Asana Shares Plunge 25% Following Q4 Results, Outlook Disappoints
<p><a href='https://financialmodelingprep.com/financial-summary/ASAN'>Asana, Inc. (NYSE:ASAN) </a>shares were trading more than 25% lower Thursday afternoon following the company’s reported Q4 results. While the Q4 EPS of ($0.25) and revenue of $111.9 million came in better than the consensus estimates of ($0.28) and $105.16 million, the company’s outlook was disappointing. The company anticipates Q1/23 EPS to range from ($0.36) to ($0.35), worse than the Street estimate of ($0.27).</p>
<p>Analysts at RBC capital provided their key takeaways from the earnings report, including (1) rough 2023 margin guide implies a loss of leverage, (2) revenue/billings showed less upside than usual, (3) KPIs pointed to deceleration (net adds, international, $5,000+ customers).</p>

NYSE:ASAN