secwatch.observer — SEC 8-K summary
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Issuer:     ASURE SOFTWARE INC (ASUR)
CIK:        0000884144
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0000884144-22-000068
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884144/000088414422000068/0000884144-22-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884144/000088414422000068/asur-20221107.htm
  HTML page:      https://secwatch.observer/filing/0000884144-22-000068

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