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Dec 31, 2021
Asure Q4 2021 Earnings Report
Asure's Q4 2021 results highlighted a strong growth strategy, with revenue up 29% and Non-GAAP EBITDA more than doubled.
Key Takeaways
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.
Revenue increased 29% year-over-year to $21.1 million.
Non-GAAP EBITDA increased 110% year-over-year to $2.4 million.
Non-GAAP net income was $498 thousand, compared to a net loss of $69 thousand in the prior year's quarter.
Revenues were driven by acquisitions of two payroll businesses in September 2021 as well as 5% organic growth.
Forward Guidance
The company provided revenue guidance for Q1 2022 of $23.25 million - $23.75 million, Non-GAAP EBITDA of $3.3 million - $3.5 million, and Non-GAAP EPS of $0.04 - $0.06. The company provided revenue guidance for FY 2022 of $85.0 million - $90.0 million.
Positive Outlook
- Q1 2022 Revenue Guidance: $23.25 million - $23.75 million
- Q1 2022 Non-GAAP EBITDA Guidance: $3.3 million - $3.5 million
- Q1 2022 Non-GAAP EPS Guidance: $0.04 - $0.06
- FY 2022 Revenue Guidance: $85.0 million - $90.0 million
- FY 2022 Non-GAAP EBITDA Margin percentage to be in line with historical percentages and seasonal trends.
Challenges Ahead
- Outlook offered with the backdrop of a stabilizing but still challenging environment.
- Environment affected by fluctuations in employment trends.
- Environment affected by COVID-19.
- Environment affected by political and economic challenges.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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