$142 million improvement in cash flows from
operating activities year over year
Annual revenues from customers spending
$100,000 or more grew 29% year over year
Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), a leading work management
platform, today reported financial results for its fourth quarter
and fiscal year ended January 31, 2024.
“Asana’s Q4 and fiscal year results beat expectations on the top
and bottom line. Overall revenue growth was better than our
guidance, and operating margin improved significantly during the
year, as we target to be free cash flow positive by the end of this
year,” said Dustin Moskovitz, co-founder and chief executive
officer of Asana. “Looking out to fiscal 2025, we have a unique
opportunity to solve collaborative work problems with AI and the
Asana Work Graph because organizations can leverage the most
relevant and reliable context to make teams and organizations most
effective.”
Fourth Quarter Fiscal 2024 Financial Highlights
- Revenues: Revenues were $171.1 million, an increase of 14% year
over year.
- Operating Loss: GAAP operating loss was $67.9 million, or 40%
of revenues, an improvement year over year compared to GAAP
operating loss of $99.2 million, or 66% of revenues, in the fourth
quarter of fiscal 2023. Non-GAAP operating loss was $15.6 million,
or 9% of revenues, an improvement year over year compared to
non-GAAP operating loss of $37.4 million, or 25% of revenues, in
the fourth quarter of fiscal 2023.
- Net Loss: GAAP net loss was $62.4 million, compared to GAAP net
loss of $95.0 million in the fourth quarter of fiscal 2023. GAAP
net loss per share was $0.28, compared to GAAP net loss per share
of $0.44 in the fourth quarter of fiscal 2023. Non-GAAP net loss
was $10.1 million, compared to non-GAAP net loss of $33.2 million
in the fourth quarter of fiscal 2023. Non-GAAP net loss per share
was $0.04, compared to non-GAAP net loss per share of $0.15 in the
fourth quarter of fiscal 2023.
- Cash Flow: Cash flows from operating activities were negative
$15.3 million, compared to negative $31.1 million in the fourth
quarter of fiscal 2023. Free cash flow was negative $17.0 million,
compared to negative $26.5 million in the fourth quarter of fiscal
2023.
Fiscal 2024 Financial Highlights
- Revenues: Revenues were $652.5 million, an increase of 19% year
over year.
- Operating Loss: GAAP operating loss was $270.0 million, or 41%
of revenues, compared to GAAP operating loss of $407.8 million, or
75% of revenues, in fiscal 2023. Non-GAAP operating loss was $58.1
million, or 9% of revenues, compared to non-GAAP operating loss of
$207.3 million, or 38% of revenues, in fiscal 2023.
- Net Loss: GAAP net loss was $257.0 million, compared to GAAP
net loss of $407.8 million in fiscal 2023. GAAP net loss per share
was $1.17, compared to GAAP net loss per share of $2.04 in fiscal
2023. Non-GAAP net loss was $45.1 million, compared to non-GAAP net
loss of $207.2 million in fiscal 2023. Non-GAAP net loss per share
was $0.20, compared to non-GAAP net loss per share of $1.04 in
fiscal 2023.
- Cash Flow: Cash flows from operating activities were negative
$17.9 million, compared to negative $160.1 million in fiscal 2023.
Free cash flow was negative $30.4 million, compared to negative
$159.6 million in fiscal 2023.
Business Highlights
- The number of Core customers, or customers spending $5,000 or
more on an annualized basis, in Q4 grew to 21,646, an increase of
11% year over year. Revenues from Core customers in Q4 grew 16%
year over year.
- The number of customers spending $100,000 or more on an
annualized basis in Q4 grew to 607, an increase of 20% year over
year.
- Overall dollar-based net retention rate in Q4 was over
100%.
- Dollar-based net retention rate for Core customers in Q4 was
105%.
- Dollar-based net retention rate for customers spending $100,000
or more on an annualized basis in Q4 was 115%.
- Announced the opening of a new office location in Warsaw,
Poland, marking Asana’s 13th global office and sixth office within
the EMEA region.
- Hosted Asana’s biggest event of the year, the Work Innovation
Summit, bringing together Asanas, our customers, and industry
visionaries to dive into the new era of work.
- Released research from The Work Innovation Lab on the state of
collaboration technology with research-backed insights on how to
declutter and optimize a business’ technology toolkit.
Financial Outlook
For the first quarter of fiscal 2025, Asana expects:
- Revenues of $168.0 million to $169.0 million, representing year
over year growth of 10% to 11%.
- Non-GAAP operating loss of $23.0 million to $21.0 million, with
13.7% to 12.4% operating loss margin.
- Non-GAAP net loss per share of $0.09 to $0.08, assuming basic
and diluted weighted average shares outstanding of approximately
226 million.
For fiscal 2025, Asana expects:
- Revenues of $716.0 million to $722.0 million, representing year
over year growth of 10% to 11%.
- Non-GAAP operating loss of $61.0 million to $55.0 million, with
8.5% to 7.6% operating loss margin.
- Non-GAAP net loss per share of $0.22 to $0.19, assuming basic
and diluted weighted average shares outstanding of approximately
230 million.
These statements are forward-looking and actual results may
materially differ. Refer to the “Forward-Looking Statements”
section below for information on the factors that could cause
Asana’s actual results to materially differ from these
forward-looking statements.
A reconciliation of non-GAAP outlook measures to corresponding
GAAP measures is not available on a forward-looking basis without
unreasonable effort due to the uncertainty regarding, and the
potential variability of, many of these costs and expenses that may
be incurred in the future. Asana has provided a reconciliation of
GAAP to non-GAAP financial measures in the financial statement
tables for its fourth quarter and fiscal year 2024 non-GAAP results
included in this press release.
Earnings Conference Call Information
Asana will hold a conference call and live webcast today to
discuss these results at 1:30 p.m. Pacific Time. A live webcast and
replay will be available on the Asana Investor Relations webpage
at: https://investors.asana.com.
Forward-Looking Statements
This press release contains “forward-looking” statements within
the meaning of the Private Securities Litigation Reform Act of 1995
that are based on management’s beliefs and assumptions and on
information currently available to management. Forward-looking
statements include, but are not limited to, statements about our
ability to execute on our current strategies, our technology and
brand position, Asana’s outlook for the fiscal quarter ending April
30, 2024 and the full fiscal year ending January 31, 2025, Asana’s
outlook for free cash flow for calendar year 2024, expected
benefits of our offerings, Asana’s market position, and potential
market opportunities. Forward-looking statements generally relate
to future events or Asana’s future financial or operating
performance. Forward-looking statements include all statements that
are not historical facts and in some cases can be identified by
terms such as “anticipate,” “expect,” “intend,” “plan,” “believe,”
“continue,” “could,” “potential,” “may,” “will,” “goal,” or similar
expressions and the negatives of those terms. However, not all
forward-looking statements contain these identifying words.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors, including factors beyond Asana’s
control, that may cause Asana’s actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. These risks include, but are not
limited to, risks and uncertainties related to: Asana’s ability to
achieve future growth and sustain its growth rate, Asana’s ability
to attract and retain customers and increase sales to its
customers, Asana’s ability to develop and release new products and
services and to scale its platform, including the successful
integration of artificial intelligence, Asana’s ability to increase
adoption of its platform through Asana’s self-service model,
Asana’s ability to maintain and grow its relationships with
strategic partners, the highly competitive and rapidly evolving
market in which Asana participates, Asana’s international expansion
strategies, broader macroeconomic conditions and the residual
impacts of the COVID-19 pandemic. Further information on risks that
could cause actual results to differ materially from forecasted
results are included in Asana’s filings with the SEC, including
Asana’s Quarterly Report on Form 10-Q for the quarter ended October
31, 2023 and subsequent filings with the SEC. Any forward-looking
statements contained in this press release are based on assumptions
that Asana believes to be reasonable as of this date. Except as
required by law, Asana assumes no obligation to update these
forward-looking statements, or to update the reasons if actual
results differ materially from those anticipated in the
forward-looking statements.
Use of Non-GAAP Financial Measures
To supplement Asana’s consolidated financial statements, which
are prepared and presented in accordance with GAAP, Asana utilizes
certain non-GAAP financial measures to assist in understanding and
evaluating its core operating performance. In this release, Asana’s
non-GAAP gross profit, gross margin, operating expenses, operating
expenses as a percentage of revenue, operating loss, operating
margin, net loss, net loss per share, and free cash flow are not
presented in accordance with GAAP and are not intended to be used
in lieu of GAAP presentations of results of operations. These
non-GAAP financial measures, which may be different from similarly
titled measures used by other companies, are presented to enhance
investors’ overall understanding of Asana’s financial performance
and should not be considered a substitute for, or superior to, the
financial information prepared and presented in accordance with
GAAP. Investors are encouraged to review the reconciliation of
these non-GAAP measures to their most directly comparable GAAP
financial measures which can be found in the accompanying financial
statements included with this press release.
Asana is presenting these non-GAAP financial measures because it
believes that these non-GAAP financial measures provide useful
information about its financial performance, enhance the overall
understanding of Asana’s past performance and future prospects,
facilitate period-to-period comparisons of operations against other
companies in Asana’s industry, and allow for greater transparency
with respect to important metrics used by Asana’s management for
financial and operational decision-making.
Asana believes excluding the following items from its non-GAAP
financial measures is useful to investors and others in assessing
Asana’s operating performance due to the following factors:
- Share-based compensation expenses. Although share-based
compensation is an important aspect of the compensation of our
employees and executives, management believes it is useful to
exclude share-based compensation expenses to better understand the
long-term performance of Asana’s core business and to facilitate
comparison of its results to those of peer companies.
- Employer payroll tax associated with RSUs. The amount of
employer payroll tax-related items on employee stock transactions
is dependent on Asana’s stock price and other factors that are
beyond its control and that do not correlate to the operation of
the business.
- Non-cash and non-recurring expenses. Non-cash expenses include
charges for impairment of long-lived assets. Non-recurring expenses
include costs related to restructuring. Asana believes the
exclusion of certain non-cash and non-recurring items provides
useful supplemental information to investors and facilitates the
analysis of its operating results and comparison of operating
results across reporting periods.
There are a number of limitations related to the use of non-GAAP
financial measures as compared to GAAP financial measures,
including that the non-GAAP financial measures exclude stock-based
compensation expense, which has been, and will continue to be for
the foreseeable future, a significant recurring expense in Asana’s
business and an important part of its compensation strategy.
In addition to the non-GAAP financial measures outlined above,
Asana also uses the non-GAAP financial measure of free cash flow,
which is defined as net cash from operating activities less cash
used for purchases of property and equipment and capitalized
internal-use software costs, plus non-recurring expenditures such
as capital expenditures from the purchases of property and
equipment associated with the build-out of Asana’s corporate
headquarters and costs related to restructuring. Asana believes
free cash flow is an important liquidity measure of the cash that
is available, after capital expenditures and operational expenses,
for investment in its business and to make acquisitions. Asana
believes that free cash flow is useful to investors as a liquidity
measure because it measures Asana’s ability to generate or use
cash. There are a number of limitations related to the use of free
cash flow as compared to net cash from operating activities,
including that free cash flow includes capital expenditures, the
benefits of which are realized in periods subsequent to those when
expenditures are made.
Definitions of Business Metrics
Customers spending $5,000 or more on an annualized basis, or
Core customers
We define customers spending $5,000 or more, which we also refer
to as Core customers, as those organizations on a paid subscription
plan that had $5,000 or more in annualized GAAP revenues in a given
quarter, inclusive of discounts.
Customers spending $100,000 or more on an annualized basis
We define customers spending $100,000 or more as those
organizations on a paid subscription plan that had $100,000 or more
in annualized GAAP revenues in a given quarter, inclusive of
discounts.
Dollar-based net retention rate
Asana’s reported dollar-based net retention rate equals the
simple arithmetic average of its quarterly dollar-based net
retention rate for the four quarters ending with the most recent
fiscal quarter. Asana calculates its dollar-based net retention
rate by comparing its revenues from the same set of customers in a
given quarter, relative to the comparable prior-year period. To
calculate Asana’s dollar-based net retention rate for a given
quarter, Asana starts with the revenues in that quarter from
customers that generated revenues in the same quarter of the prior
year. Asana then divides that amount by the revenues attributable
to that same group of customers in the prior-year quarter. Current
period revenues include any upsells and are net of contraction or
attrition over the trailing 12 months, but exclude revenues from
new customers in the current period. Asana expects its dollar-based
net retention rate to fluctuate in future periods due to a number
of factors, including the expected growth of its revenue base, the
level of penetration within its customer base, and its ability to
retain its customers.
About Asana
Asana empowers organizations to work smarter. Asana has over
150,000 customers and millions of users in 200+ countries and
territories. Customers like Amazon, Roche, and T-Mobile rely on
Asana to manage everything from goal setting and tracking to
capacity planning, to product launches. For more information, visit
www.asana.com.
Disclosure of Material Information
Asana announces material information to its investors using SEC
filings, press releases, public conference calls, and on its
investor relations page of Asana’s website at
https://investors.asana.com. Asana uses these channels, as well as
social media, including its X (formerly Twitter) account (@asana),
its blog (blog.asana.com), its LinkedIn page
(www.linkedin.com/company/asana), its Instagram account (@asana),
its Facebook page (www.facebook.com/asana/), and Threads profiles
(@asana and @moskov), to communicate with investors and the public
about Asana, its products and services and other matters.
Therefore, Asana encourages investors, the media and others
interested in Asana to review the information it makes public in
these locations, as such information could be deemed to be material
information.
ASANA, INC.
CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS
(in thousands, except per
share data)
(unaudited)
Three Months Ended January
31,
Twelve Months Ended January
31,
2024
2023
2024
2023
Revenues
$
171,135
$
150,231
$
652,504
$
547,212
Cost of revenues(1)
17,392
15,205
64,524
56,559
Gross profit
153,743
135,026
587,980
490,653
Operating expenses:
Research and development(1)
82,973
81,262
324,688
297,209
Sales and marketing(1)
103,921
114,733
391,955
434,961
General and administrative(1)
34,797
38,245
141,334
166,309
Total operating expenses
221,691
234,240
857,977
898,479
Loss from operations
(67,948
)
(99,214
)
(269,997
)
(407,826
)
Interest income and other income
(expense), net
7,314
7,152
20,624
6,933
Interest expense
(1,005
)
(875
)
(3,952
)
(2,000
)
Loss before provision for income taxes
(61,639
)
(92,937
)
(253,325
)
(402,893
)
Provision for income taxes
759
2,089
3,705
4,875
Net loss
$
(62,398
)
$
(95,026
)
$
(257,030
)
$
(407,768
)
Net loss per share:
Basic and diluted
$
(0.28
)
$
(0.44
)
$
(1.17
)
$
(2.04
)
Weighted-average shares used in
calculating net loss per share:
Basic and diluted
224,300
214,195
220,406
200,034
_______________
(1) Amounts include stock-based
compensation expense as follows:
Three Months Ended January
31,
Twelve Months Ended January
31,
2024
2023
2024
2023
Cost of revenues
$
372
$
458
$
1,549
$
1,658
Research and development
28,691
29,477
112,619
100,083
Sales and marketing
15,779
15,476
59,217
58,504
General and administrative
7,007
7,717
29,033
28,717
Total stock-based compensation expense
(1)
$
51,849
$
53,128
$
202,418
$
188,962
__________________
(1) The table above includes $0.9 million
of stock-based compensation expense for the three and twelve months
ended January 31, 2023 that was incurred as a result of the
restructuring.
ASANA, INC.
CONDENSED CONSOLIDATED BALANCE
SHEETS
(in thousands)
(unaudited)
January 31, 2024
January 31, 2023
Assets
Current assets
Cash and cash equivalents
$
236,663
$
526,563
Marketable securities
282,801
2,739
Accounts receivable, net
88,327
82,363
Prepaid expenses and other current
assets
51,925
48,726
Total current assets
659,716
660,391
Property and equipment, net
96,543
94,984
Operating lease right-of-use assets
181,731
176,189
Other assets
23,970
23,399
Total assets
$
961,960
$
954,963
Liabilities and Stockholders’
Equity
Current liabilities
Accounts payable
$
6,907
$
7,554
Accrued expenses and other current
liabilities
75,821
83,488
Deferred revenue, current
265,306
226,443
Operating lease liabilities, current
19,179
14,831
Total current liabilities
367,213
332,316
Term loan, net
43,618
46,696
Deferred revenue, noncurrent
5,916
7,156
Operating lease liabilities,
noncurrent
215,084
210,012
Other liabilities
3,733
2,209
Total liabilities
635,564
598,389
Stockholders’ equity
Common stock
2
2
Additional paid-in capital
1,821,216
1,595,001
Accumulated other comprehensive loss
(236
)
(873
)
Accumulated deficit
(1,494,586
)
(1,237,556
)
Total stockholders’ equity
326,396
356,574
Total liabilities and stockholders’
equity
$
961,960
$
954,963
ASANA, INC.
SUMMARY OF CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
Three Months Ended January
31,
Twelve Months Ended January
31,
2024
2023
2024
2023
Cash flows from operating
activities
Net loss
$
(62,398
)
$
(95,026
)
$
(257,030
)
$
(407,768
)
Adjustments to reconcile net loss to net
cash used in operating activities:
Allowance for expected credit losses
1,068
873
3,140
1,918
Depreciation and amortization
3,937
3,162
14,344
12,669
Amortization of deferred contract
acquisition costs
6,001
4,589
21,972
15,098
Stock-based compensation expense
51,849
53,128
202,418
188,962
Net amortization (accretion) of premium
(discount) on marketable securities
(1,823
)
12
(3,391
)
62
Non-cash lease expense
4,092
4,169
18,090
15,595
Impairment of long-lived assets
—
—
5,009
—
Amortization of credit facility issuance
costs
31
28
122
41
Changes in operating assets and
liabilities:
Accounts receivable
(21,778
)
(23,802
)
(9,527
)
(25,179
)
Prepaid expenses and other current
assets
(11,830
)
(1,887
)
(25,594
)
(24,042
)
Other assets
(1,210
)
(907
)
(468
)
(4,108
)
Accounts payable
(4,181
)
(1,058
)
(569
)
(4,391
)
Accrued expenses and other liabilities
11,679
10,314
(5,206
)
25,539
Deferred revenue
15,780
18,761
37,623
59,375
Operating lease liabilities
(6,554
)
(3,455
)
(18,864
)
(13,829
)
Net cash used in operating activities
(15,337
)
(31,099
)
(17,931
)
(160,058
)
Cash flows from investing
activities
Purchases of marketable securities
(34,821
)
—
(319,133
)
(72,216
)
Sales of marketable securities
6
—
18
—
Maturities of marketable securities
17,500
33,661
43,141
143,865
Purchases of property and equipment
(500
)
(2,211
)
(7,721
)
(5,351
)
Capitalized internal-use software
costs
(1,115
)
(854
)
(5,440
)
(1,806
)
Net cash provided by (used in) investing
activities
(18,930
)
30,596
(289,135
)
64,492
Cash flows from financing
activities
Proceeds from term loan, net of issuance
costs
—
49,555
—
49,555
Repayment of term loan
(625
)
(35,666
)
(3,125
)
(38,333
)
Proceeds from private placement—related
party, net of offering costs
—
(95
)
—
347,289
Repurchases of common stock
—
(7
)
—
(9
)
Proceeds from exercise of stock
options
987
1,146
4,843
5,773
Proceeds from employee stock purchase
plan
—
1
15,069
17,116
Taxes paid related to net share settlement
of equity awards
(3
)
—
(10
)
—
Net cash provided by financing
activities
359
14,934
16,777
381,391
Effect of foreign exchange rates on cash
and cash equivalents
2,257
1,542
389
335
Net increase (decrease) in cash and cash
equivalents
(31,651
)
15,973
(289,900
)
286,160
Cash, cash equivalents, and restricted
cash
Beginning of period
268,314
510,590
526,563
240,403
End of period
$
236,663
$
526,563
$
236,663
$
526,563
ASANA, INC.
Reconciliation of GAAP to
Non-GAAP Data
(in thousands, except
percentages)
(unaudited)
Three Months Ended January
31,
Twelve Months Ended January
31,
2024
2023
2024
2023
Reconciliation of gross profit and
gross margin
GAAP gross profit
$
153,743
$
135,026
$
587,980
$
490,653
Plus: stock-based compensation and related
employer payroll tax associated with RSUs
376
425
1,585
1,651
Plus: restructuring costs
—
550
—
550
Non-GAAP gross profit
$
154,119
$
136,001
$
589,565
$
492,854
GAAP gross margin
89.8
%
89.9
%
90.1
%
89.7
%
Non-GAAP adjustments
0.3
%
0.6
%
0.3
%
0.4
%
Non-GAAP gross margin
90.1
%
90.5
%
90.4
%
90.1
%
Reconciliation of operating
expenses
GAAP research and development
$
82,973
$
81,262
$
324,688
$
297,209
Less: stock-based compensation and related
employer payroll tax associated with RSUs
(28,981
)
(29,676
)
(115,397
)
(101,892
)
Adjustment for: restructuring (costs)
benefit
—
(35
)
—
(35
)
Non-GAAP research and development
$
53,992
$
51,551
$
209,291
$
195,282
GAAP research and development as
percentage of revenue
48.5
%
54.1
%
49.8
%
54.3
%
Non-GAAP research and development as
percentage of revenue
31.5
%
34.3
%
32.1
%
35.7
%
GAAP sales and marketing
$
103,921
$
114,733
$
391,955
$
434,961
Less: stock-based compensation and related
employer payroll tax associated with RSUs
(15,891
)
(14,904
)
(60,329
)
(58,648
)
Adjustment for: restructuring (costs)
benefit
—
(6,582
)
173
(6,582
)
Non-GAAP sales and marketing
$
88,030
$
93,247
$
331,799
$
369,731
GAAP sales and marketing as percentage of
revenue
60.7
%
76.4
%
60.1
%
79.5
%
Non-GAAP sales and marketing as percentage
of revenue
51.4
%
62.1
%
50.9
%
67.6
%
GAAP general and administrative
$
34,797
$
38,245
$
141,334
$
166,309
Less: stock-based compensation and related
employer payroll tax associated with RSUs
(7,089
)
(7,585
)
(29,725
)
(29,095
)
Less: impairment of long-lived assets
—
—
(5,009
)
—
Adjustment for: restructuring (costs)
benefit
—
(2,093
)
(26
)
(2,093
)
Non-GAAP general and administrative
$
27,708
$
28,567
$
106,574
$
135,121
GAAP general and administrative as
percentage of revenue
20.3
%
25.5
%
21.7
%
30.4
%
Non-GAAP general and administrative as
percentage of
revenue
16.2
%
19.0
%
16.3
%
24.7
%
Reconciliation of operating loss and
operating margin
GAAP loss from operations
$
(67,948
)
$
(99,214
)
$
(269,997
)
$
(407,826
)
Plus: stock-based compensation and related
employer payroll tax associated with RSUs
52,337
52,590
207,036
191,286
Plus: impairment of long-lived assets
—
—
5,009
—
Adjustment for: restructuring costs
(benefit) (1)
—
9,260
(147
)
9,260
Non-GAAP loss from operations
$
(15,611
)
$
(37,364
)
$
(58,099
)
$
(207,280
)
GAAP operating margin
(39.7
)%
(66.0
)%
(41.4
)%
(74.5
)%
Non-GAAP adjustments
30.6
%
41.1
%
32.5
%
36.6
%
Non-GAAP operating margin
(9.1
)%
(24.9
)%
(8.9
)%
(37.9
)%
ASANA, INC.
Reconciliation of GAAP to
Non-GAAP Data
(in thousands, except
percentages and per share data)
(unaudited)
Three Months Ended January
31,
Twelve Months Ended January
31,
2024
2023
2024
2023
Reconciliation of net loss
GAAP net loss
$
(62,398
)
$
(95,026
)
$
(257,030
)
$
(407,768
)
Plus: stock-based compensation and related
employer payroll tax associated with RSUs
52,337
52,590
207,036
191,286
Plus: impairment of long-lived assets
—
—
5,009
—
Adjustment for: restructuring costs
(benefit) (1)
—
9,260
(147
)
9,260
Non-GAAP net loss
$
(10,061
)
$
(33,176
)
$
(45,132
)
$
(207,222
)
Reconciliation of net loss per
share
GAAP net loss per share, basic
$
(0.28
)
$
(0.44
)
$
(1.17
)
$
(2.04
)
Non-GAAP adjustments to net loss
0.24
0.29
0.97
1.00
Non-GAAP net loss per share, basic
$
(0.04
)
$
(0.15
)
$
(0.20
)
$
(1.04
)
Weighted-average shares used in GAAP and
non-GAAP per share calculation, basic and diluted
224,300
214,195
220,406
200,034
_______________
(1) Restructuring costs for the three and
twelve months ended January 31, 2023 were composed of severance and
related charges of $8.4 million and stock-based compensation
expense of $0.9 million. These charges are non-recurring and not
reflective of underlying trends in our business.
Three Months Ended January
31,
Twelve Months Ended January
31,
2024
2023
2024
2023
Computation of free cash flow
Net cash provided by (used in) investing
activities
$
(18,930
)
$
30,596
$
(289,135
)
$
64,492
Net cash provided by financing
activities
$
359
$
14,934
$
16,777
$
381,391
Net cash used in operating activities
$
(15,337
)
$
(31,099
)
$
(17,931
)
$
(160,058
)
Less: purchases of property and
equipment
(500
)
(2,211
)
(7,721
)
(5,351
)
Less: capitalized internal-use software
costs
(1,115
)
(854
)
(5,440
)
(1,806
)
Plus: restructuring costs paid
—
7,663
707
7,663
Plus: purchases of property and equipment
from build-out of corporate headquarters
—
—
—
2
Free cash flow
$
(16,952
)
$
(26,501
)
$
(30,385
)
$
(159,550
)
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240308795545/en/
Catherine Buan Asana Investor Relations ir@asana.com
Alexandra Tadeu Asana Corporate Communications
press@asana.com
Asana (NYSE:ASAN)
Graphique Historique de l'Action
De Oct 2024 à Nov 2024
Asana (NYSE:ASAN)
Graphique Historique de l'Action
De Nov 2023 à Nov 2024
