Asana, Inc. (ASAN) is currently priced at $6.34, marking a 1.68% increase from the previous session. With a trading volume of $1.26 million, 19.31% above the average, ASAN is displaying active market participation.
In their latest quarterly report on Sunday, March 1st, ASAN reported earnings per share (EPS) in line with consensus estimates at $0.07.
ASAN generated a free cash flow of $26.40 million and saw a net cash increase of $16.38 million. Notably, the company repurchased common stock worth $58 million.
ASAN recorded revenue of $205.57 million with a gross profit of $180.57 million. Operating expenses totaled $245.27 million, resulting in a net income of -$32.21 million.
Key financial metrics reveal ASAN's gross profit margin at 87.84%, while the return on equity stands at -20.9%. The debt ratio is 24.71, and the price-to-book ratio is 15.85.
With total assets of $844 million, ASAN holds $199.84 million in cash and cash equivalents. The company's total liabilities amount to $689.97 million.
This comprehensive overview highlights ASAN's positive momentum in the market, supported by solid financial performance across key indicators.
Asana, Inc., together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. The company's platform enables teams to orchestrate work from daily tasks to cross-functional strategic initiatives; and manages product launches, marketing campaigns, and organization-wide goal settings. It serves customers in industries, such as technology, retail, education, non-profit, government, healthcare, media, and financial services. The company was formerly known as Smiley Abstractions, Inc. and changed its name to Asana, Inc. in July 2009. Asana, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.