This presentation and the accompanying oral presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements regarding revenue and revenue growth including medium term growth targets by channel and international revenue growth, long-term net revenue retention, profitability including by various channels; operating efficiencies including long-term sales productivity and non-GAAP sales and marketing expense as a percentage of revenue; long term non-GAAP margin targets; target long term non-GAAP operating expenses as a percentage of revenue; non-GAAP net income (loss) in fiscal years 2022 and future fiscal years; operating cash flow in fiscal years 2022 and future fiscal years; hiring and sales headcount; growth of our total addressable market; product pipeline and the timing of product availability; the impact of the COVID-19 pandemic on our business and results of operations; and other statements regarding our expectations regarding the growth of our company, our market opportunity, sales efficiency efforts and our industry. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "intend," "potential," "might," "would," "continue," or the negative of these terms or other comparable terminology. Actual events or results may differ from those expressed in these forward-looking statements, and these differences may be material and adverse.
We have based the forward-looking statements contained in this presentation and accompanying oral presentation primarily on our current expectations and projections about future events and trends that we believe may affect Yext's business, financial condition, results of operations, strategy, short- and long-term business operations, prospects, business strategy and financial needs. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including, but not limited to, the impact of the COVID-19 pandemic on U.S. and global markets, our business, operations, financial results, cash flow, demand for our products, sales cycles, and customer acquisition and retention; our ability to renew and expand subscriptions with existing customers especially enterprise customers and attract new customers generally; our ability to successfully expand and compete in new geographies and industry verticals; our ability to maintain and scale our sales force; our ability to expand our service and application provider network; our ability to develop new product and platform offerings to expand our market opportunity, including with Yext Answers; our ability to release new products and updates that are adopted by Yext's customers; our ability to manage our growth effectively; changes to our real estate strategy, in particular the timing and size of our capital expenditures related to new facilities; weakened or changing global economic conditions; the number of options exercised by our employees and former employees; and the accuracy of the assumptions and estimates underlying our financial projections.
For a detailed discussion of these and other risk factors, please refer to the risks detailed in Yext's filings with the Securities and Exchange Commission, including, without limitation, Yext's most recent Annual Report on Form 10-K, which are available at http://investors.yext.com and on the SEC’s website at https://www.sec.gov. Further information on potential risks that could affect actual results will be included in other filings Yext makes with the SEC from time to time. Moreover, Yext operates in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time and it is not possible for Yext to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this presentation and accompanying oral presentation. Yext cannot assure you that the results, events and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results, events or circumstances could differ materially from those described in the forward-looking statements.
Certain information in this presentation and the accompanying oral presentation has been obtained from third-party sources believed to be reliable; however, the Company does not give any representation or warranty as to its accuracy, adequacy, timeliness or completeness, and assumes no responsibility for independent verification of such information. For example, the estimated size and growth of our total addressable market is subject to significant uncertainty and are based on assumptions and estimates that may not prove to be accurate. We have relied on historical estimates and forecasts provided by industry publications and other third-party sources. We have not independently verified these estimates published by third parties and cannot assure you of their accuracy or completeness. See Yext's most recent Annual Report on Form 10-K “Risk Factors – Risks Related to Our Business and Industry – Our estimates of market opportunity, market size and forecasts of market growth may prove to be inaccurate, and even if the market in which we compete achieves our forecasted growth, our business could fail to grow at similar rates, if at all.”
The statements contained in this presentation and accompanying oral presentation are made as of March 17, 2021, unless otherwise indicated, and financial information in this presentation and accompanying oral presentation are as of the dates indicated. Yext undertakes no obligation to update any statements or to conform such statements to actual results or revised expectations, except as required by law.
This presentation and the accompanying oral presentation also include certain non-GAAP financial measures and operating metrics. Additional information and reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures are available in the Appendix. The Appendix also includes definitions and calculations of operating metrics used in the presentation.
This presentation and accompanying oral presentation may not be recorded, referenced, quoted or linked by website, in whole or in part, except as agreed in writing by Yext.