Asure Software Inc (OQ:ASUR)

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
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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

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