Asure Software, Inc. (ASUR) 10-Year Financial Performance & Capital Metrics

ASUR • • Industrial / General

TechnologyApplication SoftwareHuman Capital ManagementHR & Payroll Management

AboutAsure Software, Inc. provides cloud-based human capital management solutions the United States. It helps various small and mid-sized businesses to build productive teams to help them stay compliant and allocate resources to grow their business. The company's solutions include Asure Payroll & Tax, an integrated cloud-based solution automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and fair labor standard act, as well as federal, state, and local payroll taxes; Asure (human resource) HR, a cloud-based functionality that handles HR complexities, such as employee self-service that enable employees to access information, pay history, and company documents; and Asure Time & Attendance that provides cost savings and return on investment gains come in the form of strategic use of labor dollars and the elimination of time theft. It also provides HR services that offers services comprising on-demand HR resource library, phone and email support for any HR issues, and compliance and policy updates; support for strategic HR decision making; and HR outsourcing solution, as well as data integration with related third-party systems, such as 401(k), benefits, and insurance provider systems. Asure Software, Inc. was incorporated in 1985 and is headquartered in Austin, Texas.Show more

Revenue $120M +0.6%
EBITDA -$12M -166.2%
Net Income -$12M -27.8%
EPS (Diluted) -0.45 -7.1%
Gross Margin 68.54% -4.6%
EBITDA Margin -9.73% -165.8%
Operating Margin -8.96% -255.9%
Net Margin -9.83% -27.0%
ROE -6.05% -10.6%
ROIC -4.41% -236.1%
Debt/Equity 0.09 +65.0%
Interest Coverage -10.49 -1402.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y sales CAGR of 10.4%
✓Trading at only 1.3x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Shares diluted 17.7% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y15.98%

5Y10.37%

3Y16.35%

TTM14.54%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-40.62%

EPS CAGR

10Y-

5Y-

3Y-

TTM-31.07%

ROCE

10Y Avg-5.74%

5Y Avg-5.7%

3Y Avg-4.2%

Latest-5.17%

Peer Comparison

HR & Payroll Management

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DAYDayforce Inc	11.08B	69.25	629.55	16.27%	-7.91%	-5.56%	1.55%	0.48
WDAYWorkday, Inc.	41.05B	192.72	98.83	16.35%	6.95%	7.23%	5.33%	0.37
PCTYPaylocity Holding Corporation	7.7B	141.65	35.24	13.74%	13.75%	20.44%	4.45%	0.18
PAYCPaycom Software, Inc.	8.39B	152.78	17.13	11.19%	22.65%	26.51%	4.07%	0.05
LGCLLucas GC Limited Ordinary Shares	5.84M	2.09	0.10	-27.85%	4.63%	44.23%		0.26
ALITAlight, Inc.	831.22M	1.59	-5.48	-31.61%	-94.23%	-107.63%	15.76%	0.50
BLKBBlackbaud, Inc.	2.72B	56.93	-10.17	4.53%	-22.23%	-233.32%	10.6%	7.81
ASURAsure Software, Inc.	280.97M	10.12	-22.49	0.6%	-12.94%	-8.85%		0.09

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	26.91M	35.54M	54.44M	88.95M	73.15M	65.51M	76.06M	95.83M	119.08M	119.79M
Revenue Growth %	-0.01%	0.32%	0.53%	0.63%	-0.18%	-0.1%	0.16%	0.26%	0.24%	0.01%
Cost of Goods Sold+	7.34M	8.12M	12.62M	30.83M	29.84M	27.41M	29.5M	33.32M	33.55M	37.69M
COGS % of Revenue	0.27%	0.23%	0.23%	0.35%	0.41%	0.42%	0.39%	0.35%	0.28%	0.31%
Gross Profit+	19.57M	27.43M	41.82M	58.12M	43.31M	38.09M	46.56M	62.51M	85.54M	82.11M
Gross Margin %	0.73%	0.77%	0.77%	0.65%	0.59%	0.58%	0.61%	0.65%	0.72%	0.69%
Gross Profit Growth %	-0.06%	0.4%	0.52%	0.39%	-0.25%	-0.12%	0.22%	0.34%	0.37%	-0.04%
Operating Expenses+	19.88M	26.2M	42.82M	64.39M	93.71M	52.98M	59.38M	73.82M	88.54M	92.84M
OpEx % of Revenue	0.74%	0.74%	0.79%	0.72%	1.28%	0.81%	0.78%	0.77%	0.74%	0.78%
Selling, General & Admin	14.96M	21.05M	33.89M	47.33M	41.53M	37.48M	43.02M	54.18M	68.07M	68.81M
SG&A % of Revenue	0.56%	0.59%	0.62%	0.53%	0.57%	0.57%	0.57%	0.57%	0.57%	0.57%
Research & Development	3.05M	2.9M	4.46M	8.36M	5.35M	5.96M	5.41M	6.15M	6.85M	7.81M
R&D % of Revenue	0.11%	0.08%	0.08%	0.09%	0.07%	0.09%	0.07%	0.06%	0.06%	0.07%
Other Operating Expenses	-110K	2.25M	4.48M	8.69M	46.83M	9.55M	10.95M	13.49M	13.62M	16.22M
Operating Income+	-317K	1.23M	-1M	-6.26M	-50.4M	-14.89M	-12.81M	-11.31M	-3M	-10.74M
Operating Margin %	-0.01%	0.03%	-0.02%	-0.07%	-0.69%	-0.23%	-0.17%	-0.12%	-0.03%	-0.09%
Operating Income Growth %	-1.2%	4.87%	-1.81%	-5.26%	-7.05%	0.7%	0.14%	0.12%	0.73%	-2.58%
EBITDA+	2.69M	4.84M	5.06M	5.01M	-32.23M	1.28M	5.01M	9.1M	17.62M	-11.66M
EBITDA Margin %	0.1%	0.14%	0.09%	0.06%	-0.44%	0.02%	0.07%	0.09%	0.15%	-0.1%
EBITDA Growth %	-0.39%	0.8%	0.05%	-0.01%	-7.44%	1.04%	2.91%	0.82%	0.94%	-1.66%
D&A (Non-Cash Add-back)	3.01M	3.61M	6.06M	11.27M	18.16M	16.17M	17.82M	20.41M	20.62M	-921K
EBIT	-408K	1.23M	-1M	-10.74M	-15.34M	-14.75M	6.03M	-9.92M	-4.81M	-9.82M
Net Interest Income+	-1.11M	-2.01M	-4.63M	-8.62M	-16M	-1.22M	-2.04M	-4.44M	-4.3M	-111K
Interest Income	22K	10K	0	0	0	0	0	0	0	913K
Interest Expense	1.13M	2.01M	4.63M	8.62M	16M	1.22M	2.04M	4.44M	4.3M	1.02M
Other Income/Expense	-1.22M	-2.01M	-4.63M	-8.62M	-16M	-1.09M	16.81M	-3.05M	-6.11M	-103K
Pretax Income+	-1.54M	-783K	-5.63M	-14.78M	-66.4M	-15.97M	4M	-14.35M	-9.11M	-10.84M
Pretax Margin %	-0.06%	-0.02%	-0.1%	-0.17%	-0.91%	-0.24%	0.05%	-0.15%	-0.08%	-0.09%
Income Tax+	219K	189K	96K	-7.23M	-24.11M	337K	802K	112K	109K	933K
Effective Tax Rate %	1.14%	1.24%	1.02%	0.51%	-0.45%	1.02%	0.8%	1.01%	1.01%	1.09%
Net Income+	-1.76M	-972K	-5.72M	-7.55M	30M	-16.31M	3.19M	-14.47M	-9.21M	-11.77M
Net Margin %	-0.07%	-0.03%	-0.11%	-0.08%	0.41%	-0.25%	0.04%	-0.15%	-0.08%	-0.1%
Net Income Growth %	-5.71%	0.45%	-4.89%	-0.32%	4.97%	-1.54%	1.2%	-5.53%	0.36%	-0.28%
Net Income (Continuing)	-1.76M	-972K	-5.72M	-11.37M	-42.29M	-16.31M	3.19M	-14.47M	-9.21M	-11.77M
Discontinued Operations	0	0	0	3.83M	72.29M	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.28	-0.15	-0.53	-0.54	-2.73	-1.03	0.16	-0.72	-0.42	-0.45
EPS Growth %	-5.41%	0.46%	-2.53%	-0.02%	-4.06%	0.62%	1.16%	-5.5%	0.42%	-0.07%
EPS (Basic)	-0.28	-0.15	-0.53	-0.54	-2.73	-1.03	0.17	-0.72	-0.42	-0.45
Diluted Shares Outstanding	6.18M	6.53M	10.89M	14.01M	15.51M	15.91M	19.51M	20.12M	22.14M	26.05M
Basic Shares Outstanding	6.18M	6.48M	10.8M	14.01M	15.51M	15.91M	19.31M	20.12M	22.14M	26.05M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	7.81M	45.6M	86.58M	159.91M	169.47M	358.23M	249.83M	243.28M	267.22M	237.28M
Cash & Short-Term Investments	1.16M	12.77M	27.79M	15.44M	28.83M	28.58M	13.43M	17.01M	30.32M	21.43M
Cash Only	1.16M	12.77M	27.79M	15.44M	28.83M	28.58M	13.43M	17.01M	30.32M	21.43M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	4.67M	8.11M	13.36M	5.1M	10.61M	3.85M	5.31M	12.12M	14.2M	18.15M
Days Sales Outstanding	63.37	83.27	89.58	20.94	52.95	21.44	25.47	46.18	43.53	55.31
Inventory	784K	487K	509K	3.12M	656K	449K	246K	251K	155K	195K
Days Inventory Outstanding	38.99	21.9	14.72	36.9	8.03	5.98	3.04	2.75	1.69	1.89
Other Current Assets	0	22.98M	42.33M	136.61M	127.92M	321.07M	217.38M	213.89M	222.55M	197.5M
Total Non-Current Assets+	26.4M	40.22M	116.73M	201.19M	150.6M	157.19M	183.41M	176.63M	176.65M	207.33M
Property, Plant & Equipment	2.21M	1.88M	5.22M	8.95M	14.83M	14.73M	14.69M	18.5M	19.51M	23.71M
Fixed Asset Turnover	12.16x	18.93x	10.44x	9.94x	4.93x	4.45x	5.18x	5.18x	6.10x	5.05x
Goodwill	17.44M	26.26M	77.35M	111.39M	68.7M	73.96M	86.01M	86.01M	86.01M	94.72M
Intangible Assets	6.03M	12.05M	33.55M	76.76M	63.85M	64.55M	78.57M	66.59M	62.08M	69.11M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	729K	39K	614K	4.09M	3.22M	3.95M	4.14M	5.52M	9.05M	19.78M
Total Assets+	34.21M	85.82M	203.31M	361.1M	320.07M	515.42M	433.25M	419.91M	443.87M	436.64M
Asset Turnover	0.79x	0.41x	0.27x	0.25x	0.23x	0.13x	0.18x	0.23x	0.27x	0.27x
Asset Growth %	-0.01%	1.51%	1.37%	0.78%	-0.11%	0.61%	-0.16%	-0.03%	0.06%	-0.02%
Total Current Liabilities+	16.4M	41.39M	69.55M	148.47M	151.61M	350.02M	232.83M	235.18M	241.34M	223.64M
Accounts Payable	2.67M	1.58M	1.91M	2.94M	1.74M	1.29M	565K	2.19M	2.57M	1.36M
Days Payables Outstanding	132.77	70.87	55.3	34.87	21.24	17.15	6.99	24.04	27.96	13.21
Short-Term Debt	1.03M	5.46M	8.89M	4.73M	2.57M	14.14M	1.91M	4.11M	27K	7.01M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	713K	23.92M	43.19M	138.51M	133.67M	325.54M	221.49M	212.77M	226.54M	194.38M
Current Ratio	0.48x	1.10x	1.24x	1.08x	1.12x	1.02x	1.07x	1.03x	1.11x	1.06x
Quick Ratio	0.43x	1.09x	1.24x	1.06x	1.11x	1.02x	1.07x	1.03x	1.11x	1.06x
Cash Conversion Cycle	-30.42	34.3	49	22.97	39.73	10.27	21.52	24.89	17.25	43.99
Total Non-Current Liabilities+	14.09M	26.18M	69.98M	110.11M	30.88M	19.75M	42.18M	39.66M	10.87M	15.69M
Long-Term Debt	12.26M	24.58M	66.97M	106.63M	24.14M	12.22M	33.12M	30.8M	4.28M	5.71M
Capital Lease Obligations	0	0	0	0	5.94M	5.37M	4.75M	6.46M	4.64M	3.58M
Deferred Tax Liabilities	0	0	0	1.57M	336K	888K	1.59M	1.5M	1.73M	2.61M
Other Non-Current Liabilities	958K	835K	1.89M	3.48M	139K	1.16M	2.68M	114K	209K	358K
Total Liabilities	30.49M	67.58M	139.54M	258.58M	182.49M	369.77M	275M	274.84M	252.21M	239.32M
Total Debt+	13.69M	30.04M	75.87M	111.96M	34.23M	33.57M	41.32M	43.22M	10.44M	17.73M
Net Debt	12.53M	17.27M	48.08M	96.52M	5.4M	4.99M	27.9M	26.21M	-19.88M	-3.69M
Debt / Equity	3.68x	1.65x	1.19x	1.09x	0.25x	0.23x	0.26x	0.30x	0.05x	0.09x
Debt / EBITDA	5.08x	6.21x	15.00x	22.37x	-	26.20x	8.25x	4.75x	0.59x	-
Net Debt / EBITDA	4.65x	3.57x	9.50x	19.28x	-	3.90x	5.57x	2.88x	-1.13x	-
Interest Coverage	-0.28x	0.61x	-0.22x	-0.73x	-3.15x	-12.16x	-6.29x	-2.55x	-0.70x	-10.49x
Total Equity+	3.72M	18.25M	63.77M	102.52M	137.58M	145.65M	158.24M	145.07M	191.66M	197.31M
Equity Growth %	-0.17%	3.91%	2.5%	0.61%	0.34%	0.06%	0.09%	-0.08%	0.32%	0.03%
Book Value per Share	0.60	2.79	5.86	7.32	8.87	9.15	8.11	7.21	8.66	7.57
Total Shareholders' Equity	3.72M	18.25M	63.77M	102.52M	137.58M	145.65M	158.24M	145.07M	191.66M	197.31M
Common Stock	67K	89K	129K	157K	161K	193K	204K	206K	254K	267K
Retained Earnings	-270.9M	-271.88M	-277.6M	-283.64M	-253.64M	-269.95M	-266.76M	-281.23M	-290.44M	-307.23M
Treasury Stock	-5.02M	-5.02M	-5.02M	-5.02M	-5.02M	-5.02M	-5.02M	-5.02M	-5.02M	0
Accumulated OCI	-78K	5K	-63K	-906K	-25K	604K	-99K	-2.48M	-1.11M	-575K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.35M	-2.01M	-36K	-7.13M	-4.12M	2.23M	1.38M	13.67M	18.9M	9.39M
Operating CF Margin %	0.12%	-0.06%	-0%	-0.08%	-0.06%	0.03%	0.02%	0.14%	0.16%	0.08%
Operating CF Growth %	0.24%	-1.6%	0.98%	-197.03%	0.42%	1.54%	-0.38%	8.92%	0.38%	-0.5%
Net Income	-1.76M	-972K	-5.72M	-7.55M	30M	-16.31M	3.19M	-14.47M	-9.21M	-11.77M
Depreciation & Amortization	3.01M	3.61M	6.06M	12.93M	18.16M	16.17M	17.82M	20.41M	20.62M	23.53M
Stock-Based Compensation	409K	226K	593K	1.69M	2.27M	2.37M	2.99M	3.18M	5.43M	6.44M
Deferred Taxes	100K	265K	0	-7.08M	-1.19M	551K	707K	-92K	225K	884K
Other Non-Cash Items	32K	94K	495K	1.04M	-54.45M	1.33M	-8.54M	-622K	3.26M	-1.92M
Working Capital Changes	1.56M	-5.24M	-1.46M	-8.15M	1.1M	-1.87M	-14.79M	5.26M	-1.42M	-7.78M
Change in Receivables	524K	-3.4M	-4.1M	-1.72M	-1.45M	528K	-1.29M	-7.62M	-4.13M	-4M
Change in Inventory	-615K	297K	-17K	-2.95M	-1.58M	150K	142K	-14K	97K	-41K
Change in Payables	1.12M	-1.1M	-254K	1.59M	-3.17M	-676K	-725K	1.61M	376K	-1.21M
Cash from Investing+	-1.39M	-18.77M	-58.49M	-107.23M	85.63M	-19.41M	-36.97M	-36M	-29.52M	-19.26M
Capital Expenditures	-1.41M	-436K	-3.06M	-5.79M	-1.02M	-857K	-29.8M	-8.84M	-1.58M	-692K
CapEx % of Revenue	0.05%	0.01%	0.06%	0.07%	0.01%	0.01%	0.39%	0.09%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	18K	-6.34M	-10.04M	-34.45M	94.09M	-2.78M	-29.67M	-6.52M	-14.68M	-23.44M
Cash from Financing+	-1.14M	32.3M	73.54M	101.79M	-68.02M	208.1M	-90.65M	-12.38M	24.2M	-22.04M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-75K	21.32M	36.87M	72.28M	21.13M	190.08M	-106.1M	-11.19M	13.03M	-27.99M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.95M	-2.45M	-3.09M	-12.92M	-8.96M	-14.54M	-28.42M	4.84M	2.64M	-14.75M
FCF Margin %	0.07%	-0.07%	-0.06%	-0.15%	-0.12%	-0.22%	-0.37%	0.05%	0.02%	-0.12%
FCF Growth %	0.03%	-2.26%	-0.26%	-3.18%	0.31%	-0.62%	-0.95%	1.17%	-0.46%	-6.59%
FCF per Share	0.32	-0.37	-0.28	-0.92	-0.58	-0.91	-1.46	0.24	0.12	-0.57
FCF Conversion (FCF/Net Income)	-1.91x	2.07x	0.01x	0.94x	-0.14x	-0.14x	0.43x	-0.95x	-2.05x	-0.80x
Interest Paid	0	0	3.47M	7.82M	8.9M	1.03M	1.41M	3.4M	3.14M	0
Taxes Paid	0	0	23K	91K	126K	3.66M	366K	233K	432K	18K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-42.91%	-8.85%	-13.95%	-9.08%	24.99%	-11.52%	2.1%	-9.54%	-5.47%	-6.05%
Return on Invested Capital (ROIC)	-1.34%	3.56%	-1.02%	-3.02%	-22.1%	-7.61%	-5.71%	-4.75%	-1.31%	-4.41%
Gross Margin	72.72%	77.16%	76.82%	65.34%	59.21%	58.15%	61.22%	65.23%	71.83%	68.54%
Net Margin	-6.53%	-2.73%	-10.51%	-8.49%	41.01%	-24.9%	4.2%	-15.1%	-7.74%	-9.83%
Debt / Equity	3.68x	1.65x	1.19x	1.09x	0.25x	0.23x	0.26x	0.30x	0.05x	0.09x
Interest Coverage	-0.28x	0.61x	-0.22x	-0.73x	-3.15x	-12.16x	-6.29x	-2.55x	-0.70x	-10.49x
FCF Conversion	-1.91x	2.07x	0.01x	0.94x	-0.14x	-0.14x	0.43x	-0.95x	-2.05x	-0.80x
Revenue Growth	-1.1%	32.1%	53.18%	63.39%	-17.76%	-10.45%	16.12%	25.98%	24.27%	0.6%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
RecurringMember	-	-	-	71.08M	86.22M	99.73M	114.47M
RecurringMember Growth	-	-	-	-	21.31%	15.67%	14.78%
ProfessionalServicesRevenueMember	-	-	-	4.99M	9.61M	19.35M	5.32M
ProfessionalServicesRevenueMember Growth	-	-	-	-	92.66%	101.42%	-72.50%
Recurring revenue	-	70.07M	63.31M	-	-	-	-
Recurring revenue Growth	-	-	-9.64%	-	-	-	-
Professional Services Revenue	7.85M	3.08M	2.19M	-	-	-	-
Professional Services Revenue Growth	-	-60.70%	-28.92%	-	-	-	-
Cloud Revenue	68.89M	-	-	-	-	-	-
Cloud Revenue Growth	-	-	-	-	-	-	-
Hardware Revenue	6.28M	-	-	-	-	-	-
Hardware Revenue Growth	-	-	-	-	-	-	-
Maintenance Revenue	5.23M	-	-	-	-	-	-
Maintenance Revenue Growth	-	-	-	-	-	-	-
Other	715K	-	-	-	-	-	-
Other Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Asure Software, Inc. (ASUR) reported $132.0M in revenue for fiscal year 2024. This represents a 1107% increase from $10.9M in 2011.

Asure Software, Inc. (ASUR) grew revenue by 0.6% over the past year. Growth has been modest.

Asure Software, Inc. (ASUR) reported a net loss of $17.1M for fiscal year 2024.

Dividend & Returns

Asure Software, Inc. (ASUR) has a return on equity (ROE) of -6.1%. Negative ROE indicates the company is unprofitable.

Asure Software, Inc. (ASUR) generated $4.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...

Asure Software, Inc. (ASUR) 10-Year Financial Performance & Capital Metrics

ASUR • • Industrial / General

TechnologyApplication SoftwareHuman Capital ManagementHR & Payroll Management

Revenue $120M +0.6%
EBITDA -$12M -166.2%
Net Income -$12M -27.8%
EPS (Diluted) -0.45 -7.1%
Gross Margin 68.54% -4.6%
EBITDA Margin -9.73% -165.8%
Operating Margin -8.96% -255.9%
Net Margin -9.83% -27.0%
ROE -6.05% -10.6%
ROIC -4.41% -236.1%
Debt/Equity 0.09 +65.0%
Interest Coverage -10.49 -1402.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y sales CAGR of 10.4%
✓Trading at only 1.3x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Shares diluted 17.7% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y15.98%

5Y10.37%

3Y16.35%

TTM14.54%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-40.62%

EPS CAGR

10Y-

5Y-

3Y-

TTM-31.07%

ROCE

10Y Avg-5.74%

5Y Avg-5.7%

3Y Avg-4.2%

Latest-5.17%

Peer Comparison

HR & Payroll Management

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DAYDayforce Inc	11.08B	69.25	629.55	16.27%	-7.91%	-5.56%	1.55%	0.48
WDAYWorkday, Inc.	41.05B	192.72	98.83	16.35%	6.95%	7.23%	5.33%	0.37
PCTYPaylocity Holding Corporation	7.7B	141.65	35.24	13.74%	13.75%	20.44%	4.45%	0.18
PAYCPaycom Software, Inc.	8.39B	152.78	17.13	11.19%	22.65%	26.51%	4.07%	0.05
LGCLLucas GC Limited Ordinary Shares	5.84M	2.09	0.10	-27.85%	4.63%	44.23%		0.26
ALITAlight, Inc.	831.22M	1.59	-5.48	-31.61%	-94.23%	-107.63%	15.76%	0.50
BLKBBlackbaud, Inc.	2.72B	56.93	-10.17	4.53%	-22.23%	-233.32%	10.6%	7.81
ASURAsure Software, Inc.	280.97M	10.12	-22.49	0.6%	-12.94%	-8.85%		0.09

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	26.91M	35.54M	54.44M	88.95M	73.15M	65.51M	76.06M	95.83M	119.08M	119.79M
Revenue Growth %	-0.01%	0.32%	0.53%	0.63%	-0.18%	-0.1%	0.16%	0.26%	0.24%	0.01%
Cost of Goods Sold+	7.34M	8.12M	12.62M	30.83M	29.84M	27.41M	29.5M	33.32M	33.55M	37.69M
COGS % of Revenue	0.27%	0.23%	0.23%	0.35%	0.41%	0.42%	0.39%	0.35%	0.28%	0.31%
Gross Profit+	19.57M	27.43M	41.82M	58.12M	43.31M	38.09M	46.56M	62.51M	85.54M	82.11M
Gross Margin %	0.73%	0.77%	0.77%	0.65%	0.59%	0.58%	0.61%	0.65%	0.72%	0.69%
Gross Profit Growth %	-0.06%	0.4%	0.52%	0.39%	-0.25%	-0.12%	0.22%	0.34%	0.37%	-0.04%
Operating Expenses+	19.88M	26.2M	42.82M	64.39M	93.71M	52.98M	59.38M	73.82M	88.54M	92.84M
OpEx % of Revenue	0.74%	0.74%	0.79%	0.72%	1.28%	0.81%	0.78%	0.77%	0.74%	0.78%
Selling, General & Admin	14.96M	21.05M	33.89M	47.33M	41.53M	37.48M	43.02M	54.18M	68.07M	68.81M
SG&A % of Revenue	0.56%	0.59%	0.62%	0.53%	0.57%	0.57%	0.57%	0.57%	0.57%	0.57%
Research & Development	3.05M	2.9M	4.46M	8.36M	5.35M	5.96M	5.41M	6.15M	6.85M	7.81M
R&D % of Revenue	0.11%	0.08%	0.08%	0.09%	0.07%	0.09%	0.07%	0.06%	0.06%	0.07%
Other Operating Expenses	-110K	2.25M	4.48M	8.69M	46.83M	9.55M	10.95M	13.49M	13.62M	16.22M
Operating Income+	-317K	1.23M	-1M	-6.26M	-50.4M	-14.89M	-12.81M	-11.31M	-3M	-10.74M
Operating Margin %	-0.01%	0.03%	-0.02%	-0.07%	-0.69%	-0.23%	-0.17%	-0.12%	-0.03%	-0.09%
Operating Income Growth %	-1.2%	4.87%	-1.81%	-5.26%	-7.05%	0.7%	0.14%	0.12%	0.73%	-2.58%
EBITDA+	2.69M	4.84M	5.06M	5.01M	-32.23M	1.28M	5.01M	9.1M	17.62M	-11.66M
EBITDA Margin %	0.1%	0.14%	0.09%	0.06%	-0.44%	0.02%	0.07%	0.09%	0.15%	-0.1%
EBITDA Growth %	-0.39%	0.8%	0.05%	-0.01%	-7.44%	1.04%	2.91%	0.82%	0.94%	-1.66%
D&A (Non-Cash Add-back)	3.01M	3.61M	6.06M	11.27M	18.16M	16.17M	17.82M	20.41M	20.62M	-921K
EBIT	-408K	1.23M	-1M	-10.74M	-15.34M	-14.75M	6.03M	-9.92M	-4.81M	-9.82M
Net Interest Income+	-1.11M	-2.01M	-4.63M	-8.62M	-16M	-1.22M	-2.04M	-4.44M	-4.3M	-111K
Interest Income	22K	10K	0	0	0	0	0	0	0	913K
Interest Expense	1.13M	2.01M	4.63M	8.62M	16M	1.22M	2.04M	4.44M	4.3M	1.02M
Other Income/Expense	-1.22M	-2.01M	-4.63M	-8.62M	-16M	-1.09M	16.81M	-3.05M	-6.11M	-103K
Pretax Income+	-1.54M	-783K	-5.63M	-14.78M	-66.4M	-15.97M	4M	-14.35M	-9.11M	-10.84M
Pretax Margin %	-0.06%	-0.02%	-0.1%	-0.17%	-0.91%	-0.24%	0.05%	-0.15%	-0.08%	-0.09%
Income Tax+	219K	189K	96K	-7.23M	-24.11M	337K	802K	112K	109K	933K
Effective Tax Rate %	1.14%	1.24%	1.02%	0.51%	-0.45%	1.02%	0.8%	1.01%	1.01%	1.09%
Net Income+	-1.76M	-972K	-5.72M	-7.55M	30M	-16.31M	3.19M	-14.47M	-9.21M	-11.77M
Net Margin %	-0.07%	-0.03%	-0.11%	-0.08%	0.41%	-0.25%	0.04%	-0.15%	-0.08%	-0.1%
Net Income Growth %	-5.71%	0.45%	-4.89%	-0.32%	4.97%	-1.54%	1.2%	-5.53%	0.36%	-0.28%
Net Income (Continuing)	-1.76M	-972K	-5.72M	-11.37M	-42.29M	-16.31M	3.19M	-14.47M	-9.21M	-11.77M
Discontinued Operations	0	0	0	3.83M	72.29M	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.28	-0.15	-0.53	-0.54	-2.73	-1.03	0.16	-0.72	-0.42	-0.45
EPS Growth %	-5.41%	0.46%	-2.53%	-0.02%	-4.06%	0.62%	1.16%	-5.5%	0.42%	-0.07%
EPS (Basic)	-0.28	-0.15	-0.53	-0.54	-2.73	-1.03	0.17	-0.72	-0.42	-0.45
Diluted Shares Outstanding	6.18M	6.53M	10.89M	14.01M	15.51M	15.91M	19.51M	20.12M	22.14M	26.05M
Basic Shares Outstanding	6.18M	6.48M	10.8M	14.01M	15.51M	15.91M	19.31M	20.12M	22.14M	26.05M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	7.81M	45.6M	86.58M	159.91M	169.47M	358.23M	249.83M	243.28M	267.22M	237.28M
Cash & Short-Term Investments	1.16M	12.77M	27.79M	15.44M	28.83M	28.58M	13.43M	17.01M	30.32M	21.43M
Cash Only	1.16M	12.77M	27.79M	15.44M	28.83M	28.58M	13.43M	17.01M	30.32M	21.43M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	4.67M	8.11M	13.36M	5.1M	10.61M	3.85M	5.31M	12.12M	14.2M	18.15M
Days Sales Outstanding	63.37	83.27	89.58	20.94	52.95	21.44	25.47	46.18	43.53	55.31
Inventory	784K	487K	509K	3.12M	656K	449K	246K	251K	155K	195K
Days Inventory Outstanding	38.99	21.9	14.72	36.9	8.03	5.98	3.04	2.75	1.69	1.89
Other Current Assets	0	22.98M	42.33M	136.61M	127.92M	321.07M	217.38M	213.89M	222.55M	197.5M
Total Non-Current Assets+	26.4M	40.22M	116.73M	201.19M	150.6M	157.19M	183.41M	176.63M	176.65M	207.33M
Property, Plant & Equipment	2.21M	1.88M	5.22M	8.95M	14.83M	14.73M	14.69M	18.5M	19.51M	23.71M
Fixed Asset Turnover	12.16x	18.93x	10.44x	9.94x	4.93x	4.45x	5.18x	5.18x	6.10x	5.05x
Goodwill	17.44M	26.26M	77.35M	111.39M	68.7M	73.96M	86.01M	86.01M	86.01M	94.72M
Intangible Assets	6.03M	12.05M	33.55M	76.76M	63.85M	64.55M	78.57M	66.59M	62.08M	69.11M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	729K	39K	614K	4.09M	3.22M	3.95M	4.14M	5.52M	9.05M	19.78M
Total Assets+	34.21M	85.82M	203.31M	361.1M	320.07M	515.42M	433.25M	419.91M	443.87M	436.64M
Asset Turnover	0.79x	0.41x	0.27x	0.25x	0.23x	0.13x	0.18x	0.23x	0.27x	0.27x
Asset Growth %	-0.01%	1.51%	1.37%	0.78%	-0.11%	0.61%	-0.16%	-0.03%	0.06%	-0.02%
Total Current Liabilities+	16.4M	41.39M	69.55M	148.47M	151.61M	350.02M	232.83M	235.18M	241.34M	223.64M
Accounts Payable	2.67M	1.58M	1.91M	2.94M	1.74M	1.29M	565K	2.19M	2.57M	1.36M
Days Payables Outstanding	132.77	70.87	55.3	34.87	21.24	17.15	6.99	24.04	27.96	13.21
Short-Term Debt	1.03M	5.46M	8.89M	4.73M	2.57M	14.14M	1.91M	4.11M	27K	7.01M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	713K	23.92M	43.19M	138.51M	133.67M	325.54M	221.49M	212.77M	226.54M	194.38M
Current Ratio	0.48x	1.10x	1.24x	1.08x	1.12x	1.02x	1.07x	1.03x	1.11x	1.06x
Quick Ratio	0.43x	1.09x	1.24x	1.06x	1.11x	1.02x	1.07x	1.03x	1.11x	1.06x
Cash Conversion Cycle	-30.42	34.3	49	22.97	39.73	10.27	21.52	24.89	17.25	43.99
Total Non-Current Liabilities+	14.09M	26.18M	69.98M	110.11M	30.88M	19.75M	42.18M	39.66M	10.87M	15.69M
Long-Term Debt	12.26M	24.58M	66.97M	106.63M	24.14M	12.22M	33.12M	30.8M	4.28M	5.71M
Capital Lease Obligations	0	0	0	0	5.94M	5.37M	4.75M	6.46M	4.64M	3.58M
Deferred Tax Liabilities	0	0	0	1.57M	336K	888K	1.59M	1.5M	1.73M	2.61M
Other Non-Current Liabilities	958K	835K	1.89M	3.48M	139K	1.16M	2.68M	114K	209K	358K
Total Liabilities	30.49M	67.58M	139.54M	258.58M	182.49M	369.77M	275M	274.84M	252.21M	239.32M
Total Debt+	13.69M	30.04M	75.87M	111.96M	34.23M	33.57M	41.32M	43.22M	10.44M	17.73M
Net Debt	12.53M	17.27M	48.08M	96.52M	5.4M	4.99M	27.9M	26.21M	-19.88M	-3.69M
Debt / Equity	3.68x	1.65x	1.19x	1.09x	0.25x	0.23x	0.26x	0.30x	0.05x	0.09x
Debt / EBITDA	5.08x	6.21x	15.00x	22.37x	-	26.20x	8.25x	4.75x	0.59x	-
Net Debt / EBITDA	4.65x	3.57x	9.50x	19.28x	-	3.90x	5.57x	2.88x	-1.13x	-
Interest Coverage	-0.28x	0.61x	-0.22x	-0.73x	-3.15x	-12.16x	-6.29x	-2.55x	-0.70x	-10.49x
Total Equity+	3.72M	18.25M	63.77M	102.52M	137.58M	145.65M	158.24M	145.07M	191.66M	197.31M
Equity Growth %	-0.17%	3.91%	2.5%	0.61%	0.34%	0.06%	0.09%	-0.08%	0.32%	0.03%
Book Value per Share	0.60	2.79	5.86	7.32	8.87	9.15	8.11	7.21	8.66	7.57
Total Shareholders' Equity	3.72M	18.25M	63.77M	102.52M	137.58M	145.65M	158.24M	145.07M	191.66M	197.31M
Common Stock	67K	89K	129K	157K	161K	193K	204K	206K	254K	267K
Retained Earnings	-270.9M	-271.88M	-277.6M	-283.64M	-253.64M	-269.95M	-266.76M	-281.23M	-290.44M	-307.23M
Treasury Stock	-5.02M	-5.02M	-5.02M	-5.02M	-5.02M	-5.02M	-5.02M	-5.02M	-5.02M	0
Accumulated OCI	-78K	5K	-63K	-906K	-25K	604K	-99K	-2.48M	-1.11M	-575K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.35M	-2.01M	-36K	-7.13M	-4.12M	2.23M	1.38M	13.67M	18.9M	9.39M
Operating CF Margin %	0.12%	-0.06%	-0%	-0.08%	-0.06%	0.03%	0.02%	0.14%	0.16%	0.08%
Operating CF Growth %	0.24%	-1.6%	0.98%	-197.03%	0.42%	1.54%	-0.38%	8.92%	0.38%	-0.5%
Net Income	-1.76M	-972K	-5.72M	-7.55M	30M	-16.31M	3.19M	-14.47M	-9.21M	-11.77M
Depreciation & Amortization	3.01M	3.61M	6.06M	12.93M	18.16M	16.17M	17.82M	20.41M	20.62M	23.53M
Stock-Based Compensation	409K	226K	593K	1.69M	2.27M	2.37M	2.99M	3.18M	5.43M	6.44M
Deferred Taxes	100K	265K	0	-7.08M	-1.19M	551K	707K	-92K	225K	884K
Other Non-Cash Items	32K	94K	495K	1.04M	-54.45M	1.33M	-8.54M	-622K	3.26M	-1.92M
Working Capital Changes	1.56M	-5.24M	-1.46M	-8.15M	1.1M	-1.87M	-14.79M	5.26M	-1.42M	-7.78M
Change in Receivables	524K	-3.4M	-4.1M	-1.72M	-1.45M	528K	-1.29M	-7.62M	-4.13M	-4M
Change in Inventory	-615K	297K	-17K	-2.95M	-1.58M	150K	142K	-14K	97K	-41K
Change in Payables	1.12M	-1.1M	-254K	1.59M	-3.17M	-676K	-725K	1.61M	376K	-1.21M
Cash from Investing+	-1.39M	-18.77M	-58.49M	-107.23M	85.63M	-19.41M	-36.97M	-36M	-29.52M	-19.26M
Capital Expenditures	-1.41M	-436K	-3.06M	-5.79M	-1.02M	-857K	-29.8M	-8.84M	-1.58M	-692K
CapEx % of Revenue	0.05%	0.01%	0.06%	0.07%	0.01%	0.01%	0.39%	0.09%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	18K	-6.34M	-10.04M	-34.45M	94.09M	-2.78M	-29.67M	-6.52M	-14.68M	-23.44M
Cash from Financing+	-1.14M	32.3M	73.54M	101.79M	-68.02M	208.1M	-90.65M	-12.38M	24.2M	-22.04M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-75K	21.32M	36.87M	72.28M	21.13M	190.08M	-106.1M	-11.19M	13.03M	-27.99M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.95M	-2.45M	-3.09M	-12.92M	-8.96M	-14.54M	-28.42M	4.84M	2.64M	-14.75M
FCF Margin %	0.07%	-0.07%	-0.06%	-0.15%	-0.12%	-0.22%	-0.37%	0.05%	0.02%	-0.12%
FCF Growth %	0.03%	-2.26%	-0.26%	-3.18%	0.31%	-0.62%	-0.95%	1.17%	-0.46%	-6.59%
FCF per Share	0.32	-0.37	-0.28	-0.92	-0.58	-0.91	-1.46	0.24	0.12	-0.57
FCF Conversion (FCF/Net Income)	-1.91x	2.07x	0.01x	0.94x	-0.14x	-0.14x	0.43x	-0.95x	-2.05x	-0.80x
Interest Paid	0	0	3.47M	7.82M	8.9M	1.03M	1.41M	3.4M	3.14M	0
Taxes Paid	0	0	23K	91K	126K	3.66M	366K	233K	432K	18K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-42.91%	-8.85%	-13.95%	-9.08%	24.99%	-11.52%	2.1%	-9.54%	-5.47%	-6.05%
Return on Invested Capital (ROIC)	-1.34%	3.56%	-1.02%	-3.02%	-22.1%	-7.61%	-5.71%	-4.75%	-1.31%	-4.41%
Gross Margin	72.72%	77.16%	76.82%	65.34%	59.21%	58.15%	61.22%	65.23%	71.83%	68.54%
Net Margin	-6.53%	-2.73%	-10.51%	-8.49%	41.01%	-24.9%	4.2%	-15.1%	-7.74%	-9.83%
Debt / Equity	3.68x	1.65x	1.19x	1.09x	0.25x	0.23x	0.26x	0.30x	0.05x	0.09x
Interest Coverage	-0.28x	0.61x	-0.22x	-0.73x	-3.15x	-12.16x	-6.29x	-2.55x	-0.70x	-10.49x
FCF Conversion	-1.91x	2.07x	0.01x	0.94x	-0.14x	-0.14x	0.43x	-0.95x	-2.05x	-0.80x
Revenue Growth	-1.1%	32.1%	53.18%	63.39%	-17.76%	-10.45%	16.12%	25.98%	24.27%	0.6%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
RecurringMember	-	-	-	71.08M	86.22M	99.73M	114.47M
RecurringMember Growth	-	-	-	-	21.31%	15.67%	14.78%
ProfessionalServicesRevenueMember	-	-	-	4.99M	9.61M	19.35M	5.32M
ProfessionalServicesRevenueMember Growth	-	-	-	-	92.66%	101.42%	-72.50%
Recurring revenue	-	70.07M	63.31M	-	-	-	-
Recurring revenue Growth	-	-	-9.64%	-	-	-	-
Professional Services Revenue	7.85M	3.08M	2.19M	-	-	-	-
Professional Services Revenue Growth	-	-60.70%	-28.92%	-	-	-	-
Cloud Revenue	68.89M	-	-	-	-	-	-
Cloud Revenue Growth	-	-	-	-	-	-	-
Hardware Revenue	6.28M	-	-	-	-	-	-
Hardware Revenue Growth	-	-	-	-	-	-	-
Maintenance Revenue	5.23M	-	-	-	-	-	-
Maintenance Revenue Growth	-	-	-	-	-	-	-
Other	715K	-	-	-	-	-	-
Other Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Asure Software, Inc. (ASUR) reported $132.0M in revenue for fiscal year 2024. This represents a 1107% increase from $10.9M in 2011.

Asure Software, Inc. (ASUR) grew revenue by 0.6% over the past year. Growth has been modest.

Asure Software, Inc. (ASUR) reported a net loss of $17.1M for fiscal year 2024.

Dividend & Returns

Asure Software, Inc. (ASUR) has a return on equity (ROE) of -6.1%. Negative ROE indicates the company is unprofitable.

Asure Software, Inc. (ASUR) generated $4.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.