Asure Software Inc
8.20-0.14 (-1.68%)
Oct 28, 4:00:01 PM EDT · NasdaqCM · ASUR · USD
Key Stats
Market Cap
228.72MP/E (TTM)
-Basic EPS (TTM)
-0.57Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Asure Software posted solid revenue growth in Q2 FY2025 ended June 30, 2025, with total revenue up 7% y/y to $30.1M and recurring revenue climbing 6% y/y to $28.6M, while gross profit rose 6% y/y to $19.9M at a steady 66% margin. Operating loss widened slightly to $4.7M from $4.2M y/y, but net loss deepened to $6.1M or $0.22 per diluted share from $4.4M or $0.17, driven by higher interest expense on new debt. Cash from operations turned positive at $5.2M for the half-year, boosting cash to $66M; free cash flow not disclosed in the 10-Q. The company secured a $60M term loan maturing April 2030 at 9.33%, with $11.3M in acquisition notes, and completed four asset buys adding $9.4M in customer intangibles amortized over eight years. Yet debt covenants tightened liquidity needs to $10M minimum.
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.
8-K
Asure acquires Lathem Time
Asure Software snapped up Lathem Time for $39.5 million on July 1, 2025, bolstering its time and attendance lineup. The deal, financed by drawing the final $40 million from its credit facility, triggered an amendment hiking the minimum liquidity threshold to $7.5 million while doubling the final payment fee to 2%. This acquisition expands Asure's offerings yet tightens financial covenants.
8-K
Stockholders approve rights extension
Asure Software's stockholders approved the Fourth Amended Rights Agreement on June 2, 2025, extending its poison pill defense to October 28, 2028, while keeping other terms identical to the prior version. The board unanimously elected seven directors, ratified CBIZ CPAs PC as auditors with 99.79% support, and greenlit adding 2,250,000 shares to the 2018 Incentive Award Plan by 68.58%. Shareholders backed executive pay at 84.40% and triennial say-on-pay votes. This bolsters governance continuity amid takeover protections.
8-K
Asure Q1 revenue up 10%
Asure Software reported Q1 2025 revenue of $34.9 million, up 10% year over year, with recurring revenue climbing 10% to $33.2 million amid strong payroll tax management performance and recent acquisitions. While net loss widened to $2.4 million from $0.3 million, adjusted EBITDA rose to $7.3 million, signaling operational resilience. In April, Asure secured a $60 million credit facility, drawing $20 million to fuel growth. Recurring revenue now exceeds 95% of total, bolstering stability. Yet risks from acquisitions loom large.
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