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0 -0.00108108108108106 -0.00108108108108106 0.000540540540540625 0 -0.00972972972972971 -0.00972972972972971 -0.0075675675675676
Stock impact report

Asure Reports Q4 2023 and FY 2023 Financial Results Highlighting Revenue Growth Excluding ERTC [Yahoo! Finance]

Asure Software Inc (ASUR) 
Last asure software inc earnings: 3/12 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Management (HCM) software solutions and services, released its fourth quarter 2023 and full-year 2023 financial results on February 26, 2024. For the full year 2023, Asure reported total revenues of $119.1 million, which were up 24% y/y or 19% y/y when excluding ERTC. Recurring revenue was $99.7 million, which is y/y growth of 16% or 19% when excluding ERTC. The overall net loss of $9.2 million was a noticeable $5.3 million improvement compared to FY 2022's net loss of $14.5 million. EBITDA jumped 63% y/y to $14.3 million and adjusted EBITDA surged 97% y/y to $23.3 million. During the fourth quarter, Asure reported total revenue of $26.3 million, which represented 15% y/y growth (excluding ERTC) or -10% y/y with ERTC. Recurring revenue came in at $25 million, which was up 15% y/y when excluding ERTC or up 4% y/y with ERTC included. The HCM service provider reported a net loss of $3.6 million, compared to a net loss of $1.1 million during the same period last year. EBITDA was repor Show less Read more
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