Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Asana's third quarter fiscal year 2025 financial results highlight a company in the midst of significant transformation, leveraging new product offerings like AI Studio to position itself as a multiproduct organization with an eye on expansive growth opportunities.</li><li>During this quarter, Asana launched AI Studio, a noteworthy product in the AI domain poised to shift the company's revenue dynamics from a seat-based model to a potentially scalable, consumption-based model.</li><li>This move is accentuated by Asana's attempt to broaden its market reach beyond technology and into diverse sectors such as manufacturing and healthcare.</li></ul>

Asana's third quarter fiscal year 2025 financial results highlight a company in the midst of significant transformation, leveraging new product offerings like AI Studio to position itself as a multiproduct organization with an eye on expansive growth opportunities.During this quarter, Asana launched AI Studio, a noteworthy product in the AI domain poised to shift the company's revenue dynamics from a seat-based model to a potentially scalable, consumption-based model.This move is accentuated by Asana's attempt to broaden its market reach beyond technology and into diverse sectors such as manufacturing and healthcare.

Asana Inc.: Will Its Investments in AI Technology & AI Studio Integration Help Alter The Playing Field? - Major Drivers

<ul><li>Asana's second quarter fiscal year 2025 earnings presentation highlighted several fundamental aspects of the company's financial health and strategic direction.</li><li>The overall tone indicated cautious optimism, marked by a cautious stabilization in revenues with indications of accelerating growth in the foreseeable future.</li><li>Financially, Asana reported a revenue increase of 10% year-over-year, surpassing its own projections and signaling subtle strength within certain operational segments.</li></ul>

Asana's second quarter fiscal year 2025 earnings presentation highlighted several fundamental aspects of the company's financial health and strategic direction.The overall tone indicated cautious optimism, marked by a cautious stabilization in revenues with indications of accelerating growth in the foreseeable future.Financially, Asana reported a revenue increase of 10% year-over-year, surpassing its own projections and signaling subtle strength within certain operational segments.

Asana Inc.: These Are The 4 Biggest Challenges In Its Path For Growth! - Major Drivers

<ul><li>As per the Q1 2025 earnings, Asana experienced a positive start to the year, with revenues growing 13% year-over-year.</li><li>Revenue from large customers grew even faster.</li><li>Non-operating margins also improved by 5 percentage points year-over-year.</li></ul>

As per the Q1 2025 earnings, Asana experienced a positive start to the year, with revenues growing 13% year-over-year.Revenue from large customers grew even faster.Non-operating margins also improved by 5 percentage points year-over-year.

Asana Inc.: Will Their Emphasis On AI Integration Improve The Bottom-Line? - Major Drivers

<ul><li>Asana, a work management platform, closed its fourth quarter and fiscal year 2024 on a high note, outperforming operational guidance and making substantial strides in its overall business strategy.</li><li>The company's Q4 revenues grew by 14% year-over-year and annual revenues stood at a 19% increase compared to the previous year.</li><li>Significantly, their non-GAAP operating loss margin was at 9% for Q4, marking a considerable improvement of 16 percentage points compared to the prior year’s Q4.</li></ul>

Asana, a work management platform, closed its fourth quarter and fiscal year 2024 on a high note, outperforming operational guidance and making substantial strides in its overall business strategy.The company's Q4 revenues grew by 14% year-over-year and annual revenues stood at a 19% increase compared to the previous year.Significantly, their non-GAAP operating loss margin was at 9% for Q4, marking a considerable improvement of 16 percentage points compared to the prior year’s Q4.

Asana Inc: Will The Increasing  AI Integration & Adoption Help Catalyze Top-line Growth? - Major Drivers

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Algosun Global

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<a href="https://www.smartkarma.com/entities/freshworks-inc" target="_blank" data-smartkarma-citation="entities:34147:1" rel="noopener">Freshworks (FRSH US)</a>  upgraded its revenue guidance to ~$502M at the top end for FY22 and reported a 42% year-over-year revenue growth rate in 1QFY22. </li>
<li>We were impressed with subscription revenue growth, lower-than-expected loss, customer expansion, and efficient SaaS metrics. </li>
<li>We analyzed multiples of 50 publicly listed software companies with various growth profiles and split SaaS/Fintech companies into four growth groups.</li>
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Freshworks (FRSH US)  upgraded its revenue guidance to ~$502M at the top end for FY22 and reported a 42% year-over-year revenue growth rate in 1QFY22. 
We were impressed with subscription revenue growth, lower-than-expected loss, customer expansion, and efficient SaaS metrics. 
We analyzed multiples of 50 publicly listed software companies with various growth profiles and split SaaS/Fintech companies into four growth groups.


Freshworks: Solid 1Q and Strong Outlook Despite Delays With Closing Deals in Europe

United States

Asana, Inc. provides provides software solutions. The Company offers work management platform that helps teams orchestrate work, from daily tasks to cross-functional strategic initiatives. Asana serves customers worldwide.

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Asana (ASAN US)

Asana Inc.: Will Its Investments in AI Technology & AI Studio Integration Help Alter The Playing Field? - Major Drivers

Asana's third quarter fiscal year 2025 financial results highlight a company in the midst of significant transformation, leveraging new product...

Baptista Research

Asana Inc.: These Are The 4 Biggest Challenges In Its Path For Growth! - Major Drivers

Asana's second quarter fiscal year 2025 earnings presentation highlighted several fundamental aspects of the company's financial health and...

Baptista Research

Asana Inc.: Will Their Emphasis On AI Integration Improve The Bottom-Line? - Major Drivers

As per the Q1 2025 earnings, Asana experienced a positive start to the year, with revenues growing 13% year-over-year. Revenue from large...

Baptista Research

Asana Inc: Will The Increasing AI Integration & Adoption Help Catalyze Top-line Growth? - Major Drivers

Asana, a work management platform, closed its fourth quarter and fiscal year 2024 on a high note, outperforming operational guidance and making...

Baptista Research

Freshworks: Solid 1Q and Strong Outlook Despite Delays With Closing Deals in Europe

Freshworks reported solid 1QFY22 earnings results and raised outlook for FY22. We believe the company may sustain 30%+ subscription revenue growth...

Andrei Zakharov

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