ASUR Stock Price & Analysis

Asure Software Inc

ASUR

Asure Software Inc

9.345

+0.215(+2.355%)6M

ASUR Stock Price Chart

YTD

ASUR Key Stats

High

9.450

Vol

7.46K

Low

9.160

Amount

68.90K

Open

9.160

VWAP

9.24

Mkt Cap

247.13M

EV/EBITDA(TTM)

21.14

ASUR Company Profile

Asure Software, Inc. is a provider of cloud-based Human Capital Management (HCM) software and services, delivered as Software-as-a-Service (SaaS) for small and medium-sized businesses (SMBs). The Company’s HCM suite (AsureHCM) includes Payroll & Tax solutions, HR compliance and services, Time & Attendance software and data integrations. It offers these services directly and indirectly through its network of reseller partners. The Company’s solutions are primarily cloud-based and delivered as SaaS and HR services as well as professional services and hardware (time clocks and data collection devices). Asure Payroll & Tax is an integrated solution that provides a foundation for its clients digital HR strategy. It provides payroll tax processing software and service solutions for the payroll service industry, mid-market and large corporate employers. It provides three core levels of HR services: HR support, Strategic HR and Total HR. Asure Time & Attendance is a cloud-based software.

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ASUR Fundamental Analysis

buy

Moderate Buy

Buy

Hold

Sell

High

20.00

Averages

14.20

Low

11.00

Analyst

Rating

Action

Price Target

Date

Rating Reason

Needham

Joshua Reilly

Strong Buy

Reiterates

$20

2025-03-07

Barrington Research

Vincent Colicchio

Buy

Maintains

$17

2025-03-07

Stephens & Co.

Charles Nabhan

Buy

Reiterates

$13

2025-03-07

Stephens & Co.

Charles Nabhan

Buy

Reiterates

$13

2025-01-15

Needham

Joshua Reilly

Strong Buy

Reiterates

$20

2025-01-15

Analyst	Rating	Action	Price Target	Date

Needham Joshua Reilly	Strong Buy	Reiterates	$20	2025-03-07
Barrington Research Vincent Colicchio	Buy	Maintains	$17	2025-03-07
Stephens & Co. Charles Nabhan	Buy	Reiterates	$13	2025-03-07
Stephens & Co. Charles Nabhan	Buy	Reiterates	$13	2025-01-15
Needham Joshua Reilly	Strong Buy	Reiterates	$20	2025-01-15

ASUR Earnings Analysis

Asure Software Inc Corporation (ASUR.O) Q4 2024 Earnings Conference Call

Positive

Modest Revenue Increase: Total revenue increased modestly to $119.8 million in 2024, with a 17% increase in total revenues excluding ERTC revenues.
Recurring Revenue Increase: Recurring revenues grew by 15% year-over-year, now representing 96% of total revenues, up from 84% in 2023.
Innovative Product Launch: The company launched innovative products like SurePay, which offers on-demand pay through a mobile app, enhancing employee retention and attraction.
Successful Acquisition Strategy: Acquisition strategy was successful, with a focus on payroll resellers, leading to new client acquisitions and a robust pipeline for future deals.
Payroll Units Momentum: Strong momentum in new payroll units and a significant increase in 401(k) product performance, leveraging the US government's Secure 2.0 Act.
New Bookings Surge: Sales efforts resulted in an 86% increase in new bookings compared to the previous year, indicating strong demand for services.
Backlog Growth Update: Contracted backlog grew by 17% since the third quarter, reaching $79 million, with a third expected to be recognized in 2025.
2025 Revenue Guidance Reiteration: The company reiterated its 2025 revenue guidance of $134 to $138 million, indicating a positive mid-teens growth rate.
Partnership for Payroll Solutions: Signed a multiyear agreement with a leading firm to resell payroll and payroll tax management solutions, expanding market reach.

Negative

Earnings Miss Report: Asure Software, Inc. missed earnings expectations with a reported EPS of $0.15, falling short of the expected $0.16.
Net Loss Increase: The company experienced a net loss of $11.8 million for the full year, which is an increase from a loss of $9.2 million in the prior year.
Modest Annual Revenue Growth: Despite a 17% increase in total revenue for Q4, the overall revenue growth for the full year was modest, with total revenue only slightly increasing to $119.8 million.
Gross Margin Decline: Gross margins decreased from 72% in the prior year to 69% for the full year, indicating a decline in profitability.
HR Compliance Challenges: The company faced challenges in its HR compliance group related to ERTC upsell activity, which impacted revenue growth.
EBITDA Decline Analysis: Adjusted EBITDA for the full year decreased to $22.5 million from $23.3 million in the prior year, reflecting a decline in operational efficiency.
Subdued Revenue Growth Outlook: The anticipated revenue growth for Q1 2025 is expected to be subdued, with challenges in the HR compliance group continuing into the first half of the year.

Positive

Modest Revenue Increase: Total revenue increased modestly to $119.8 million in 2024, with a 17% increase in total revenues excluding ERTC revenues.
Recurring Revenue Increase: Recurring revenues grew by 15% year-over-year, now representing 96% of total revenues, up from 84% in 2023.
Innovative Product Launch: The company launched innovative products like SurePay, which offers on-demand pay through a mobile app, enhancing employee retention and attraction.
Successful Acquisition Strategy: Acquisition strategy was successful, with a focus on payroll resellers, leading to new client acquisitions and a robust pipeline for future deals.
Payroll Units Momentum: Strong momentum in new payroll units and a significant increase in 401(k) product performance, leveraging the US government's Secure 2.0 Act.
New Bookings Surge: Sales efforts resulted in an 86% increase in new bookings compared to the previous year, indicating strong demand for services.
Backlog Growth Update: Contracted backlog grew by 17% since the third quarter, reaching $79 million, with a third expected to be recognized in 2025.
2025 Revenue Guidance Reiteration: The company reiterated its 2025 revenue guidance of $134 to $138 million, indicating a positive mid-teens growth rate.
Partnership for Payroll Solutions: Signed a multiyear agreement with a leading firm to resell payroll and payroll tax management solutions, expanding market reach.

Negative

Earnings Miss Report: Asure Software, Inc. missed earnings expectations with a reported EPS of $0.15, falling short of the expected $0.16.
Net Loss Increase: The company experienced a net loss of $11.8 million for the full year, which is an increase from a loss of $9.2 million in the prior year.
Modest Annual Revenue Growth: Despite a 17% increase in total revenue for Q4, the overall revenue growth for the full year was modest, with total revenue only slightly increasing to $119.8 million.
Gross Margin Decline: Gross margins decreased from 72% in the prior year to 69% for the full year, indicating a decline in profitability.
HR Compliance Challenges: The company faced challenges in its HR compliance group related to ERTC upsell activity, which impacted revenue growth.
EBITDA Decline Analysis: Adjusted EBITDA for the full year decreased to $22.5 million from $23.3 million in the prior year, reflecting a decline in operational efficiency.
Subdued Revenue Growth Outlook: The anticipated revenue growth for Q1 2025 is expected to be subdued, with challenges in the HR compliance group continuing into the first half of the year.