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Jul 31, 2020
Asana Q2 2020 Earnings Report
Asana's Q2 2021 revenue grew by 57% year-over-year, driven by strong execution and platform adoption
Key Takeaways
Asana reported strong second-quarter results with revenue growth of 57% year-over-year. The company is focused on helping teams work together effortlessly and believes it is well-positioned in a multi-billion dollar market.
Revenues were $52.0 million, an increase of 57% year over year.
GAAP operating loss was $33.6 million, or 64.6% of revenues.
GAAP net loss was $41.1 million, with a net loss per share of $0.54.
Free cash flow was negative $21.9 million.
Forward Guidance
For the third quarter of fiscal 2021, Asana expects revenues of $53.5 million to $54.5 million, representing year-over-year growth of 40% to 43%. They also anticipate a non-GAAP operating loss of $42.0 million to $40.0 million and a non-GAAP net loss per share of $0.38 to $0.36.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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