Asana Q2 revenue $89.5M (+72% YoY); raises FY22 revenue outlook to $357-359M

Asana, Inc.

2022-Q2 EPS reported -$0.78 revenue$166,151,000

Revenue $89.5M (+72% YoY); GAAP net loss $68.4M ($0.40 loss per share).
Non-GAAP net loss $39.8M, loss per share $0.23.
Customers spending $50k+ annualized up 111% to 598; net retention rate >145% for this cohort.
Raised FY22 revenue guidance to $357-359M (57-58% YoY growth); Q3 guidance $93-94M revenue.
Free cash flow negative $9.3M, improved from negative $21.9M YoY.

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