New Risk • May 04
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$10m Forecast net loss in 1 year: US$6.6m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$6.6m net loss next year). Significant insider selling over the past 3 months (US$182k sold). Announcement • May 03
Asure Software, Inc. Provides Revenue Guidance for the Second Quarter and Full Year 2026 Asure Software, Inc. provided revenue guidance for the second quarter and full year 2026. For the quarter, the company expects revenue of $36.0 Million to $38.0 Million.
For the full year, the company expects revenue of $159.0 million to $163.0 million. Reported Earnings • May 01
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$0.022 (up from US$0.089 loss in 1Q 2025). Revenue: US$42.8m (up 23% from 1Q 2025). Net income: US$625.0k (up US$3.02m from 1Q 2025). Profit margin: 1.5% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Professional Services industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Announcement • Apr 29
Asure Software Launches Asureworks, A Done-For-You Payroll and HR Service Asure Software, Inc. had launched AsureWorks, a done-for-you service in which Asure specialists run payroll and handle day-to-day HR administration on behalf of employer clients. AsureWorks is offered alongside AsureCentral, Asure’s payroll and HR software platform powered by Luna AI, giving employers a clear choice in how they operate — do the work themselves on AsureCentral™, or have Asure’s team do it for them through AsureWorks. Clients remain the employer of record under either model. Payroll and HR has to be right. Pay-transparency laws, paid-leave mandates, multi-state and remote workforces, and a steady accumulation of jurisdiction-specific rules have made the day-to-day administrative work meaningfully more complex over the past several years. For many employers, AsureCentral — powered by Luna AI — is exactly the right answer: they want the controls, the visibility, and the ability to operate the work on their own terms. For a growing number of others, that work has become more than they want their team to carry, and they have asked Asure to run it for them. AsureWorks is Asure’s response to that demand. Same platform. Same Luna AI. The choice is who does the work. AsureWorks runs on AsureCentral, with Asure’s specialists handling payroll processing, tax filing, employee record management, onboarding, time and pay data coordination, benefits administration coordination, and the routine HR documentation and compliance administration that sits behind every pay run. Clients keep full authority over their company, their people, and their decisions, and review outcomes rather than operate the day-to-day work. AsureWorks is additive recurring revenue from the same client base, with our team operating AsureCentral every day and Luna AI automating a meaningful share of the underlying work. AsureWorks is structured as a flexible alternative to a Professional Employer Organization (PEO). It does not require co-employment and does not bundle benefits or retirement programs into a fixed package. Clients remain the employer of record, choose their own benefits, retirement plans, and workforce partners, and retain full control over workforce decisions. Asure’s specialists take ownership of the operational work. Through AsureWorks, employers receive specialist support across: Payroll processing, tax filing, and reporting; Employee record management and HR documentation; New hire onboarding and employee change administration; Time and pay data coordination; Benefits administration coordination; Compliance administration and exception handling. Employers can compare AsureCentral and AsureWorks at www.asuresoftware.com/asureworks. Announcement • Apr 17
Asure Software, Inc. to Report Q1, 2026 Results on Apr 30, 2026 Asure Software, Inc. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Apr 04
Asure Software, Inc., Annual General Meeting, May 12, 2026 Asure Software, Inc., Annual General Meeting, May 12, 2026. Location: at 405 colorado street, suite 1800, texas 78701, austin United States Announcement • Mar 31
Asure Software, Inc. Appoints Tiffany Mortimer as Chief Transformation & People Officer Asure Software, Inc. appointed Tiffany Mortimer as Chief Transformation & People Officer. Mortimer brings 15 years of experience leading enterprise transformation, operational execution, and people strategy at high-growth SaaS companies. In her new role, Mortimer will lead Asure’s transformation initiatives and People function. Her responsibilities will encompass operational excellence, cross-functional execution, and developing the organizational capacity to support the company’s continued growth. She will partner directly with Chairman and CEO Pat Goepel and the broader leadership team on key strategic priorities. Mortimer joins Asure from KnowBe4, a cybersecurity SaaS platform, where she served as Deputy Chief Operating Officer and operated as a senior executive partner to the CEO and board. During her tenure, she helped lead the company through hypergrowth, its IPO, and the subsequent $4.6 billion acquisition by Vista Equity Partners, serving as a key execution leader in the Office of the CEO with oversight of strategic operations, enterprise program management, and business process optimization. Prior to that role, she served as Chief of Staff through a period of rapid growth and multiple strategic acquisitions, and as Interim Chief Human Resources Officer, where she led a global HR organization through a critical leadership transition. Recent Insider Transactions • Mar 16
President & Chief Revenue Officer recently sold US$182k worth of stock On the 11th of March, Eyal Goldstein sold around 20k shares on-market at roughly US$9.09 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Eyal's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Mar 12
President & Chief Revenue Officer notifies of intention to sell stock Eyal Goldstein intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of March. If the sale is conducted around the recent share price of US$9.14, it would amount to US$183k. Since March 2025, Eyal's direct individual holding has increased from 170.18k shares to 243.50k. Company insiders have collectively sold US$40k more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Mar 05
Consensus EPS estimates fall by 32% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -US$0.192 to -US$0.254 per share. Revenue forecast unchanged at US$160.2m. Professional Services industry in the US expected to see average net income growth of 13% next year. Consensus price target broadly unchanged at US$13.38. Share price rose 27% to US$9.39 over the past week. Reported Earnings • Feb 27
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: US$0.48 loss per share (further deteriorated from US$0.45 loss in FY 2024). Revenue: US$140.5m (up 17% from FY 2024). Net loss: US$13.1m (loss widened 12% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Professional Services industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Announcement • Feb 27
Asure Software, Inc. Provides Revenue Guidance for the First Quarter and Full Year 2026 Asure Software, Inc. provided revenue guidance for the first quarter and full year 2026. For the quarter, the company expects revenue of $41.0 Million to $43.0 Million.
For the full year, the company expects revenue of $159.0 million to $162.0 million. Announcement • Feb 13
Asure Software, Inc. to Report Q4, 2025 Results on Feb 26, 2026 Asure Software, Inc. announced that they will report Q4, 2025 results on Feb 26, 2026 Announcement • Jan 08
Asure Software Announces Appointment of Mike Eralie as Senior Vice President of Operations Asure Software announced the appointment of Mike Eralie as Senior Vice President of Operations. In this role, Mr. Eralie will lead Asure’s operational strategy and execution across the company’s payroll, HR, compliance, workforce management, and managed services businesses. He will focus on optimizing service delivery, aligning cross-functional teams, and building the operational foundation required to support Asure’s continued expansion. Mr. Eralie joins Asure with more than 20 years of leadership experience in the HR and payroll managed services industry. Most recently, he served as Chief Operating Officer at Safeguard Pay, which was acquired by Deel, and previously as Chief Operating Officer at NGA, acquired by Alight. In those roles, he led global service delivery, implementation, customer success, technology support, and consulting for customers in more than 100 countries. Earlier in his career, Mr. Eralie held senior IT leadership roles as a CIO and IT Director, and he began his professional career as an auditor and consultant at Arthur Andersen. He holds a Bachelor of Arts in Accounting from the University of Utah and an MBA from Duke University’s Fuqua School of Business. New Risk • Nov 23
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$17m Forecast net loss in 2 years: US$2.5m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Recent Insider Transactions Derivative • Nov 14
Key Executive exercised options and sold US$83k worth of stock On the 10th of November, John Pence exercised 75.00k options at around US$6.95, then sold 68k of the shares acquired at an average of US$1.21 per share and kept the remainder. Since March 2025, John's direct individual holding has increased from 100.35k shares to 114.22k. Company insiders have collectively sold US$173k more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Nov 06
Consensus EPS estimates fall by 72% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.314 to -US$0.54 per share. Revenue forecast unchanged at US$139.7m. Professional Services industry in the US expected to see average net income growth of 12% next year. Consensus price target of US$13.39 unchanged from last update. Share price was steady at US$8.16 over the past week. Breakeven Date Change • Oct 31
Forecast breakeven date pushed back to 2027 The 9 analysts covering Asure Software previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 85% per year to 2026. The company is expected to make a profit of US$8.10m in 2027. Average annual earnings growth of 126% is required to achieve expected profit on schedule. Announcement • Oct 17
Asure Software, Inc. to Report Q3, 2025 Results on Oct 30, 2025 Asure Software, Inc. announced that they will report Q3, 2025 results on Oct 30, 2025 Major Estimate Revision • Aug 07
Consensus EPS estimates fall by 112%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$135.7m to US$139.4m. Forecast EPS reduced from -US$0.148 to -US$0.314 per share. Professional Services industry in the US expected to see average net income growth of 15% next year. Consensus price target down from US$14.40 to US$13.15. Share price fell 15% to US$8.26 over the past week. Recent Insider Transactions • Aug 07
Independent Director recently bought US$208k worth of stock On the 5th of August, William Drew bought around 25k shares on-market at roughly US$8.30 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$206k more in shares than they have sold in the last 12 months. Price Target Changed • Aug 03
Price target decreased by 8.2% to US$13.22 Down from US$14.40, the current price target is an average from 9 analysts. New target price is 58% above last closing price of US$8.37. Stock is down 7.0% over the past year. The company is forecast to post a net loss per share of US$0.28 next year compared to a net loss per share of US$0.45 last year. Reported Earnings • Aug 01
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: US$0.23 loss per share (further deteriorated from US$0.17 loss in 2Q 2024). Revenue: US$30.1m (up 7.4% from 2Q 2024). Net loss: US$6.12m (loss widened 40% from 2Q 2024). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 124%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 18
Asure Software, Inc. to Report Q2, 2025 Results on Jul 31, 2025 Asure Software, Inc. announced that they will report Q2, 2025 results on Jul 31, 2025 Announcement • Jul 02
Asure Software, Inc. (NasdaqCM:ASUR) acquired Lathem Time Corporation for $39.5 million. Asure Software, Inc. (NasdaqCM:ASUR) acquired Lathem Time Corporation for $39.5 million on July 1, 2025. Larry Gold of Larry Gold Law, P.C. served as legal advisor to Pendulum Holding and Katheryn A.Gettman and Michael P. Zanan of Cozen O’Conner P.C. served as legal advisor to Asure Software.
Asure Software, Inc. (NasdaqCM:ASUR) completed the acquisition of Lathem Time Corporation on July 1, 2025. Recent Insider Transactions Derivative • Jul 01
Chairman & CEO exercised options and sold US$407k worth of stock On the 27th of June, Patrick Goepel exercised 150.00k options at around US$6.43, then sold 118k of the shares acquired at an average of US$9.87 per share and kept the remainder. For the year to December 2018, Patrick's total compensation was 24% salary and 76% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Patrick's direct individual holding has increased from 1.06m shares to 1.07m. Company insiders have collectively sold US$419k more than they bought, via options and on-market transactions in the last 12 months. New Risk • May 04
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$14m Forecast net loss in 1 year: US$2.6m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$15m). Currently unprofitable and not forecast to become profitable next year (US$2.6m net loss next year). Reported Earnings • May 02
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: US$0.089 loss per share (further deteriorated from US$0.012 loss in 1Q 2024). Revenue: US$34.9m (up 10% from 1Q 2024). Net loss: US$2.40m (loss widened US$2.09m from 1Q 2024). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 41%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Professional Services industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • May 02
Asure Software, Inc. Provides Earnings Guidance for the Second Quarter of 2025 Asure Software, Inc. provided earnings guidance for the second quarter of 2025. For the quarter, the company expects Revenue of $30.0 Million - $32.0 Million. Announcement • Apr 23
Asure Software Launches New Canadian Payroll Tax Solution to Support Global Enterprises Asure Software, Inc. announced the launch of its new Canadian payroll tax filing solution, designed specifically for large Canadian companies and global enterprises with employees in Canada. This innovative solution expands Asure's capability to serve enterprise clients with international workforces, seamlessly integrating payroll tax services into major platforms such as Workday, Oracle, and SAP. Asure's Canadian tax product leverages Luna, the company's proprietary AI-powered virtual agent, marking a significant advancement as the first of its kind in the Canadian market. The Canadian payroll tax solution addresses critical compliance needs for organizations managing cross-border payroll processes, reducing complexity and ensuring accurate, timely filing. The integration of Luna provides intelligent automation, further simplifying workflows and improving operational efficiency. Recent Insider Transactions Derivative • Mar 21
President & Chief Revenue Officer notifies of intention to sell stock Eyal Goldstein intends to sell 18k shares in the next 90 days after lodging an Intent To Sell Form on the 12th of March. If the sale is conducted around the recent share price of US$9.27, it would amount to US$167k. Since June 2024, Eyal's direct individual holding has increased from 145.37k shares to 170.18k. Company insiders have collectively sold US$116k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Mar 18
President & Chief Revenue Officer notifies of intention to sell stock Eyal Goldstein intends to sell 26k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of March. If the sale is conducted around the recent share price of US$9.54, it would amount to US$248k. Since June 2024, Eyal's direct individual holding has increased from 145.37k shares to 170.18k. Company insiders have collectively sold US$35k more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Mar 13
Consensus EPS estimates fall from profit to US$0.11 loss The consensus outlook for fiscal year 2025 has been updated. Expected to report loss instead of -US$0.11 instead of US$0.014 per share profit previously forecast. Revenue forecast unchanged at US$135.2m Professional Services industry in the US expected to see average net income growth of 16% next year. Consensus price target up from US$14.00 to US$14.33. Share price fell 5.5% to US$9.16 over the past week. Recent Insider Transactions Derivative • Mar 12
President & Chief Revenue Officer notifies of intention to sell stock Eyal Goldstein intends to sell 26k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of March. If the sale is conducted around the recent share price of US$9.54, it would amount to US$248k. Since June 2024, Eyal's direct individual holding has decreased from 145.37k shares to 127.58k. Company insiders have collectively bought US$16k more than they sold, via options and on-market transactions, in the last 12 months. Breakeven Date Change • Mar 07
Forecast to breakeven in 2026 The 9 analysts covering Asure Software expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 70% to 2025. The company is expected to make a profit of US$805.4k in 2026. Average annual earnings growth of 131% is required to achieve expected profit on schedule. Announcement • Mar 07
Asure Software, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2025 Asure Software, Inc. provided earnings guidance for the first quarter and full year 2025. For the quarter, the company expects revenue $33.0 million to $35.0 million.
For the year, the company expects revenue to be $134.0 million to $138.0 million. Announcement • Feb 21
Asure Software, Inc. to Report Q4, 2024 Results on Mar 06, 2025 Asure Software, Inc. announced that they will report Q4, 2024 results on Mar 06, 2025 Announcement • Feb 20
Asure Introduces Luna, the Industry's First AI Agent for Payroll & HR Asure announced the introduction of Luna, a AI Agent designed to enhance payroll and HR management. Unlike traditional generative AI chatbots, Luna is an advanced AI agent that understands Asure's suite of products, serves as an industry expert, and most importantly, can take action on behalf of both employees through self-service and business owners and administrators. Luna enhances payroll and HR tasks, making them more seamless for businesses and their employees. Employees often struggle with knowing what HR and payroll updates are necessary when life changes occur. Luna removes that complexity by guiding employees through key decisions and making the necessary changes for them. For example, if an employee gets married and needs to update their last name, address, and benefits elections, they may not know every detail that requires updating. Luna assists by guiding the employee through the necessary changes and helping facilitate updates across payroll and HR systems, reducing administrative burden and improving efficiency for both employees and employers. Announcement • Jan 08
Jay Whitehead Joins Asure as Senior Vice President of AsurePay and Marketplace Asure announced that serial HR and pay technology pioneer Jay Whitehead has joined to lead its AsurePay Platinum VIP Banking card and Marketplace businesses. Price Target Changed • Nov 11
Price target decreased by 8.1% to US$13.17 Down from US$14.33, the current price target is an average from 9 analysts. New target price is 41% above last closing price of US$9.31. Stock is up 8.8% over the past year. The company is forecast to post a net loss per share of US$0.38 next year compared to a net loss per share of US$0.42 last year. Major Estimate Revision • Nov 10
Consensus EPS estimates fall by 91% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$125.2m to US$119.8m. Losses expected to increase from US$0.21 per share to US$0.40. Professional Services industry in the US expected to see average net income growth of 22% next year. Consensus price target of US$13.39 unchanged from last update. Share price rose 10% to US$9.39 over the past week. Announcement • Nov 02
Asure Software, Inc. Provides Earnings Guidance for the Fourth Quarter of Year 2024 and for Full Year of 2024 and 2025 Asure Software, Inc. provided earnings guidance for the fourth quarter of year 2024 and for full year of 2024 and 2025. For the quarter, the company expects Revenue in the range of $30 million to $32 million
For year 2024, the company expects Revenue in the range of $119 million to $121 million
For year 2025, the company expects Revenue in the range of $134 million to $138 million which does not include revenue from potential future acquisitions. Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: US$0.15 loss per share (further deteriorated from US$0.098 loss in 3Q 2023). Revenue: US$29.3m (flat on 3Q 2023). Net loss: US$3.90m (loss widened 77% from 3Q 2023). Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in the US. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Nov 01
Asure Software, Inc. has filed a Follow-on Equity Offering in the amount of $25 million. Asure Software, Inc. has filed a Follow-on Equity Offering in the amount of $25 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Announcement • Oct 18
Asure Software, Inc. to Report Q3, 2024 Results on Oct 31, 2024 Asure Software, Inc. announced that they will report Q3, 2024 results on Oct 31, 2024 Recent Insider Transactions Derivative • Aug 22
President & Chief Revenue Officer notifies of intention to sell stock Eyal Goldstein intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of August. If the sale is conducted around the recent share price of US$8.44, it would amount to US$84k. Since March 2024, Eyal's direct individual holding has increased from 81.62k shares to 145.37k. Company insiders have collectively bought US$134k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Aug 02
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: US$0.17 loss per share. Revenue: US$28.0m (down 7.8% from 2Q 2023). Net loss: US$4.36m (loss widened 16% from 2Q 2023). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 85%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Professional Services industry in the US. Announcement • Aug 02
Asure Software, Inc. Provides Earnings Guidance for the Third Quarter and Updates Earnings Guidance for the Full Year of 2024 Asure Software, Inc. provided earnings guidance for the third quarter and updated earnings guidance for the full year of 2024. For the quarter, the company expects revenue to be in the range of $30.0 million to $33.0 million.
For the year, the company expects revenue to be in the range of $123.0 million to $129.0 million. Announcement • Jul 19
Asure Software, Inc. to Report Q2, 2024 Results on Aug 01, 2024 Asure Software, Inc. announced that they will report Q2, 2024 results on Aug 01, 2024 Reported Earnings • May 03
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: US$0.012 loss per share (down from US$0.017 profit in 1Q 2023). Revenue: US$31.7m (down 4.3% from 1Q 2023). Net loss: US$308.0k (down 191% from profit in 1Q 2023). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Professional Services industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 5% per year. Announcement • May 03
Asure Software, Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2024 Asure Software, Inc. provided earnings guidance for the second quarter and full year 2024. For the quarter, the company expected revenue to be $28.0 million – $29.0 million.For the year, the company expected revenue to be $125.0 million – $129.0 million. Announcement • Apr 20
Asure Software, Inc. to Report Q1, 2024 Results on May 02, 2024 Asure Software, Inc. announced that they will report Q1, 2024 results on May 02, 2024 Announcement • Apr 09
Asure Software, Inc., Annual General Meeting, May 20, 2024 Asure Software, Inc., Annual General Meeting, May 20, 2024, at 09:00 Central Standard Time. Location: 405 Colorado Street, Suite 1800, Austin, Texas 78701, Texas United States Agenda: To elect seven directors to the board of directors, each to hold office until the 2025 Annual Meeting or until his her respective successor is duly elected and qualified; to ratify the Audit Committee's appointment of Marcum LLP as independent registered public accounting firm for the year ending December 31, 2024; to approve an amendment to the Asure Software, Inc. Employee Stock Purchase Plan to increase the number of shares of common stock authorized for issuance by 400,000 shares; to approve, on a non-binding advisory basis, the compensation of our named executive officers; and to transact such other business as may properly come before the Annual Meeting or any adjournment thereof. Announcement • Feb 29
Asure Software, Inc. Provides Revenue Guidance for the First Quarter and Full Year 2024 Asure Software, Inc. provided revenue guidance for the first quarter and full year 2024. For the quarter, the company expects revenue of USD 30.0 million – USD 32.0 million. For the year, the company expects revenue of USD 125.0 million – USD 129.0 million. Reported Earnings • Feb 27
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: US$0.42 loss per share (improved from US$0.72 loss in FY 2022). Revenue: US$119.1m (up 24% from FY 2022). Net loss: US$9.21m (loss narrowed 36% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.1%. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Professional Services industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Feb 13
Asure Software, Inc. to Report Q4, 2023 Results on Feb 26, 2024 Asure Software, Inc. announced that they will report Q4, 2023 results on Feb 26, 2024 Recent Insider Transactions Derivative • Dec 13
Independent Director exercised options to buy US$79k worth of stock. On the 7th of December, William Drew exercised options to buy 10k shares at a strike price of around US$6.28, costing a total of US$63k. This transaction amounted to 23% of their direct individual holding at the time of the trade. Since March 2023, William has owned 42.57k shares directly. Company insiders have collectively sold US$399k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Nov 15
Asure Software, Inc. Provides Earnings Guidance for the Fourth Quarter of 2023 and Full Year of 2023 and 2024 Asure Software, Inc. provided earnings guidance for the fourth quarter of 2023 and full year of 2023 and 2024. For the quarter, the company expects Revenue to be in the range of $25.0 million to $27.0 million.For the year 2023. the company expects Revenue to be in the range of $118.0 million to $120.0 million.For the year 2024. the company expects Revenue to be in the range of $125.0 million to $129.0 million. Reported Earnings • Nov 15
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: US$0.098 loss per share (improved from US$0.22 loss in 3Q 2022). Revenue: US$29.3m (up 34% from 3Q 2022). Net loss: US$2.21m (loss narrowed 51% from 3Q 2022). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 39%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Professional Services industry in the US. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 15
Price target decreased by 14% to US$16.50 Down from US$19.25, the current price target is an average from 8 analysts. New target price is 142% above last closing price of US$6.83. Stock is down 1.6% over the past year. The company is forecast to post a net loss per share of US$0.42 next year compared to a net loss per share of US$0.72 last year. Announcement • Nov 14
Asure Launches Treasury Compliance Services Asure announced the launch of its Treasury Compliance Services specifically designed to assist regional and niche payroll providers with the stringent compliance demands related to money movement. This service strategically addresses the requirements of the money transmission laws in the various states, including those that have adopted the Model Money Transmission Modernization Act (collectively "MTMA"), the Bank Secrecy Act (BSA), and the National Automated Clearing House Association (NACHA) Operating Rules, which have notably increased regulatory requirements for companies moving money associated with payroll transactions. The Treasury Compliance Services leverage Asure's existing commercial banking and payments processing services, provided by J.P. Morgan. This enables Asure to deliver a comprehensive solution that meets the demands of money movement for payroll providers. The service simplifies the compliance process, allowing payroll providers to concentrate on their primary operations while Asure expertly manages the complexities of MTMA, BSA, and NACHA compliance. Key Benefits of Asure's Treasury Compliance Services: MTMA Adherence: As states increasingly regulate payroll companies as money transmitters, akin to banks, Asure's service ensures that payroll services are provided using Asure's compliant infrastructure. BSA Compliance: The service takes charge of the necessary Customer Identification Program (CIP) [formerly known as Know Your Customer (KYC] and Anti-Money Laundering (AML) protocols mandated by the Bank Secrecy Act, allowing payroll providers to fulfill these obligations without the administrative burden. NACHA Alignment: Asure manages the tokenization of banking information and the establishment of ACH agreements with employers on behalf of payroll providers, ensuring compliance with NACHA's stringent standards. The Treasury Compliance Services are set to be available in Fourth Quarter 2023, marking a significant step in supporting payroll companies to manage their compliance needs effectively and efficiently. Announcement • Oct 31
Asure Software, Inc. to Report Q3, 2023 Results on Nov 13, 2023 Asure Software, Inc. announced that they will report Q3, 2023 results on Nov 13, 2023 Announcement • Oct 10
Asure Software, Inc. Introduces Comprehensive 401(K) Solutions Tailored for Small Businesses Asure Software, Inc. announced the launch of its comprehensive 401(k) solutions, specifically designed to empower small businesses and their employees' financial futures. This strategic move not only enhances Asure's benefits package but also solidifies its commitment to fostering financial well-being for its clients. Key Highlights of Asure's 401(k) Solutions: Attraca and Retain Talent: Offering a 401(k) plan makes businesses more competite, aiding in talent acquisitioion and retention. Tax Advantages: Both businesses and their employees can reap tax benefits related to 401(k) contributions. Flexible and Customizable: Asure offers tailored 401(k) options that fit individual company needs and budgets. Seamless Integration with Payroll: The 401(k) plan integrates effortlessly with Asure's existing payroll system, simplifying administration. Expert Compliance Support: Asure's deep expertise ensures businesses navigate complex regulations and remain fully compliant. Furthermore, with the recent passing of the Secure Act 2.0, eligible small businesses can now claim up to 100% of the start-up administration expenses. Asure is dedicated to assisting businesses in leveraging these tax credits, making the 401(k) offering even more affordable. Why Asure Stands Out: Seamle s Integration: Asure's 401(k") solutions integrate smoothly with exisng payroll systems. Expxpert Guidance: Businesses benefit from personalised consultation and support, ensuring alignment with their objectives. Customized Solutions: Asure offers a range of investment options, allowing businesses to match their company culture and needs. Compliance Assurance: Asure's expert team manages all legal and regulatory aspects of the 401(k) plan. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Director Ben Allen was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 18
Asure Software, Inc. has completed a Follow-on Equity Offering in the amount of $39.999996 million. Asure Software, Inc. has completed a Follow-on Equity Offering in the amount of $39.999996 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 3,333,333
Price\Range: $12
Discount Per Security: $0.72 Major Estimate Revision • Aug 14
Consensus estimates of losses per share improve by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from US$112.1m to US$118.9m. EPS estimate increased from -US$0.522 per share to -US$0.462 per share. Professional Services industry in the US expected to see average net income growth of 14% next year. Consensus price target broadly unchanged at US$19.86. Share price was steady at US$13.52 over the past week. Price Target Changed • Aug 08
Price target increased by 7.3% to US$19.86 Up from US$18.50, the current price target is an average from 7 analysts. New target price is 34% above last closing price of US$14.87. Stock is up 180% over the past year. The company is forecast to post a net loss per share of US$0.46 next year compared to a net loss per share of US$0.72 last year. Announcement • Jul 26
Asure Software, Inc. to Report Q2, 2023 Results on Aug 07, 2023 Asure Software, Inc. announced that they will report Q2, 2023 results on Aug 07, 2023 Reported Earnings • May 10
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: US$0.017 (up from US$0.15 loss in 1Q 2022). Revenue: US$33.1m (up 36% from 1Q 2022). Net income: US$339.0k (up US$3.36m from 1Q 2022). Profit margin: 1.0% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Professional Services industry in the US. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Price Target Changed • May 10
Price target increased by 7.7% to US$19.57 Up from US$18.17, the current price target is an average from 7 analysts. New target price is 35% above last closing price of US$14.55. Stock is up 143% over the past year. The company is forecast to post a net loss per share of US$0.52 next year compared to a net loss per share of US$0.72 last year. 