Asure Q1 rev $31.7M (-4% YoY); recurring rev up 8% to $30.3M; FY guidance reiterated $125-129M

ASURE SOFTWARE INC

2024-Q1 EPS reported -$0.01 revenue$31,652,000

Revenue $31.7M, down 4% YoY; excluding ERTC up 10% to $30.7M.
Recurring revenue $30.3M, +8% YoY; net loss $0.3M vs prior-year net income $0.3M.
Adjusted EBITDA $6.8M vs $8.2M prior year; non-GAAP gross margin 75%.
FY 2024 revenue guidance $125-129M, Q2 $28-29M; adjusted EBITDA margin 20-21%.
Recent: first Workday client (MLB team) live; launched AI agent via AWS and tax credit service.

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