8-K
filed February 26, 2024, 6:59 PM ET
ticker ASUR
CIK 0000884144
earnings
confidence high
sentiment positive
materiality 0.70
Asure reports FY2023 revenue $119.1M (+24% YoY); net loss improves to $9.2M; guides FY2024 revenue $125-129M
ASURE SOFTWARE INC
2023-FY EPS reported
-$0.42
revenue$119,082,000
- Full year revenue $119.1M, up 24% YoY; recurring revenue $99.7M, up 16%.
- Net loss $9.2M vs $14.5M prior year; Adjusted EBITDA $23.3M, up 97%.
- Q4 revenue $26.3M, down 10% YoY; recurring revenue $25.0M, up 3% (ex-ERTC up 15% both).
- FY2024 revenue guidance $125M-$129M; Q1 guidance $30M-$32M; Adjusted EBITDA margin 20-21%.
- Strategic partnerships: Workday Global Payroll Certification, SAP PartnerEdge, new 401k bundled with Secure Act 2.0.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
ASURE SOFTWARE INC reported fourth quarter ended December 31, 2023 results: revenue $26.3 million, net income Net loss of $3.6 million. Guidance reaffirmed.
- Period
- fourth quarter ended December 31, 2023
- Revenue
- $26.3 million
- Net income
- Net loss of $3.6 million
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
Management (“HCM”) software solutions, today reported results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights • Revenue of $26.3 million, down 10% year over year, excluding ERTC revenue up 15% from prior year • Recurring revenue of $25.0 million, up 3% year over year, excluding ERTC recurring revenue up 15% from
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
ASURE SOFTWARE INC reported full year ended December 31, 2023 results: revenue $119.1 million, net income Net loss of $9.2 million. Guidance reaffirmed.
- Period
- full year ended December 31, 2023
- Revenue
- $119.1 million
- Net income
- Net loss of $9.2 million
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
Asure Announces Fourth Quarter and Full Year 2023 Results Reports Full Year Revenues of $119.1 million up 24% from Prior Year Net loss of $9.2 million, an improvement of $5.3 million versus prior year loss of $14.5 million Adjusted EBITDA (1) of $23.3 million up 97% year over year Management Reiterates 2024 Revenue Guidance of $125.0 million-$129.0 million
View on SEC.gov
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