NASDAQ$ASUR

Asure Software Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Asure's Q4 2020 results were announced, with a focus on small business paying off through new customer additions and broader solution adoption.

Asure reported a decrease in revenue compared to the previous year, but showed sequential growth from Q3 2020. The company's focus on small business is driving growth with increased customer additions. They are cautiously optimistic about future revenue growth with improving unemployment rates.

  • HCM revenue reached $16.4 million, a 3% increase sequentially from Q3 2020.
  • Non-GAAP HCM EBITDA was $1.1 million, a 13% increase sequentially from Q3 2020.
  • Non-GAAP HCM EPS was $0.00, up three cents sequentially from Q3 2020.
  • Small-business HCM bookings increased more than 100% year-over-year.

Headline financials

Total Revenue

$16.4M

Previous: $21.6M-24.0%
EPS (adj)

-$0.31

Previous: -$0.10-207.0%
Capital Expenditures

-$2K

Previous: -$142K+98.6%
Free Cash Flow

$12K

Previous: -$4.23M+100.3%
Net Income

-$5.84M

Previous: $41.2M-114.2%
Operating Income

-$3.05M

Previous: -$48.8M+93.8%
Gross Profit

$9.81M

Previous: $8.18M+19.9%
Cash & Equivalents

$28.6M

Previous: $28.8M-0.9%
Total Assets

$515M

Previous: $335M+53.8%
Stock-Based Comp

$632K

Previous: $688K-8.1%

Revenue & EPS history

Asure · Revenue · Quarterly

$16.4M

Q4 2020-24%vs Q4 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Asure · $65.5M total across 2 segments · Q4 2020

  • Recurring Revenue
    $63.3M
  • Professional Services, Hardware & Other
    $2.19M

Forward guidance

Asure is aiming for positive organic growth in 2021 and maintains its strategic goal of 10% organic and 10% acquired growth.

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 Q4 2020

Historical avgQ4 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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