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Sep 30, 2020
Asure Q3 2020 Earnings Report
Asure's third quarter results for 2020 were announced, showcasing revenue exceeding expectations and positive free cash flow.
Key Takeaways
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.
HCM revenue reached $16.0 million, surpassing the consensus estimate of $14.6 million.
Non-GAAP EBITDA amounted to $1.0 million, exceeding the consensus estimate of $0.9 million.
Free cash flow was $1.4 million.
Small-business HCM bookings experienced a year-over-year increase of over 100%.
Revenue by Segment
Forward Guidance
Asure's key business metrics continued to improve since the end of May, in line with U.S. employment and GDP, but it is still unclear whether this trend will continue given the uncertain macroeconomic environment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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