secwatch.observer — SEC 8-K summary
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Issuer:     Asana, Inc. (ASAN)
CIK:        0001477720
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0001477720-23-000051
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477720/000147772023000051/0001477720-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477720/000147772023000051/asan-20231205.htm
  HTML page:      https://secwatch.observer/filing/0001477720-23-000051

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