secwatch.observer — SEC 8-K summary
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Issuer:     Asana, Inc. (ASAN)
CIK:        0001477720
Form:       8-K
Filed at:   2022-06-02T23:59:59+00:00
Accession:  0001477720-22-000028
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Asana Q1 FY2023 revenue $120.6M (+57% YoY); net loss widens to $98.9M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477720/000147772022000028/0001477720-22-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477720/000147772022000028/asan-20220602.htm
  HTML page:      https://secwatch.observer/filing/0001477720-22-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer