Asure Software Inc Stock Price, News & Analysis

Asure Software (Nasdaq: ASUR) announced that it has no accounts or client funds with Silicon Valley Bank or Signature Bank, reaffirming its financial stability amid recent banking sector volatility. Asure is a provider of cloud-based Human Capital Management (HCM) software solutions aimed at supporting small and mid-sized companies. Their offerings include payroll, tax services, time and attendance software, and HR services, which help clients navigate complex labor laws and manage resources effectively. This announcement highlights Asure's commitment to transparency and client security in uncertain economic conditions.

AUSTIN, Texas, March 3, 2023 (GLOBE NEWSWIRE) -- Asure Software (Nasdaq: ASUR), a leader in cloud-based Human Capital Management (HCM) software solutions, has announced its participation in the 35th Annual Roth Conference from March 12-14, 2023. During this event, CEO Pat Goepel and President Eyal Goldstein will engage in 1-on-1 meetings, small group discussions, and presentations among approximately 400 participating companies. This platform aims to facilitate networking and investment opportunities within the growth sector.

For more details and registration, visit Asure Software's official page.

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.