Loading...
•
Dec 31, 2024
Asure Q4 2024 Earnings Report
Asure Q4 2024 Earnings Report
Key Takeaways
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.
Total revenue increased by 17% to $30.8 million.
Net loss improved to $3.2 million from $3.6 million in Q4 2023.
Gross profit rose to $20.9 million, with a gross margin of 68.0%.
Adjusted EBITDA surged to $6.2 million from $2.8 million last year.
Forward Guidance
Asure expects continued revenue growth in 2025, supported by strong demand for its payroll tax management and HCM solutions. The company remains focused on both organic and strategic expansion while maintaining profitability.
Positive Outlook
- Projected FY 2025 revenue between $134 million and $138 million.
- Expected Q1 2025 revenue in the range of $33 million to $35 million.
- Adjusted EBITDA margin projected at 23%-24% for FY 2025.
- Continued growth in recurring revenue and multi-year agreements.
- Investment in AI-driven solutions like Luna to enhance service offerings.
Challenges Ahead
- Ongoing net losses, though improving, remain a concern.
- Macroeconomic uncertainty could impact demand for HR and payroll solutions.
- Potential regulatory challenges affecting payroll tax compliance business.
- Higher marketing and administrative costs may put pressure on profitability.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...