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Asana, Inc. (ASAN) is a leading provider of collaborative work management software designed to help teams coordinate and manage their work from start to finish. Founded by Dustin Moskovitz and Justin Rosenstein, who initially developed the tool for internal use at Facebook, Asana has grown into a global enterprise with offices in San Francisco, New York City, and Dublin.
Asana's core product is a cloud-based SaaS platform that enables seamless project management, task tracking, and team collaboration. The tool offers a range of features including task and project management, team communication, real-time project visibility, and automation capabilities. This allows organizations to streamline their workflows, improve efficiency, and achieve better results.
The company offers a freemium model, providing free access for teams of up to 15 members with unlimited projects and tasks. For larger teams and more advanced features, Asana offers subscription plans that generate revenue on a per seat basis.
Asana is supported by major investors such as Benchmark Capital, Andreessen Horowitz, Founders Fund, and Peter Thiel. The company continues to expand its capabilities and improve its offerings, making it a valuable tool for businesses of all sizes across various industries. Recent achievements include enhanced reporting and automation features, which significantly boost productivity and project management efficiency.
The platform is accessible via web and mobile apps available on Asana's website, iTunes, and Google Play. Asana's scalable and dynamic tools have made it an essential part of workflow management for marketing programs, IT approvals, performance management, and more.
Asana (NYSE: ASAN) reported fiscal year 2023 revenues of $547.2 million, a 45% increase year-over-year. In Q4 alone, revenues reached $150.2 million, up 34% year-over-year. Operating loss for the fiscal year was $407.8 million, with a GAAP net loss of $407.8 million. Despite these losses, Asana experienced strong customer growth, particularly among larger enterprises, with annual revenues from customers spending $100,000 or more increasing by 80%. The company guidance for fiscal year 2024 anticipates revenues between $638 million to $648 million, reflecting 17% to 18% growth. Non-GAAP net loss per share is projected at $0.59 to $0.55.
Asana, a leader in work management, released its 2023 Anatomy of Work Global Index, revealing significant insights about productivity and collaboration. Key findings show that 58% of workers' time is consumed by 'work about work,' with knowledge workers estimating 4.9 hours saved weekly with improved processes. Collaborative environments yield better employee outcomes, with 79% of workers in such organizations feeling prepared for challenges compared to 19% in less collaborative settings. Moreover, 55% reporting revenue growth at collaborative firms underscores the financial benefits of effective teamwork. The report highlights a pressing need for organizations to enhance collaboration amidst economic uncertainty.
Asana, a leading work management platform, has appointed
Asana, Inc. (NYSE: ASAN) will release its financial results for Q4 and fiscal year 2023 on March 8, 2023, post U.S. market close. A webcast discussing the results will be held at 1:30 p.m. PT on the same day. Asana supports over 135,000 paying customers worldwide, including major companies like Amazon and Japan Airlines, facilitating efficient project management across various sectors.
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.
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