Passenger traffic increased year-on-year by 8.7% in Puerto Rico and 7.7% in Colombia and decreased by 7.1% in MexicoMEXICO CITY, Dec. 5, 2024 /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 November 2024 reached a total of 5.8 million passengers, representing a decrease of 1.2% compared to November 2023.Passenger traffic increased b ...

AUSTIN, Texas, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Asure Software, Inc. (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (“HCM”) software solutions, is scheduled to participate at the following financial conferences during November and December 2024: 15th Annual Craig-Hallum Alpha Select ConferenceDate: Tuesday November 19, 2024Format: 1x1 MeetingsLocation: New York, NY Roth Technology ConferenceDate: Wednesday November 20, 2024Format: 1x1 MeetingsLocation: New York, NY Stephens Annu ...

Passenger traffic increased year-on-year by 20.8% in Colombia and 1.8% in Puerto Rico and decreased by 11.7% in MexicoMEXICO CITY, Nov. 5, 2024 /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 October 2024 reached a total of 5.3 million passengers, representing a decrease of 2.4% compared to October 2023.Passenger traffic increased 20 ...

Financial Data and Key Metrics Changes - The company's Q3 2024 revenue was $29.3 million, flat compared to the prior year, primarily due to a $5 million decrease in non-recurring ERTC revenue, while total recurring revenue grew by 20% year-over-year [10][25] - Recurring revenue represented 98% of total revenue in Q3 2024, up from 81% in the same period last year, indicating a significant improvement in revenue quality [11][26] - The net loss for Q3 2024 was $3.9 million, compared to a net loss of $2.2 million in the prior year [26] - Gross margins decreased to 67% from 73% year-over-year, while adjusted EBITDA margin was 19%, down from 21% in the prior year [27][28] Business Line Data and Key Metrics Changes - The company completed 12 acquisitions over the past four quarters, contributing approximately $15 million in repetitive revenue, with an average purchase price of about 2.6 times repetitive revenue [12] - Organic recurring revenue growth was 5% in Q3 2024, which did not meet expectations, but there are positive indicators for future growth [14] - Sales bookings increased by 141% year-over-year, and the current backlog grew by 35% sequentially from Q2 to Q3 2024, and 250% compared to the prior year [15] Market Data and Key Metrics Changes - The company is expanding its product offerings, including new 401(k) solutions for small businesses, leveraging government incentives to encourage adoption [17] - The introduction of AsurePay, an innovative financial services product, aims to enhance employee attraction and retention [18][35] Company Strategy and Development Direction - The company is focused on transitioning from non-recurring to recurring revenue, enhancing its product portfolio, and improving client experience through technology integration [20][21] - The updated 2024 revenue guidance is set between $119 million and $121 million, with an initial 2025 revenue guidance of $134 million to $138 million, reflecting confidence in future growth [22][30] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that the lower revenue was due to timing issues with large deals and emphasized the strong sales growth and backlog as indicators of future success [44][46] - The company is optimistic about the upcoming quarters, expecting to achieve double-digit organic growth in 2025 [15][38] Other Important Information - The company announced a sales agreement for an at-the-market offering to provide additional funding flexibility in the future [33] - The company is evaluating various forms of debt financing as the debt markets become more favorable [32] Q&A Session Summary Question: What caused the lower revenue for the quarter compared to expectations? - Management indicated that the difference was primarily due to timing issues with large deals in professional services and acknowledged that they had modeled in a higher percentage of recurring revenue than achieved [42][44] Question: Can you elaborate on the sales cycle for enterprise payroll tax? - Management explained that the sales cycle varies, with some contracts taking longer than expected due to dependencies on ERP implementations [49] Question: What are the underlying assumptions for the FY '25 revenue guidance? - The guidance does not assume any incremental acquisitions post-Q4, and interest rates were highlighted as a significant factor affecting the revenue outlook [53][55] Question: How many tax deals contributed to the revenue miss? - Management mentioned that there are over 50 tax deals, with timing issues affecting their implementation and revenue recognition [75][76] Question: What is the expected free cash flow conversion for 2025? - Management indicated that free cash flow conversion is expected to improve, with the main delta being related to software capital expenditures and commissions [79] Question: What is the acceptable leverage level for future acquisitions? - Management stated that they would be comfortable with a leverage level of about two times [85]

A Asure | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|--------------|-------|--------------------------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Payroll & HR | | Solutions that help Businesses Grow | | | | | | | | | Investor Presentation October 2024 | | (Under the Private Securities Litigation Reform Act of 1995) Safe Harbor Statement Forward-Looking Statements This presentation contains certain statements made by management t ...

Asure Software Inc (ASUR) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -22.22%. A quarter ago, it was expected that this company would post earnings of $0.13 per share when it actually produced earnings of $0.09, delivering a surprise of -30.77%.Over the last four quarters, the com ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value ASUR The Nasdaq Capital Market Series A Junior Participating Preferred Share Purchase Rights N/A FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended September 30, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act ...

Revenue Performance - Third quarter 2024 revenue was $29.3 million, nearly unchanged from the same period last year[2]. - Total revenue for the three months ended September 30, 2024, was $29,304, compared to $29,334 for the same period in 2023, showing a slight decrease[39]. - Revenue for Q3-24 was $29,304,000, an increase of 4.5% from Q2-24's $28,044,000[47]. - Recurring revenue grew 20% year-over-year to $28.6 million, representing 98% of total revenue compared to 81% in the prior year[2]. - Recurring revenue increased to $28,626 for the three months ended September 30, 2024, from $23,833 in the same period last year, representing a growth of approximately 20%[39]. - Full year 2025 revenue guidance is set at $134 million to $138 million, excluding potential future acquisitions[10]. Profitability and Loss - Net loss for the third quarter was $3.9 million, compared to a net loss of $2.2 million in the same period last year[2]. - The net loss for the three months ended September 30, 2024, was $3,901, compared to a net loss of $2,206 for the same period in 2023, indicating a worsening of approximately 77%[39]. - Net loss for the nine months ended September 30, 2024, was $8,569,000, compared to a net loss of $5,632,000 for the same period in 2023[41]. - Adjusted EBITDA for Q4 2024 is projected to be between $6 million and $7 million, with full year 2024 guidance at $18 million to $19 million[11]. - Adjusted EBITDA for Q3 2024 was $5,440,000, representing an adjusted EBITDA margin of 18.6%[49]. - GAAP net loss for Q3 2024 was $(3,901,000), an improvement from $(4,360,000) in Q2 2024[49]. Expenses and Costs - Gross profit for the third quarter was $19.7 million, down from $21.3 million in the same period last year[2]. - Total operating expenses increased to $23,326 for the three months ended September 30, 2024, compared to $21,027 in the same period in 2023, reflecting an increase of approximately 10.9%[39]. - General and administrative expenses for the nine months ended September 30, 2024, were $10,378,000, compared to $10,063,000 in the same period of 2023[45]. - Research and development expenses totaled $1,973,000 in Q3-24, compared to $1,962,000 in Q2-24[48]. - Sales and marketing expenses were $6,680,000 in Q3-24, a decrease from $6,924,000 in Q2-24[47]. - Non-GAAP general and administrative expenses were reported at $7,926,000 for the nine months ended September 30, 2024[46]. Cash Flow and Assets - Cash and cash equivalents decreased to $11,248 as of September 30, 2024, from $30,317 as of December 31, 2023, representing a decline of about 62.9%[38]. - Total current assets decreased to $226,889 as of September 30, 2024, from $267,220 as of December 31, 2023, a reduction of approximately 15%[38]. - Cash and cash equivalents at the end of the period were $132,728,000, down from $136,301,000 at the end of September 30, 2023[43]. - Total cash and cash equivalents, including funds held for clients, increased to $132,728,000 from $136,301,000 year-over-year[43]. New Products and Innovations - The company is launching a new financial services product, AsurePay, in November 2024, aimed at improving employee engagement and employer efficiency[8]. - A new Generative-AI Agent is entering beta, designed to handle payroll inquiries and HR requests dynamically[6]. - The company has made significant advancements in its Payroll Tax Management product, gaining new clients including major grocery chains[4]. Bookings and Backlog - New bookings increased by 141% year-over-year, with backlog growing over 35% from Q2 2024 and over 250% from Q3 2023[9].

Reports Third Quarter Revenues of $29.3 Million Recurring Revenues Grew 20% Versus Prior Year Third Quarter AUSTIN, Texas, Oct. 31, 2024 (GLOBE NEWSWIRE) -- 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 third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Revenue of $29.3 million, nearly unchanged versus the same period of the p ...

Total Revenue and EBITDA Increased YoY by 18% and 12%, Respectively Despite 2% Decrease in Passenger Traffic MEXICO CITY, Oct. 22, 2024 /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 results for the three-and nine-month periods ended September 30, 2024. 3Q24 Highlights1 Total passenger traffic declined 2.1% year-over-year ("YoY"). By country of operations, ...