Asure Earnings Reports

Asure reported a strong Q4 2024 performance with revenue growth of 17% year-over-year, reaching $30.8 million. The company's focus on recurring revenue, which accounted for 96% of total revenue, contributed to a solid financial foundation. Despite a net loss of $3.2 million, adjusted EBITDA more than doubled compared to the prior year.

Asure reported third-quarter revenue of $29.3 million, with recurring revenue up 20% year-over-year, representing 98% of total revenue. The company's net loss was $3.9 million. New bookings increased by 141% year-over-year, and backlog grew significantly, over 35% from Q2 2024 and over 250% from Q3 2023.

Asure reported Q2 2024 revenues of $28 million, with recurring revenues up 18% year-over-year. The company experienced a net loss of $4.4 million. They announced new agreements and acquisitions to enhance their product suite.

Asure reported Q1 2024 revenues of $31.7 million, a 4% decrease year-over-year, but saw a 10% increase in revenue excluding ERTC. Recurring revenue grew by 8% to $30.3 million. The company experienced a net loss of $0.3 million, and adjusted EBITDA was $6.8 million. Management reiterated the 2024 revenue guidance of $125.0 million - $129.0 million.

Asure reported a strong third quarter with a 34% increase in revenue year-over-year, driven by growth in recurring revenue and improved gross margins. The company also announced several strategic initiatives and partnerships to further enhance its HCM solutions and expand its market reach.

Asure reported strong second-quarter results with a 50% increase in revenue to $30.4 million and significant improvements in profitability metrics, driven by technology enhancements and targeted sales efforts. The company has raised its full-year 2023 guidance, reflecting confidence in continued growth and operational efficiency.

Asure reported strong first quarter 2023 results, with revenue reaching $33.1 million, a 36% increase year-over-year. The company's net income improved by $3.4 million compared to the previous year, and gross profit increased by 58%. Asure also raised its 2023 financial targets and guidance.

Asure Software reported record fourth-quarter revenue of $29.3 million, a 39% increase year-over-year. The company's net loss improved by $3.2 million compared to the prior year. Asure is raising its 2023 financial targets and guidance.

Asure Software reported a 22% year-over-year increase in revenue, driven by strategic investments and strong client demand. The company raised its fourth quarter revenue guidance and introduced preliminary 2023 financial guidance.

Asure Software reported an 18% increase in revenue year-over-year, reaching $20.3 million. Non-GAAP EBITDA increased by 23% to $1.3 million. The company's new sales bookings increased by 87% in the quarter.

Asure Software reported a strong first quarter in 2022, with a 23% increase in revenue and an 18% increase in non-GAAP EBITDA compared to the previous year. The company launched innovative initiatives like the Integration Marketplace and integrated acquisitions, contributing to the positive results.

Asure Software, Inc. reported strong Q4 2021 results, demonstrating the benefits of its growth strategy. Revenue increased by 29% year-over-year, driven by acquisitions and organic growth. Non-GAAP EBITDA more than doubled, and the company introduced several new product and platform innovations.

Asure Software, Inc. reported third-quarter results with a 12% increase in revenue compared to the prior year. The company acquired two payroll businesses and introduced a new integrated payroll and HR solutions platform. They also reported a GAAP net income of $5.3 million, including a $10.5 million gain from the Employee Retention Tax Credit (ERTC).

Asure Software reported a 22% year-over-year revenue increase in Q2 2021, driven by both organic and inorganic growth, with significant contributions from the Payroll Tax Management acquisition. Bookings increased by 48% year-over-year, and the company facilitated nearly $100 million in Employee Retention Tax Credits (ERTC) for its small business clients.

Asure reported a decrease in revenue compared to the previous year, but showed sequential growth from Q3 2020. The company's focus on small business is driving growth with increased customer additions. They are cautiously optimistic about future revenue growth with improving unemployment rates.

Asure reported better-than-expected revenue and generated free cash flow in Q3 2020. Small-business new bookings grew more than 100% year-over-year. The company remains focused on product innovation and go-to-market investments.

Asure announced leadership changes, including Pat Goepel assuming the role of Chairman of the Board in addition to CEO, Eyal Goldstein promoted to President and Chief Revenue Officer, and Jay Powers appointed as Chief Financial Officer. Grace Lee and Ben Allen joined the Board of Directors.

Asure reported HCM revenue of $18.9 million and non-GAAP EPS of $0.21, exceeding consensus estimates. However, HCM bookings declined due to the COVID-19 pandemic, and the company withdrew its full-year 2020 guidance due to macroeconomic uncertainties.

Asure reported a 1.4% increase in revenue for the fourth quarter of 2019 compared to the fourth quarter of 2018. GAAP earnings per share was $2.66, compared with $0.11 in the fourth quarter of 2018.