secwatch.observer — SEC 8-K summary
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Issuer:     ASURE SOFTWARE INC (ASUR)
CIK:        0000884144
Form:       8-K
Filed at:   2021-11-08T23:59:59+00:00
Accession:  0000884144-21-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.72
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884144/000088414421000024/0000884144-21-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884144/000088414421000024/asur-20211108.htm
  HTML page:      https://secwatch.observer/filing/0000884144-21-000024

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