Sector: Technology | Industry: Software |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 405 Colorado St, #1800 AUSTIN TX 78701 |
Tel: | 1-512-4372349 |
Website: | https://www.asuresoftware.com |
IR: | See website |
Key People | ||
Patrick Francis Goepel Chairman of the Board, Chief Executive Officer | Eyal Goldstein President, Chief Revenue Officer | John Pence Chief Financial Officer, Corporate Secretary | Patrick Mckillop Vice President of Investor Relations |
Business Overview |
Asure Software, Inc. is a provider of cloud-based Human Capital Management (HCM) software solutions delivered as Software-as-a-Service (SaaS) for small and medium-sized businesses. Its HCM suite, AsureHCM, includes cloud-based Payroll, Tax Services, and Time & Attendance software and Asure Marketplace as well as human resources (HR) services ranging from HR projects to completely outsourcing payroll and HR staff. AsureMarketplace automates interactions between its HCM systems with third-party providers and extend the range of services offered to employers and their employees. It offers these services directly and indirectly through its network of reseller partners. It provides three levels of HR services: HR support, which provides an on-demand HR resource library, phone and email support for any HR issues and compliance and policy updates; Strategic HR, which provides more in-depth support for strategic HR decision making, and Total HR that offers a complete HR outsourcing solution. |
Financial Overview |
For the fiscal year ended 31 December 2023, Asure Software Inc revenues increased 24% to $119.1M. Net loss decreased 36% to $9.2M. Revenues reflect Recurring increase of 16% to $99.7M, Revenue Sales of Goods & Services increase from $9.6M to $19.3M. Lower net loss reflects Interest expense and other decrease of 3% to $4.3M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.72 to -$0.42. |
Employees: | 564 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $155.11M as of Dec 31, 2023 |
Annual revenue (TTM): | $119.08M as of Dec 31, 2023 |
EBITDA (TTM): | $16.14M as of Dec 31, 2023 |
Net annual income (TTM): | -$9.21M as of Dec 31, 2023 |
Free cash flow (TTM): | $2.64M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 25,763,067 as of Apr 4, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |