Asana Inc Stock Price, News & Analysis

Asana, Inc. (NYSE: ASAN) will announce its financial results for Q3 FY2022 on December 2, after U.S. market close. The company will also host a webcast at 1:30 PM PT to discuss these results. With over 107,000 paying customers globally, Asana is a leading work management platform supporting organizations like Amazon and Under Armour. Investors can access the live webcast via the Asana Investor Relations website.

Asana, Inc. (NYSE: ASAN) has been named to Fast Company’s inaugural Brands That Matter list, recognizing its cultural impact and social engagement during the pandemic. The company launched the Asana is Here for You program in March 2020, focusing on aiding nonprofits, providing economic relief, and helping organizations transition to remote work. This accolade follows Asana's previous recognition as #15 on Fast Company’s World's Most Innovative Companies list, underscoring its dedication to empowering teams globally.

Asana is expanding its Asana Partners ecosystem to enhance security and scalability for enterprises. The new integrations with Splunk and Netskope aim to empower IT leaders by providing better data control and visibility. The Audit Log API will offer real-time alerts for security compliance, and upcoming integrations will support Cloud Access Security Broker capabilities. Asana now boasts over 200 partner tools across 75 countries, demonstrating its commitment to aiding organizations in adapting to hybrid work environments.

Asana, Inc. (NYSE: ASAN) announced the launch of its Enterprise Work Graph, a suite of features designed to enhance cross-functional collaboration for large enterprises. Set to debut at the Scale Enterprise Summit on Oct 20, this innovation aims to streamline workflows, improve visibility, and provide enterprise-grade security. Organizations with over 5,000 employees reportedly waste 63% of their staff's time on unnecessary work interactions. Asana's new tools include a Goals API and a Workflow Builder that facilitate efficient task management.

Asana, Inc. (NYSE: ASAN) announces its CFO, Tim Wan, will present at several upcoming investor events. These include the Wolfe Research Inaugural TMT Conference on September 8, 2021, Piper Sandler Global Technology Conference on September 14, 2021, and Jefferies Virtual Software Conference on September 15, 2021. A live webcast and replay will be available on Asana's investor relations website. Asana serves over 107,000 paying customers globally and aids teams in managing diverse projects.

Asana has appointed Anne Raimondi as its new Chief Operating Officer, succeeding Chris Farinacci, who will retire at the end of the fiscal year. Raimondi brings over 20 years of experience in SaaS, having previously held leadership positions at Guru, Zendesk, and TaskRabbit. She aims to enhance Asana’s growth and business operations, reporting directly to CEO Dustin Moskovitz. Moskovitz praised her empathetic leadership and deep familiarity with the company. Asana serves over 107,000 paying customers globally, positioning itself as a leader in work management.

Asana reported robust second quarter fiscal 2022 results, achieving a 72% year-over-year revenue growth of $89.5 million. Customers spending $5,000+ annually saw a 97% revenue increase, with those spending $50,000+ rising 111% to 598. Despite this growth, the GAAP net loss widened to $68.4 million, and operating loss was $60.1 million. Free cash flow also remained negative at $9.3 million. Asana raised its revenue outlook for fiscal year 2022, expecting $357 million to $359 million in revenue.