Asana Q3 FY2023 revenue $141.4M (+41% YoY); net loss per share $0.49

Asana, Inc.

2023-Q3 EPS reported -$1.60 revenue$396,981,000

Revenue $141.4M, up 41% YoY; customers spending $100k+ annualized grew 78% to 493.
GAAP operating loss $101.1M (71% revenue) vs $68.1M (68%) YoY; non-GAAP op loss $52.6M (37%).
GAAP net loss $100.9M ($0.49/share) vs $69.3M ($0.37) YoY; non-GAAP net loss $52.4M ($0.26).
Q4 guidance: revenue $144-146M (30% growth at midpoint); non-GAAP loss per share $0.27-0.28.
FY2023 guidance: revenue $541-543M (43% growth); non-GAAP loss per share $1.14-1.15.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Asana, Inc. reported third quarter fiscal 2023 ended October 31, 2022 results: revenue $141.4 million, net income $100.9 million, EPS $0.49. Guidance initiated.

Period: third quarter fiscal 2023 ended October 31, 2022
Revenue: $141.4 million
Net income: $100.9 million
EPS: $0.49
Guidance: initiated
Result: reported results

Exact text from the filing

Third Quarter Fiscal 2023 Financial Highlights • Revenues: Revenues were $141.4 million, an increase of 41% year over year. • Operating Loss: GAAP operating loss was $101.1 million, or 71% of revenues, compared to GAAP operating loss of $68.1 million, or 68% of revenues, in the third quarter of fiscal 2022. Non-GAAP operating loss was $52.6 million, or 37% of revenues, compared to non-GAAP operating loss of $41.3 million, or 41% of revenues, in the third quarter of fiscal 2022. • Net Loss: GAAP net loss was $100.9 million, compared to GAAP net loss of $69.3 million in the third quarter of fiscal 2022. GAAP net loss per share was $0.49, compared to GAAP net loss per share of $0.37 in the third quarter of fiscal 2022.

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accession 0001477720-22-000061

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