Asana, a company that makes software to help people organize their work, had some bad news this week. Their earnings report showed that they didn't make as much money as people expected, and their predictions for next year weren't great either. The company's boss is even planning to retire soon!
- Asana's stock price dropped a lot (28%).
- They made a little bit of money this year, but expect to lose money next year.
- Their predictions for how much money they will make next year were lower than expected.
- The company's CEO is retiring.
| Fact | Number |
|---|---|
| Stock price drop | 28.1% |
| Revenue this year | $188.3 million |
| Predicted revenue next year | $786 million (lower than expected) |
| Predicted loss per share next year | 19-20 cents |
