Asana (ASAN) shares dropped more than 7% after-hours today despite the company reporting Q3 beat and better-than-expected guidance.
Q3 EPS came in at ($0.04), better than the consensus estimate of ($0.11). Revenue grew 18% year-over-year to $166.5 million, compared to the consensus estimate of $164.09M.
The number of core customers, or customers spending $5,000 or more on an annualized basis, increased to 21,346 in Q3, representing a 14% year-over-year growth. Revenues from core customers grew 20% year-over-year.
The number of customers spending $100,000 or more on an annualized basis increased to 580 in Q3, representing an 18% year-over-year growth.
For Q4/24, the company expects EPS in the range of ($0.10)-($0.09), compared to the consensus of ($0.16), and revenue in the range of $167-$168M, compared to the consensus of $166.83M.
For the full year, the company sees EPS at ($0.27)-($0.26), compared to the consensus of ($0.38), and revenue at $648.5-$649.5M, compared to the consensus of $646.1M.