Asure Q2 revenue down 8% to $28M; recurring revenue up 18% YoY

ASURE SOFTWARE INC

2024-Q2 EPS reported -$0.18 revenue$59,696,000

Revenue $28M (-8% YoY) on $6.5M ERTC decline; ex-ERTC revenue $27.5M (+18%).
Net loss $4.4M vs $3.8M loss prior; Adjusted EBITDA $4.1M vs $6.1M.
Acquired applicant tracking system tech; partnered with Vensure and MyHRScreens.
Q3 revenue guidance $30-33M; FY2024 updated to $123-129M.
Payroll Tax Management platform deal with Vensure's PrismHR clients.

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