NASDAQ$ASUR
Asure Software Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Asure's Q2 2024 performance was marked by recurring revenue growth and strategic partnerships.
Asure reported Q2 2024 revenues of $28 million, with recurring revenues up 18% year-over-year. The company experienced a net loss of $4.4 million. They announced new agreements and acquisitions to enhance their product suite.
- Revenue was $28 million, down 8% year-over-year due to a reduction in ERTC revenue.
- Recurring revenue increased by 18% year-over-year, reaching $27.1 million.
- The company acquired an applicant tracking system technology company and partnered with MyHRScreens to expand background screening solutions.
- Full year 2024 revenue guidance updated to a range of $123M-$129M.
Headline financials
Revenue & EPS history
Asure · Revenue · Quarterly
$28M
Revenue by segment
Asure · $29.3M total across 2 segments · Q3 2023
- Recurring Revenue$23.8M+19.4%81.2%
- Professional Services, Hardware & Other$5.5M+183.0%18.8%
Forward guidance
The Company is providing the following guidance for the third quarter 2024 and full year 2024 based on the Company’s year-to-date results and recent business trends. Management is updating full year 2024 guidance range to $123M-$129M.
Tailwinds
- Revenue Q3 2024: $30.0M – 33.0M
- Revenue FY 2024: $123.0M –129.0M
- Adjusted EBITDA Q3 2024: $6.0M –7.0M
- Adjusted EBITDA FY 2024: 20% – 21%
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 Q2 2024
-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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro