Revenue segments as reported by the company.

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Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Asana

Asana, Inc. engages in developing a work management platform that helps teams orchestrate work, from daily tasks to cross-functional strategic initiatives. Its workflow solutions include project management, goal management, task management, Kanban boards, Excel project management, PRINCE2 methodology, and project planning. The company was founded by Dustin Moskovitz and Justin Michael Rosenstein on December 16, 2008 and is headquartered in San Francisco, CA.

Earnings data Q4 2020

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Earnings data Q1 2024

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Asana reports robust Q1 performance, focuses on AI innovation

Asana's Q1 2023 Earnings Call highlighted strong financial performance, a focus on AI innovation, and the company's efforts to scale enterprise selling infrastructure. While facing challenges related to AI impact and market stabilization, Asana sees opportunities in customer expansion, industry diversification, and product innovation.

Asana reports strong Q2 results, focuses on AI monetization

Asana's Q2 performance reflects strong revenue growth and positive cash flow, driven by strategic enterprise deals and continued investment in AI. While facing challenges with customer cohorts and net expansion rates, the company is focused on monetizing AI features and seizing opportunities in the evolving AI landscape.

Asana reports 18% revenue growth and focuses on AI integration

Asana's Q3 2023 Earnings Call highlighted strong revenue growth, enterprise market success, and the introduction of AI-powered features. The company addressed challenges related to macroeconomic headwinds and renewal dynamics while emphasizing opportunities for early renewals and overdelivering on forecasts.

Asana reports strong revenue growth and navigates challenges for growth

Asana's Q4 performance reflects robust revenue growth, operational efficiency improvements, and strong customer retention strategies.
The company's strengths lie in its diverse market presence, innovation focus, and strategic investments for sustainable growth.
While facing challenges from macro uncertainties and leadership changes, Asana sees opportunities in scaling enterprise sales, product innovation, and margin improvement.
Overall, Asana's focus on customer expansion, operational excellence, and cautious optimism positions it well for continued growth and profitability.

Asana reports robust Q1 earnings, eyes AI integration and diversification

Asana's Q1 2024 performance reflects strong revenue growth, improved margins, and a commitment to AI integration and customer trust.
While facing challenges in short-term revenue acceleration and macroeconomic uncertainties, the company aims for positive free cash flow by 2024.
Opportunities lie in capitalizing on positive industry trends, pricing updates, and further diversification outside of tech sectors for sustained growth.

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Asana, Inc. engages in the business of developing a work management platform that helps organizations orchestrate work from daily tasks to cross-functional strategic initiatives. The company was founded by Dustin Moskovitz and Justin Michael Rosenstein on December 16, 2008 and is headquartered in San Francisco, CA.

Asana beat estimates, but is still highly unprofitable on a GAAP basis. The company expects its loss to widen from Q2 to Q3.

Why Asana Stock Flopped Today

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Premarket: GitLab, Photronics, Zscaler, Asana, Manchester United,

Asana, Inc. (NYSE:ASAN ) Q2 2024 Earnings Conference Call September 5, 2023 4:30 PM ET Company Participants Catherine Buan - Head of Investor Relations Dustin Moskovitz - Co-Founder and Chief Executive Officer Anne Raimondi - Chief Operating Officer and Head of Business Tim Wan - Chief Financial Officer Conference Call Participants Andrew DeGasperi - Berenberg Steve Enders - Citi George Iwanyc - Oppenheimer Jackson Ader - MoffettNathanson Alex Zukin - Wolfe Research Josh Baer - Morgan Stanley Robert Simmons - D.A. Davidson Patrick Walravens - JMP Securities Brent Thill - Jefferies Operator Thank you for standing by, and welcome to Asana's Second Quarter Fiscal Year 2024 Earnings Call.

Asana, Inc. (ASAN) Q2 2024 Earnings Call Transcript

Asana shares posted better-than-expected second quarter fiscal 2024 earnings and revealed an improved outlook for the full year after the closing bell on Tuesday. For the quarter ended July 31, 2023, the work management tool reported revenue of $162.5 million, up 20% year-over-year and ahead of Asana's revenue guidance range of $157.5 million to $158.5 million.

Asana 2Q earnings top expectations; full year outlook boosted

Asana Inc.'s ASAN, +0.05% stock initially advanced 4.5% in extended trading Tuesday after the work-management platform provider reported quarterly results that topped analyst revenue and earnings estimates. Asana reported a fiscal second-quarter net loss of $71.4 million, or 33 cents a share, compared with a net loss of $112.9 million, or 59 cents a share, in the year-ago quarter.

Asana's stock rises on revenue, earnings beat

SAN FRANCISCO--(BUSINESS WIRE)--Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), a leading work management platform, today reported financial results for its second quarter fiscal 2024 ended July 31, 2023. “Asana's Q2 results beat expectations on the top and bottom line. Revenue growth was better than our guidance, operating margin improved 37 percentage points, and we posted positive free cash flow,” said Dustin Moskovitz, co-founder and chief executive officer of Asana. “In Q2, we continued to expand ou.

Asana Announces Second Quarter Fiscal 2024 Results

Asana Inc is expected to report results that are in line with its own guidance as well as analysts' expectations when it releases its second-quarter report after the closing bell on Tuesday, September 5. The work management platform has already guided investors to expect revenue of $157.5 million to $158.5 million for the three months to July 31, 2023.

Asana unlikely to surprise the market with in-line 2Q earnings

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SAN FRANCISCO--(BUSINESS WIRE)--Asana, Inc. (NYSE: ASAN) (LTSE: ASAN), a leading work management platform, today released The State of AI at Work Report, powered by insights from its Work Innovation Lab. The report underscores the growing role of artificial intelligence (AI) in the workplace, revealing that 36% of employees in the United States (U.S.) and United Kingdom (U.K.) now use AI at work at least weekly. Workers embrace AI as a strategic tool Employees are recognizing AI's strategic val.

Asana's State of AI at Work Report: AI is poised to dramatically improve the way we work, but proper guidance is needed

Asana Inc. ( ASAN , Financial) is a software company that has created one of the world's leading work management platforms, attracting customers like Meta Platforms ( META , Financial), Alphabet's ( GOOG , Financial) Google, Uber ( UBER , Financial) and many more.

Asana: Insiders Are Buying This Growth Stock

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SAN FRANCISCO--(BUSINESS WIRE)--Today Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), a leading work management platform, announced intelligent product capabilities that revolutionize how PMO teams drive strategic alignment and build smarter enterprise processes that scale. These advancements are made possible by Asana's Work Graph®, the most complete, connected, and scalable network of organizational data. PMO leaders are the backbone of how organizations run. With the explosion of data across tools, PM.

Asana Fuels Productivity for Enterprise Program Management Offices Through the Power of Artificial Intelligence

Asana shares have performed quite well as of late, with their value up about 52% since the start of the year. Despite sky-high gross margins, I find somewhat worrying that the company is still generating very negative cash from operations. The company is also not very shareholder-friendly, given that it is diluting its shares very aggressively year over year.

Asana: Still Losing Money And Still Too Expensive

SAN FRANCISCO--(BUSINESS WIRE)--Asana, a leading enterprise work management platform, is pleased to announce the hiring of Ed McDonnell to its leadership team. As Chief Revenue Officer, McDonnell will be responsible for all facets of global revenue and field operations. “We are thrilled to welcome Ed to our leadership team at Asana,” said Anne Raimondi, COO and Head of Business at Asana. “Ed has an incredible track record and reputation within the software industry. He has built and scaled high.

Asana Appoints New Chief Revenue Officer, Ed McDonnell

SAN FRANCISCO--(BUSINESS WIRE)--Asana Inc. (NYSE: ASAN)(LTSE: ASAN), a leading work management platform for organizations, has been recognized with the Gartner Peer Insights Customers' Choice distinction, denoted with a Customers' Choice badge. This recognition was only given to vendors who meet or exceed both the market average “Overall Experience” and “User Interest and Adoption” criteria set by the analyst firm. “At Asana, we believe that the greatest achievements are made together. When tea.

Asana Recognized with a Customers' Choice Distinction in Gartner® Peer Insights™ for Collaborative Work Management

SAN FRANCISCO--(BUSINESS WIRE)--Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), a leading work management platform for organizations, announced today that it will release financial results for the second quarter fiscal year 2024 on Tuesday, September 5, after the close of the U.S. markets. In conjunction with the announcement, the company will host a webcast on the same day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the financial results. The live webcast and replay will be available o.

Asana to Announce Second Quarter Fiscal Year 2024 Financial Results on Tuesday, September 5, 2023

Many analysts have not been impressed with Asana's revenue growth and profitability compared to its valuation. Management is making progress in controlling costs and improving margins.

Asana: A Good Company, but Not a Great Stock

Insider buying is often seen as a key bullish signal for a stock. Compared to the general public, insiders such as the CEO and chief financial officer have access to much more extensive and up-to-date information on the operations of their company and its prospects for the future.

Why Asana's CEO Keeps Loading Up on Shares

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Shares of Asana are up more than 60% this year, with the company's recent beat-and-raise boosting investor confidence. Asana's long-term demand is expected to be bolstered by the ongoing shift to remote and distributed teams, with its products designed to simplify tasks and automate workflows. Despite the year-to-date rally, the stock still trades at a valuation that has room to ride higher.

Asana: Clear Tailwinds And Strong Execution

Asana shows strong financial performance in revenue, customer acquisition, and net retention rate, although it is underperforming competitors like monday.com. Asana has a strong focus on enterprise and landed large deals that are cross-functional uses of its platform. Asana is positioned to benefit from the emerging generative AI revolution.

Asana Drives Ahead With Its Vision For The Future Of Work

Asana CEO Dustin Moskovitz has taken an unusually large equity position in his company after the stock plummeted from its 2021 high.

Why billionaire Dustin Moskovitz keeps buying up shares of his software company Asana

An insider is an officer, director, or at least a 10% shareholder of a company's stock, according to the SEC. These insiders often have greater insight into their businesses than the general public as they are involved in the daily operations.

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Looking at under-the-radar stocks with solid insider buying activity is a solid move in any market. Indeed, such trading activity can signal management's sentiment about said company and its underlying shares.

News for Asana Stock (ASAN)