RTTNews | Sep 13, 2021 09:51AM EDT

09:51 Monday, September 13, 2021 (RTTNews.com) - Shares of work management company Asana Inc. (ASAN) reached a 52-week high of $107.10 Monday morning, and are currently trading at $104.38, up $6.77 or 6.94%, with trading volume rising over 930K versus an average volume of 2.30 million shares.

The company last reported its Q2 results on September 1, 2021. The company's Q2 net loss was $68.4 million or $0.40 per share versus a loss of $41.1 million or $0.54 per share last year.

Excluding items, loss amounted to $39.8 million or $0.23 per share versus a loss of $26.3 million or $0.34 per share a year ago, while analysts expected a loss of $0.26 per share for the period.

Quarterly revenues climbed 72% to $89.5 million from $52.0 million last year, while analysts estimated revenues of $82.2 million for the three-month period.

For fiscal 2022, the company raised its revenue outlook to $357 million - $359 million, a 57%-58% growth from last year.

Separately, the company also announced the appointment of Anne Raimondi as Chief Operating Officer.

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