Asana Q2 revenue beats expectations; operating margin improves 37 ppt, positive free cash flow

Asana, Inc.

2024-Q2 EPS reported -$0.61 revenue$314,866,000

Revenue $162.5M (+20% YoY), GAAP net loss $71.4M ($0.33/share) vs $113.0M ($0.59) YoY.
Non-GAAP operating loss $10.4M (6% of revenue) vs $62.6M (46%) YoY; free cash flow positive $14.6M.
Customers spending $5k+ annualized grew to 20,782 (+15% YoY); $100k+ customers 553 (+20% YoY).
Appointed Ed McDonnell as Chief Revenue Officer.
Q3 FY2024 revenue guidance $163.5-$164.5M (16% YoY growth); FY2024 revenue guidance $642-$648M (17-18% YoY).

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 0.9

Asana, Inc. reported second quarter fiscal 2024 ended July 31, 2023 results: revenue $162.5 million, net income GAAP net loss was $71.4 million, EPS GAAP net loss per share was $0.33.

Period: second quarter fiscal 2024 ended July 31, 2023
Revenue: $162.5 million
Net income: GAAP net loss was $71.4 million
EPS: GAAP net loss per share was $0.33
Result: reported results

Exact text from the filing

Work Graph® and AI – to drive clarity and accountability, maximize impact, and scale with confidence.” Second Quarter Fiscal 2024 Financial Highlights • Revenues: Revenues were $162.5 million, an increase of 20% year over year. • Operating Loss: GAAP operating loss was $73.4 million, or 45% of revenues, an improvement year over year compared to GAAP operating loss of

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Asana, Inc. reported third quarter of fiscal 2024 results: EPS Non-GAAP net loss per share of $0.11 to $0.10. Guidance initiated.

Period: third quarter of fiscal 2024
EPS: Non-GAAP net loss per share of $0.11 to $0.10
Guidance: initiated
Result: guidance update

Exact text from the filing

For the third quarter of fiscal 2024, Asana expects: • Revenues of $163.5 million to $164.5 million, representing year over year growth of 16%. • Non-GAAP operating loss of $25.0 million to $23.0 million. • Non-GAAP net loss per share of $0.11 to $0.10

View on SEC.gov

310 earnings releases filed in the last 30 days. Browse all earnings releases →

Asana, Inc. filing history →

Source: SEC EDGAR

accession 0001477720-23-000040

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.