Asure Q2 revenue $30.4M (+50% YoY); raises FY 2023 guidance to $118-120M

ASURE SOFTWARE INC

2023-Q2 EPS reported -$0.17 revenue$63,484,000

Revenue $30.4M, up 50% YoY; recurring revenue $23.0M, up 21% YoY.
Net loss narrowed $2.1M to $3.8M; Adjusted EBITDA $6.1M vs $0.6M a year ago.
FY 2023 revenue guidance raised to $118M-$120M (prior $111M-$113M); Adj. EBITDA margin guidance raised to 19%-20%.
Q3 2023 guidance: revenue $26M-$27M, Adj. EBITDA $3.5M-$4.5M.
Announced 401k product with Vestwell, AWS partnership, and addition to Russell 3000.

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 0.88

ASURE SOFTWARE INC reported first half of 2023 results: revenue $63.5 million, net income Net loss of $3.4 million. Guidance raised.

Period: first half of 2023
Revenue: $63.5 million
Net income: Net loss of $3.4 million
Guidance: raised
Result: reported results

Exact text from the filing

First Half 2023 Financial Highlights • Revenue of $63.5 million, up 42% from prior-year first half • Recurring revenue of $50.9 million, up 21% from prior-year first half • Net loss of $3.4 million, a $5.5 million improvement from prior-year first half

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Earnings Releases SEC 8-K Item 2.02 confidence 0.92

ASURE SOFTWARE INC reported second quarter ended June 30, 2023 results: revenue $30.4 million, net income Net loss of $3.8 million. Guidance raised.

Period: second quarter ended June 30, 2023
Revenue: $30.4 million
Net income: Net loss of $3.8 million
Guidance: raised
Result: reported results

Exact text from the filing

Asure Announces Second Quarter 2023 Results Reports Second Quarter Revenues of $30.4 Million, Up 50% from Prior Year Raises 2023 Financial Targets and Guidance

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Source: SEC EDGAR

accession 0000884144-23-000046

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