Asure Q1 2020 Earnings Report
Key Takeaways
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.
HCM revenue reached $18.9 million, surpassing the consensus of $18.3 million.
Non-GAAP EPS was $0.21, exceeding the consensus of $0.16.
HCM bookings experienced an 11% year-over-year increase through February but declined by 3% for the quarter due to COVID-19.
Asure launched a COVID-19 Resource Center for small businesses, offering support and guidance.
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Asure Revenue by Segment
Forward Guidance
Asure withdrew its previously issued full-year 2020 guidance due to macroeconomic uncertainties arising from the COVID-19 crisis.
Revenue & Expenses
Visualization of income flow from segment revenue to net income