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, ...

The Zacks Internet - Delivery Services industry participants like GoDaddy (GDDY) , MakeMyTrip (MMYT) , QuinStreet (QNST) and Asure Software (ASUR) are strategically positioned for growth due to their sustained efforts toward adopting changing consumer preferences. A greater Internet presence in emerging markets, a burgeoning affluent middle class and the accelerated uptake of smartphones are set to aid Internet – Delivery Services industry participants. Online delivery is yet to expand beyond major metros, ...

AUSTIN, Texas, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Asure (NASDAQ: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, is pleased to announce that its Chairman and CEO, Pat Goepel, has been named the 2024 Best CEO of a Public Company by the Austin Business Journal (ABJ). This prestigious recognition celebrates Goepel’s outstanding leadership, strategic vision, and contributions to both the company and the greater Austin business community. When Goepel joined Asure as CEO ...

Passenger traffic increased year-on-year by 14.7% in Colombia, and declined 0.8% in Puerto Rico and 8.1% in Mexico MEXICO CITY, Oct. 7, 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 September 2024 reached a total of 4.9 million passengers, representing a decrease of 1.5% compared to September 2023. Passenger traffic increased ...

Passenger traffic increased year-on-year by 16.3% in Colombia and 1.6% in Puerto Rico, and declined 10.7% in MexicoMEXICO CITY, Sept. 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 August 2024 reached a total of 6.0 million passengers, representing a decrease of 2.8% compared to August 2023.Passenger traffic presented year- ...

AUSTIN, Texas, Aug. 16, 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 September 2024: 17th Annual Barrington Research Virtual Fall Investment ConferenceDate: Thursday September 12, 2024Format: 1x1 MeetingsLocation: Virtual Lake Street Capital Markets 8th Annual Best Ideas Growth ConferenceDate: Thursday September 12, 2024Format:1x1 M ...

Asure Software, Inc. (NASDAQ:ASUR) Q2 2024 Results Conference Call August 1, 2024 4:30 PM ET Company Participants Patrick McKillop - Vice President, Investor Relations Pat Goepel - Chairman & Chief Executive Officer John Pence - Chief Financial Officer Eyal Goldstein - President & Chief Revenue Officer Conference Call Participants Joshua Reilly - Needham & Company Jared Levine - TD Cowen Eric Martinuzzi - Lake Street Capital Jeff Van Rhee - Craig Hallum Capital Group Vincent Colicchio - Barrington Research ...

Asure Software Inc (ASUR) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -30.77%. A quarter ago, it was expected that this company would post earnings of $0.21 per share when it actually produced earnings of $0.21, delivering no surprise.Over the last four quarters, the company has s ...