Asure Software Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 02, 2024

Asure Software (NASDAQ:ASUR) Third Quarter 2024 Results

Key Financial Results

Revenue: US$29.3m (flat on 3Q 2023).
Net loss: US$3.90m (loss widened by 77% from 3Q 2023).
US$0.15 loss per share (further deteriorated from US$0.098 loss in 3Q 2023).

earnings-and-revenue-growth — NasdaqCM:ASUR Earnings and Revenue Growth November 2nd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Asure Software Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are down 12% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Asure Software you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.