---
schema_version: "secwatch.filing_event.v1"
accession: "0000884144-22-000068"
form_type: "8-K"
ticker: "ASUR"
cik: "0000884144"
company_name: "ASURE SOFTWARE INC"
filed_at: "2022-11-07T23:59:59+00:00"
generated_at: "2026-06-22T06:17:00.159645+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000884144-22-000068
- form_type: 8-K
- ticker: ASUR
- cik: 0000884144
- company_name: ASURE SOFTWARE INC
- filed_at: 2022-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884144/000088414422000068/0000884144-22-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884144/000088414422000068/asur-20221107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000884144-22-000068
- JSON: https://secwatch.observer/filing/0000884144-22-000068.json
- Plain text: https://secwatch.observer/filing/0000884144-22-000068.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/884144/000088414422000068/0000884144-22-000068-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.