secwatch.observer — SEC 8-K summary
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Issuer:     ASURE SOFTWARE INC (ASUR)
CIK:        0000884144
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000884144-24-000062
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Asure Software Q3 2024: Recurring revenue up 20% YoY, net loss $3.9M; guides FY2025 revenue $134M-$138M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884144/000088414424000062/0000884144-24-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884144/000088414424000062/asur-20241031.htm
  HTML page:      https://secwatch.observer/filing/0000884144-24-000062

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