secwatch.observer — SEC 8-K summary
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Issuer:     ASURE SOFTWARE INC (ASUR)
CIK:        0000884144
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0000884144-24-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Asure reports FY2023 revenue $119.1M (+24% YoY); net loss improves to $9.2M; guides FY2024 revenue $125-129M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884144/000088414424000021/0000884144-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884144/000088414424000021/asur-20240226.htm
  HTML page:      https://secwatch.observer/filing/0000884144-24-000021

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