Asure Software

Asure Software, Inc. delivers human capital management solutions through the lens of entrepreneurs and executives with an owner’s mentality. It helps small and mid-sized businesses to develop their human capital and allocate their time, money and technology toward growth. Its solutions include Asure Payroll & Tax, Asure HR, and Asure Time & Attendance. The firm's Asure HRServices offer ranges from online compliance tools to a fully outsourced HR department. The company was founded in 1985 and is headquartered in Austin, TX.

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Asure Software reports strong Q4 performance and optimistic growth outlook

Asure Software's Q4 2022 earnings call showcased robust revenue growth and improved financial metrics.
The company is strategically investing in sales development, technology enhancements, and workforce expansion.
Despite challenges such as managing acquisitions and economic uncertainties, Asure Software remains optimistic about future growth.
With a focus on efficiency and profitability, Asure Software aims to achieve significant revenue targets by 2024.

Asure Software reports strong Q1 earnings, eyes marketplace expansion

Asure Software's Q1 2023 performance reflects robust revenue growth, margin expansion, and a positive outlook for future prospects.
The company's strategic focus on product innovation, sales expansion, and efficiency initiatives positions it well for sustained growth.
While facing challenges in optimizing recurring revenue growth and ERTC impact, Asure Software remains optimistic about its momentum and growth trajectory.

Asure Software reports stellar Q2 results, eyes growth opportunities

Asure Software's Q2 2023 performance reflects strong revenue growth, operational efficiency, and strategic partnerships. Challenges in scaling sales headcount and managing customer expectations present areas for focus.
The company's strengths in HR compliance, thought leadership, and marketing strategies position it well for future growth. Opportunities in revenue impact from product enhancements and acquisitions offer avenues for expansion.
Navigating a competitive landscape and balancing growth with quality hiring remain key challenges. Overall, Asure Software's focus on innovation, customer engagement, and financial performance sets a positive trajectory for the future.

Asure Software reports robust Q3 growth amidst revenue diversification

Asure Software's Q3 performance reflects strong revenue growth and financial stability, supported by effective sales strategies and customer retention.
While facing challenges related to ERTC revenue and sales disruptions, the company remains optimistic about future growth opportunities.
By focusing on recurring revenues, pursuing acquisitions, and maintaining a strong financial position, Asure Software aims to drive continued success and value creation.

Asure Software reports strong Q4 earnings and outlines growth strategies

Asure Software delivered strong financial results in Q4 2023, with notable revenue growth and improved profitability metrics.
The company's strategic partnerships, diverse product offerings, and proactive sales approach position it well for future growth.
While facing challenges such as revenue realization timelines and client retention, Asure Software has opportunities to drive expansion through targeted growth strategies.
With a clear revenue guidance for 2024 and a focus on both organic and inorganic growth, the company is poised for continued success in the upcoming year.
Overall, Asure Software's performance, strengths, challenges, and opportunities indicate a resilient and growth-oriented business outlook.

Asure Software reports robust Q1 revenues and outlines growth strategies

Asure Software's Q1 performance reflects strong revenues and growth potential in key business areas.
While facing challenges in cash balance and profitability, the company is optimistic about leveraging opportunities for sustainable growth.
Guidance for 2024 indicates a focus on revenue growth, adjusted EBITDA margins, and strategic initiatives for future success.

Asure Software reports revenue growth and strategic acquisitions in Q2

Asure Software's Q2 performance showcased revenue growth and strategic acquisitions, underpinning confidence in future prospects.
While facing challenges in profitability metrics, the company's focus on expanding revenue streams and enhancing product suite presents opportunities for growth.
Optimism for the remainder of 2024 is fueled by a commitment to customer solutions and market expansion, signaling a proactive approach to driving business success.

Asure Software reports stable Q3 revenue, eyes organic growth

Asure Software's Q3 performance reflected stable revenue with a focus on recurring revenue growth and strategic acquisitions.
While facing challenges in margins and profitability, the company's new product introductions and revenue guidance for 2025 signal optimism.
Opportunities lie in organic growth, margin expansion, and leveraging sales momentum for future financial success.

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AUSTIN, Texas, May 01, 2024 (GLOBE NEWSWIRE) -- Asure (NASDAQ: ASUR), a leader in payroll and workforce solutions, today proudly announced its strategic partnership with HRlogics, a firm specializing in tax credits and incentives. This alliance is set to provide Asure's clients with streamlined access to critical tax credits and hiring incentives, enhancing their growth potential and financial robustness.

Asure Partners with HRlogics to Empower Clients with Access to Captial through Employer Tax Credits and Hiring Incentives

Asure Partners with HRlogics to Empower Clients with Access to Capital through Employer Tax Credits and Hiring Incentives

AUSTIN, Texas, April 18, 2024 (GLOBE NEWSWIRE) -- Asure Software, Inc.  (“Asure” or the “Company”) (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, announced today that the Company will hold a conference call on Thursday, May 2, 2024 at 4:30 p.m. Eastern time to discuss its financial results for the first quarter of 2024. Financial results will be issued via press release prior to the call.

Asure Software to Announce First Quarter 2024 Financial Results on May 2, 2024

AUSTIN, TX / ACCESSWIRE / April 4, 2024 / Asure Software, Inc. (NASDAQ:ASUR) ("Asure" or "the Company"), a provider of cloud-based Human Capital Management (HCM) software solutions and services, has announced a partnership with Key Benefit Administrators (KBA), among the largest third-party administrators in the country. The partnership plans to offer innovative Proactive Health Management Plan (PHMP) solutions to Asure's vast client base, which will provide improved access to proven, patented, and comprehensive population health programs and services.

Asure to Offer Clients Proactive Health Management Plan (PHMP) Access in Coordination with Key Benefit Administrators

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AUSTIN, TX / ACCESSWIRE / March 8, 2024 / Asure Software, Inc. (NASDAQ:ASUR) ("Asure" or "the Company"), a provider of cloud-based Human Capital Management (HCM) software solutions and services, released its fourth quarter 2023 and full-year 2023 financial results on February 26, 2024. For the full year 2023, Asure reported total revenues of $119.1 million, which were up 24% y/y or 19% y/y when excluding ERTC.

Asure Reports Q4 2023 and FY 2023 Financial Results Highlighting Revenue Growth Excluding ERTC

Asure Software provides Human Capital Management solutions to small and mid-sized businesses.

Asure Software: Unlocking Steady Growth Beyond ERTC Bump

Asure Software Inc ASUR came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.17 per share a year ago.

Asure Software Inc (ASUR) Beats Q4 Earnings Estimates (Revised)

AUSTIN, Texas, March 05, 2024 (GLOBE NEWSWIRE) -- Asure Software, Inc. (Nasdaq: ASUR), an established provider of cloud-based Human Capital Management (“HCM”) software solutions, is scheduled to attend the 36th Annual Roth Conference on March 17-19th, 2024 in Dana Point, CA.

Asure Software to Attend 36th Annual Roth Conference March 17-19th, 2024

Asure Software, Inc. (ASUR) Q4 2023 Earnings Call Transcript

Asure Software Inc (ASUR) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.17 per share a year ago.

Asure Software Inc (ASUR) Misses Q4 Earnings and Revenue Estimates

Reports Full Year Revenues of $119.1 million, up 24% from Prior Year Net loss of $9.2 million, an improvement of $5.3 million versus prior year loss of $14.5 million Adjusted EBITDA (1) of $23.3 million, up 97% year over year Management Reiterates 2024 Revenue Guidance of $125.0 million-$129.0 million AUSTIN, Texas, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Asure Software, Inc. (“we”, “us”, “our”, “Asure” or the “Company”) (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (“HCM”) software solutions, today reported results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights Revenue of $26.3 million, down 10% year over year, excluding ERTC revenue up 15% from prior year Recurring revenue of $25.0 million, up 4% year over year, excluding ERTC recurring revenue up 15% from prior year Net loss of $3.6 million versus a net loss of $1.1 million during the prior-year fourth quarter EBITDA (1) of $1.1 million versus $5.0 million from prior-year fourth quarter Adjusted EBITDA (1) of $2.8 million, versus $6.0 million from prior-year fourth quarter Gross profit of $17.8 million versus $21.1 million from prior-year fourth quarter Non-GAAP gross profit (1) of $18.8 million (Non-GAAP gross margin (1) of 72%) versus $22.3 million (and 76% in prior-year fourth quarter) Full Year 2023 Financial Highlights Revenue of $119.1 million up 24% year over year, excluding ERTC revenue up 19% from prior year Recurring revenue of $99.7 million up 16% year over year, excluding ERTC revenue up 19% from prior year Net loss of $9.2 million, an improvement of $5.3 million versus prior year loss of $14.5 million EBITDA (1) of $14.3 million up 63% year over year Adjusted EBITDA (1) of $23.3 million up 97% year over year Gross profit of $85.5 million versus $62.5 million in the prior year Non-GAAP gross profit (1) of $90.3 million versus $67.3 million in the prior year Recent Business Highlights Received Workday's Global Payroll Certification for integration with Workday HCM and Asure Payroll Tax Management.

Asure Announces Fourth Quarter and Full Year 2023 Results

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AUSTIN, Texas, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Asure Software (NASDAQ: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, is pleased to announce a strategic partnership with Key Benefit Administrators (KBA), one of the largest Third-Party Administrators in the nation. This collaboration aims to deliver the innovative Proactive Health Management Plan (PHMP) to Asure's client base, enhancing their access to proven, patented, and comprehensive population health programs and services.

Asure Partners with Key Benefit Administrators to Offer Proactive Health Management Plan (PHMP) to Clients

AUSTIN, Texas, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Asure Software, Inc.  (“Asure” or the “Company”) (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, announced today that the Company will hold a conference call on Monday, February 26, 2024 at 4:30 p.m. Eastern time to discuss its financial results for the fourth quarter and full year 2023. Financial results will be issued via press release prior to the call.

Asure Software to Announce Fourth Quarter and Full Year 2023 Financial Results on February 26, 2024

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AUSTIN, TX / ACCESSWIRE / February 7, 2024 / Asure Software, Inc. (NASDAQ:ASUR) ("Asure" or "the Company"), a provider of cloud-based Human Capital Management (HCM) software solutions and services, announced it has been named as a winner of the Greater Austin Top Workplaces 2023 Award from the Austin American-Statesman. The awards were determined solely through employee feedback, which was gathered through a third-party survey.

Asure Secures Greater Austin Top Workplaces 2023 Award from Austin American-Statesman

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AUSTIN, TX / ACCESSWIRE / January 11, 2024 / Asure Software, Inc. (NASDAQ:ASUR) ("Asure" or "the Company"), a provider of cloud-based Human Capital Management (HCM) software solutions and services, announced its plans to attend the 26th Annual Needham Growth Conference on January 18, 2024 in New York City. The Asure team will be hosting one-on-one meetings with institutional investors through the day on the 18th.

Asure Scheduled to Attend 26th Annual Needham Growth Conference

AUSTIN, Texas, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Asure Software, Inc. (Nasdaq: ASUR), an established provider of cloud-based Human Capital Management (“HCM”) software solutions, is scheduled to attend the 26th Annual Needham Growth Conference on January 18, 2024 in New York, NY.

Asure Software to Attend 26th Annual Needham Growth Conference

AUSTIN, TX / ACCESSWIRE / December 28, 2023 / Asure Software, Inc. (NASDAQ:ASUR) ("Asure" or "the Company"), a provider of cloud-based Human Capital Management (HCM) software solutions and services, recaps the Company's key partnerships and collaborations from 2023. Just recently, Asure announced its latest collaboration with SAP after receiving an invitation to join the software giant's PartnerEdge Open Ecosystem.

Asure Provides Summary of Notable 2023 Collaborations After Recently Announcing Joining SAP's PartnerEdge Open Ecosystem

Asure's (ASUR) integration into SAP PartnerEdge Open Ecosystem fuels HCM innovation, enhancing payroll tax efficiency for SAP clients.

Asure Software (ASUR) Enhances Payroll With SAP Integration

Asure announces its invitation to join the SAP® PartnerEdge® Open Ecosystem, which unlocks access to development tools and resources for integration.

Asure Joins SAP® PartnerEdge® Open Ecosystem

Asure's revenue has grown impressive, with a CAGR of +17% into the LTM period. This has been driven by an aggressive go-to-market strategy, underpinned by a quality service. Asure is gaining market share from its peers, has low churn, and has very positive feedback from its customers. The company appears positioned to achieve more consistent growth. We are expecting adjusted EBITDA-M to exceed 20% in the coming years. We expect less volatility in the coming years due to its growing recurring revenue base.

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