Asana: Operating Leverage, Where Art Thou? (Neutral Rating)
Asana has 90% gross margins and phenomenal net revenue retention rates, but is showing no signs of operating leverage.
Dear readers,
Please see below the link for an article I published earlier this week on Seeking Alpha with a rather scathing take on Asana’s latest Q2 results and their lack of operating leverage. You might’ve heard of Asana for their work management software and renowned Co-Founder/CEO, Dustin Moskovitz, who was also a Co-Founder at Meta Platforms with Zuck.
Asana: Operating Leverage, Where Art Thou?
Cheers,
Jordan