Asana Inc.


SKU: ASAN Category:


This is our first report on work management platform provider, Asana. In the company’s third quarter fiscal 2024 earnings, its shared the firm’s recent financial results and forward-looking statements. CEO Dustin Moskovitz highlighted that the enterprise project management firm had once again outperformed top and bottom line expectations, with Q3 revenues growing 18% year-over-year, and non-GAAP operating loss margins decreased to 5.9%, which marked a significant improvement from the previous year. Moskovitz pointed to Asana’s growing success in the enterprise domain, noting that revenue from core customers- those spending $5,000 or more annually- grew by 20% while revenues from enterprise customers grew at a faster rate. The firm reported an over 120% dollar-based net retention rate from customers spending $100,000 or more on an annualized basis, which Moskovitz argued demonstrates positive traction amongst enterprise customers.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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