Asure Software Inc ( (ASUR) ) has released its Q2 earnings. Here is a breakdown of the information Asure Software Inc presented to its investors.
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Asure Software Inc., a provider of cloud-based Human Capital Management (HCM) software solutions, offers a suite of services including HR, payroll, and talent management, with a focus on enhancing efficiency through AI technology.
In its second quarter of 2025, Asure Software reported a 7% increase in total revenues, reaching $30.1 million, with recurring revenues growing by 6% compared to the previous year. Despite these gains, the company experienced a net loss of $6.1 million, slightly higher than the $4.4 million loss from the same quarter last year.
Key financial highlights include an adjusted EBITDA of $5.2 million, up from $4.1 million in the prior year, and a gross profit of $19.9 million. Asure also completed the acquisition of Lathem Time Corporation, a strategic move expected to enhance its time and attendance solutions and boost cross-selling opportunities within its HCM product suite.
Looking forward, Asure Software has increased its full-year 2025 revenue guidance to a range of $138.0 million to $142.0 million, reflecting confidence in its growth strategy and recent business trends, including the integration of Lathem Time Corporation.