Asana Q2 revenue $134.9M (+51% YoY); announces $350M private placement

Asana, Inc.

2023-Q2 EPS reported -$1.11 revenue$255,542,000

Revenue $134.9M, +51% YoY; GAAP net loss $113.0M ($0.59 loss per share) vs $68.4M loss a year ago.
Non-GAAP operating loss $62.6M (46% of revenue) vs $38.6M (43%) in Q2 FY2022.
Customers spending $100k+ annualized grew 105% YoY to 462; dollar-based net retention over 120%.
Announces $350M private placement to fund strategy; targets free cash flow positive before end of calendar 2024.
Q3 FY2023 revenue guidance $138.5-139.5M (38-39% growth); FY2023 revenue guidance $544-547M (44-45% growth).

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