NASDAQ$ASUR
Asure Software Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Asure's revenue increased by 12% year-over-year, with two-thirds attributed to organic growth. The company reported a GAAP net income of $5.3 million, which included a $10.5 million gain from ERTC credit.
Asure Software, Inc. reported third-quarter results with a 12% increase in revenue compared to the prior year. The company acquired two payroll businesses and introduced a new integrated payroll and HR solutions platform. They also reported a GAAP net income of $5.3 million, including a $10.5 million gain from the Employee Retention Tax Credit (ERTC).
- Revenue of $17.98 million, up 12% from the prior year’s quarter, and up 5% sequentially
- Total bookings were up 43% year over year, and flat sequentially
- GAAP net income of $5.3 million including a $10.5 million gain related to the Company’s ERTC credit
- Non-GAAP EBITDA of $1.2 million, or 7% margin
Headline financials
Revenue & EPS history
Asure · Revenue · Quarterly
$17.5M
Revenue by segment
Asure · $18M total across 2 segments · Q3 2021
- Recurring Revenue$16.4M+7.3%91.1%
- Professional Services, Hardware & Other$1.61M+118.3%8.9%
Forward guidance
The company provided revenue guidance for the fourth quarter of 2021 and fiscal year 2022.
Tailwinds
- Fourth Quarter 2021 Revenue: $20.5 million—$21.0 million
- Fourth Quarter 2021 Non-GAAP EBITDA: $1.5 million—$1.7 million
- Fourth Quarter 2021 Non-GAAP EPS: $(0.05)—$(0.03)
- Fiscal Year 2022 Revenue: $85.0 million—$90.0 million
- Fiscal Year 2022 Non-GAAP EBITDA Margin percentages and Non-GAAP EPS to be in line with historical percentages and seasonal trends
Headwinds
- Continuing challenging environment to predict future economic results given the ebbs and flows of employment trends
- Continuing challenging environment to predict future economic results given the ebbs and flows of COVID
- Continuing challenging environment to predict future economic results given the ebbs and flows of other economic challenges of today
- Non-GAAP EPS Guidance for Q4 2021 is negative
- There is risk associated with possible fluctuations in the Company’s financial and operating results
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 Q3 2021
-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% | — | — |
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