Asana Inc Stock Price, News & Analysis

Asana, Inc. (NYSE: ASAN) has appointed Sanj Bhayro as the new General Manager (GM) of EMEA, aiming to bolster growth and enterprise customer support. Bhayro brings over 20 years of experience from companies like Salesforce, Google, and Intercom. His expertise in scaling high-performing teams will be pivotal as Asana focuses on upmarket strategies. Operating from Dublin, Ireland, he is set to enhance Asana's value proposition for clients in EMEA. Bhayro expressed enthusiasm for contributing to Asana during a transformative time for work collaboration.

Asana (ASAN) reported strong third-quarter fiscal 2023 results, with revenue reaching $141.4 million, up 41% year over year. Notably, the number of customers spending $100,000 or more annually surged 78%, totaling 493 clients. However, the company faced a GAAP net loss of $100.9 million, up from $69.3 million the previous year. For Q4, Asana anticipates revenues between $144.0 million and $146.0 million, with a projected non-GAAP net loss per share of $0.28 to $0.27.

Asana has been named a Leader in the Forrester Wave™ report for Collaborative Work Management Tools, receiving the highest score of 5.0 in 10 out of 30 evaluated criteria. The report highlights Asana's strength in integration capabilities and goal management structure, which enhances enterprise adoption. This recognition follows Asana's #1 ranking in the G2 Grid® Report for Objectives and Key Results. Asana assists over 131,000 paying customers globally by helping them manage work and adapt to evolving business needs.

FiscalNote announced a strong third quarter for FY 2022, with revenue growth of 34% year-over-year, totaling $29.1 million. Non-GAAP adjusted revenue increased by 27%. The company reports a GAAP net loss of $109 million due to non-cash items from its public listing. Adjusted EBITDA loss stood at $7.4 million. FiscalNote anticipates 2022 GAAP revenue of $112-$114 million, marking a 36% growth forecast, and aims for positive adjusted EBITDA by Q4 2023. ARR reached $108 million, with net revenue retention at 99%.

Asana, Inc. (NYSE: ASAN) will release its financial results for Q3 FY2023 on December 1, after U.S. market close. A webcast discussing these results is scheduled for 1:30 PM Pacific Time on the same day. Asana currently serves over 131,000 paying customers globally, including major firms like Amazon and Japan Airlines, demonstrating its robust market presence.

Asana, Inc. (NYSE: ASAN) announced new product features aimed at enhancing organizational visibility and efficiency. The updates include Enterprise-Grade Goals for better goal tracking and resource allocation, alongside integrations with third-party tools like Salesforce to reduce cross-functional redundancies. Asana also introduced advanced security features to protect sensitive data and comply with industry standards. With these updates, the company aims to help enterprises navigate changing market conditions and improve operational efficiency.

Asana, Inc. (NYSE: ASAN), a prominent work management platform, will host an investor event on October 11, 2022, at 3:00 p.m. PT in Oracle Park, San Francisco. COO Anne Raimondi will engage in a fireside chat with MLB's Senior VP, Neil Boland, discussing how MLB utilizes Asana for various initiatives. CEO Dustin Moskovitz will also answer investor questions. A live audiocast of the event will be available on Asana’s investor website.

Asana serves over 131,000 paying customers globally, assisting organizations from project management to digital transformation.

Asana, Inc. (NYSE: ASAN), a prominent work management platform, announced CFO Tim Wan's participation in two upcoming investor events. The events include the Piper Sandler Growth Frontiers Conference on September 13, 2022, at 9:40 a.m. PT, and the Jefferies Office of the CFO Summit on September 27, 2022, at 10:00 a.m. PT. Investors can access a live webcast of these presentations via Asana's investor relations website. Asana serves over 131,000 paying customers globally, including major firms like Amazon and Japan Airlines.