Asana's management may finally be focused on the bottom line.
Asana (ASAN 5.90%) has been a growth machine for years, but it's also been burning cash along the way. In late 2022, the company made changes that lowered operating cost growth, and it aims to get to cash-flow positive. It's a long road ahead, but in this video Travis Hoium breaks down how the company will turn the business around.
*Stock prices used were end-of-day prices of March 15, 2023. The video was published on March 16, 2023.
Travis Hoium has positions in Asana. The Motley Fool has positions in and recommends Asana. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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