earnings
confidence high
sentiment neutral
materiality 0.75
Asana Q1 FY2023 revenue $120.6M (+57% YoY); net loss widens to $98.9M
Asana, Inc.
2023-Q1 EPS reported
-$0.52
revenue$120,646,000
- Revenue $120.6M (+57% YoY); GAAP net loss $98.9M ($0.52/sh) vs $60.7M loss a year ago.
- Non-GAAP operating loss $54.7M (45% of rev) vs $33.3M (43%); free cash flow negative $42.2M.
- Customers spending $5k+ annualized grew 48% to 16,689; $50k+ customers up 102% to 979.
- Dollar-based net retention: over 120% overall; over 145% for $50k+ customers.
- Q2 FY2023 guidance: rev $127M-$128M (42-43% YoY); FY2023 guidance: rev $536M-$540M.