To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use certain non-GAAP financial measures, as described below, to understand and evaluate our core operating performance. There are a number of limitations related to the use of net free cash flow as compared to net cash from operating activities, including that net free cash flow includes capital expenditures, the benefits of which are realized in periods subsequent to those when expenditures are made. Dollar-based net retention rate for customers with $5,000 or more in annualized spend was over 125%. Announced Asana for Microsoft Teams integration which enables conversations in Teams to be linked directly to Asana projects.

We are presenting these non-GAAP financial metrics to assist investors in seeing our financial performance through the eyes of management, and because we believe that these measures provide an additional tool for investors to use in comparing our core financial performance over multiple periods with other companies in our industry. MLB says Justin Turner ‘emphatically refused to comply’ with league security when he returned to the field after testing positive for the coronavirus. We expect our dollar-based net retention rate to fluctuate in future periods due to a number of factors, including the expected growth of our revenue base, the level of penetration within our customer base, and our ability to retain our customers. . These are extraordinary times but we remain focused on our mission, which is to help the world’s teams work together effortlessly, whether that’s in an office or in our homes.”, Second Quarter Fiscal 2021 Financial Highlights, Second Quarter Fiscal 2021 Business Highlights. The section titled "Definitions of Business Metrics" contains definitions of certain non-financial metrics provided within this earnings release. We’re pleased with the momentum in our business and believe we are well positioned to be a long-term leader in a multi-billion dollar market opportunity,” said Dustin Moskovitz, co-founder and chief executive officer, Asana. Weighted-average shares used in calculating net loss per share: Amounts include stock-based compensation expense as follows: Prepaid expenses and other current assets, Liabilities, Redeemable Convertible Preferred Stock, and Stockholders' (Deficit) Equity, Accrued expenses and other current liabilities, Total liabilities, redeemable convertible preferred stock, and stockholders’ (deficit) equity. A replay of the call via webcast will be available at https://investors.asana.com. We are presenting these non-GAAP financial metrics to assist investors in seeing our financial performance through the eyes of management, and because we believe that these measures provide an additional tool for investors to use in comparing our core financial performance over multiple periods with other companies in our industry. Dollar-based net retention rate for customers with $5,000 or more in annualized spend was over 125%. 10:00 a.m. Pacific Time "This structure results in a large portion of voting power being held by the founders and the two of us commit to managing this power the way we always have: by listening to others and engaging sincerely with their perspectives," Moskovitz and Rosenstein wrote in the founder letter included in the paperwork. , Asana has more than 82,000 paying customers and millions of free organizations across 190 countries. The number of customers spending $50,000 or more with us on an annualized basis grew to 283, an increase of 160% year over year. Let’s presume that Asana crossed the $100 million ARR mark as 2018 came to a close. However, not all forward-looking statements contain these identifying words.

A reconciliation of non-GAAP guidance 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's revenue grew 82% between fiscal year 2019 and fiscal year 2020, but the company has lost money every year since its founding in 2008. --(BUSINESS WIRE)-- Asana, Inc., a leading work management platform for teams, today reported financial results for its second quarter ended

There are a number of limitations related to the use of these non-GAAP measures as compared to GAAP operating loss and net loss, including that the non-GAAP measures exclude stock-based compensation expense, which has been, and will continue to be for the foreseeable future, a significant recurring expense in our business and an important part of our compensation strategy. The company reported $99.7 million in revenue for the six months that ended July 31, compared with $61.1 million for the same period last year. Asana, Inc., a leading work management platform for teams, today reported financial results for its second quarter ended July 31, 2020. 22. Non-GAAP operating loss was $27.2 million, or 52.2% of revenues, compared to non-GAAP operating loss of $14.0 million, or 42.2% of revenues, in the second quarter of fiscal 2020. SEC We use the non-GAAP financial measure of free cash flow, which is defined as net cash used in 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 our corporate headquarters in

www.linkedin.com/company/asana The firm says sales productivity could offer a "meaningful upside lever to growth" next year due to Asana's heavy sales and marketing investments. Cruise ships can plan a return to U.S. waters, CDC decides. Asana, a buzzy workplace collaboration startup created by one of Facebook's cofounders more than a decade ago, filed paperwork Monday to become a publicly traded company through the novel "direct listing" process. Although banks don’t underwrite shares as they do in a traditional IPO, they do serve as advisors in a direct listing. For fiscal 2020, Asana’s revenue came in at $142.6 million, representing growth of 86% YoY. These non-GAAP financial measures, which may be different from similarly titled measures used by other companies, are presented to enhance investors’ overall understanding of our financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. Contact this reporter via email at pzaveri@businessinsider.com or Signal at 925-364-4258. 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 in the same quarter of the prior year. Is this your company? We calculate our dollar-based net retention rate by comparing our revenues from the same set of customers in a given quarter, relative to the comparable prior-year period. Ended the quarter with over 82,000 paying customers. A live webcast and accompanying presentation can be accessed on the Investor Relations section of the Company's website at: https://investors.asana.com. These statements are forward-looking and actual results may materially differ.


“In the second quarter, strong execution and expanding adoption of Asana’s platform drove total revenue growth of 57% year over year. Data includes revenue, customer count, churn, customer acquisition cost, average contract values, & payback periods, among many other important SaaS data points. The New York Stock Exchange had set a reference price of $21 a share for the stock. Therefore, Asana encourages investors, the media and others interested in Asana to review the information it makes public in these locations, as such information could be deemed to be material information. Further information on risks that could cause actual results to differ materially from forecasted results are included in our filings with the SEC, including our Form S-1/A filed on September 18, 2020 with the SEC. We believe free cash flow is an important liquidity measure of the cash that is available, after capital expenditures and operational expenses, for investment in our business and to make acquisitions. NYC’s wealthy are commuting from their pandemic pads — by chopper. These risks include, but are not limited to, risks and uncertainties related to: our ability to achieve future growth and sustain our growth rate, our ability to attract and retain customers and increase sales to our customers, our ability to develop and release new products and services and to scale our platform, our ability to increase adoption of our platform through our self-service model, our ability to maintain and grow our relationships with strategic partners, the highly competitive and rapidly evolving market in which we participate, our international expansion strategies, and the impact of the COVID-19 pandemic. Asana Announces Record Second Quarter Revenue, https://www.businesswire.com/news/home/20200922005819/en/, Cash Flow: Cash flows from operating activities were negative.

Eurozone growth soars a record 12.7%, but fears grow amid major coronavirus resurgence. These risks include, but are not limited to, risks and uncertainties related to: our ability to achieve future growth and sustain our growth rate, our ability to attract and retain customers and increase sales to our customers, our ability to develop and release new products and services and to scale our platform, our ability to increase adoption of our platform through our self-service model, our ability to maintain and grow our relationships with strategic partners, the highly competitive and rapidly evolving market in which we participate, our international expansion strategies, and the impact of the COVID-19 pandemic.

Coronavirus spike in L.A. County brings new alarms. Asana announces material information to its investors using SEC filings, press releases, public conference calls, and on its investor relations page of the company’s website at https://investors.asana.com. ), to communicate with investors and the public about Asana, its products and services and other matters. "In the second quarter, strong execution and expanding adoption of Asana’s platform drove total revenue …

Officials announced the highest one-day increase in cases not connected to a reporting backlog since August. SAN FRANCISCO . Workplace management software maker Asana Inc. attained a market value of about $5.5 billion after a direct listing, one of two Wednesday to go public via the initial public offering alternative. The section titled "Use of Non-GAAP Financial Measures" below contains a description of the non-GAAP financial measures with a reconciliation between GAAP and non-GAAP information. His cofounder Justin Rosenstein has 17.5% voting power.

Asana Corporate Communications We are presenting these non-GAAP financial metrics to assist investors in seeing our financial performance through the eyes of management, and because we believe that these measures provide an additional tool for investors to use in comparing our core financial performance over multiple periods with other companies in our industry. Revenues: Revenues were $52.0 million, an increase of 57% year over year. Asana announces material information to its investors using SEC filings, press releases, public conference calls, and on its investor relations page of the company’s website at https://investors.asana.com.

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