Asure Q3 revenue up 22% to $21.9M; net loss $4.5M; raises Q4 guidance; introduces FY2023 outlook

ASURE SOFTWARE INC

2022-Q3 EPS reported -$0.67 revenue$66,536,000

Revenue $21.9M (+22% YoY); net loss $4.5M vs $5.3M net income in prior year which included $10.5M ERTC credit.
Adjusted EBITDA $2.1M, up 70.9% YoY; adjusted EBITDA margin 9.6% (+280 bps).
Total new sales bookings up 91% YoY; Q4 2022 revenue guidance raised to $23.5-24.0M.
FY2023 revenue guidance $98-102M with adjusted EBITDA margin 14-16%.
Business highlights: Equifax verification integration, ERTC automation for CPAs, PrismHR payroll tax partnership.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ASURE SOFTWARE INC reported third quarter ended September 30, 2022 results: revenue $21.9 million, net income Net loss of $4.5 million, EPS $(0.22) per share. Guidance raised.

Period: third quarter ended September 30, 2022
Revenue: $21.9 million
Net income: Net loss of $4.5 million
EPS: $(0.22) per share
Guidance: raised
Result: reported results

Exact text from the filing

Human Capital Management (HCM) software solutions, reported results for the third quarter ended September 30, 2022. Third Quarter 2022 Financial Highlights • Revenue of $21.9 million, up 22% year-over-year • Net loss of $4.5 million, compared to net income of $5.3 million in the prior year period, which also included a $10.5 million tax credit; non-GAAP net

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Source: SEC EDGAR

accession 0000884144-22-000068

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