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Asana, a leading work management platform, has announced its participation in two significant investor events. Asana's executives will present at the Baird 2024 Global Consumer, Technology & Services Conference on June 4, 2024, at 8:25 a.m. PT / 11:25 a.m. ET. The company will also present at the Bank of America Global Technology Conference 2024 on June 5, 2024, at 1:20 p.m. PT / 4:20 p.m. ET. Interested parties can access a live webcast of these events on Asana's investor relations website.
Asana (NYSE: ASAN) reported its Q1 fiscal 2025 results, ending April 30, 2024. Revenues increased 13% YoY to $172.4 million. Despite improvements in free cash flow and operating loss, GAAP net loss widened slightly to $63.7 million. Non-GAAP net loss also improved to $13.3 million. Asana's core customer base grew 12%, with revenues from these customers up 15%. However, cash flows from operating activities and free cash flow were still negative. The company launched new AI tools for IT leaders and conducted global Work Innovation Summits. Asana projects revenues of $177-$178 million for Q2 and $719-$724 million for fiscal 2025, with slight improvements in operating and net losses.
Asana, Inc. (ASAN) will announce its first quarter fiscal year 2025 financial results on May 30, 2024, after the U.S. markets close. The company will host a webcast on the same day to discuss the results. Investors can access the live webcast and replay on the Asana Investor Relations website.