other material
confidence high
sentiment positive
materiality 0.70
Asana announces $150M stock repurchase program, reaffirms FY2025 guidance
Asana, Inc.
- Board authorized up to $150M repurchase of Class A common stock through June 30, 2025.
- CEO Moskovitz said shares are undervalued given long-term potential; cash & investments over $500M.
- Reaffirmed Q2 FY2025 revenue guidance $177-178M (9-10% YoY) and full-year revenue $719-724M (10-11% YoY).
- Expects free cash flow positive for full FY2025; non-GAAP operating loss margin unchanged at ~8% midpoint.