Asure Software(ASUR)
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ASUR Announces at the request of the Mexican Stock Exchange ("BMV")
Prnewswire· 2025-11-05 17:00
Core Insights - Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) has submitted an offer to Motiva Infraestrutura de Mobilidade S.A. for participation in airports located in Brazil, Ecuador, Curaçao, and Costa Rica, with no agreements signed yet [1] Company Overview - ASUR is a leading international airport operator managing 16 airports across the Americas, including nine in southeast Mexico and six in northern Colombia [2] - Cancun Airport is highlighted as the most significant tourist destination in Mexico, the Caribbean, and Latin America, while Medellin International Airport is noted as the second busiest in Colombia [2] - ASUR holds a 60% joint venture stake in Aerostar Airport Holdings, LLC, which operates Luis Muñoz Marín International Airport in San Juan, Puerto Rico, the primary gateway for international and mainland U.S. destinations [2] - The company is listed on both the Mexican Bolsa (ASUR) and the NYSE (ASR), with one American Depositary Share (ADS) representing ten series B shares [2]
Asure Software Inc (ASUR) Q3 Earnings Miss Estimates
ZACKS· 2025-10-31 00:21
Core Insights - Asure Software Inc (ASUR) reported quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.22 per share, representing an earnings surprise of -31.82% [1] - The company posted revenues of $36.25 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.60%, compared to year-ago revenues of $29.3 million [2] - Asure Software shares have declined approximately 13.5% year-to-date, contrasting with the S&P 500's gain of 17.2% [3] Earnings Performance - Over the last four quarters, Asure Software has exceeded consensus EPS estimates only once [2] - The current consensus EPS estimate for the upcoming quarter is $0.31 on revenues of $38.09 million, and for the current fiscal year, it is $0.79 on revenues of $138.78 million [7] Market Outlook - The company's earnings outlook and management's commentary on the earnings call will be crucial for future stock price movements [3][4] - The Zacks Industry Rank for Internet - Delivery Services is in the top 22% of over 250 Zacks industries, indicating a favorable industry outlook [8] Estimate Revisions - The estimate revisions trend for Asure Software was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it will perform in line with the market [6]
Asure Software(ASUR) - 2025 Q3 - Earnings Call Transcript
2025-10-30 21:30
Financial Data and Key Metrics Changes - The company reported Q3 2025 revenues of $36.3 million, a 24% increase compared to Q3 2024 [5][9] - Recurring revenues grew 11% year-over-year to $31.8 million, while professional services and hardware revenue increased to $4.4 million from $0.7 million in the prior year [9][10] - Gross profit for Q3 was $23.1 million, with gross margins at 64%, down from 67% in the prior year [11] - The net loss for Q3 was $5.4 million, compared to a net loss of $3.9 million in the previous year [12] - Adjusted EBITDA increased 49% to $8.1 million, with an adjusted EBITDA margin of 22% [12][14] Business Line Data and Key Metrics Changes - Organic growth improved sequentially to approximately 4% in Q3 from 1% in Q2, with a 7% organic growth rate excluding HRC/ERTC-related churn [10][11] - Bookings for Q3 declined by 41% year-over-year due to large enterprise deals booked in Q3 2024, but were up 21% when excluding those deals [8] Market Data and Key Metrics Changes - The company noted a slight decline in float revenue due to federal funds rate reductions, but anticipated that increasing client fund balances would help offset this [11] - The Federal Reserve cut rates by a quarter point, with expectations for another cut later in the year [11] Company Strategy and Development Direction - The company is focused on integrating acquisitions and enhancing technology, with the recent launch of Asure Central aimed at improving client experience and cross-selling opportunities [6][16] - The company aims for a medium-term revenue target of $180 million to $200 million, with adjusted EBITDA margins exceeding 30% [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving GAAP profitability in Q4 2025 and for the full year 2026, citing strong demand for human capital management products [15][16] - The company anticipates continued organic growth and margin improvement, with a revenue guidance for 2026 between $158 million and $162 million [13][14] Other Important Information - The company plans to participate in several investor conferences in November and December to enhance investor outreach [3][4] - The integration of Latham Time is on schedule, with expectations for significant revenue synergies [39][40] Q&A Session Summary Question: Can you elaborate on the 2026 outlook regarding organic growth? - Management indicated that the balance sheet is strong and they are not modeling extraordinary enhanced organic growth for 2026, focusing instead on existing acquisitions [19][20] Question: What are the drivers behind the improved organic growth? - Management highlighted that attach rates are a key driver, with a 7% sequential increase in cross-sell results [25][50] Question: How is the integration of Latham Time progressing? - The integration is on schedule, with expectations for significant revenue synergies as they bundle offerings [39][40] Question: What is the expected impact of Asure Central on costs and competitive positioning? - Management noted that Asure Central is expected to reduce legacy support costs and enhance competitive positioning through improved client experience [46][66]
Asure Software(ASUR) - 2025 Q3 - Earnings Call Presentation
2025-10-30 20:30
Payroll & HR Solutions Investor Presentation October 2025 : ASUR 1 Safe Harbor Statement (Under the Private Securities Litigation Reform Act of 1995) 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 about our financial results may include expected or projected U.S GAAP and ot ...
Asure Software(ASUR) - 2025 Q3 - Quarterly Report
2025-10-30 20:03
Revenue Performance - Asure's revenue for the three months ended September 30, 2025, was $36,252, an increase of $6,948, or 24%, from $29,304 for the same period in 2024[106] - For the nine months ended September 30, 2025, total revenue was $101,230, an increase of $12,230, or 14%, from $89,000 for the same period in 2024[106] - Recurring revenue for the three months ended September 30, 2025, was $31,841, an increase of $3,215, or 11%, from $28,626 for the same period in 2024, primarily due to growth in time and attendance solutions[110] - Recurring revenue for the nine months ended September 30, 2025, was $93,624, an increase of $7,674, or 9%, from $85,950 for the same period in 2024, mainly due to tax management and time and attendance solutions[111] - Professional services, hardware, and other revenue for the three months ended September 30, 2025, was $4,411, an increase of $3,733, or 551%, from $678 for the same period in 2024, driven by hardware sales related to time and attendance solutions[113] - Professional services, hardware, and other revenue for the nine months ended September 30, 2025, was $7,606 million, an increase of $4,556 million, or 149%, from $3,050 million for the same period in 2024[114] Profitability and Expenses - Asure's gross profit margin for the nine months ended September 30, 2025, was 67%, down from 69% in the same period of 2024[104] - Consolidated gross profit for the three months ended September 30, 2025, was $23,142 million, an increase of $3,438 million, or 17%, from $19,704 million for the same period in 2024[116] - Total operating expenses as a percentage of revenue decreased to 77% for the nine months ended September 30, 2025, compared to 78% for the same period in 2024[104] - Sales and marketing expenses for the three months ended September 30, 2025, were $9,043 million, an increase of $2,363 million, or 35%, from $6,680 million for the same period in 2024[120] - General and administrative expenses for the three months ended September 30, 2025, were $11,655 million, an increase of $1,277 million, or 12%, from $10,378 million for the same period in 2024[124] - R&D expenses for the three months ended September 30, 2025, were $1,174 million, a decrease of $799 million, or 40%, from $1,973 million for the same period in 2024[127] - The net loss for the nine months ended September 30, 2025, was 14% of total revenue, compared to a net loss of 10% for the same period in 2024[104] - The company incurred a net loss of $5,362 million, or $0.19 per share, during the three months ended September 30, 2025, compared to a loss of $3,901 million, or $0.15 per share, during the same period in 2024[136] Cash Flow and Liquidity - Net cash provided by operating activities for the nine months ended September 30, 2025, was $10,924 million, primarily driven by non-cash adjustments to net loss of approximately $29,526 million[140] - Net cash used in investing activities for the nine months ended September 30, 2025, was $78,170 million, primarily due to cash paid in business combinations or asset acquisitions of $52,467 million[141] - As of September 30, 2025, the company had working capital of $14,838 million, an increase of $1,197 million from $13,641 million at December 31, 2024[139] - As of September 30, 2025, the company has $21,520 in cash and cash equivalents generated from operations, expected to be the principal source of liquidity for the next twelve months[148] - The company believes it has sufficient liquidity to support business operations for at least the next twelve months, but may need to raise additional capital for growth and acquisitions[149] Acquisitions and Business Development - Asure completed the acquisition of Lathem Time 2025 LLC on July 1, 2025, enhancing its time and attendance offerings and expanding its customer base[101] - The company executed two customer relationship asset acquisitions during the three months ended September 30, 2025, with a total purchase price of $11,227[102] Financial Compliance and Risk - The company is in compliance with all covenants under the Loan Agreement, including a Total Leverage Ratio no greater than 5.50 to 1.00 and a minimum liquidity threshold of $10,000[147] - There have been no material changes to critical accounting estimates since the Annual Report for the year ended December 31, 2024[150] - The company has not experienced any material changes in market risk exposure since the 2024 Annual Report[152] - The company has access to an "at the market offering" program allowing the issuance of up to $25,000 of newly issued shares of common stock, with $25,000 available for issuance as of September 30, 2025[148]
Asure Software(ASUR) - 2025 Q3 - Quarterly Results
2025-10-30 20:02
Exhibit 99.1 Asure Announces Third Quarter 2025 Results Third Quarter 2025 Total Revenues Increased 24% to $36.3 million Recurring Revenues Grew 11% from Prior Year AUSTIN, TX – October 30, 2025 – Asure Software, Inc. (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management software solutions, today reported results for the third quarter ended September 30, 2025. Third Quarter 2025 Financial Highlights* Nine Months 2025 Financial Highlights* *Financial metrics are compared to the third qua ...
Asure Announces Third Quarter 2025 Results
Globenewswire· 2025-10-30 20:01
Core Insights - Asure Software, Inc. reported a 24% increase in total revenues for Q3 2025, reaching $36.3 million, with recurring revenues growing by 11% year-over-year [1][9][10] - The company launched Asure Central™, a unified client platform aimed at enhancing scalability and client experience, which is expected to improve operating leverage and client satisfaction [6][7] Financial Highlights - Q3 2025 total revenue: $36.3 million, up 24% from Q3 2024 [9][10] - Recurring revenue for Q3 2025: $31.8 million, compared to $28.6 million in Q3 2024 [10] - Net loss for Q3 2025: $5.4 million, compared to a net loss of $3.9 million in Q3 2024 [10] - EBITDA for Q3 2025: $3.9 million, up from $2.2 million in Q3 2024 [10] - Adjusted EBITDA for Q3 2025: $8.1 million, compared to $5.4 million in Q3 2024 [10] Year-to-Date Performance - Total revenue for the first nine months of 2025: $101.2 million, a 14% increase from the same period in 2024 [10] - Recurring revenue for the first nine months of 2025: $93.6 million, up 9% from $86.0 million in the same period of 2024 [10] - Net loss for the first nine months of 2025: $13.9 million, compared to a net loss of $8.6 million in the same period of 2024 [10] - Gross profit for the first nine months of 2025: $67.7 million, compared to $61.2 million in the same period of 2024 [10] Guidance - Q4 2025 revenue guidance: $38.0 million to $40.0 million [12] - Full year 2025 revenue guidance: $139.0 million to $141.0 million [12] - Full year 2026 revenue guidance: $158.0 million to $162.0 million [12] - Adjusted EBITDA guidance for Q4 2025: $10.0 million to $12.0 million [12]
ASUR ANNOUNCES 3Q25 RESULTS
Prnewswire· 2025-10-22 20:30
Core Insights - Grupo Aeroportuario del Sureste (ASUR) reported a total revenue increase of 17.1% year-over-year to Ps.8,765.4 million for the third quarter of 2025 [3][4] - Passenger traffic showed mixed results across regions, with a 1.1% decrease in Mexico, a 1.1% increase in Puerto Rico, and a 3.1% increase in Colombia [1][4] - The company announced a strategic acquisition of airport retail concessions at major U.S. airports for US$295 million, expected to close in the fourth quarter of 2025 [4] Financial Highlights - Total Revenue: Ps.7,483.3 million in Q3 2024 vs. Ps.8,765.5 million in Q3 2025, a 17.1% increase [3] - Revenue Breakdown: - Mexico: Ps.5,386.4 million in Q3 2024 vs. Ps.6,479.1 million in Q3 2025, a 20.3% increase [3] - San Juan: Ps.1,215.6 million in Q3 2024 vs. Ps.1,325.8 million in Q3 2025, a 9.1% increase [3] - Colombia: Ps.881.3 million in Q3 2024 vs. Ps.960.6 million in Q3 2025, a 9.0% increase [3] - EBITDA: Ps.4,700.4 million in Q3 2024 vs. Ps.4,639.4 million in Q3 2025, a 1.3% decline [3] - Net Income: Ps.3,474.6 million in Q3 2024 vs. Ps.2,211.4 million in Q3 2025, a 36.4% decline [3] Operational Highlights - Total passenger traffic increased by 0.4% year-over-year, with specific changes: - Mexico: Decreased by 1.1% [4] - Puerto Rico: Increased by 1.1% [4] - Colombia: Increased by 3.1% [4] - Commercial revenues per passenger increased by 1.0% year-over-year to Ps.126.1 [3][4] - Cash position as of September 30, 2025, was Ps.16,259.3 million, with a Debt to LTM Adjusted EBITDA ratio of 0.2x [4]
Asure Software to Announce Third Quarter 2025 Financial Results on October 30, 2025
Globenewswire· 2025-10-16 20:01
Core Viewpoint - Asure Software will announce its financial results for the third quarter of 2025 on October 30, 2025, and will hold a conference call to discuss these results [1][2]. Company Information - Asure Software, Inc. is a leading provider of cloud-based Human Capital Management (HCM) software solutions, assisting organizations in streamlining their HCM processes [4]. - The company's HCM solutions include HR, payroll, time and attendance, benefits administration, payroll tax management, and talent management [4]. - Asure incorporates AI technology in its HR compliance services to enhance scalability and efficiency while prioritizing client interactions [4]. Conference Call Details - The conference call will take place on October 30, 2025, at 4:30 p.m. Eastern time, hosted by Chairman and CEO Pat Goepel and CFO John Pence [2]. - Participants can join the call by dialing 877-407-9219 for U.S. calls or 201-689-8852 for international calls, with a confirmation code of 13756367 [2]. - The call will also be available via webcast on the investor relations section of Asure Software's website, with a replay option [3].
ASUR Announces Total Passenger Traffic for September 2025
Prnewswire· 2025-10-06 20:30
Core Insights - Passenger traffic for Grupo Aeroportuario del Sureste (ASUR) in September 2025 reached 4.8 million, a decrease of 1.4% compared to September 2024 [1][4] - Year-over-year passenger traffic increased by 3.2% in Colombia and 1.6% in Puerto Rico, while it decreased by 4.5% in Mexico [2][4] Passenger Traffic Summary - **Mexico**: - Total passenger traffic decreased from 2,728,720 in September 2024 to 2,605,717 in September 2025, a decline of 4.5% [4] - Domestic traffic decreased by 3.1% and international traffic decreased by 6.5% [4][5] - **Puerto Rico**: - Total passenger traffic increased from 773,296 in September 2024 to 785,846 in September 2025, an increase of 1.6% [4] - International traffic saw a significant increase of 16.1%, while domestic traffic decreased by 0.5% [2][4] - **Colombia**: - Total passenger traffic increased from 1,352,202 in September 2024 to 1,395,261 in September 2025, a rise of 3.2% [4] - International traffic increased by 10.0%, while domestic traffic rose by 1.4% [2][4] Year-to-Date Performance - **Mexico**: Year-to-date passenger traffic decreased by 2.7% from 31,314,960 in 2024 to 30,481,397 in 2025 [4] - **Puerto Rico**: Year-to-date traffic increased by 4.9% from 10,047,837 in 2024 to 10,543,332 in 2025 [4] - **Colombia**: Year-to-date traffic increased by 3.4% from 12,218,181 in 2024 to 12,635,396 in 2025 [4] Company Overview - Grupo Aeroportuario del Sureste (ASUR) operates 16 airports across the Americas, including major airports in Mexico and Colombia, and is a key player in the airport management sector [8]