earnings
confidence high
sentiment positive
materiality 0.75
Asure corrects FY2024 revenue guidance to $125M-$129M; Q3 rev $29.3M (+34% YoY)
ASURE SOFTWARE INC
2023-Q3 EPS reported
-$0.27
revenue$92,818,000
- FY2024 revenue guidance corrected to $125M-$129M (previously $125M-$127M); adj. EBITDA margin 20%-21%.
- Q3 2023 revenue $29.3M, up 34% YoY; recurring revenue $23.8M, up 19% YoY.
- Net loss $2.2M, improved $2.3M YoY; adjusted EBITDA $6.2M, up $4.4M YoY.
- Completed equity offering of ~3.83M shares; net proceeds ~$43M; paid off ~$30.9M debt.
- Q4 2023 guidance: revenue $25M-$27M; adjusted EBITDA $2M-$3M.