Asure Software Inc Stock Price, News & Analysis

Austin-based Asure (NASDAQ: ASUR) announces a new leadership structure aimed at enhancing its growth strategy. Three key appointments include John Pence as Chief Financial Officer, Todd Waletzki as Chief of Staff, and Yasmine Rodriguez as Sr. Vice President and General Manager, Tax & Compliance. Each brings extensive experience in Human Capital Management (HCM) and is set to contribute to Asure's vision and operational strategies. CEO Pat Goepel expressed confidence in their ability to drive momentum and ensure future success.

Asure Software (NASDAQ: ASUR) has successfully completed its underwritten public offering, selling 2,600,000 shares at $7.25 each, generating gross proceeds of $18,850,000. This offering included shares purchased by key executives. The net proceeds will be allocated for general corporate purposes, including potential acquisitions, though no specific agreements are currently in place. Roth Capital Partners led the offering, with Craig-Hallum and Barrington as co-managers. The offering was registered under an effective SEC statement.

Asure Software, Inc. (NASDAQ: ASUR) has priced an underwritten public offering of 2,600,000 newly issued shares at $7.25 per share, aiming for gross proceeds of approximately $18.85 million. The offering is expected to close on December 22, 2020, upon meeting customary conditions. Asure plans to utilize the net proceeds for general corporate purposes, potentially including acquisitions, though no specific agreements are currently in place. Roth Capital Partners serves as the sole book-running manager for this offering.

Asure Software, Inc. (NASDAQ: ASUR) announced its intention to conduct an underwritten public offering of newly issued common stock. The company plans to grant underwriters a 30-day option to purchase an additional 15% of the shares sold. Roth Capital Partners is the sole book-running manager for this offering, which remains subject to market conditions. The offering will be executed under an effective shelf registration statement previously filed with the SEC. This press release does not constitute an offer to sell or a solicitation to buy any securities of Asure.

Asure (NASDAQ: ASUR) reported its third quarter 2020 results with HCM revenue of $16.0 million, surpassing expectations but down 10% year-over-year. New bookings from small businesses surged over 100% compared to last year. While free cash flow was positive at $1.4 million, GAAP gross profit fell 16% to $9.1 million. The company faced challenges due to COVID-19, affecting overall performance. Key leadership changes included John Pence as the new CFO. Asure remains committed to supporting its small-business clients during these challenging times.

Asure (NASDAQ:ASUR) will announce its Q3 2020 financial results on November 9, 2020, after market close. A conference call with CEO Pat Goepel and CFO Jay Powers is scheduled for 3:30 PM CT to discuss the results. Investors can access the live webcast and replay on the company's investor relations website. Asure provides cloud-based Human Capital Management solutions, supporting over 60,000 small and mid-sized businesses with services such as payroll, HR, and compliance.

Asure (NASDAQ: ASUR) reported its Q2 2020 results, with HCM revenue of $14.1 million, a decrease of 18.5% year-over-year but above consensus estimates. Non-GAAP EPS reached $0.03, beating expectations. The company experienced a 21% increase in HCM bookings, despite challenges from COVID-19, which impacted overall financial performance. Gross profit decreased to $8.1 million (57.4% margin). Management remains optimistic about recovery as businesses reopen, and Asure continues to support small businesses through the COVID-19 Resource Center.

Asure (NASDAQ: ASUR) will release its Q2 2020 financial results after the market close on August 10, 2020. A conference call will follow at 3:30 PM CT (4:30 PM ET) hosted by CEO Pat Goepel and CFO Kelyn Brannon. Investors can join via U.S. dial-in at (877) 853-5636 or internationally at (631) 291-4544, using conference ID 6255756. A live webcast and replay will be available on their investor relations website.

Asure Software (ASUR) has been added to the Russell 3000 Index effective June 8, 2020. This inclusion is a recognition of Asure's strong market position and its commitment to delivering value to shareholders. The membership ensures automatic inclusion in either the Russell 1000 or Russell 2000, broadening exposure to institutional investors and increasing stock liquidity. Russell indexes are widely used in investment strategies, with about $9 trillion in assets benchmarked against them.