The work management platform Asana (NYSE: ASAN) began selling stock on the public markets on Sept. 30. Although it's been operating as a company for more than a decade, it is only just beginning to operate as a public company and getting used to all the changes such a distinction requires.
This change has investors wondering how the company will perform under the spotlight and pressures of public scrutiny and quarterly earnings reports. Here are three key questions that investors interested in this company are hoping will be answered over the coming year.
Asana provides clients with web and mobile applications designed to help teams organize, track, and manage their work. Not long before going public, company management released the transcript of its conference call regarding the fiscal 2021 second quarter (ending July 31, 2020). In that call, Asana management said the company had over 82,000 paying customers, up about 5,000 sequentially from the first quarter. This was an acceleration from the roughly 2,000 customers it added the previous quarter. This most recent quarter's outperformance was aided by an introduction of pricing for small teams. Given the coronavirus and recessionary headwinds, this rate of customer adds was impressive.
Source Fool.com