04:36 PM EST, 12/05/2024 (MT Newswires) -- Asana (ASAN) reported a fiscal Q3 non-GAAP loss late Thursday of $0.02 per share, narrower than a loss of $0.04 a year earlier.

Analysts polled by FactSet expected a non-GAAP loss of $0.07.

Revenue for the quarter ended Oct. 31 was $183.9 million, up from $166.5 million a year earlier.

Analysts expected $180.6 million.

For fiscal Q4, the software firm is projecting a non-GAAP loss of $0.01 to $0.02 per share on revenue of $187.5 million to $188.5 million. Analysts polled by FactSet are looking for a $0.02 loss and $187.8 million in revenue.

For its fiscal 2025, Asana said it is expecting a non-GAAP loss of $0.14 to $0.15 per share on revenue of $723 million to $724 million. In September, the company guided a non-GAAP loss of $0.19 to $0.20 per share on revenue of $719 million to $721 million. Analysts polled by FactSet are looking for a loss of $0.20 and revenue of $720.2 million.

Shares of the company were up more than 15% in recent after-hours activity.