Asure Software reports record Q4 revenue $29.3M (+39% YoY); raises FY2023 guidance

ASURE SOFTWARE INC

2021-FY EPS reported -$0.72 revenue$95,828,000

Q4 2022 revenue $29.3M, up 39% YoY; recurring revenue $24.1M, up 25% YoY.
Q4 net loss $1.1M, a $3.2M improvement YoY; adjusted EBITDA $6.0M, up $3.7M.
Full year 2022 revenue $95.8M, up 26% YoY; net loss $14.5M vs prior year net income of $3.2M (which included $18.8M extraordinary gains).
FY2023 guidance raised: revenue $105-107M (prev. $98-102M); adjusted EBITDA margin 15-17% (prev. 14-16%).
Announced integrations with ZayZoon (earned wage access) and H&R Block/TurboTax for e-W2 access.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ASURE SOFTWARE INC reported fourth quarter ended December 31, 2022 results: revenue $29.3 million, net income $1.1 million. Guidance raised.

Period: fourth quarter ended December 31, 2022
Revenue: $29.3 million
Net income: $1.1 million
Guidance: raised
Result: reported results

Exact text from the filing

Fourth Quarter 2022 Financial Highlights • Revenue of $29.3 million, up 39% from prior-year’s quarter • Recurring revenue of $24.1 million, up 25% from prior-year’s quarter • Net loss of $1.1 million, a $3.2 million improvement from prior-year’s quarter

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ASURE SOFTWARE INC reported year ended December 31, 2022 results: revenue $95.8 million, net income $14.5 million. Guidance raised.

Period: year ended December 31, 2022
Revenue: $95.8 million
Net income: $14.5 million
Guidance: raised
Result: reported results

Exact text from the filing

Full Year 2022 Financial Highlights • Revenue of $95.8 million, up 26% year-over-year • Recurring revenue of $86.2 million, up 21% year-over-year • Net loss of $14.5 million, a $17.7 million decline from prior year

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Source: SEC EDGAR

accession 0000884144-23-000013

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