing R&D in the existing business. Journeo looks compelling on an
Companies: Journeo plc
Cavendish
Craneware is the market leader in value cycle SaaS provision in the US with a 40% market penetration and the ambition to become ubiquitous in US hospitals. The shackles of Covid disruption, digestion of the Sentry acquisition, and the transitioning of its customers to the fully cloud based Trisus platform, have fallen away and opened up new sales opportunities for the group. While the shares have out-performed strongly, multiples look reasonable compared with peers. We calculate a DCF based fair
Companies: Craneware plc
Capital Access Group
In 2023, the company delivered strong 13% organic constant currency revenue growth and Adjusted EBITDA in line with expectations, even after including one-off inventory provisions.
Companies: Big Technologies PLC
Zeus Capital
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Companies: CML Microsystems Plc
Shore Capital
The trading update confirms revenues in line with our expectations. Excess inventory flow through and market softness in China have impacted CML’s core business, but Microwave Technologies Inc (MwT) is performing ahead of expectations. The net effect, along with MwT acquisition related costs, is that Reported PBT and EBITDA are to be lower than expectations, but not substantially so. The long-term investment case is founded upon the opportunity in next-generation wireless and, with £18m cash and
Progressive Equity Research
GetBusy’s FY23 results show organic revenue growth of +10% to £21.1m, FY23 adjusted EBITDA +£0.1m ahead of our +£0.3m upgrade at the January trading update, and a promising outlook that leads us to reiterate our FY24E forecasts. At constant currency, ARR grew +10% yoy to £20.5m, recurring revenue grew +12% to £20.3m, and net revenue retention of 100.0% per month reflects upselling and price increases, with gross monthly churn of 0.8% per month vs 0.9% in FY22. Within SmartVault, the July 2023 la
Companies: GetBusy Plc
Nanoco, the world-leading provider of cadmium-free Quantum Dot technology, has reported positive 1H24 results, and stated that FY24 performance is expected to be in-line with market expectations. We reiterate our FY24E forecasts. Operationally, the company has achieved strong progress over the past six months, and the interims statement includes further progress on the company’s next-generation revenue programmes being implemented post period end. We maintain our 60.2p price target.
Companies: Nanoco Group PLC
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Broadcast playout automation solutions provider Pebble Beach has reported confident FY23 results to Dec 2023 in line with updated January trading update expectations, and has announced the much-anticipated Project Oceans will launch as PRIMA (Platform for Real-time Integrated Media Applications) in April 2024. This underpins a mid-term 80% recurring revenue ambition and expansion in addressable market. FY23 delivered +11% revenue growth to £12.4m, which benefitted from the unwind of defensive in
Companies: Pebble Beach Systems Group PLC
Companies: LPA SOLI NANO QTX
Companies: PMG DUKE CMCL BOOM
Companies: Windward Ltd.
Canaccord Genuity
Companies: BILN IGP RBN SBTX
Turner Pope Investments
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