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Asure (ASUR)
NASDAQ:ASUR
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.18Last Year’s EPS
$0.07Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -8.06%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Neutral
The earnings call revealed strong growth in recurring revenue and significant increases in sales bookings and backlog, driven by successful acquisitions and product introductions like AsurePay. However, these positives are tempered by flat total revenue, an increased net loss, decreased gross margins, and lower than expected organic growth. The sentiment is mixed, with notable achievements in growth overshadowed by financial setbacks.Company Guidance
During Asure Software's Q3 2024 earnings call, the company updated its 2024 guidance to a revenue range of $119 million to $121 million, down from the previous midpoint of $126 million, due to lower-than-expected revenues from new product introductions and timing issues with large enterprise tax deals. The adjusted EBITDA margin for 2024 is now expected to be between 18% and 19%. For 2025, Asure provided initial revenue guidance of $134 million to $138 million, with adjusted EBITDA margins of 23% to 24%. The company emphasized its growth in recurring revenue, which accounted for 98% of total revenue in Q3 2024, up from 81% in the previous year. Asure also highlighted its successful acquisitions, which contributed approximately $15 million in repetitive revenue over the past four quarters, and its strong sales bookings, which increased by 141% year-over-year. Additionally, Asure reported a backlog growth of 250% compared to the prior year, setting the stage for anticipated double-digit organic growth in 2025.Strong Recurring Revenue Growth
Recurring revenue for the third quarter was 98% of total revenue, compared to 81% in the prior year's period, with a 20% increase in recurring revenue year over year.
Significant Sales Bookings Increase
Sales bookings were up 141% compared to last year, and the current backlog grew 35% sequentially from Q2 to Q3 2024 and is up 250% versus the prior year.
Acquisitions Driving Growth
Acquired 12 companies over the past 4 quarters with repetitive revenue of approximately $15 million, at an average purchase price of about a 2.6x multiple on repetitive revenue.
Introduction of AsurePay
Launch of a new financial services product, AsurePay, providing innovative banking alternatives, which is expected to enhance the product portfolio.
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ASUR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ASUR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $9.92 | $8.51 | -14.21% |
| Aug 01, 2024 | $9.99 | $9.00 | -9.91% |
| May 02, 2024 | $7.96 | $7.04 | -11.56% |
| Feb 26, 2024 | $10.27 | $9.02 | -12.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Asure (ASUR) report earnings?
Asure (ASUR) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Asure (ASUR) earnings time?
Asure (ASUR) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASUR EPS forecast?
ASUR EPS forecast for the fiscal quarter 2024 (Q4) is $0.18.
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