secwatch.observer — SEC 8-K summary
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Issuer:     Asana, Inc. (ASAN)
CIK:        0001477720
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0001477720-24-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Asana beats Q4 FY2024 expectations; revenue $171.1M, GAAP op loss narrows to $67.9M
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- Q4 revenue $171.1M (+14% YoY); GAAP net loss per share $0.28 improved from $0.44.
- FY2024 revenue $652.5M (+19% YoY); GAAP op loss margin 41% vs 75% prior year.
- Cash from ops improved to -$17.9M (FY2024) from -$160.1M; targeting FCF positive by end of FY2025.
- Core customers 21,646 (+11%); $100k+ customers 607 (+20%); net retention 105% for Core.
- Q1 FY2025 guidance: rev $168-169M (10-11% growth); non-GAAP op loss $21-23M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477720/000147772024000006/0001477720-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477720/000147772024000006/asan-20240311.htm
  HTML page:      https://secwatch.observer/filing/0001477720-24-000006

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