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]

Financial Performance & Guidance - First quarter revenue increased by 10% year-over-year to $34.9 million[14] - Recurring revenue also increased by 10% year-over-year[77] - The company anticipates FY2025 revenue between $134 million and $138 million[16] - FY2025 adjusted EBITDA margin is guided at 23%-24%[16] Growth & Strategy - Contracted revenue backlog increased by 339% compared to the first quarter of the previous year[14] - The company completed a credit facility for up to $60 million for potential future acquisitions[14] - The company serves over 100,000 clients and over 2 million employees[16] Market Opportunity - The US HCM total addressable market (TAM) is over $90 billion and is growing at a CAGR of 7.6% through 2025[38] - The near-term total addressable market is over $45 billion[38]

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].

Core Insights - Asure Software, Inc. has launched a new Canadian payroll tax filing solution aimed at large Canadian companies and global enterprises with employees in Canada [1][2] - The solution integrates payroll tax services with major platforms like Workday, Oracle, and SAP, utilizing the company's AI-powered virtual agent, Luna, marking a significant innovation in the Canadian market [2][3] Company Developments - The product was developed rapidly due to an API-first approach and a strategic partnership with Amazon Web Services (AWS), enhancing scalability, reliability, and flexibility [3] - The Canadian payroll tax solution addresses compliance needs for organizations managing cross-border payroll processes, simplifying workflows and improving operational efficiency through intelligent automation [3][4] Strategic Focus - The company aims to empower organizations by simplifying complex payroll and tax compliance challenges, particularly across international borders, reinforcing its commitment to innovation [4] - Asure Software's suite of HCM solutions includes various services such as HR, payroll, time and attendance, benefits administration, payroll tax management, and talent management, all enhanced by AI technology [5]

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].