secwatch.observer — SEC 8-K summary
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Issuer:     ASURE SOFTWARE INC (ASUR)
CIK:        0000884144
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0000884144-23-000038
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884144/000088414423000038/0000884144-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884144/000088414423000038/asur-20230508.htm
  HTML page:      https://secwatch.observer/filing/0000884144-23-000038

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