NASDAQ$ASUR

Asure Software Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Asure's first quarter performance in 2020 was impacted by the COVID-19 pandemic, but the company focused on supporting small businesses and achieved non-GAAP EPS above consensus.

Asure reported HCM revenue of $18.9 million and non-GAAP EPS of $0.21, exceeding consensus estimates. However, HCM bookings declined due to the COVID-19 pandemic, and the company withdrew its full-year 2020 guidance due to macroeconomic uncertainties.

  • HCM revenue reached $18.9 million, surpassing the consensus of $18.3 million.
  • Non-GAAP EPS was $0.21, exceeding the consensus of $0.16.
  • HCM bookings experienced an 11% year-over-year increase through February but declined by 3% for the quarter due to COVID-19.
  • Asure launched a COVID-19 Resource Center for small businesses, offering support and guidance.

Headline financials

Total Revenue

$18.9M

Previous: $26.8M-29.2%
EPS (adj)

$0.21

Previous: $0.22-4.5%
Capital Expenditures

-$241K

Previous: -$926K+74.0%
Free Cash Flow

-$2.01M

Previous: -$3.82M+47.4%
Net Income

-$1.77M

Previous: -$2.89M+38.9%
Operating Income

-$2.44M

Previous: $164K-1590.2%
Gross Profit

$11.1M

Previous: $18.1M-38.5%
Cash & Equivalents

$20.8M

Previous: $16.6M+25.2%
Total Assets

$300M

Previous: $380M-21.0%
Stock-Based Comp

$438K

Previous: $611K-28.3%

Revenue & EPS history

Asure · Revenue · Quarterly

$18.9M

Q1 2020-29.2%vs Q1 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Asure · $18.9M total across 2 segments · Q1 2020

  • Recurring Revenue
    $18.4M
  • Professional Services, Hardware & Other
    $568K

Forward guidance

Asure withdrew its previously issued full-year 2020 guidance due to macroeconomic uncertainties arising from the COVID-19 crisis.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.9%

Avg return

Earnings day

-1.7%

Avg return

5 days after

-1.9%

Avg return

30 days after

44%

28 / 64 earnings

Positive

+21.8%

Q4 2022

Best reaction

-35.6%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%-6.0%-0.2%
Q4 2025+17.8%+21.0%+1.9%
Q3 2025+4.1%+1.5%-1.5%
Q1 2025+2.3%-1.5%-1.2%
Q4 2024+12.9%-4.4%-6.7%
Q3 2024-11.8%-9.0%+1.5%
Q2 2024-12.6%-19.3%-16.6%
Q1 2024-5.6%-2.3%+1.5%
Q4 2023-9.3%-3.7%-20.6%
Q3 2023-19.7%-16.1%-7.6%
Q2 2023+12.8%+2.6%-9.6%
Q1 2023+6.6%-3.3%-6.4%
Q4 2022+21.8%+30.5%+33.4%
Q3 2022-0.2%+1.4%+25.7%
Q2 2022+2.9%+8.3%+5.0%
Q1 2022-0.8%-0.8%-1.7%
Q4 2021-4.2%-5.1%-17.4%
Q3 2021-0.2%-9.1%-8.9%
Q2 2021-1.2%+0.9%-8.5%
Q1 2021-1.6%-2.4%+5.1%
Q4 2020-3.2%-8.8%-7.6%
Q3 2020-0.6%+1.9%+6.2%
Q2 2020-7.4%-4.8%-4.5%
Q1 2020+3.4%+9.9%+10.1%
Q4 2019+9.8%-1.2%+0.5%
Q3 2019-5.2%-5.7%-8.7%
Q2 2019-24.3%-19.8%-16.1%
Q1 2019+7.6%-0.9%-6.9%
Q4 2018+1.5%+5.8%+4.4%
Q3 2018-35.6%-45.0%-45.8%
Q2 2018+8.2%-4.2%-2.2%
Q1 2018+17.1%+9.8%+10.8%
Q4 2017-13.3%-18.9%-20.0%
Q3 2017+12.2%+19.3%+19.5%
Q2 2017+1.2%+1.5%-16.4%
Q1 2017+11.0%+11.1%+11.4%
Q4 2016-13.3%-12.8%-11.1%
Q3 2016+4.0%+19.6%+23.9%
Q2 2016+0.6%-5.1%+11.5%
Q1 2016-1.4%
Q4 2015-0.7%
Q3 2015-9.3%
Q2 2015+2.7%
Q1 2015-3.1%
Q4 2014-7.9%
Q3 2014+0.0%
Q2 2014+2.2%
Q1 2014+5.4%
Q4 2013+3.9%
Q3 2013+10.8%
Q2 2013-5.6%
Q1 2013+0.0%
Q4 2012-6.1%
Q3 2012-24.2%
Q2 2012+6.5%
Q1 2012-10.0%
Q4 2011-7.9%
Q3 2011-2.1%
Q2 2010+3.7%
Q2 2011+3.7%
Q1 2011-2.9%
Q4 2010-2.9%
Q3 2010-3.5%
Q1 2010+6.6%

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