Asure reports Q3 revenue $17.98M (+12% YoY); swings to GAAP net income $5.3M on $10.5M ERTC gain

ASURE SOFTWARE INC

2021-Q3 EPS reported $0.39 revenue$54,951,000

Revenue $17.98M, up 12% YoY and 5% sequentially; total bookings up 43% YoY.
GAAP net income $5.3M ($0.28 EPS) including $10.5M ERTC credit; prior year loss $4.76M.
Non-GAAP EBITDA $1.2M (7% margin); Non-GAAP net loss per share ($0.01).
Acquired two payroll businesses, partially funded by new credit facility with Structural Capital.
Helped clients file over $200M in ERTC credits; launched integrated payroll/HR platform for small businesses.

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