Welcome to our dedicated page for Asure Software news (Ticker: ASUR), a resource for investors and traders seeking the latest updates and insights on Asure Software stock.
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 (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.
Asure (NASDAQ: ASUR) reported its Q1 2020 results amidst the COVID-19 pandemic. HCM revenue totaled $18.9 million, exceeding expectations. Non-GAAP EPS was $0.21, above the consensus of $0.16. However, HCM bookings saw an 11% year-over-year increase until February, but dropped 3% for the quarter due to pandemic impacts. Asure has withdrawn its full-year guidance, citing economic uncertainty. They launched a COVID-19 Resource Center to assist small businesses during the crisis.