Breaking News: Asure Reveals Impressive Fourth Quarter and Full Year 2024 Results!
Description:
Reports Full Year 2024 Revenues of $119.8 million Full Year 2024 Recurring Revenues Grew 15% from Prior Year Recurring Revenues Grew to 96% of Total Revenues from 84% in the Prior Year AUSTIN, Texas, March 06, 2025 (GLOBE NEWSWIRE) — Asure Software, Inc. (“we”, “us”, “our”, “Asure” or the “Company”) (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (“HCM”) software solutions, today reported results for the fourth quarter and full year ended December 31, 2024.
Financial Highlights:
Fourth Quarter 2024 Financial Highlights Revenue of $30.8 million, up 17% year over year, excluding ERTC revenue up 22% from prior year fourth quarter Recurring revenue of $28.5 million, up 14% from prior year fourth quarter Net loss of $3.2 million versus a net loss of $3.6 million during prior year fourth quarter EBITDA of $3.4 million versus $1.1 million from prior-year fourth quarter Adjusted EBITDA of $6.2 million, versus $2.8 million from prior-year fourth quarter Gross profit of $20.9 million versus $17.8 million from prior-year fourth quarter Non-GAAP gross profit of $22.5 million (Non-GAAP gross margin of 73%) versus $18.8 million (and 72% in prior-year fourth quarter)
Full Year 2024 Financial Highlights Revenue of $119.8 million increased slightly year over year, excluding ERTC revenue up 17% from prior year Recurring revenue of $114.5 million up 15% from prior year Net loss of $11.8 million versus prior year net loss of $9.2 million EBITDA of $11.4 million versus $14.3 million in the prior year Adjusted EBITDA of $22.5 million versus $23.3 million in the prior year Gross profit of $82.1 million versus $85.5 million in the prior year Non-GAAP gross profit of $88.2 million versus $90.3 million in the prior year.
Recent Business Highlights:
In January 2025 we signed a major multi-year agreement with an industry leader in audit, consulting, tax and advisory services to resell our Payroll and Payroll Tax Management solutions.
Effect on You:
As a user of Asure’s software solutions, the impressive fourth quarter and full year results indicate a financially stable and growing company. This could lead to better customer service, more innovative features, and overall improvements in the products you are using.
Effect on the World:
Asure’s successful financial performance signals a strong presence in the HCM software industry. This could lead to increased competition, innovation, and potentially even more job opportunities within the field as the company continues to expand and grow.
Conclusion:
In conclusion, Asure’s impressive fourth quarter and full year 2024 results demonstrate the company’s commitment to growth and excellence in the HCM software industry. With increasing revenues and recurring revenues, as well as strategic partnerships, Asure is positioned for continued success in the future.
