Asana, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 31, 2023
December 05, 2023 at 04:05 pm EST
Share
Asana, Inc. reported earnings results for the third quarter and nine months ended October 31, 2023. For the third quarter, the company reported sales was USD 166.5 million compared to USD 141.44 million a year ago. Net loss was USD 61.75 million compared to USD 100.91 million a year ago. Basic loss per share from continuing operations was USD 0.28 compared to USD 0.49 a year ago.
For the nine months, sales was USD 481.37 million compared to USD 396.98 million a year ago. Net loss was USD 194.63 million compared to USD 312.74 million a year ago. Basic loss per share from continuing operations was USD 0.89 compared to USD 1.6 a year ago.
Asana, Inc. is a provider of a work management software platform. The Company's platform automates complex operational workflows, such as product launches and employee onboarding, resource planning, tracking company-wide strategic initiatives and more. Its platform adds structure to unstructured work, creating clarity, accountability, and impact for everyone within an organization - individuals, team leads, and executives - so they understand exactly who is doing what, and by when. The Asana Work Graph is the technology that makes it possible for every individual and team to view their work in a way that is personally relevant to them, while maintaining a single, up-to-date, record of every goal, portfolio, project, and task. The Asana platform maintains a robust application programming interface (API) that enables developers to build apps on Asana and integrate efficiently with applications like Microsoft Teams, Slack, Jira, Salesforce, Gmail, Adobe Creative Cloud and many more.
ASANA, INC. 
