secwatch.observer — SEC 8-K summary
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Issuer:     Asana, Inc. (ASAN)
CIK:        0001477720
Form:       8-K
Filed at:   2022-09-07T23:59:59+00:00
Accession:  0001477720-22-000045
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477720/000147772022000045/0001477720-22-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477720/000147772022000045/asan-20220907.htm
  HTML page:      https://secwatch.observer/filing/0001477720-22-000045

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