Asana Sees Q3 EPS $(0.07) Vs $(0.04) Est.; Revenue $180M-$181M Vs $182.28M Est.; FY25 EPS $(0.20)-$(0.19) Vs $(0.20) Est.; Revenue $719M-$721M Vs 722.85M Est.

Author: Benzinga Newsdesk | September 03, 2024 04:17pm

Financial Outlook

For the third quarter of fiscal 2025, Asana expects:

• Revenues of $180.0 million to $181.0 million, representing year over year growth of 8% to 9%.
• Non-GAAP operating loss of $19.0 million to $18.0 million, with 10% operating loss margin at the midpoint.
• Non-GAAP net loss per share of $0.07, assuming basic and diluted weighted average shares outstanding of approximately 227 million.

For fiscal 2025, Asana expects:

• Revenues of $719.0 million to $721.0 million, representing year over year growth of 10%.
• Non-GAAP operating loss of $58.0 million to $55.0 million, with 8% operating loss margin at the midpoint.
• Non-GAAP net loss per share of $0.20 to $0.19, assuming basic and diluted weighted average shares outstanding of approximately 227 million.

These statements are forward-looking and actual results may materially differ. Refer to the "Forward-Looking Statements" section below for information on the factors that could cause Asana's actual results to materially differ from these forward-looking statements.

A reconciliation of non-GAAP outlook measures to corresponding GAAP measures is not available on a forward-looking 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. Asana has provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for its second quarter fiscal year 2025 non-GAAP results included in this press release.

Posted In: ASAN