Asure Software Inc ( (ASUR) ) has released its Q1 earnings. Here is a breakdown of the information Asure Software Inc presented to its investors.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Asure Software Inc., a company specializing in cloud-based Human Capital Management (HCM) software solutions, provides services such as HR, payroll, and talent management, with a focus on AI-enhanced compliance services.
In its first quarter of 2025, Asure Software reported a total revenue of $34.9 million, marking a 10% increase from the previous year. The company also highlighted the launch of a new Payroll Tax Management solution tailored for large Canadian enterprises, and secured a credit agreement allowing borrowing up to $60 million.
Key financial metrics for the quarter included a recurring revenue increase to $33.2 million from $30.3 million the previous year, and a gross profit rise to $24.6 million from $22.6 million. Despite these gains, the company reported a net loss of $2.4 million, compared to a $0.3 million loss in the prior year’s first quarter. Adjusted EBITDA improved to $7.3 million from $6.8 million.
Looking ahead, Asure Software’s management remains optimistic about continued growth, emphasizing their strategy to expand product adoption and maintain a high level of recurring revenue. The company projects second quarter revenues between $30.0 million and $32.0 million, and full-year revenues ranging from $134.0 million to $138.0 million.