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]

Core Insights - Asure Software, Inc. reported total revenues of $34.9 million for Q1 2025, reflecting a 10% increase year-over-year, with recurring revenues growing by 10% as well [1][9] - The company experienced a net loss of $2.4 million in Q1 2025, compared to a net loss of $0.3 million in the same period last year [9] - Asure's recurring revenue now constitutes over 95% of total revenue, with a record contracted revenue backlog [6][7] Financial Highlights - Total revenue for Q1 2025 was $34.9 million, up from $31.7 million in Q1 2024 [9] - Recurring revenue reached $33.2 million, compared to $30.3 million in the prior year [9] - Gross profit increased to $24.6 million from $22.6 million year-over-year, maintaining a gross margin of 70.6% [9][37] - Adjusted EBITDA for Q1 2025 was $7.3 million, up from $6.8 million in Q1 2024 [9] Business Developments - The company launched a new Payroll Tax Management solution aimed at large Canadian companies and global enterprises, enhancing its service offerings [9] - Asure entered into a credit agreement allowing for borrowing up to $60 million, with $20 million received at closing [9] Guidance - For Q2 2025, Asure projects revenue between $30.0 million and $32.0 million, and for the full year 2025, revenue is expected to be between $134.0 million and $138.0 million [8][7]

Core Points - Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) held its General Ordinary Shareholders' Meeting on April 23, 2025, where several key resolutions were approved regarding the company's operations and financials [1][3]. Financial Resolutions - The shareholders approved the audited individual and consolidated financial statements for the fiscal year ended December 31, 2024 [3]. - An ordinary cash dividend of Ps. 50.00 per share and two extraordinary cash dividends of Ps. 15.00 each per share were approved, to be paid in May, September, and November 2025 [3][9]. - Ps. 6.00 will be set aside from the accumulated net profits to increase the legal reserve of the company [3]. Board of Directors and Management - The report submitted by the Chief Executive Officer and the independent auditor's report for the fiscal year ended December 31, 2024, were approved [3]. - The resignation of Mr. Ricardo Guajardo Touché from the Board of Directors was accepted, and Ms. Isabel Prieto Prieto was appointed as an independent member [9]. - Compensation for board members was approved, with each member receiving Ps. 100,000.00 per meeting attended, and members of the Audit and Corporate Practices Committee receiving Ps. 135,000.00 [9]. Operational Highlights - The company operates 16 airports across Mexico, the United States, and Colombia, including major airports like Cancún and Medellin [8][10]. - ASUR is traded on the NYSE under the symbol ASR and on the Mexican Bolsa under the ticker ASUR [10].

This innovative solution expands Asure's capability to serve enterprise clients with international workforces, seamlessly integrating payroll tax services into major platforms such as Workday, Oracle, and SAP. Asure's Canadian tax product leverages Luna, the company's proprietary AI-powered virtual agent, marking a significant advancement as the first of its kind in the Canadian market. "We developed this product incredibly fast due to our API-first approach and strategic partnership with Amazon Web Service ...

Core Insights - Grupo Aeroportuario del Sureste (ASUR) reported a significant increase in total revenue by 18.2% year-over-year (YoY) to Ps. 8,787.5 million for the first quarter of 2025, driven by strong performance in Puerto Rico and Colombia, while Mexico experienced a decline in passenger traffic [1][3][4] Financial Highlights - Total Revenue increased from Ps. 7,434.9 million in Q1 2024 to Ps. 8,787.5 million in Q1 2025, marking an 18.2% increase [3] - Revenue from Mexico rose by 14.6% to Ps. 6,472.2 million, while San Juan and Colombia saw increases of 27.9% and 31.6%, respectively [3][4] - Commercial revenues per passenger increased by 17.5% YoY to Ps. 146.8 [3][4] - EBITDA grew by 11.7% YoY to Ps. 5,724.8 million, with a slight decline in adjusted EBITDA margin from 71.4% to 70.0% [3][4] - Net income increased by 14.2% YoY to Ps. 3,638.2 million, with earnings per share rising to 11.7193 pesos [3][4] Operational Highlights - Passenger traffic overall increased by 0.2% YoY, with notable increases in Puerto Rico (10.6%) and Colombia (6.4%), while Mexico saw a decrease of 4.8% [1][4] - In Mexico, international traffic decreased by 7.5%, while domestic traffic saw a minor decline of 0.7% [4] - The cash position at the end of Q1 2025 was Ps. 22,681.2 million, with a net debt of Ps. (9,758.0 million) [3][4] Company Overview - ASUR operates 16 airports across the Americas, including major airports in Mexico and Colombia, and holds a 60% stake in Aerostar Airport Holdings, which operates Luis Muñoz Marín International Airport in Puerto Rico [11]

Core Viewpoint - Asure Software, Inc. will hold a conference call on May 1, 2025, to discuss its financial results for the first quarter of 2025 [1][2]. Group 1: Conference Call Details - The conference call will be hosted by Asure Chairman and CEO Pat Goepel and CFO John Pence, followed by a Q&A session [2]. - The call is scheduled for Thursday, May 1, 2025, at 4:30 p.m. Eastern time [2]. - U.S. dial-in number is 877-407-9219, and international dial-in number is 201-689-8852 [2]. - Participants are advised to call 5-10 minutes prior to the start time [2]. Group 2: Webcast Information - The conference call will also be available via webcast on the investor relations section of Asure Software's website [3]. - A replay of the webcast will be accessible after the live event [3]. Group 3: Company Overview - Asure Software provides cloud-based Human Capital Management (HCM) software solutions for organizations of all sizes [4]. - The suite of HCM solutions includes HR, payroll, time and attendance, benefits administration, payroll tax management, and talent management [4]. - The company utilizes AI technology to enhance scalability and efficiency in HR compliance services while prioritizing client interactions [4].

Core Insights - Asure Software is leveraging a strategic partnership with Amazon Web Services (AWS) to enhance its Human Capital Management (HCM) software solutions through advanced AI technologies [1][2][3] - The collaboration aims to drive transformative innovations in HR and payroll solutions, focusing on generative AI tools to improve various business functions beyond customer support [2][3][4] Company Overview - Asure Software (NASDAQ: ASUR) provides cloud-based HCM software solutions that help organizations streamline HR processes, including payroll, time and attendance, benefits administration, and talent management [5] - The company's approach incorporates AI technology to enhance scalability and efficiency while prioritizing client interactions [5] Partnership with AWS - The partnership with AWS allows Asure to explore and deploy AI-powered solutions rapidly, fundamentally redefining the HCM landscape [3][4] - Future innovations from this collaboration may include predictive HR analytics, intelligent workforce management, personalized employee engagement platforms, and advanced compliance monitoring [2][3] Technological Advancements - Generative AI and agentic AI are expected to revolutionize all aspects of human capital management, providing unprecedented insights, increased productivity, and significant operational efficiencies [3][4] - Potential applications include automating complex payroll processes and creating dynamic compliance monitoring systems [3]