Asana's financials are way worse. The margins and revenue growth are useless when they spent 87% of profit on marketing for the last quarter. It seems like it's

Asana's financials are way worse. The margins and revenue growth are useless when they spent 87% of profit on marketing for the last quarter. It seems like it's extremely expensive for them to make new sales and probably not cheap to retain current sales. And even when you take away ALL of those costs, they would have earned less than 1/4 million in the last quarter. If you look at the picture for the whole year it's even more ridiculous -- they would've shown a loss of $14 million in EBITDA if you REMOVED all of their marketing. I really doubt that they'll be able to turn that ship around with any amount of growth considering how much the marketing expenses have grown (36% vs. average of FY2019, or almost 100% y/y).