Asana Q3 revenue $166.5M (+18% YoY), beats guidance; net loss narrows sharply

Asana, Inc.

2024-Q3 EPS reported -$0.89 revenue$481,369,000

GAAP net loss $61.8M ($0.28/sh) vs $100.9M ($0.49) last year; Non-GAAP loss $0.04/sh.
Non-GAAP operating loss $9.8M (6% revs) improved from $52.6M (37%); free cash flow -$11.5M vs -$48.5M.
Core customer revenue grew 20% YoY; customers spending $100K+ reached 580 (+18% YoY).
Q4 FY2024 guidance: rev $167-168M (11-12% growth); Non-GAAP op loss $21-23M; EPS ($0.10)-($0.09).
Fiscal 2024 revenue guidance raised to $648.5-649.5M (19% growth); Non-GAAP loss per share ($0.27)-($0.26).

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 0.97

Asana, Inc. reported third quarter fiscal 2024 ended October 31, 2023 results: revenue $166.5 million, net income GAAP net loss was $61.8 million, EPS GAAP net loss per share was $0.28. Guidance lowered.

Period: third quarter fiscal 2024 ended October 31, 2023
Revenue: $166.5 million
Net income: GAAP net loss was $61.8 million
EPS: GAAP net loss per share was $0.28
Guidance: lowered
Result: reported results

Exact text from the filing

Work Graph® and AI – to drive clarity and accountability, maximize impact, and scale with confidence.” Third Quarter Fiscal 2024 Financial Highlights • Revenues: Revenues were $166.5 million, an increase of 18% year over year. • Operating Loss: GAAP operating loss was $63.4 million, or 38% of revenues, an improvement year over year compared to GAAP operating loss of

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Source: SEC EDGAR

accession 0001477720-23-000051

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