earnings
confidence high
sentiment neutral
materiality 0.65
Asure Software Q3 2024: Recurring revenue up 20% YoY, net loss $3.9M; guides FY2025 revenue $134M-$138M
ASURE SOFTWARE INC
2024-Q3 EPS reported
-$0.33
revenue$89,000,000
- Revenue $29.3M (unchanged YoY); recurring revenue $28.6M (98% of total) up 20% YoY.
- Net loss $3.9M vs $2.2M loss YoY; adjusted EBITDA $5.4M vs $6.2M YoY.
- New bookings up 141% YoY; backlog >250% above Q3 2023.
- Q4 2024 revenue guidance $30M-$32M; FY2025 revenue guidance $134M-$138M with Adj. EBITDA margin 23%-24%.
- Launched AsurePay banking alternative; AI agent for payroll/HR in beta.