Core Insights - Asure Software, Inc. reported a 7% increase in total revenues for Q2 2025, reaching $30.1 million, with recurring revenues growing by 6% year-over-year [1][6][9] - The company completed the acquisition of Lathem Time Corporation for $39.5 million, which is expected to enhance its time and attendance solutions and drive cross-selling opportunities [5][7] Financial Highlights - Q2 2025 total revenue was $30.1 million, up 7% from the prior year, and 10% excluding the impact of Employee Retention Tax Credits (ERTC) [6][9] - Recurring revenue for Q2 2025 was $28.6 million, compared to $27.1 million in Q2 2024 [9] - The net loss for Q2 2025 was $6.1 million, compared to a net loss of $4.4 million in Q2 2024 [9] - Adjusted EBITDA for Q2 2025 was $5.2 million, up from $4.1 million in the prior year [9] Business Developments - The acquisition of Lathem Time Corporation is anticipated to add high-margin recurring revenue and enhance Asure's existing time and attendance business [5][7] - Management expressed confidence in the company's growth trajectory, driven by strong performance in Payroll Tax Management and improved attach rates of HCM products [6][7] Guidance - The company provided guidance for Q3 2025 revenue in the range of $35.0 million to $37.0 million and increased the full-year 2025 revenue range to $138.0 million to $142.0 million [10][11]