Passenger traffic increased year-on-year by 1.3% in Puerto Rico, and decreased by 3.0% in Mexico and 3.4% in ColombiaMEXICO CITY, June 5, 2025 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V.  (NYSE: ASR; BMV: ASUR), ASUR, a leading international airport group with operations in Mexico, the U.S. and Colombia, today announced that passenger traffic for May 2025 reached a total of 5.7 million passengers, representing a decrease of 2.2% compared to May 2024.Passenger traffic presented a year-one ...

Core Insights - Asure Software has announced a strategic partnership with PensionBee to enhance retirement savings solutions for employees of Asure's payroll and HR clients [1][2][3] - The collaboration aims to simplify the process of rolling over 401(k) and IRA accounts into a single, manageable retirement savings plan [1][2] - This partnership aligns with Asure's mission to provide big-company benefits to small and mid-sized organizations, promoting financial wellness [2][3] Company Overview - Asure Software (NASDAQ: ASUR) specializes in cloud-based Human Capital Management (HCM) software solutions, offering services such as HR, payroll, and benefits administration [5] - PensionBee (LON: PBEE) is a digital-first retirement provider managing approximately $8 billion in assets and serving over 275,000 customers globally [6] Partnership Details - The partnership allows employees to consolidate their retirement accounts into a streamlined account, enhancing the management and growth of their savings [2][4] - Asure's marketplace partnership with PensionBee is designed to democratize financial wellness, making retirement savings solutions accessible to smaller enterprises [3][4]

Company Participation in Conferences - Asure Software, Inc. is scheduled to participate in several financial conferences in May and June 2025, including the Annual Needham Technology, Media and Consumer Conference on May 13, 2025, and the Annual Craig Hallum Conference on May 28, 2025 [1][2] - Additional conferences include the Stifel Cross Sector Insight Conference on June 3-4, 2025, and the Northland Capital Markets Growth Conference on June 25, 2025, with the latter being a virtual event [2] Company Overview - Asure Software, Inc. (Nasdaq: ASUR) provides cloud-based Human Capital Management (HCM) software solutions designed to assist organizations of all sizes in streamlining their HCM processes [3] - The company's suite of HCM solutions encompasses HR, payroll, time and attendance, benefits administration, payroll tax management, and talent management [3] - Asure's approach to HR compliance services integrates AI technology to enhance scalability and efficiency while prioritizing client interactions [3]

Core Insights - Grupo Aeroportuario del Sureste (ASUR) reported a total passenger traffic of 6.0 million in April 2025, marking a year-over-year increase of 3.8% compared to April 2024 [1][2] Passenger Traffic Summary - Passenger traffic increased by 13.5% in Puerto Rico, 4.8% in Colombia, and 0.5% in Mexico [2][4] - In Puerto Rico, international traffic surged by 29.6% and domestic traffic rose by 11.6% [2][5] - Colombia experienced a 15.6% increase in international traffic and a 2.0% increase in domestic traffic [2][5] - Mexico saw a 3.3% decrease in international traffic, which was partially offset by a 5.1% increase in domestic traffic [2][5] Detailed Traffic Data - For April 2025, Mexico's total passenger traffic was 3,511,745, a slight increase of 0.5% from 3,495,197 in April 2024 [4][5] - Domestic traffic in Mexico reached 1,653,649, up 5.1% from the previous year, while international traffic decreased to 1,858,096, down 3.3% [4][5] - San Juan, Puerto Rico, recorded 1,174,568 passengers, reflecting a 13.5% increase from 1,034,830 in April 2024 [5] - Colombia's total passenger traffic was 1,340,348, an increase of 4.8% from 1,278,688 in April 2024 [5] Year-to-Date Performance - Year-to-date figures for total traffic show a slight increase of 1.0% from 24,371,251 in 2024 to 24,626,734 in 2025 [4] - Domestic traffic year-to-date increased by 4.1%, while international traffic saw a decrease of 3.1% [4] Company Overview - ASUR operates 16 airports across the Americas, including nine in southeast Mexico and six in northern Colombia [6] - The company is a significant player in the airport sector, particularly with its operations at Cancun Airport, a major tourist destination [6] - ASUR is also involved in a joint venture for the operation of Luis Muñoz Marín International Airport in San Juan, Puerto Rico [6]

Company Performance - Asure Software Inc (ASUR) reported quarterly earnings of $0.19 per share, exceeding the Zacks Consensus Estimate of $0.18 per share, but down from $0.21 per share a year ago, representing an earnings surprise of 5.56% [1] - The company posted revenues of $34.85 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.67% and up from $31.65 million year-over-year [2] - Over the last four quarters, Asure Software has surpassed consensus EPS estimates just once and topped consensus revenue estimates only once [2] Stock Performance - Asure Software shares have increased approximately 8% since the beginning of the year, contrasting with the S&P 500's decline of 5.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.15 on revenues of $31.41 million, and for the current fiscal year, it is $0.89 on revenues of $135.09 million [7] Industry Outlook - The Internet - Delivery Services industry, to which Asure Software belongs, is currently ranked in the bottom 18% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Asure Software's stock performance [5]

Financial Data and Key Metrics Changes - First quarter revenues were $34,900,000, an increase of 10% compared to the prior year [5][13] - Recurring revenues grew 10% to $33,200,000, representing 95% of total revenue [13][29] - Gross profit increased by 9% to $24,600,000, with gross margins consistent at 71% [15][16] - Net loss for the first quarter was $2,400,000 compared to a net loss of $308,000 in the prior period [16] - Adjusted EBITDA increased to $7,300,000 from $6,800,000 in the prior year, with an adjusted EBITDA margin of 21% [16] Business Line Data and Key Metrics Changes - Strong performance from payroll tax management products and contributions from payroll benefits and marketplace offerings [6][29] - HR compliance remains depressed due to the wind down of the ERTC program, but expected to improve in the second half of 2025 [15][29] - Assure Pay is witnessing positive trends, with over 70% of active card users utilizing it more than three times per month [9][29] Market Data and Key Metrics Changes - Contracted revenue backlog increased by 339% year over year to $82,000,000 [11][29] - The company has modeled conservatively for employment growth and potential interest rate cuts [27] Company Strategy and Development Direction - The company is focused on a multi-pronged growth strategy, including organic and inorganic methods [10][19] - Plans to continue expanding product offerings and cross-selling opportunities to existing clients [10][25] - A new $60,000,000 credit facility was finalized to support acquisitions and growth initiatives [18][72] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's resilience despite macroeconomic uncertainties [27][46] - The company anticipates accelerated revenue growth in the second half of 2025, driven by improved attach rates and backlog [20][88] - Management believes the worst is over regarding HR compliance issues related to ERTC, with expectations for recovery in the second half of the year [40][42] Other Important Information - The company has made 16 acquisitions over the past eighteen months, primarily focused on customer acquisition [19] - The introduction of new benefit solutions, including a 401(k) solution, is contributing positively to revenue growth [17] Q&A Session Summary Question: What are you seeing in terms of productivity with dedicated sales teams? - Management highlighted that attach rates have improved, and dedicated sales specialists are expected to drive further growth [34][35] Question: How is HR compliance performing with ERTC and HR compliance bundles? - Management noted that retention rates had declined but are expected to improve in the second half of 2025 as the cohort stabilizes [39][42] Question: Any impact from tariffs on pipeline and economic uncertainty? - Management indicated that while there are some crosswinds, the small business segment remains active and pipeline metrics are positive [46][48] Question: Can you elaborate on the investments and product roadmap? - Management discussed recent acquisitions and the development of new products, emphasizing a focus on cross-selling and operational efficiency [55][60] Question: What is the outlook for acquisitions with the new credit facility? - Management confirmed two acquisitions in the first quarter and expects an increase in acquisition activity in the second half of the year [70][72] Question: How should we think about tax deals ramping into revenue? - Management indicated that contracted backlog is a key indicator, with expectations for larger deals in the second half of the year [75][76] Question: Can you provide updates on the Canada tax product and competition? - Management reported a strong early pipeline for the Canadian tax product and noted that interest levels are high in the competitive environment [99][101]

Financial Data and Key Metrics Changes - The company's first quarter revenues were $34.9 million, reflecting a 10% increase compared to the prior year [5][13] - Recurring revenues grew 10% year-over-year to $33.2 million, representing 95% of total revenue [13][30] - Gross profit increased by 9% to $24.6 million, with gross margins remaining consistent at 71% [14] - The net loss for the first quarter was $2.4 million, compared to a net loss of $308,000 in the prior year [15] - Adjusted EBITDA for the first quarter increased to $7.3 million from $6.8 million in the prior year, with an adjusted EBITDA margin of 21% [16] Business Line Data and Key Metrics Changes - Strong performance was noted in payroll tax management, payroll benefits, and marketplace offerings [5][30] - The payroll tax management product has seen continued momentum, with new capabilities launched for large Canadian companies [7][8] - The company reported a 45% increase in new bookings compared to the prior year, with a contracted revenue backlog up 339% year-over-year to $82 million [11][30] Market Data and Key Metrics Changes - The company has a well-diversified U.S. client base, with revenues being more than 95% recurring [29] - The HR compliance segment remains depressed due to the wind down of the ERTC program, but better performance is expected in the second half of 2025 [14][30] Company Strategy and Development Direction - The company is focused on a multi-pronged growth strategy that includes organic growth, enhanced organic growth, and inorganic methods through acquisitions [9][10] - A new $60 million credit facility was finalized to support customer acquisition and drive inorganic growth [18][72] - The company aims to achieve revenues of $180 million to $200 million in the medium term, with adjusted EBITDA margins of 30% or more [26][91] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's ability to grow, citing a robust pipeline of opportunities and positive trends in product launches [23][30] - The company anticipates accelerated revenue growth in the second half of 2025, driven by improved attach rates and cross-selling efforts [87] - Management noted that the worst is over regarding the HR compliance segment, with expectations for a strong second half of the year [41][42] Other Important Information - The company has made 16 acquisitions over the past 18 months, primarily focused on customer acquisition and expanding the product suite [19] - The company is leveraging artificial intelligence to enhance customer interactions and product development [27] Q&A Session Summary Question: What are you seeing in terms of productivity with dedicated sales teams? - Management highlighted that attach rates have improved, with a notable example of a client increasing their spend significantly after adopting multiple products [35][36] Question: How much progress have you made on maintaining HR compliance with customers? - Management indicated that retention rates had declined due to the ERTC program but expect to see improvement in the second half of 2025 as the cohort stabilizes [40][41] Question: Any slowdown in pipeline based on economic uncertainty? - Management reported that while sales cycles may have lengthened slightly, the pipeline remains strong, and small businesses are active [48][50] Question: Can you discuss your investments and product roadmap? - Management confirmed ongoing investments in technology and product development, with a focus on enhancing the product suite and cross-selling opportunities [56][61] Question: How should we think about acquisitions with the new credit facility? - Management confirmed two acquisitions in the first quarter and expects an increased cadence in the second half of the year, supported by the new credit facility [70][72] Question: What are the primary drivers for accelerated revenue growth in the back half of the year? - Management cited improved attach rates, a growing contracted backlog, and the ramp-up of enterprise deals as key drivers for expected growth [85][87]

Payroll & HR Solutions Investor Presentation May 2025 : ASUR 1 This presentation contains certain statements made by management that may constitute "forward- looking" statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements about our financial results may include expected or projected U.S GAAP and other operating and non-operating results. The words "believe," "may," "will," "estimate," "projects," "anticipate, ...

Revenue and Profit - Revenue for the three months ended March 31, 2025, was $34,854, an increase of $3,202, or 10%, from $31,652 for the same period in 2024[90] - Recurring revenue for the three months ended March 31, 2025, was $33,187, an increase of $2,914, or 10%, from $30,273 for the same period in 2024[94] - Gross profit for the three months ended March 31, 2025, was $24,608, an increase of $2,001, or 9%, from $22,607 for the same period in 2024, with a consistent gross margin of 71%[97] - Recurring revenue consistently represented over 95% of total revenue for the three months ended March 31, 2025, and 2024[89] Expenses - Sales and marketing expenses for the three months ended March 31, 2025, were $8,386, an increase of $619, or 8%, from $7,767 for the same period in 2024, with a decrease in sales and marketing expenses as a percentage of revenue to 24%[100] - General and administrative expenses for the three months ended March 31, 2025, were $11,900, an increase of $1,837, or 18%, from $10,063 for the same period in 2024, with an increase in expenses as a percentage of revenue to 34%[103] - Total operating expenses as a percentage of revenue increased to 76% for the three months ended March 31, 2025, from 73% for the same period in 2024[88] - R&D expenses for Q1 2025 were $2,029 million, a 15% increase from $1,769 million in Q1 2024, maintaining 6% of revenue[105] - Amortization expense for Q1 2025 was $4,308 million, a 25% increase from $3,449 million in Q1 2024, rising to 12% of revenue[106] Net Loss and Cash Flow - Net loss for Q1 2025 was $2,398 million, or $0.09 per share, compared to a loss of $308 million, or $0.01 per share, in Q1 2024, representing 7% of total revenue[110] - Net cash provided by operating activities was $1,996 million for Q1 2025, driven by non-cash adjustments of approximately $8,277 million[114] - Net cash used in investing activities was $12,630 million for Q1 2025, primarily due to purchases of available-for-sale securities and intangible assets[115] - Net cash provided by financing activities was $63,925 million for Q1 2025, mainly from a net increase in client fund obligations[116] Working Capital and Liquidity - Working capital decreased to $9,000 million as of March 31, 2025, down from $13,641 million at December 31, 2024[113] - As of March 31, 2025, the company had $14,076 million in cash and cash equivalents, with additional liquidity sources from a Loan Agreement allowing up to $60,000 million[124] - The company expects to maintain sufficient liquidity for operations over the next twelve months but may need to raise additional capital for growth and acquisitions[125] Client Base and Investments - The company serves over 100,000 clients across the United States, with approximately 20% being direct clients[87] - The company continues to invest in research and development to expand its solutions and explore acquisition opportunities for additional products or technologies[96] Other Revenue - Professional services, hardware, and other revenue increased by $288, or 21%, for the three months ended March 31, 2025, primarily due to an increase in professional services[95] Interest Income and Expense - Interest income decreased to $171 million in Q1 2025 from $336 million in Q1 2024, while interest expense increased to $451 million from $180 million[107]

Financial Performance - Total revenues for Q1 2025 were $34.9 million, representing a 10% increase year over year[1][6] - Recurring revenues reached $33.2 million, up from $30.3 million in the prior year first quarter[6] - The net loss for Q1 2025 was $2.4 million, compared to a net loss of $0.3 million in the prior year[6] - Adjusted EBITDA for Q1 2025 was $7.3 million, an increase from $6.8 million in the prior year[6] - Gross profit for Q1 2025 was $24.6 million, up from $22.6 million in the prior year[6] - Total revenue for Q1 2025 was $34.854 million, a 10.9% increase from $31.652 million in Q1 2024[35] - Recurring revenue reached $33.187 million, up 9.5% from $30.273 million year-over-year[35] - Gross profit for the quarter was $24.608 million, compared to $22.607 million in the same period last year, reflecting a gross margin improvement[35] - Net loss for Q1 2025 was $2.398 million, significantly higher than the net loss of $0.308 million in Q1 2024[35] - Revenue for Q1-25 reached $34,854,000, an increase of 13.4% compared to Q4-24's $30,792,000[45] - Gross profit for Q1-25 was $24,608,000, resulting in a gross margin of 70.6%, up from 68.0% in Q4-24[45] - Non-GAAP gross profit for Q1-25 was $26,267,000, with a non-GAAP gross margin of 75.4%, compared to 73.2% in Q4-24[45] - GAAP net loss for Q1-25 was $2,398,000, an improvement from a net loss of $3,204,000 in Q4-24[45] - Adjusted EBITDA for Q1-25 was $7,316,000, reflecting an adjusted EBITDA margin of 21.0%[45] - The EBITDA margin for Q1-25 was 11.9%, an increase from 11.2% in Q4-24[45] Cash Flow and Assets - Cash and cash equivalents decreased to $14.076 million from $21.425 million at the end of Q4 2024[33] - Total assets increased to $498.941 million, up from $436.638 million at the end of Q4 2024[33] - Total liabilities rose to $301.278 million, compared to $239.323 million at the end of Q4 2024[33] - The company reported a net cash provided by operating activities of $1.996 million, a recovery from a cash outflow of $3.947 million in Q1 2024[37] - Cash flows from financing activities were significantly positive at $63.925 million, compared to $21.062 million in Q1 2024[37] Revenue Guidance and Backlog - Guidance for Q2 2025 revenue is projected between $30.0 million and $32.0 million, and for FY 2025 between $134.0 million and $138.0 million[7][8] - The contracted revenue backlog is at an all-time high, with over 95% of revenues being recurring[5] Expenses and Investments - Sales and marketing expenses for Q1-25 totaled $8,386,000, up from $6,945,000 in Q4-24[45] - Research and development expenses for Q1-25 were $2,029,000, slightly down from $2,103,000 in Q4-24[45] - The company reported a significant increase in acquisition and transaction costs, totaling $779,000 in Q1-25 compared to $665,000 in Q4-24[45] New Initiatives - The company launched a new Payroll Tax Management solution aimed at large Canadian companies and global enterprises[6] Share Information - The weighted average basic and diluted shares outstanding increased to 26.961 million from 25.334 million year-over-year[35] Seasonal Trends - The company noted that first quarters are seasonally strong due to the recognition of recurring year-end W2/ACA revenue[45]