ASAN - Asana Non-GAAP EPS of -$0.09 beats by $0.09 revenue of $152.4M beats by $1.83M

2023-06-01 16:07:55 ET

• Asana press release ( NYSE: ASAN ): Q1 Non-GAAP EPS of -$0.09 beats by $0.09 .
• Revenue of $152.4M (+26.3% Y/Y) beats by $1.83M .
• Shares -6% .
• The number of customers spending $5,000 or more on an annualized basis in Q1 grew to 19,864, an increase of 19% year over year. Revenues from these customers in Q1 grew 32% year over year.
• The number of customers spending $100,000 or more on an annualized basis in Q1 grew to 510, an increase of 31% year over year.
• Overall dollar-based net retention rate in Q1 was over 110%.
• Dollar-based net retention rate for customers with $5,000 or more in annualized spend in Q1 was over 115%.
• Dollar-based net retention rate for customers with $100,000 or more in annualized spend in Q1 was over 130%.

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