secwatch.observer — SEC 8-K summary
======================================

Issuer:     Asana, Inc. (ASAN)
CIK:        0001477720
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0001477720-23-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477720/000147772023000028/0001477720-23-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477720/000147772023000028/asan-20230601.htm
  HTML page:      https://secwatch.observer/filing/0001477720-23-000028

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