 maybe What's up money geeks mr. V here welcome to another video guys in today's video We are going to talk about tickets about a s a and a sanner technology So this is a collaborative platform Where people can actually work as a team? Assign tasks and do All the different things that you would see from a project management standpoint And it's a cloud base. They do have Paid services and they have free services So this company started trading today on the NASDAQ So we're going to take a look and see what this company is all about look at their competition Look at their finances and see if this is a buy for long term Or maybe it's just a wait and see but before we get started guys If you're new to the channel we talk about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content So again, like I said, this is a company that started trading today On the NASDAQ initially I wanted to do a video before the IPO debuted But then I thought about it. It's like no, this is not It's not a technology that is just groundbreaking. There's really nothing special about these guys They have competition out it as doing the exact same thing companies like smart sheet So yeah, I'll just wait until the IPO debuts and then we can actually take a look at the company and see what we can do So let's jump on the computer and kind of take a detailed look at this company So again guys, like I said, this is a company that provides a kind of like a collaborative platform for people to work together for teams to work together And For me this there's a lot of other companies that do the exact same thing like like I mentioned smart sheet Monde Lee And so when I look at them, it's like, hey, this is it's good, but I want to see, you know, just your finances and show me what you guys do In how you generate revenue. That's better than all the other guys in the in the space. But again, this is just a project management kind of our You know a platform as we move more and more into the cloud space You're going to see a lot of these companies, uh, you know coming up and taking advantage of The current market situation and go in public. Um, but I mean, I'm this is no no not To Asana they've been around for a while And I think that you know right now just watching all these other companies Go public with their IPOs. I think they probably want to Jump in and just ride the wave. Um, so Again, you can see here. It's just kind of like a you know, a signing task workflow Who's responsible pretty much kind of a you know, a scrum management platform or project management platform. Um, so Let's see Right here. Some of their solutions again, like I say project management workflow management calendar management combined boards Kind of remote team productivity agile and scrum Especially for people that work in, um, I'll say a software development space Agile and scrum would come into play. This would be something that you would leverage tremendously You know different areas marketing operation sales products Yeah, so I mean again, like I said, there's really nothing here that is You know, just you know groundbreaking. This is all the stuff that we notice tools out there that do a similar thing So Again, uh, let's look at their their pricing here what what they have So for their basic plan zero dollars in that's the one that I've actually tested and tried premium plan 1099 business plan 2499 Enterprise, obviously they want you to call them and talk to them about so For each of these this is what you get once you sign up And now if you sign up for their pay plans and stuff like that So let's look at their sec file. Like I said, this stuff is already trading on the NASDAQ So this is not it's not like something that just started. So This is the filing that they actually had for their You know for their debut Right now 3.2 Million free activated account And that is not a whole lot that 3.2 is pretty good 75 k plus paying customers Again, that is not a whole lot 1.2 million paid users That's good. Well, I guess 175 customers If that is like companies and then 75 000 that's that's not too bad. That's good Um, and then you know present in 190 countries And so, yep, that is just a little background there. Can I let's go down and just see again? Like I said, I've already explained to you guys the service and what they do Um, and so I'm just taking a look at your finances here that I think that's where most people are really interested in Operating expense 114 million Um, that is again for a software company or for a cloud-based company Most of these companies usually have Issues with you know cash to get out of the gate. They are always burning through A lot of money and so I don't think these guys are an exception So for the physical 2020 the revenue again, uh, it came out about 142.6 million as you can see right here on the sheet That's kind of representing about 86 percent Year over year, which is awesome. I mean getting that kind of Growth and the revenue is it's pretty good. So So as of as of the most recent quarter april 2020 They recorded about 71 percent year over year revenue growth again. I like that 71 percent is is pretty decent But the company also kind of like saw losses Now grew from 50.9 million to In 2019 to 180 million in 2020. So which is I mean you want to start working in that So you look at that total losses here from 50.9 to 118. I'm not super impressed or happy with that So the net losses actually grew about 138 percent Year over year We don't like that Again, they can explain why they're getting those losses. It could be as a result of covet It could be as a result of just growth. So I mean they have some explaining to do there So I'm pretty sure they would tell that they're spending a lot of that money and trying to put it back in And in the company to kind of help it grow. So so when I look at this right now for this company They I mean revenue doesn't look bad The net again, like I said, the net loss is is is something that concerns me But most software companies like this or cloud-based companies like this or tech companies like this They are growth companies So they would focus on reinvesting that money back into the company So that they can actually, you know Grow the company and maybe put out some new technology and stuff like that So and one other thing that I see They do spend a quite a bit of money again on Yeah research and development I think 63 of the expenses goes to their research and development So you can tell that they are really working on trying to Grow the business and putting money back into their into the business. So Yeah, that's a huge operating expense. They if you look at that in 2020 Where the research and development is taking about 89 89 million so that's that's quite a lot But again, if you're reinvesting that money in the company, I think it's a good thing So Here's some some of the things that I that worried me about this company That I would say I would say from a risk standpoint They are competing in a crowded space They would have to contain with companies like a smart sheet That's already established and trading So I mean that would be my my fear. Why would somebody want to use Asana over smart sheet? What are you guys providing? That's a little bit different. I mean my estimation It's pretty much the same thing. So The the market space for work management solution is very very competitive because you have companies like Facebook Google they build their own in-house Technology, they don't really go out and source stuff. So from that perspective, yes You can get the smaller customers or smaller businesses that can leverage the platform or maybe just individual users That can leverage a platform From a long-term standpoint, what does that mean for growth? I I mean, I think growth is really going to be stagnant Because I don't see how you can actually really Maximize growth with how crowded the space is. So the valuation of Asana is currently At about five billion dollars Which is kind of crazy because Asana at that at that price, I mean you're thinking about 26.2 X their forward revenue using the annual run rate So, uh, the two other companies again that are closest to that would be smart sheet and um, uh, Maybe if you compare those two companies, um From a revenue standpoint the total revenue, um, you know You would look at Asana at a hundred and ninety one million dollars You look at smart sheet at 371 million dollars and you look at, um, um, Alasian at one point 1.9 billion dollars. So, uh, again from there, you see that Asana has some work to do. So, uh, their current revenue growth Asana is at 71 percent Smart sheet is at 41 percent Alasian is at 29 percent. So Asana is growing revenue Compared to the other guys, um, the net dollar retention is about 121 20 percent for Asana And smart sheet is 128 percent. So gross, uh, margins. Asana is again at 86 percent Smart sheet at 78 percent. Um, so net income or in this case minus 118 million for Asana and minus one of four for smart sheet. Um, so, uh, basically In my estimation here, this is a company that, um, has maybe Some growth potential. Um, but I'm, I'm super excited about is, uh, not so much So, like I said, the company came out, they started trading already on on the nasdaq. So let's take a look at where the companies are right now So Asana is currently trading. Um, so they came right out the gate. Um, It's up 33 percent Um, that's plus seven dollars or so from what the IPO was priced at So that's a five mini candle. Let's do one minute to see where they are So from a one mini candle, um, see right out of the gate, um, they just kind of shoot All the way up to a high of 29 and then sort of pulling back again. This is just, um, trading for less than, um, so it opened up at like, um, 11. Let's see, was that like, uh, 35 and then this is, um, two Um, two, um, 55. So they haven't been trading for, you know, for two hours and this is the current state Um, so I'm going to keep my eye on this one and see what happens. Um Again, this is not a company I'm super excited about. Uh, I'm going to buy this again on the sideline if If this thing pulls back all the way to maybe under, uh, let's say 20 dollars or so My, you know, dipping even at 20 dollars, I might dip in if it pulls back all the way there I might dip in and just pick up a few shares and hold them. But otherwise, um, I'm just going to be a spectator watching this. Um, I actually traded it when it came right out of the gate. So I got in at about, um, I got about 27 and some change cut it right here. Um, and then I wrote it all the way to, um, Around 2950. That's where I got out. Um, so yeah, let's put my stop loss at 29, my take profit at 2950 And that's where I got out before this pullback. So at least I, yeah, I made some, I made some good money there, but Um, long term, I'm not going to buy whole again. Like I said, I'm going to wait and see what happens if under 20 dollars I would be interested other than that. I'm not as you can see guys. Um, this is a company that it's competing with other companies in the space I mean, this is a crowded space and when you come out of a crowded space like that and you're not doing something that Really makes you stand out from the rest of the crowd. Uh, you just, you just become just another Uh, um, solution provider in that space. There's no ground breaking thing that you're doing. So it's just a matter of, um, You know, really pushing hard from a marketing standpoint, which again, it's going to increase their their expenses. Um, so Or, you know, kind of advertising either on facebook or like on social media trying to push the platform It's going to cost them a ton of money if they have to go that route. So again, like I said for now, I'm just going to pause I'm not going to be I'm not going to be buying. I'm going to wait until my price target is somewhere around 20s If he gets to 20 and below my side looking at maybe picking up some some shares, uh, um, but in the meantime I think at that 27 28 mark is still a little bit too expensive for me. So let me know in the comment section What do you think about asana? Did you buy it or do you plan on buying or maybe you bought already? Um, uh, do you want to hold it long term or is it just kind of a swing for you? Again, let me know in the comment section if you're new to the channel We'll talk about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and the notification bell too You don't miss out on your content. And also if you are looking to start day trading or just start investing Weibo is currently doing their promotion where if you Are putting an account and deposit $100 you get two free stocks not one two Value somewhere between $8 and $1,600 for free. So definitely check out the links in the description for that And as always guys Stay motivated