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Asure Software, Inc. reports developments around its cloud-based Human Capital Management software for organizations of multiple sizes. The company's HCM suite covers HR, payroll, time and attendance, benefits administration, payroll tax management and talent management, with HR compliance services that incorporate AI technology.
Recurring ASUR news includes quarterly earnings and guidance, recurring revenue and non-GAAP operating measures, customer and partner updates, executive and operational leadership changes, and investor-conference participation. Company updates also reference workforce management, payroll accuracy, tax management and regulatory compliance support for clients.
Asure Software reports a record fourth quarter revenue of $29.3 million, a 39% increase from the previous year, contributing to a full year revenue of $95.8 million, up 26%. Recurring revenue also saw a substantial rise, reaching $24.1 million in Q4. Despite a net loss of $1.1 million in Q4, this marks an improvement of $3.2 million year-over-year. The company has raised its financial targets for 2023, projecting revenue between $105 million and $107 million. Key integrations with ZayZoon and tax software firms enhance Asure's service offerings, aligning with market trends towards employee convenience.
Asure Software (Nasdaq: ASUR) has partnered with ZayZoon to introduce an on-demand pay solution aimed at enhancing financial wellness for employees while providing small and mid-sized businesses (SMBs) with a competitive edge in hiring and retention.
This collaboration will allow employees of Asure’s payroll clients to access their earned wages instantly, promoting better financial health. According to CEO Pat Goepel, this service aims to alleviate financial pressures on employees and is becoming essential in talent acquisition.
Asure (Nasdaq: ASUR) is set to release its fourth quarter and full year 2022 financial results on February 27, 2023, after market close. A conference call will follow at 3:30 pm CT to discuss these results, featuring key company executives, including Chairman and CEO Pat Goepel.
The company offers cloud-based Human Capital Management (HCM) software solutions aimed at small and mid-sized businesses, supporting over 80,000 clients. Asure's solutions include payroll, HR, and time and attendance services.
Asure Software has partnered with Intuit's TurboTax to enhance tax filing for its small business clients. This integration allows employees to import W-2 information directly, simplifying the filing process and reducing errors. By enabling electronic filing, tax refunds can be expedited, providing added benefits to employees amid a competitive job market. CEO Pat Goepel emphasized the initiative's goal to streamline HR and payroll processes, thereby attracting and retaining talent. Asure's advanced solutions aim to assist businesses in managing compliance and reducing back-office expenses.
Asure Software, Inc. (Nasdaq: ASUR) announced a new integration with H&R Block aimed at simplifying tax preparation for employees and small businesses. This collaboration allows employees to electronically access their W-2s from Asure into H&R Block's tax software, streamlining the tax process and minimizing manual input errors. The integration, available for all employees receiving W-2s from Asure's clients, enhances the competitive edge for small businesses in talent acquisition by demonstrating a commitment to employee convenience. CEO Pat Goepel emphasized the initiative as a significant advancement in leveraging technology for workforce management.
AUSTIN, Texas, Jan. 05, 2023 (GLOBE NEWSWIRE) -- Asure Software (Nasdaq: ASUR) will participate in the 25th Annual Needham Growth Conference on January 12, 2023, virtually. Eyal Goldstein, President and Chief Revenue Officer, and John Pence, CFO, will present and hold one-on-one meetings with investors. Asure specializes in cloud-based Human Capital Management (HCM) solutions, providing services like Payroll and HR to small and mid-sized companies. For inquiries or to arrange meetings, contact Asure's investor relations team.
Asure Software reported Q3 2022 revenue of $21.9 million, a 22% increase year-over-year, but incurred a net loss of $4.5 million compared to net income of $5.3 million in Q3 2021. Adjusted EBITDA rose 71% to $2.1 million, with total bookings increasing by 91% year-over-year. Asure raised its Q4 revenue guidance to a growth range of 11% to 14% and provided preliminary 2023 revenue guidance of $98 to $102 million. The company is focusing on automation and enhancing HR compliance to drive future revenue growth.
Asure, a cloud-based Human Capital Management (HCM) software provider, announced the release of its financial results for Q3 2022, scheduled for November 7, 2022, after market close. The company will hold a conference call hosted by CEO Pat Goepel and CFO John Pence at 3:30 PM CT to discuss the results, followed by a Q&A session. Investors can access a live webcast on their Investor Relations page.
Asure supports over 80,000 small and mid-sized businesses with solutions including payroll, tax, HR, and compliance.
Asure Software and Equifax have announced a new integration that enables Asure's clients to access automated verification services from The Work Number. This integration aims to streamline employment and income verifications for small businesses, benefiting approximately 80,000 customers. Employers will save time by reducing manual verification requests, while employees can achieve faster access to critical services during life milestones. The integration is available at no cost to Asure clients and reflects a commitment to enhancing Human Capital Management (HCM) functionality.
Asure Software and Equifax have announced a new integration that allows Asure clients access to The Work Number, providing automated verifications for employment and income. This integration aims to benefit over 80,000 small businesses and their employees by streamlining the verification process, reducing manual efforts, and enhancing efficiency. With a database of 584 million employment records, The Work Number offers quick and secure verifications, essential for significant life events like mortgage applications. The service is available now at no extra cost to Asure clients.