Welcome to our dedicated page for Asure Software news (Ticker: ASUR), a resource for investors and traders seeking the latest updates and insights on Asure Software stock.
Asure Software Inc (NASDAQ: ASUR) provides cloud-based Human Capital Management solutions helping businesses streamline HR, payroll, and compliance operations. This news hub offers investors and professionals centralized access to verified corporate developments and market-moving updates.
Track essential ASUR announcements including quarterly earnings, strategic partnerships, product enhancements, and regulatory compliance updates. Our curated feed ensures timely access to operational milestones, leadership changes, and technology innovations within the competitive HCM SaaS sector.
Key updates cover three critical areas: financial performance including earnings calls and SEC filings, strategic initiatives like acquisitions or technology integrations, and product evolution through new feature releases. Bookmark this page for objective reporting on how ASUR continues addressing modern workforce challenges through cloud-based solutions.
Asure Software reported Q3 2022 revenue of $21.9 million, a 22% increase year-over-year, but incurred a net loss of $4.5 million compared to net income of $5.3 million in Q3 2021. Adjusted EBITDA rose 71% to $2.1 million, with total bookings increasing by 91% year-over-year. Asure raised its Q4 revenue guidance to a growth range of 11% to 14% and provided preliminary 2023 revenue guidance of $98 to $102 million. The company is focusing on automation and enhancing HR compliance to drive future revenue growth.
Asure, a cloud-based Human Capital Management (HCM) software provider, announced the release of its financial results for Q3 2022, scheduled for November 7, 2022, after market close. The company will hold a conference call hosted by CEO Pat Goepel and CFO John Pence at 3:30 PM CT to discuss the results, followed by a Q&A session. Investors can access a live webcast on their Investor Relations page.
Asure supports over 80,000 small and mid-sized businesses with solutions including payroll, tax, HR, and compliance.
Asure Software and Equifax have announced a new integration that enables Asure's clients to access automated verification services from The Work Number. This integration aims to streamline employment and income verifications for small businesses, benefiting approximately 80,000 customers. Employers will save time by reducing manual verification requests, while employees can achieve faster access to critical services during life milestones. The integration is available at no cost to Asure clients and reflects a commitment to enhancing Human Capital Management (HCM) functionality.
Asure Software and Equifax have announced a new integration that allows Asure clients access to The Work Number, providing automated verifications for employment and income. This integration aims to benefit over 80,000 small businesses and their employees by streamlining the verification process, reducing manual efforts, and enhancing efficiency. With a database of 584 million employment records, The Work Number offers quick and secure verifications, essential for significant life events like mortgage applications. The service is available now at no extra cost to Asure clients.
Asure Software (Nasdaq: ASUR) has unveiled new proprietary technology aimed at automating back-office processes for CPAs and tax professionals dealing with the Employee Retention Tax Credit (ERTC). This innovation responds to increased demand for amended tax returns, streamlining the calculation of compliant tax credits for small businesses. CEO Pat Goepel emphasized that this technology will not only enhance operational efficiency for CPA partners but also drive organic growth for Asure. The solution builds on Asure’s existing FlexTax platform, which facilitates cloud-based payroll tax processing.
Asure Software has signed an agreement to be a preferred provider of payroll tax filing software for PrismHR, enhancing Asure's offerings in the PEO and ASO markets. This partnership integrates Asure’s FlexTax payroll tax filing engine with PrismHR’s payroll system, benefiting over 80,000 organizations. The service includes a flexible suite of Payroll Tax Management Services, with an intuitive 24/7 interface for users. The integration is set to launch on October 1, providing businesses with scalable solutions for payroll tax filing as they navigate evolving HR landscapes.
Asure Software (Nasdaq: ASUR) reported strong Q2 2022 results, with revenue reaching $20.3 million, marking an 18% increase year-over-year. The company achieved an impressive 87% growth in new sales bookings and a 23% rise in Non-GAAP EBITDA to $1.3 million. Despite a net loss of $0.7 million, Asure maintained a solid cash position of $14.6 million. The company plans to launch innovative solutions, including a new Tax Portal and Integration Marketplace, aimed at enhancing client experience and operational efficiency.
Asure Software (Nasdaq: ASUR) has launched a new Asure Tax Portal aimed at enhancing transparency and efficiency for clients regarding tax compliance. This web portal allows users to easily access tax returns, schedules, and real-time filing statuses from a single, secure location. The portal is particularly beneficial for payroll providers and CPA partners, streamlining management across 7,000+ tax jurisdictions. Asure highlights this development as a significant competitive advantage in the Human Capital Management sector, improving operational efficiency for large enterprises.
Asure (Nasdaq: ASUR), a provider of cloud-based Human Capital Management (HCM) software, will announce its Q2 2022 financial results after market close on August 8, 2022. A conference call hosted by Chairman and CEO Pat Goepel and CFO John Pence will take place at 3:30 PM CT (4:30 PM ET) to discuss these results. Investors can access the live call and a replay via the company’s investor relations website.
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