Asure Software Inc ( (ASUR) ) has released its Q1 earnings. Here is a breakdown of the information Asure Software Inc presented to its investors.
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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.