Yext reports Q1 adjusted EPS 13c, consensus 11c
Reports Q1 revenue $109.5M, consensus $107.59M. 'Our first quarter results demonstrate solid execution and growing interest in our expanding platform,' said Michael Walrath, Yext (YEXT) Chairman and CEO. 'We exceeded guidance on both revenue and profitability, delivered record Adjusted EBITDA, and saw encouraging early adoption of new offerings. With the launch of Scout, continued traction from Social, and steady engagement across our core verticals, we're positioning Yext to help brands navigate a rapidly evolving search and discovery landscape. We remain focused on executing with discipline and investing in long-term growth.'
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Scout is targeting the outdoor adventure vehicle market that's been revived in part by the return of the Ford Bronco SUV in 2021 after a 25-year hiatus, as well as Rivian's EVs, which will share some technology with Scout vehicles as a result of the EV maker's joint venture with Volkswagen Group. In April, Scout announced the appointment of Oliver Wollinsky as its chief production officer. Wollinsky previously served as plant manager for SAIC Volkswagen in China. In the role, he will oversee the completion and ramp-up of Scout's assembly plant in South Carolina and lead manufacturing of the company's Traveler SUV and Terra truck, with initial production targeted to start in 2027. Fully electric Scout models are anticipated to offer up to 350 miles of range, while extended range versions are projected to offer more than 500 miles of range using a gas-powered generator, according to the company. Disclosure: AutoTech 2025 is run by Informa, which owns a controlling stake in Informa TechTarget, the publisher behind Automotive Dive. Informa has no influence over Automotive Dive's coverage. Recommended Reading Scout Motors breaks ground on $2B EV plant after environmental delays Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
