Yext (NYSE:YEXT), the New York-based software developer specializing in digital presence and search, reported a net income of $4.2 million for its fiscal fourth quarter on Monday.
The results mark a continued push toward profitability as the company navigates a shifting landscape for enterprise search technology.
For the three-month period, Yext posted a GAAP net income of 1 cent per share.
When adjusted for one-time gains and costs, earnings rose to 14 cents per share.
Total revenue for the quarter reached $112 million, reflecting the company's efforts to stabilize its top line while focusing on bottom-line efficiency.
On an annual basis, Yext achieved a net profit of $37.9 million, a significant milestone for the firm as it scales its AI-driven search solutions.
This translates to full-year earnings of 7 cents per share.
Total revenue for the fiscal year was reported at $446.6 million, highlighting the steady adoption of its platform by enterprise clients seeking to manage their digital footprints across third-party maps, apps, and search engines.