Asana posts solid Q4 results; Citi says margin guide ‘may raise questions’
Asana (ASAN) posts solid Q4 results; analyst says margin guide ‘may raise questions’
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Asana (ASAN) reported Q4 earnings and revenue that surpassed analyst expectations, but shares slid over 2% in Tuesday’s premarket due to soft guidance.
For the fiscal Q4 2024, Asana posted a loss per share of $0.04, better than the predicted loss per share of $0.10. Revenue came in at $171.1 million, beating the consensus estimates of $167.68 million.
Looking ahead, Asana projects its first-quarter loss per share for 2025 to range between $0.09 and $0.08, with Wall Street also expecting a $0.08 loss per share.
Revenue is anticipated to land between $168 million and $169 million, closely aligning with the consensus estimate of $168.25 million.
For the full year 2025, the software maker anticipates loss per share to be between $0.22 and $0.19, slightly below the consensus estimate of ($0.22). Revenue is projected to range from $716 million to $722 million, which is under the $724.75 million expected by analysts.
Asana forecasts a Q1 2025 non-GAAP operating loss between $23.0 million and $21.0 million, resulting in an operating loss margin of 13.7% to 12.4%. Full-year non-GAAP operating loss is expected to be between $61.0 million and $55.0 million, translating to an operating loss margin of 8.5% to 7.6%.
Commenting on the report, analysts at Citi said Asana delivered solid FQ4 results, but added that below-consensus margin guidance “may raise questions.”
“We are looking for details on the call around tech-sector impact to results, AI monetization and differentiation, impact of recent sales leadership changes, go-forward NRR assumptions, and further areas of investment leading to the lower EBIT margin outlook,” analysts wrote.
