Asure Software Inc Stock Price, News & Analysis

Asure (NASDAQ: ASUR) has acquired HireClick, an innovative applicant tracking system (ATS) designed for small and mid-sized businesses. This strategic move expands Asure's Human Capital Management (HCM) suite with an AI-powered hiring solution that streamlines the recruitment process. HireClick offers features such as job description creation, posting to national job boards, applicant tracking, and a personalized careers website.

The acquisition aligns with Asure's mission to simplify people management and help businesses compete for top talent. Pat Goepel, Asure's Chairman and CEO, emphasized the importance of hiring in business success and the company's goal to reduce administrative burdens. Scott Peterson, VP and GM for HireClick, highlighted the solution's ability to make digital talent acquisition more accessible for employers and job seekers alike.

Asure Software (Nasdaq: ASUR) reported Q2 2024 results with revenue of $28 million, down 8% year-over-year due to a $6.5 million reduction in ERTC revenue. However, recurring revenue grew 18% to $27.1 million. The company experienced a net loss of $4.4 million and Adjusted EBITDA of $4.1 million.

Key highlights include:

• Revenue excluding ERTC up 18% to $27.5 million
• Gross profit of $18.9 million
• Non-GAAP gross profit of $20.4 million (73% margin)

Asure announced new partnerships and acquisitions, including an agreement with Vensure Employer Solutions and the acquisition of an applicant tracking system technology company. The company updated its full-year 2024 revenue guidance to $123M-$129M.

Asure Software (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, has announced its upcoming second quarter 2024 financial results conference call. The call is scheduled for Thursday, August 1, 2024, at 4:30 p.m. Eastern time. Asure's Chairman and CEO Pat Goepel, along with CFO John Pence, will host the call, which will be followed by a question-and-answer session.

Financial results will be released via press release prior to the call. Investors can join the conference call using the provided U.S. and international dial-in numbers. The call will also be webcast on Asure's investor relations website, with a replay available afterwards.

Asure (NASDAQ: ASUR) announced a strategic partnership with MyHRScreens to provide enhanced background screening services for small and mid-sized businesses. This collaboration aims to streamline the hiring process by offering comprehensive background checks, including criminal history, employment, education verifications, and drug testing. CEO Pat Goepel emphasized the importance of these screenings in mitigating risks and accelerating onboarding. The partnership will enable Asure's SMB clients to make informed, confident hiring decisions, ensuring legal compliance and a safer work environment.

Asure Software (NASDAQ: ASUR) has announced a new agreement with Vensure Employer Solutions to introduce the PrismHR TAX platform. This collaboration aims to enhance payroll tax management services for PrismHR clients and Vensure's internal operations. Leveraging Asure's advanced technology, the platform ensures compliance with federal, state, and local tax regulations, reducing financial risk for companies. The agreement is expected to provide Vensure and its clients with improved regulatory compliance and streamlined payroll processes, strengthening their HR technology portfolio.

Asure (NASDAQ: ASUR), a major provider of cloud-based Human Capital Management (HCM) software, has released its 2024 HR Benchmark Report, focusing on small businesses. The report highlights that companies prioritizing HR best practices significantly outperform their peers. Surveying over 1,000 SMBs, it examines eight HR practices: recruiting, hiring, benefits, onboarding, development, compliance, retention, and post-employment. Key findings include that fast-growth companies adopt HR best practices at an 83% rate, compared to 64% for zero-growth firms. Competitive benefits like 401(k) plans and wellness programs are important in attracting and retaining talent, with 74% of fast-growth companies offering them versus 50% of zero-growth firms. Effective onboarding, investment in employee development, and strong compliance measures are also vital for business success.

Asure (NASDAQ: ASUR) has announced that Vidya Sagar Ravipati, Applied Science Manager at the AWS Generative AI Innovation Center, will be a guest speaker at its EVOLVE 2024 conference in Austin, TX, from June 4-7, 2024.

Vidya Sagar will discuss the transformative power of generative AI in Human Capital Management (HCM) technology. The event, designed for Asure reseller partners, will focus on helping resellers drive growth and enhance efficiency.

Asure's collaboration with AWS aims to integrate advanced AI and machine learning capabilities into HCM solutions, optimizing workflows, enhancing user experiences, and expediting innovation. Attendees will gain insights into leveraging these technologies for digital transformation.

Asure, a provider of cloud-based Human Capital Management (HCM) software, has announced the release of the 100th episode of its 'Mission to Grow' podcast.

This milestone highlights Asure's dedication to aiding small businesses with essential insights and strategies. The latest episode addresses the FLSA overtime threshold, a regulation potentially impacting 4 million business owners.

Since its launch, the podcast has offered valuable content on leadership, HR compliance, and employee engagement, hosted by Asure CMO Mike Vannoy. Asure continues to support small businesses with innovative workforce management solutions, including HR, payroll, and time management tools.

Listeners can access the podcast on major platforms such as Apple Podcasts, Spotify, and Google Podcasts, as well as view episodes on YouTube.

Asure Software, Inc. (Nasdaq: ASUR) announces its participation in various financial conferences in May and June 2024. The company will attend events like the 19th Annual Needham Technology, Media and Consumer Conference, Jefferies HCM Summit, and more to showcase its cloud-based Human Capital Management solutions.