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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Asure Software, Inc. (NASDAQ:ASUR ) Q3 2024 Earnings Conference Call October 31, 2024 4:00 PM ET Company Participants Patrick McKillop - Vice President of Investor Relations Pat Goepel - Chairman and Chief Executive Officer John Pence - Chief Financial Officer Eyal Goldstein - President and Chief Revenue Officer Conference Call Participants Joshua Reilly - Needham & Company Jared Levine - TD Cowen Eric Martinuzzi - Lake Street Capital Jeff Van Rhee - Craig Hallum Capital Group Brad Reback - Stifel Greg Gibas - Northland Securities Charles Nabhan - Stephens Vincent Colicchio - Barrington Research Operator Good afternoon and welcome to Asure's Third Quarter 2024 Earnings Conference Call. Joining us for today's call are Chairman and CEO, Pat Goepel; Chief Financial Officer, John Pence; and Vice President of Investor Relations, Patrick McKillop.

Asure Software, Inc. (ASUR) Q3 2024 Earnings Call Transcript

Asure Software Inc (ASUR) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.13 per share a year ago.

Asure Software Inc (ASUR) Q3 Earnings and Revenues Miss Estimates

Reports Third Quarter Revenues of $29.3 Million Recurring Revenues Grew 20% Versus Prior Year Third Quarter AUSTIN, Texas, Oct. 31, 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 third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Revenue of $29.3 million, nearly unchanged versus the same period of the prior year Revenue (excluding ERTC revenue) of $29.2 million, up 20% from $24.4 million versus the same period of the prior year Recurring revenue of $28.6 million, up 20% year over year.

Asure Announces Third Quarter 2024 Results

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Asure Chief Executive Officer Pat Goepel Named Best CEO

AUSTIN, Texas, Oct. 17, 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, October 31, 2024 at 4:30 p.m. Eastern time to discuss its financial results for the third quarter of 2024. Financial results will be issued via press release prior to the call.

Asure Software to Announce Third Quarter 2024 Financial Results on October 31, 2024

AUSTIN, Texas, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Asure Software, Inc. (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (“HCM”) software solutions, is scheduled to participate at the following financial conferences during September 2024:

Asure Software Sets September 2024 Investor Conference Schedule

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Asure Acquires HIRECLICK, Expands HCM Suite with an Intuitive, AI-Powered Applicant Tracking System

Asure Software, Inc. (NASDAQ:ASUR ) Q2 2024 Results Conference Call August 1, 2024 4:30 PM ET Company Participants Patrick McKillop - Vice President, Investor Relations Pat Goepel - Chairman & Chief Executive Officer John Pence - Chief Financial Officer Eyal Goldstein - President & Chief Revenue Officer Conference Call Participants Joshua Reilly - Needham & Company Jared Levine - TD Cowen Eric Martinuzzi - Lake Street Capital Jeff Van Rhee - Craig Hallum Capital Group Vincent Colicchio - Barrington Research Greg Gibas - Northland Securities Robert Galvin - Stifel Operator Good afternoon, and welcome to Asure's Second Quarter 2024 Earnings Conference Call. Joining us today -- on today's call are Chairman and CEO, Pat Goepel; Chief Financial Officer, John Pence; and Vice President of Investor Relations, Patrick McKillop.

Asure Software, Inc. (ASUR) Q2 2024 Earnings Call Transcript

Asure Software Inc (ASUR) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.11 per share a year ago.

Asure Software Inc (ASUR) Misses Q2 Earnings and Revenue Estimates

Reports Second Quarter Revenues of $28 Million Recurring Revenues Grew 18% Versus Prior Year Second Quarter AUSTIN, Texas, Aug. 01, 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 second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Revenue of $28 million, down $2.4 million (8% year over year) owing to a $6.5 million reduction in ERTC revenue  Revenue (excluding ERTC revenue) of $27.5 million, up 18% from $23.3 million versus the same period of the prior year  Recurring revenue of $27.1 million, up 18% year over year 1 Net loss of $4.4 million versus a net loss of $3.8 million during the same period of the prior year  EBITDA(1) of $1.3  million versus $3.3 million during the same period of the prior year   Adjusted EBITDA(1) of $4.1 million versus $6.1 million during the same period of the prior year  Gross profit of $18.9 million versus $22.0 million during the same period of the prior year   Non-GAAP gross profit(1) of $20.4 million (Non-GAAP gross margin(1) of 73%) versus $23.4 million (and 77% during the same period of the prior year)  First Half 2024 Financial Highlights Revenue of $59.7 million, down 6% from prior year first half Revenue (excluding ERTC revenue) of $58.2 million, up 13.5% from prior year first half Recurring revenue of $57.3 million, up 13% from prior year first half Recurring revenue (excluding ERTC revenue) of $57.3 million, up 13% from prior year first half Net loss of $4.7 million versus a net loss of $3.4 million in the prior year first half EBITDA(1) of $5.7 million versus $10.2 million in the prior year first half Adjusted EBITDA(1) of $10.9 million versus $14.3 million in the prior year first half Gross profit of $41.5 million versus $46.4 million in the prior year first half Non-GAAP gross profit(1) of $44.2 million (margin of 74%) versus $49.1 million (margin of 77%) in prior year first half Recent Business Highlights Announced new agreement for Asure's Payroll Tax Management platform with Vensure Employer Solutions, the largest privately held organization in the HR technology and service sector.

Asure Announces Second Quarter 2024 Results

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AUSTIN, Texas, July 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, August 1, 2024 at 4:30 p.m. Eastern time to discuss its financial results for the second quarter of 2024. Financial results will be issued via press release prior to the call.

Asure Software to Announce Second Quarter 2024 Financial Results on August 1, 2024

Comprehensive background checks mitigate risk, accelerate employee onboarding and support growth and success for small businesses Comprehensive background checks mitigate risk, accelerate employee onboarding and support growth and success for small businesses

Asure Announces Strategic Partnership with MyHRScreens to Provide Enhanced Background Screening Services for Small and Mid-Sized Businesses

Collaboration will introduce the PrismHR TAX platform, delivering payroll tax management services for PrismHR clients and Vensure's internal operations.

Asure Powers New Payroll Tax Product for Vensure Employer Solutions

AUSTIN, Texas, May 30, 2024 (GLOBE NEWSWIRE) -- Asure (NASDAQ: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, announced today that it has released its annual HR Benchmark Report for small businesses. The report reveals that businesses prioritizing human resources (HR) best practices significantly outperform their peers, underscoring the critical role of strategic people management in fostering business success.

Asure Releases 2024 HR Benchmark Report and Survey Results

AUSTIN, Texas, May 21, 2024 (GLOBE NEWSWIRE) -- Asure (NASDAQ: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, is pleased to announce that Vidya Sagar Ravipati, Applied Science Manager at the Amazon Web Services (AWS) Generative AI Innovation Center, will be a guest speaker at its EVOLVE 2024 conference, June 4-7 in Austin, TX. Exclusively designed for Asure Reseller partners, EVOLVE offers a blend of strategic insights and practical sessions aimed at helping HCM resellers drive growth and enhance efficiency.

EVOLVE 2024 Welcomes AWS Leader to Discuss the Transformative Power of Generative AI

AUSTIN, Texas, May 14, 2024 (GLOBE NEWSWIRE) -- Asure, a leading provider of cloud-based Human Capital Management (HCM) software solutions, proudly announces the commemoration of a significant milestone: the 100th episode of its small business podcast, "Mission to Grow." This achievement marks a testament to Asure's commitment to empowering small businesses with valuable insights and strategies for success.

Asure Celebrates 100th Episode Milestone of its "Mission to Grow" Podcast

AUSTIN, Texas, May 08, 2024 (GLOBE NEWSWIRE) -- Asure Software, Inc. (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (“HCM”) software solutions, is scheduled to participate at the following financial conferences during May and June 2024:

Asure Software Sets May & June 2024 Investor Conference Schedule

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Asure Software, Inc. (NASDAQ:ASUR ) Q1 2024 Earnings Conference Call May 2, 2024 4:30 PM ET Company Participants Patrick McKillop - Vice President, Investor Relations Pat Goepel - Chairman & Chief Executive Officer John Pence - Chief Financial Officer Eyal Goldstein - President & Chief Revenue Officer Conference Call Participants Joshua Reilly - Needham & Company Bryan Bergin - TD Cowen Richard Baldry - ROTH MKM Jeff Van Rhee - Craig-Hallum Capital Group Vincent Colicchio - Barrington Research Eric Martinuzzi - Lake Street Operator Good afternoon, and welcome to Asure's First Quarter 2024 Earnings Conference Call. Joining us today for today's call are Chairman and CEO, Pat Goepel; Chief Financial Officer, John Pence; and Vice President of Investor Relations, Patrick McKillop.

Asure Software, Inc. (ASUR) Q1 2024 Earnings Call Transcript

Reports First Quarter Revenues of $31.7 Million Management Reiterates 2024 Revenue Guidance of $125.0 Million - $129.0 Million AUSTIN, Texas, May 02, 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 first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Revenue of $31.7 million, down 4% year over year Revenue (excluding ERTC revenue) of $30.7 million, up 10% from $28.0 million in the prior year Recurring revenue of $30.3 million, up 8% year over year Recurring revenue excluding ERTC recurring revenue of zero, up 9% from $27.7 million in the prior year Net loss of $0.3 million versus a net income of $0.3 million during the prior year EBITDA(1) of $4.4 million versus $ 6.8 million from prior year Adjusted EBITDA(1) of $6.8 million versus $8.2 million from prior year Gross profit of $22.6 million versus $24.4 million from prior year Non-GAAP gross profit(1) of $23.8 million (Non-GAAP gross margin(1) of 75%) versus $25.7 million (and 78% in prior year) Recent Business Highlights Launched best-in-class employee self-service and role-based identity access to remove administrative burden for small business owners and empower their employees to better manage their own data.

Asure Announces First Quarter 2024 Results

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.

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