Asure Software Inc Stock Price, News & Analysis

Asure Software, Inc. (Nasdaq: ASUR) reported impressive growth in its fourth quarter and full year results for 2021, showcasing a 29% increase in revenue to $21.1 million. Non-GAAP EBITDA more than doubled to $2.4 million, reflecting robust business performance. Key highlights included 5% organic growth and significant acquisitions driving revenue. The company also filed for over $200 million in Employee Retention Tax Credits on behalf of clients, enhancing its service offerings. Looking ahead, guidance for Q1 2022 revenue is between $23.25 million and $23.75 million, with a full-year revenue forecast of $85.0 million to $90.0 million.

Asure Software (Nasdaq: ASUR) has announced a new integration with Intuit QuickBooks to enhance productivity for accountants and clients during the tax season. This integration enables automatic syncing of payroll data with QuickBooks Online, eliminating manual entry and reducing errors. Accountants can leverage their newfound time for strategic offerings, improving client financial management through automated payroll and tax reporting. CEO Pat Goepel emphasized that this initiative aims to enhance client efficiency and support comprehensive HR needs, including payroll, onboarding, and performance management.

Asure Software, Inc. (Nasdaq: ASUR), a provider of cloud-based Human Capital Management (HCM) solutions, announced its support as a Premier sponsor for the Independent Payroll Providers Association (IPPA) Spring Summit from March 2-4, 2022. The event aims to enhance networking among payroll service resellers and showcase Asure's updates in key areas, including All-in-One Payroll & HR solutions, flexible Tax Filing services, Benefit Administration Integration, and new Outsourced HR offerings. These advancements reflect Asure's commitment to providing enhanced technology and service solutions.

Austin-based Asure (Nasdaq: ASUR) will release its financial results for 2021 after market close on March 14, 2022. The company, known for its cloud-based Human Capital Management software, will host a conference call at 3:30 PM CT (4:30 PM ET) the same day to discuss these results. Chairman and CEO Pat Goepel, alongside CFO John Pence, will present followed by a Q&A session. The call can also be accessed via a live webcast on their investor relations website.

Asure Software (Nasdaq: ASUR) announced it has filed for over $200 million in stimulus for its clients under the Employee Retention Tax Credit (ERTC) program. Pat Goepel, CEO, emphasized the importance of this funding, noting many small and mid-sized businesses were unaware of their eligibility. Asure's ERTC Filing Service aims to help clients identify eligible wages, calculate credits, and file amended returns efficiently. With a focus on education about the program, Asure anticipates increased filings as businesses become aware of potential benefits.

Asure Software, Inc. (Nasdaq: ASUR) has launched an advanced Treasury Management System aimed at enhancing automation in cash management for business customers. This system provides real-time visibility into treasury functions and integrates multiple platforms for efficient money movement, reconciliation, and reporting. CEO Pat Goepel emphasized that this initiative will leverage fintech trends like same-day pay and will improve decision-making with enhanced financial transparency. The new Treasury System is designed not only for Asure's internal use but also to assist other payroll providers and large enterprises.

Asure Software (Nasdaq: ASUR) has partnered with Certegy to enhance payroll processing for its over 80,000 business customers. This collaboration introduces Certegy's Positive Pay program, allowing unbanked employees easier access to cash their checks at over 100,000 retailers in the U.S. The program aims to reduce payroll fraud and lower check-cashing fees for businesses, providing a competitive advantage in employee recruitment and retention. Asure's integration of this secure payment solution is expected to further empower its clients to onboard more workers efficiently.

Austin-based Asure Software (Nasdaq: ASUR) has announced a new integration with Employee Navigator, enhancing benefits administration for over 60,000 companies. This innovation facilitates automatic data updates between the two platforms, streamlining payroll and HR processes for benefit brokers. CEO Pat Goepel emphasized that this partnership not only refines their broker referral strategy but also creates additional revenue streams for brokers. The integration positions Asure as a valuable partner in the HR solution market, aligning interests with brokers and improving client service.

Asure Software reported strong third-quarter results for 2021, with revenue of $17.98 million, marking a 12% increase year-over-year. The company achieved significant milestones, including the acquisition of two payroll businesses and the launch of an integrated payroll and HR platform for small businesses. Notably, GAAP net income reached $5.3 million, boosted by a $10.5 million gain related to the Employee Retention Tax Credit (ERTC). Looking ahead, Asure expects fourth-quarter revenue between $20.5 million and $21 million and projects fiscal year 2022 revenue of $85 million to $90 million.