Asure Software Q2 2021: revenue up 22% to $17.2M, bookings +48%, GAAP net income $3.8M on PPP forgiveness

ASURE SOFTWARE INC

2021-Q2 EPS reported $0.11 revenue$36,970,000

Revenue $17.2M, +22% YoY; non-GAAP gross margin 66.0% vs 64.7% prior year.
GAAP net income $3.8M includes $8.7M PPP loan forgiveness vs net loss $3.9M in Q2 2020.
Non-GAAP EBITDA $1.1M (6.2% margin) vs $1.4M (10.0% margin) prior year.
Total bookings up 48% YoY and 51% sequentially; signed $50M credit facility with Structural Capital.
Guidance: plans to grow revenue 20% annually unchanged; management optimistic on re-opening.

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