---
schema_version: "secwatch.filing_event.v1"
accession: "0000884144-23-000038"
form_type: "8-K"
ticker: "ASUR"
cik: "0000884144"
company_name: "ASURE SOFTWARE INC"
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T15:16:09.697825+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000884144-23-000038
- form_type: 8-K
- ticker: ASUR
- cik: 0000884144
- company_name: ASURE SOFTWARE INC
- filed_at: 2023-05-08T23:59:59+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/884144/000088414423000038/0000884144-23-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884144/000088414423000038/asur-20230508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000884144-23-000038
- JSON: https://secwatch.observer/filing/0000884144-23-000038.json
- Plain text: https://secwatch.observer/filing/0000884144-23-000038.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/884144/000088414423000038/0000884144-23-000038-index.htm

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