secwatch.observer — SEC 8-K summary
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Issuer:     ASURE SOFTWARE INC (ASUR)
CIK:        0000884144
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000884144-24-000040
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884144/000088414424000040/0000884144-24-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884144/000088414424000040/asur-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000884144-24-000040

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