Asana Q1 revenue $152.4M (+26% YoY); operating loss narrows sharply; guides Q2 rev $157.5-158.5M

Asana, Inc.

2024-Q1 EPS reported -$0.28 revenue$152,411,000

Revenue $152.4M (+26% YoY); GAAP net loss $61.5M ($0.28/sh) vs $98.9M ($0.52/sh) year ago.
Non-GAAP operating loss $22.3M (15% of rev) improved from $54.7M (45%) last year; free cash flow -$16.6M vs -$42.2M.
Customers spending $100k+ annualized grew 31% to 510; overall dollar-based net retention >110%; largest customer at 200k paid seats.
Q2 FY2024 guidance: revenue $157.5-$158.5M (+17% YoY); non-GAAP operating loss $26-$24M.
FY2024 guidance: revenue $640-$648M (+17-18% YoY); non-GAAP operating loss $120-$110M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Asana, Inc. reported Fiscal year 2024 results: revenue Revenues of $640.0 million to $648.0 million, EPS Non-GAAP net loss per share of $0.55 to $0.50. Guidance initiated.

Period: Fiscal year 2024
Revenue: Revenues of $640.0 million to $648.0 million
EPS: Non-GAAP net loss per share of $0.55 to $0.50
Guidance: initiated
Result: guidance update

Exact text from the filing

For fiscal year 2024, Asana expects: • Revenues of $640.0 million to $648.0 million, representing year over year growth of 17% to 18%. • Non-GAAP operating loss of $120.0 million to $110.0 million. • Non-GAAP net loss per share of $0.55 to $0.50, assuming basic and diluted weighted average shares outstanding of approximately 219 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Asana, Inc. reported Second quarter fiscal 2024 results: revenue Revenues of $157.5 million to $158.5 million, EPS Non-GAAP net loss per share of $0.12 to $0.11. Guidance initiated.

Period: Second quarter fiscal 2024
Revenue: Revenues of $157.5 million to $158.5 million
EPS: Non-GAAP net loss per share of $0.12 to $0.11
Guidance: initiated
Result: guidance update

Exact text from the filing

Financial Outlook For the second quarter of fiscal 2024, Asana expects: • Revenues of $157.5 million to $158.5 million, representing year over year growth of 17%. • Non-GAAP operating loss of $26.0 million to $24.0 million. • Non-GAAP net loss per share of $0.12 to $0.11, assuming basic and diluted weighted average shares outstanding of approximately 218 million.

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Source: SEC EDGAR

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