secwatch.observer — SEC 8-K summary
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Issuer:     ASURE SOFTWARE INC (ASUR)
CIK:        0000884144
Form:       8-K
Filed at:   2021-08-09T23:59:59+00:00
Accession:  0000884144-21-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884144/000088414421000009/0000884144-21-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884144/000088414421000009/asur-20210809.htm
  HTML page:      https://secwatch.observer/filing/0000884144-21-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer