ASUR
Asure Software, Inc.8.99
+0.12+1.35%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Sales ramp, cross-sell details emerge.
Q&A reinforced prepared optimism on organic acceleration via Asure Central but layered in sales details: 118 reps ramping to 150, mix shifting from 65-70% new logos to 35% new/65% expansions targeting four products per client. Double-digit organic implied for 2026; Asure Central adoption nears full by H1, including Latham cohort in April. M&A stays opportunistic amid resetting private valuations. Analysts quizzed nonrecurring cadence (low-90s recurring), AI savings (early days), pipeline (120% YoY)—management answered directly, no hedges. Attach rates trend up. Sales execution matters for the thesis.
Key Stats
Market Cap
249.60MP/E (TTM)
-Basic EPS (TTM)
-0.63Dividend Yield
0%Recent Filings
10-K
FY2025 results
Asure Software drove FY2025 revenue to $140.5M, up 17% y/y, with recurring revenue climbing 11% to $127.3M on time & attendance and payroll tax gains; professional services/hardware/other surged 149% to $13.3M, yet gross margins slipped to 68% from 69% due to lower-margin hardware mix. Q4 momentum accelerated via the July Lathem acquisition, adding $9.3M revenue ($5.4M recurring) and boosting timekeeping scale, while operating cash flow doubled to $22.2M. Debt stands at $70.8M including $60M MidCap term loan (9.25%, 2030 maturity); no dividends or buybacks. No annual guidance disclosed. Client funds in trust expose liquidity to market/credit risks.
8-K
Q4 revenues up 28%
Asure Software crushed Q4 2025 with revenues up 28% to $39.3 million and swung to $0.8 million net income from a $3.2 million loss. Adjusted EBITDA soared 82% to $11.4 million, fueled by Asure Central upgrades and 10% more multi-product payroll customers. Full-year revenue hit $140.5 million, up 17%. Guides Q1 revenue $41-43 million, full-year $159-162 million.
10-Q
Q3 FY2025 results
Asure Software cranked Q3 revenue to $36.3M, up 24% y/y from $29.3M, with recurring revenue climbing 11% to $31.8M on time and attendance strength; gross margin slipped to 64% from 67% amid hardware growth. Operating loss narrowed slightly to $3.5M while net loss widened to $5.4M or $(0.19)/share from $3.9M or $(0.15)/share, driven by higher interest expense. Acquisitions fueled goodwill to $115.8M and intangibles to $92.2M, including Lathem closed July 1, 2025 for $39.5M (mostly cash), adding $21.0M goodwill; debt stands at $70.4M net ($60M MidCap at 9.66% due 2030, compliant on covenants) with $21.5M cash. Ops cash flow turned positive YTD at $10.9M. Debt covenants bind flexibility.
8-K
Q3 revenue up 24%
Asure Software crushed Q3 with revenues leaping 24% to $36.3 million, recurring revenue up 11% to $31.8 million, and Adjusted EBITDA doubling to $8.1 million—yet net loss widened to $5.4 million. They launched Asure Central™, unifying HCM tools for faster innovation and cost cuts. Guidance targets Q4 revenue at $38-40M, FY2025 $139-141M, FY2026 $158-162M. Acquisitions fueled growth.
8-K
Asure Q2 revenue up 7%
Asure Software reported Q2 2025 revenue of $30.1 million, up 7% year-over-year, with recurring revenue rising 6% to $28.6 million, though net loss widened to $6.1 million from $4.4 million. Adjusted EBITDA climbed to $5.2 million, signaling operational resilience. On July 1, 2025, the company acquired Lathem Time for $39.5 million, bolstering its time and attendance offerings with complementary recurring revenue streams. This acquisition positions Asure for accelerated cross-selling. Full-year revenue guidance now spans $138.0 million to $142.0 million. Integration risks loom large.
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