Non-GAAP operating loss of $120.0 million to $110.0 million. Event & Presentations. Non-GAAP net loss per share of $0.55 to $0.50, assuming basic and diluted weighted average shares outstanding of approximately 219 million. Investor Relations Events and Presentations 7/12 videos | 15H 1M 6S total runtime Investor Day 2021 - Recording 59:19 1264 views | July 29, 2021 54:13 3671 views | April 30, 2021 54:15 3902 views | January 29, 2021 2:44:38 1106 views | January 16, 2021 1:00:59 618 views | May 02, 2023 1:03:07 Headquartered in San Francisco, CA, Asana is a leading work management platform with more than 75,000 paying customers and millions of free organizations across 190 countries. For more information, visit www.asana.com. opportunities, including its positioning in the market. of corporate headquarters. 1. Our ApproachInVision partnered with Asana's Investor Relations team to lead various production elements that included the development of the programs agenda, from a high-touch, in-person event to a captivating, online virtual presence. https://investors.asana.com. To continue watching, please sign in or create a MicroStrategy account. Asana Investor Day was a critical event on the SaaS companyspath towards a direct listing and like all in-person meetings in 2020, they needed to pivot to digital. The conference call can also be accessed by dialing (844) 200-6205, or +1 929 . At Asana, we promise to treat your data with respect and will not share your information with any third party. Revenues from these customers in Q1 grew 32% year over year. 4243Views Co-founder and CEO Dustin Moskovitz said he believes Asana only has about a 3% penetration rate of employees using its software tools in its current addressable customer base. However, not all forward-looking statements contain these identifying words. While the company is in its current growth phase, it will be investing heavily in growth efforts, especially sales and marketing. The conference ID is 8979235. By making CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS, Interest income and other income (expense), net. Mike Chang Head of Investor Relations and Corporate Development. 3 0 obj Read our editorial policy to learn more about our process. 10 Best Blue-Chip Stocks to Buy for the Long Term, 10 Best Growth Stocks to Buy for the Long Term, Transparency is our policy. Total marketing spend on acquisitions was up $300 million from forecast due to strong customer demand for our products and a healthy market opportunity. Over the next four quarters, investors will get a better understanding of whether it can continue to attract customers, expand its footprint with existing clients, grow revenue at a healthy rate, and eventually scale its costs as the company gets bigger. 4 0 obj Got a product question? This press release contains But success for this start-up isn't just tied to top-line growth. others interested in Asana to review the information it makes public in these locations, as such information could be deemed to be material information. Please disable your ad-blocker and refresh. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. Revenues of $157.5 million to $158.5 million, representing year over year growth of 17%. Please register or sign in below to access the webcast the day of the event. In addition to the non-GAAP financial measures outlined above, Asana also uses the non-GAAP financial measure of free cash flow, which is defined as net cash from operating activities less cash used for purchases of property and equipment and capitalized internal-use software costs, plus non-recurring expenditures such as capital expenditures from the purchases of property and equipment associated with the build-out of Asanas corporate headquarters and costs related to restructuring. Develop and improve features of our offerings. Asana Fourth Quarter and Fiscal Year 2021 Earnings Call. Thanks, SA Transcripts Team. This change has investors wondering how the company will perform under the spotlight and pressures of public scrutiny and quarterly earnings reports. are realized in periods subsequent to those when expenditures are made. launches and marketing campaigns. Hosted by Asanas senior leadership team, the program was designed to give prospective investors a closer look into the results, strategy, and culture of the company, while answering any questions shareholders might have. basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, many of these costs and expenses that may be incurred in the future. As the company executes on its growth plans, it's targeting to be able to reduce costs gradually and move into its "long-term" business model in the last column. Provide specific products and services to you, such as portfolio management or data aggregation. Adjustments to reconcile net loss to net cash used in operating activities: Amortization of deferred contract acquisition costs, Net accretion of discount of marketable securities, Change in fair value of redeemable convertible preferred stock warrant liability, Amortization of discount on convertible notes and term loan issuance costs. 1 De Haro Street, San Francisco, California 94107. We define non-GAAP net loss as GAAP net loss plus stock-based compensation Asana projects. The purpose of this profile is to allow us to share with our readers new transcript-related developments. You must click the activation link in order to complete your subscription. If you experience any issues with this process, please contact us for further assistance. customers and millions of free organizations across 190 countries. The chart above from Asana's investor day presentation shows Asana has plans to scale its costs over time. The opportunity is huge, but the execution is even more important. CONDENSED Over the coming year, it will be looking to move many of its 3.5 million free-activated accounts to its paid service. A live webcast and replay will be available on the Asana Investor Relations website at: https://investors.asana.com. 18, 2021 6:08 PM ET Asana, Inc. (ASAN) 1 Like. A year from now, investors will be able to better answer whether this work management software platform is able to "walk the talk.". Headquartered in San Francisco, CA, Asana has millions of users in over 200 countries and territories. of $15.9million, or 48.0% of revenues, in the second quarter of fiscal 2020. The number of customers spending $5,000 or more with us on an annualized basis grew to 7,933, an increase of 65% The company's six-hour event, with a 172-slide presentation, also included several strategy insights. Asana (ASAN) Investor Presentation - Slideshow. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures which can be found in the accompanying financial statements included with this press release. (Deficit) Equity, Accrued expenses and other current liabilities, Total liabilities, redeemable convertible preferred stock, and stockholders (deficit) Although it's been operating as a company for more than a decade, it is only just beginning to operate as a public company and getting used to all the changes such a distinction requires. Dollar-based net retention rate for customers with $50,000 or more in annualized spend was over 140%. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. The following slide deck was published by Asana, Inc. in conjunction with this event. <> As digital continues to be table stakes in experiences in 2021 (and beyond), we're taking a look at how InVision helped collaboration software leader Asana gather prospective investors in a sophisticated Investor Day digital experience. Let's look at its growth levers to better understand what's going on. Data source: Company SEC filings. Learn More. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Source: Asana Investor Day. Invest better with The Motley Fool. Copies of the prospectus relating to the registration statement, when available, may be obtained from Asana, Inc., c/o Investor Relations, 1550 Bryant Street, Suite 200, San Francisco, CA 94103 or via https://asa.na/73t. Asana is a leading work management platform that helps teams orchestrate their work, from daily tasks to strategic initiatives. Events & Presentations. Revenue growth has slowed over the past several quarters (see table below). . 4 Unparalleled Growth Stocks You'll Regret Not Buying in the Wake of the Nasdaq Bear Market Dip, 1 Growth Stock Down 92% You'll Regret Not Buying on the Dip, Why I Recently Invested Another $600 Into This Magnificent High-Yield Dividend Stock, These 3 Dividend Stocks Have Drubbed the Dow for a Decade: Here's Why They Can Keep That Going, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Get pricing information for your analytics needs. Participant Toll Free Dial-In Number: (833) 529-0220 Not only can it expand the number of users, but as a larger portion of the organization adopts its tools, the higher-level business and enterprise tiered plans could play a role in growth. SEC Filings. Revenues: Revenues were $52.0million, an increase of 57% year over year. Asana provides. The converted digital experience went beyond the single-day value of an in-person event and provided more accessibility and transparency to prospects across the globe. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Transcript (opens in new window) PDF 251 KB; Contact. Management is projecting third-quarter growth at a 40% to 43% year-over-year gain, and a 30%-plus rate for fiscal year 2022. By providing your email address below, you are providing consent to Asana to send you the requested Investor Email Alert updates. Net Loss: GAAP net loss was $61.5 million, compared to GAAP net loss of $98.9 million in the first quarter of fiscal 2023. Annual Reports. In Q2 FY 2021, Asana's overall net retention rates dipped from more than 120% to 115% as small and medium-sized customers faced economic hardships due to the . A live webcast and replay will be available on the Asana Investor Relations website at: https://investors.asana.com. Watch on. contains a description of the non-GAAP financial measures with a reconciliation between GAAP and non-GAAP information. We define customers spending over $5,000 and $100,000 as those organizations on a paid subscription plan that had $5,000 or more, or $100,000 or more in annualized GAAP revenues in a given quarter, respectively, inclusive of discounts. June 22, 2023 12:30 PM PT. Free cash flow is useful to investors as a liquidity measure because it measures Q1'23 Earnings Presentation 2.6 MB. 5 Growth Stock Picks From a Top Fidelity Manager, Investors Bail on Large-Value Stock Funds, Markets Brief: These Stocks Led Us Into a New Bull Market. Is Oracle Stock a Buy, Sell, or Fairly Valued After Earnings? To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Forward-looking statements generally relate to future events or our future financial or operating. Given the coronavirus and recessionary headwinds, this rate of customer adds was impressive. shess@asana.com, Internet Explorer presents a security risk. Presentation (opens in new window) PDF. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. To calculate our dollar-based net retention rate for a given quarter, we start with the revenues in that quarter from customers that generated revenues This presentation and the accompanying oral presentation include express and implied "forward -looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements . Further information on risks that could cause actual results to differ materially from forecasted results are included in our Asana will hold a conference call and live webcast today to discuss these results at 1:30 p.m. Pacific Time. Leave this field blank. compensation strategy. These are extraordinary times but we remain focused on our mission, which is to help the worlds teams work together effortlessly, whether Today these feature-rich plans represent 46% of its revenue for the first half of fiscal 2021 (up from 24% over the same time period a year ago), and more importantly bring in more revenue from every user. Cash Flow: Cash flows from operating activities were negative $22.1million, compared to cash flows from Participant International Dial-In Number: +1 2363892147. Asana helps organizations orchestrate their work, from small projects to strategic initiatives. Please check back later! The Motley Fool has no position in any of the stocks mentioned. quarter of fiscal 2020. Asana Investor Relations direct listing expenses. Asana is presenting these non-GAAP financial measures because it believes that these non-GAAP financial measures provide useful information about its financial performance, enhance the overall understanding of Asanas past performance and future prospects, facilitate period-to-period comparisons of operations against other companies in Asanas industry, and allow for greater transparency with respect to important metrics used by Asanas management for financial and operational decision-making. xYo67 .E8h:V^^I&M3rqsw/fyyoUv\/7wji9>=!,Fq #K8y\-?_Er/W :ME( Z+6d/NIeE>%H"9 .? revenue, GAAP general and administrative as percentage of revenue, Non-GAAP general and administrative as percentage of Its most recent quarter's operational loss was a hefty $33.6 million (or 65% of revenue). This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on managements beliefs and assumptions and on information currently available to management.
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