Solid Revenue Growth
Second quarter revenues were reported at $30.1 million, representing a 7% increase compared to the same quarter in the previous year. Excluding the impact of ERTC, revenue growth was 10%.
Acquisition of Lathem Time Corporation
Asure acquired Lathem Time Corporation, which has approximately 14,000 clients. The acquisition is expected to bring additional high-margin revenue and is seen as a strategic fit with Asure's existing business.
Increase in Contracted Revenue Backlog
Contracted revenue backlog increased to $82 million, up 68% compared to the previous year, reaching record levels.
Updated Full Year 2025 Revenue Guidance
Full year 2025 revenue guidance increased to a range of $138 million to $142 million, up from the previous guidance of $134 million to $138 million.