Exhibit 99.1 Asure Announces First Quarter 2024 Results Reports First Quarter Revenues of $31.7 Million Management Reiterates 2024 Revenue Guidance of $125.0 Million - $129.0 Million AUSTIN, TX – May 2, 2024 – Asure Software, Inc. ("we", "us", "our", "Asure" or the "Company") (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management ("HCM") software solutions, today reported results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Recent Business Highlight ...

Revenue Performance - For the three months ended March 31, 2024, total revenue was $31,652, a decrease of $1,412, or 4%, compared to $33,064 for the same period in 2023[94]. - Recurring revenue for the same period was $30,273, an increase of $2,317, or 8%, from $27,956 in the prior year, primarily driven by increased HR compliance revenue and interest earned on client-held funds[99]. - Professional services, hardware, and other revenue decreased by $3,729, or 73%, to $1,379, primarily due to a decline in non-recurring Employee Retention Tax Credits (ERTC) revenue[100]. - Recurring revenue represented over 95% of total revenue for the three months ended March 31, 2024, compared to 84% for the same period in 2023[93]. Profitability and Expenses - Gross profit margin for the three months ended March 31, 2024, was 71%, down from 74% in the same period of 2023[92]. - Total operating expenses as a percentage of revenue increased to 73% for the three months ended March 31, 2024, compared to 68% in the prior year[92]. - Consolidated gross profit for Q1 2024 was $22,607, a decrease of $1,793, or 7%, from $24,400 in Q1 2023, with gross margin declining to 71% from 74%[102]. - Sales and marketing expenses increased by $567, or 8%, to $7,767 in Q1 2024, representing 25% of revenue compared to 22% in Q1 2023[103]. - General and administrative expenses rose by $107, or 1%, to $10,063 in Q1 2024, accounting for 32% of revenue, up from 30% in Q1 2023[105]. - Research and development expenses decreased by $210, or 11%, to $1,769 in Q1 2024, maintaining 6% of revenue[106]. - Amortization expense increased by $147, or 4%, to $3,449 in Q1 2024, with amortization as a percentage of revenue rising to 11% from 10%[110]. Financial Position - The company incurred a net loss of $308, or $0.01 per share, in Q1 2024, compared to a net income of $339, or $0.02 per share, in Q1 2023[114]. - Working capital decreased by $1,840 to $24,040 as of March 31, 2024, including $3,547 of short-term deferred revenue[114]. - Net cash used in operating activities was $3,947 in Q1 2024, compared to net cash provided of $4,588 in Q1 2023[115]. Strategic Initiatives - The company acquired assets from a payroll processing and benefits brokerage servicer for $6,000 on February 22, 2024, and from another reseller partner for $3,000 on April 30, 2024[90][91]. - The company continues to focus on expanding its client base, particularly in less densely populated U.S. metropolitan areas[89]. - The company anticipates that revenue will continue to exhibit seasonal patterns related to ACA form filings, with higher revenues typically in the first and fourth quarters[97]. - The company is investing in research and development to enhance its HCM solutions and reduce administrative burdens for employers[89]. - The company plans to enhance products using RPA and AI, aiming for broader market opportunities and improved integration across solutions[107]. Interest and Financing - Interest income for Q1 2024 was $336, down from $349 in Q1 2023, while interest expense significantly decreased to $180 from $2,293[111].

Core Insights - Asure has formed a strategic partnership with HRlogics to enhance access to tax credits and hiring incentives for its clients, particularly small to midsize businesses [1][2] - The partnership aims to help clients navigate over 3,000 state and federal tax credits, which are often underutilized, thereby improving their financial health and growth potential [1][2] - The Work Opportunity Tax Credit (WOTC) is highlighted as a key incentive to encourage hiring from underrepresented groups [2] Company Overview - Asure specializes in cloud-based Human Capital Management (HCM) software solutions, offering services such as HR, payroll, time and attendance, benefits administration, and payroll tax management [4] - HRlogics focuses on maximizing profitability for businesses through federal, state, and local tax credits and incentives, having facilitated over $3 billion in tax savings [5] Market Impact - The partnership is positioned as a significant advancement for small and midsize businesses, enabling them to reinvest in growth, create job opportunities, and contribute to economic development [3] - The collaboration is particularly relevant in the context of rising interest rates and tight lending standards, which pose challenges for capital access [1]

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damircudicAsure Software (NASDAQ:ASUR), founded in 1985 as Forgent Networks and headquartered in Texas, provides Human Capital Management (HCM) solutions like payroll, HR software, and benefits administration primarily to small and mid-sized businesses. They offer both software and outsourced services, catering to various client needs. I have covered ASUR twice before and made two buy recommendations for the stock in 2021 and 2023. Though my call in 2021 was proven right with over 50% return since publi ...

Asure Software Inc (ASUR) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this company would post earnings of $0.06 per share when it actually produced earnings of $0.13, delivering a surprise of 116.67%.Over the last four quarters, the comp ...

Asure Software, Inc. (NASDAQ:ASUR) Q4 2023 Earnings Conference Call February 26, 2024 4:30 PM ET Company Participants Patrick McKillop - Vice President, Investor Relations Pat Goepel - Chairman & Chief Executive Officer John Pence - Chief Financial Officer Conference Call Participants Joshua Reilly - Needham & Company Jared Levine - TD Cowen Eric Martinuzzi - Lake Street Capital Richard Baldry - ROTH Capital Partners Jeff Van Rhee - Craig-Hallum Vincent Colicchio - Barrington Research Greg Gibas - Northland ...

Payroll & HR Solutions that help Businesses Grow Investor Presentation February 2024 (Under the Private Securities Litigation Reform Act of 1995) Safe Harbor Statement Forward Looking Statements 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 a ...

分组1 - Asure Software Inc reported quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.06 per share, and down from $0.17 per share a year ago, representing an earnings surprise of -50% [1] - The company posted revenues of $26.26 million for the quarter, missing the Zacks Consensus Estimate by 0.71%, and down from $29.29 million year-over-year [1] - Over the last four quarters, Asure Software has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [1] 分组2 - The stock has added about 4.5% since the beginning of the year, compared to the S&P 500's gain of 6.7% [2] - The current consensus EPS estimate for the coming quarter is $0.23 on revenues of $32.42 million, and for the current fiscal year, it is $0.66 on revenues of $119.6 million [4] - The Internet - Delivery Services industry, to which Asure Software belongs, is currently in the top 41% of Zacks industries, indicating a favorable outlook compared to the bottom 50% [5]

Financial Performance - Asure Software reported a comprehensive loss for the year ended December 31, 2023, amounting to $10 million, compared to a loss of $8 million in 2022, indicating a 25% increase in losses year-over-year [225]. - The company generated revenue of $50 million in 2023, reflecting a 15% increase from $43.5 million in 2022, driven by growth in tax processing services and HCM solutions [225]. - Total revenue for Q4 2023 reached $119,082 million, a 24.2% increase from $95,828 million in Q4 2022 [232]. - Recurring revenue was $99,734 million, up from $86,222 million, reflecting a growth of 15.5% year-over-year [232]. - Gross profit for the quarter was $85,537 million, compared to $62,510 million in the same quarter last year, marking a 37.0% increase [232]. - The net loss for Q4 2023 was $9,214 million, an improvement from a net loss of $14,466 million in Q4 2022 [232]. - Net loss for the year ended December 31, 2023, was $9,214 thousand, an improvement from a net loss of $14,466 thousand in 2022, representing a 36.5% reduction [238]. - Basic and diluted loss per share improved to $(0.42) from $(0.72) year-over-year [232]. Client and Market Growth - Asure Software's client retention rate improved to 85% in 2023, up from 80% in 2022, highlighting enhanced customer satisfaction and service delivery [225]. - The company anticipates revenue growth of 10-15% for the fiscal year 2024, supported by new product launches and market expansion strategies [225]. - The company plans to expand its market presence by entering two new states in 2024, which is expected to contribute an additional $2 million in revenue [225]. - The company aims to expand its cloud-based Human Capital Management (HCM) solutions targeting small and medium-sized businesses (SMBs) in less densely populated U.S. metropolitan areas [243]. Investment and Research - Asure Software is investing $5 million in research and development for new features in its HCM platform, aiming to enhance user experience and compliance with evolving regulations [225]. - The company plans to continue investing in research and development to enhance its product offerings and improve operational efficiency [244]. - The company capitalized $7,027 thousand in software development costs in 2023, up from $4,228 thousand in 2022, indicating a 66% increase in investment in software development [294]. Financial Position and Assets - Total assets increased to $443,868 million as of December 31, 2023, compared to $419,908 million a year earlier [231]. - Total liabilities decreased to $252,213 million from $274,842 million, indicating a reduction in overall debt [231]. - Stockholders' equity rose to $191,655 million, up from $145,066 million, reflecting a strong capital position [231]. - The company held $219,075 million in funds for clients, an increase from $203,588 million in the previous year [231]. - Total cash, cash equivalents, restricted cash, and restricted cash equivalents at the end of 2023 amounted to $177,622 thousand, up from $164,042 thousand at the end of 2022, indicating an 8.5% increase [240]. Expenses and Liabilities - Operating expenses totaled $88,536 million, an increase from $73,817 million, primarily driven by higher sales and marketing costs [232]. - Payments of notes payable surged to $35,627 thousand in 2023 from $1,688 thousand in 2022, reflecting a substantial increase of 2015.5% [238]. - The company recorded advertising expenses of $1.792 million for the year ended December 31, 2023, compared to $1.057 million for the previous year, reflecting a year-over-year increase of approximately 69.5% [271]. - The company reported accumulated depreciation and amortization expenses of $5,094 thousand for the year ended December 31, 2023, compared to $4,044 thousand in 2022, reflecting a 26% increase [293]. Acquisitions and Strategic Moves - The company has identified potential acquisition targets that could enhance its service offerings and market share, with a focus on integration capabilities [225]. - The company acquired certain assets of a Reseller Partner for a total purchase price of $8.391 million, consisting of $6.891 million in cash and a promissory note of $1.500 million [277]. - On February 22, 2024, the company closed a strategic acquisition for certain assets of a payroll processing and benefits brokerage servicer for a total consideration of $6,000 million [354]. Tax and Regulatory Matters - As of December 31, 2023, the company had federal net operating loss carryforwards of $49,240 million and research and development credit carryforwards of $4,180 million [345]. - The valuation allowance against net deferred tax assets increased by $3,281 million during the year ended December 31, 2023, primarily due to operations [346]. - The company recognized $649 million of unrecognized tax benefits as of December 31, 2023, with $28 million potentially affecting the effective tax rate if recognized [349]. Stock and Compensation - Total compensation expense for stock-based awards was $5,430 in 2023, up from $3,179 in 2022, representing a 71% increase [329]. - The company completed a firm commitment offering of 3,333 shares at a public offering price of $12.00 per share, realizing net proceeds of $37,395 [323]. - The stock repurchase plan was amended to authorize the purchase of up to $10,000 in shares, with a maximum of $1,500 per calendar quarter [325].