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Dec 31, 2020
Asure Q4 2020 Earnings Report
Asure's Q4 2020 results were announced, with a focus on small business paying off through new customer additions and broader solution adoption.
Key Takeaways
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.
HCM revenue reached $16.4 million, a 3% increase sequentially from Q3 2020.
Non-GAAP HCM EBITDA was $1.1 million, a 13% increase sequentially from Q3 2020.
Non-GAAP HCM EPS was $0.00, up three cents sequentially from Q3 2020.
Small-business HCM bookings increased more than 100% year-over-year.
Asure
Asure
Asure Revenue by Segment
Revenue by Segment
Recurring Revenue
CapyFin.comProfessional Services, Hardware & Other Revenue
CapyFin.com Forward Guidance
Asure is aiming for positive organic growth in 2021 and maintains its strategic goal of 10% organic and 10% acquired growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income