Asure Q1 revenue $33.1M (+36% YoY); raises FY2023 revenue guidance to $111-113M

ASURE SOFTWARE INC

2023-Q1 EPS reported $0.02 revenue$33,064,000

Q1 revenue $33.1M (up 36% YoY); net income $0.3M vs net loss of $3.1M in Q1 2022.
Recurring revenue $28.0M, up 22% YoY; gross profit $24.4M, up 58%.
EBITDA $6.8M (up $4.3M); adjusted EBITDA $8.2M (up $4.8M).
FY2023 revenue guidance raised to $111M-$113M (from $105M-$107M); adj EBITDA margin 17%-18% (from 15%-17%).
Q2 2023 guidance: revenue $25M-$26M, adjusted EBITDA $2.5M-$3.5M.

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 0.9

ASURE SOFTWARE INC reported the first quarter ended March 31, 2023 results: revenue $33.1 million, net income $0.3 million. Guidance raised.

Period: the first quarter ended March 31, 2023
Revenue: $33.1 million
Net income: $0.3 million
Guidance: raised
Result: reported results

Exact text from the filing

First Quarter 2023 Financial Highlights • Revenue of $33.1 million, up 36% from prior-year’s first quarter • Recurring revenue of $28.0 million, up 22% from prior-year’s first quarter • Net income of $0.3 million, a $3.4 million improvement from prior-year’s first quarter

View on SEC.gov

Browse all earnings releases →

ASURE SOFTWARE INC filing history →

Source: SEC EDGAR

accession 0000884144-23-000038

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.