Asure Software Inc Stock Price, News & Analysis

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.

Asure (Nasdaq: ASUR), a leader in cloud-based Human Capital Management (HCM) solutions, will release its third quarter 2021 financial results on November 8, 2021, after market close. A conference call hosted by CEO Pat Goepel and CFO John Pence will occur at 3:30 PM CT (4:30 PM ET) on the same day to discuss these results. Interested parties can access the live webcast and replay on the company's investor relations website.

Asure Software reported strong second-quarter results, achieving 22% revenue growth year over year, totaling $17.2 million. This growth was driven by both organic and inorganic means, notably from its acquisition of Payroll Tax Management. Bookings surged by 48% year over year, indicating a healthy sales strategy. The company ended the quarter with $20.3 million in cash and reduced its debt by 41%. Guidance for the third quarter predicts revenue between $17.0 million and $17.5 million, suggesting continued positive momentum.

Asure (Nasdaq: ASUR) will release its Q2 2021 financial results on August 9, 2021, after market close. A conference call will follow at 3:30 p.m. CT (4:30 p.m. ET) featuring Chairman and CEO Pat Goepel and CFO John Pence. The event will include a Q&A session and will be accessible via a live webcast on Asure's investor relations website.

Asure specializes in cloud-based Human Capital Management (HCM) solutions, helping over 80,000 small and mid-sized businesses enhance their workforce management.

Asure (NASDAQ: ASUR) reported first-quarter 2021 results, showing total revenue of $19.8 million, up 20.5% sequentially and 4.5% year-over-year. Recurring revenue from year-end W2/ACA was $3.6 million, a significant increase. Although EBITDA rose to $2.6 million, non-GAAP EPS fell to $0.12, a decline of 44% year-over-year. The company is optimistic about future growth and has reintroduced guidance for the upcoming quarter, forecasting revenues between $16.5 million and $17 million.

Asure (NASDAQ:ASUR) will announce its Q1 2021 financial results on May 10, 2021, after market close. A conference call will follow at 3:30 PM CT, featuring CEO Pat Goepel and CFO John Pence. Interested parties can join the call using the provided dial-in numbers or through a live webcast on the company's investor relations website. Asure provides Human Capital Management solutions, serving over 80,000 businesses with tools for payroll, HR, and compliance.

Asure (NASDAQ: ASUR) reported its fourth-quarter and full-year 2020 results, showing a sequential revenue growth of 3% to $16.4 million despite a 6.7% year-over-year decline. Non-GAAP HCM EBITDA increased 13% sequentially, reaching $1.1 million. The company added over 100% more small business HCM bookings year-over-year. Asure emphasized its commitment to small businesses, aiming for 10% organic and acquired growth. However, the ongoing impact of COVID-19 negatively affected year-over-year results and net income remains in a loss position.