secwatch.observer — SEC 8-K summary
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Issuer:     ASURE SOFTWARE INC (ASUR)
CIK:        0000884144
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0000884144-23-000046
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884144/000088414423000046/0000884144-23-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884144/000088414423000046/asur-20230807.htm
  HTML page:      https://secwatch.observer/filing/0000884144-23-000046

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