ASURE SOFTWARE, INC. “I am very pleased with the way our business performed in the first quarter as we delivered solid execution of our 2022 business plan,” said Chairman and CEO,
“This year is proving very productive for us and we have already delivered numerous meaningful achievements. These include launching of several innovative initiatives, such as our
First Quarter 2022 Key Highlights
- Revenue of
$24.3 million , up 23% year-over-year - Non-GAAP EBITDA of
$4.0 million , up 18% year-over-year - Non-GAAP net income of
$2.2 million , consistent with prior year’s quarter - Total bookings were up 43% year-over-year
| (unaudited) | Three Months Ended | ||||||||
| in thousands, except per share data | Variance | ||||||||
| REVENUE | |||||||||
| GAAP Revenue | $ | 24,333 | $ | 19,802 | 23% | ||||
| GROSS PROFIT | |||||||||
| GAAP Gross Profit | $ | 15,464 | $ | 12,492 | 24% | ||||
| GAAP Gross Margin | 64% | 63% | n/a | ||||||
| Non-GAAP Gross Profit | $ | 16,700 | $ | 13,656 | 22% | ||||
| Non-GAAP Gross Margin | 69% | 69% | n/a | ||||||
| EARNINGS | |||||||||
| GAAP Net loss | $ | (3,017 | ) | $ | (1,598 | ) | (89)% | ||
| GAAP Net loss per share | $ | (0.15 | ) | $ | (0.08 | ) | (88)% | ||
| Non-GAAP Net income | $ | 2,193 | $ | 2,242 | (2)% | ||||
| Non-GAAP Net income per share | $ | 0.11 | $ | 0.12 | (8)% | ||||
| EBITDA | |||||||||
| EBITDA | $ | 2,585 | $ | 2,594 | 0% | ||||
| EBITDA Margin | 11% | 13% | n/a | ||||||
| Non-GAAP EBITDA | $ | 4,036 | $ | 3,422 | 18% | ||||
| Non-GAAP EBITDA Margin | 17% | 17% | n/a | ||||||
- NM indicates Not Meaningful Information
- Non-GAAP financial measures are reconciled to GAAP in the tables set forth in this release
- Note that first quarters are seasonally strong as recurring year-end W2/ACA revenue is recognized in this period
Financial Commentary
“Asure generated strong financial results with revenues growing 23% and non-GAAP EBITDA growing 18% relative to prior year”, said CFO
“We have raised the low end of our revenue guidance as our visibility improves and we successfully execute against our business objectives. Our new range for 2022 revenues is
Asure’s new
This initiative is made possible with updates to our technology and execution of an ‘API-first’ development strategy. “The infrastructure work we did in 2021 around APIs has set us up to take advantage of new sales channels and really capitalize on some large strategic partnerships that will drive high margin revenue,” said
One of the marketplace’s featured integrations is with Equifax and their employment verification product, The Work Number. This partnership will free Asure’s clients from the burden of manually verifying loan or benefits applications while employees may receive decisions faster without being asked to manually provide sensitive income & employment materials to third-party verifiers. “The Equifax partnership is a win-win-win for our clients, their employees, and our shareholders” added Goepel.
Asure’s Payroll Fintech Powers New Treasury System to Deliver Added Value to Business Customers
“Automating the ins and outs of money movement and the reconciliation of payroll funds in our new Treasury System sets us up to take advantage of the fintech megatrends shaping the future of payroll like same-day-pay, alternate currencies, and an Asure Wallet,” said
Asure’s Treasury System provides real-time visibility into the
Asure Accelerates Operating Scale with Advanced Robotic Process Automation (RPA) That Improves Customer Satisfaction, Speed, and Efficiency of Payroll Operations
These leading automation platforms provide Robotic Process Automation (RPA) capabilities that we expect to accelerate Asure’s HCM platform integration, streamline workflows, and further automate the end-to-end processes of Asure’s Payroll, HR, Tax Management, and money-movement services.
We expect the integration with Automation™ Anywhere allows RPA software bots to scale our resources, increase speed and accuracy, improve the customer experience, and ensure compliance and auditability. Asure is first building these bots to improve internal effectiveness and expects to soon offer a “Bot Library” to help its resellers take advantage of all these automation benefits.
The integration with Workato takes RPA to another level by providing advanced API integrations and workflows that enable more backend power to Asure’s automation strategy. These tools speed the onboarding process and make for a better customer experience due to seamless integration with front-end and back-end platforms.
“Automating processes in Payroll, HR, Tax, and money-movement is dramatically improving our productivity and our customer’s experience all at the same time,” said,
Guidance
We are providing the following guidance for the remainder of 2022. This outlook is offered with the backdrop of a stabilizing but still challenging environment to predict future economic results given fluctuations in employment trends, COVID-19 and the other political and economic challenges of today and considers the impact of recent acquisitions.
| Q2-22 | Q3-22 | Q4-22 | 2022 | |||||
| Revenue | $ | 20.0M - 20.5M | $ | 21.0M - 21.5M | $ | 23.0M - 23.5M | $ | 88.0M - 90.0M |
| Non-GAAP EBITDA | $ | 0.25M - 0.75M | $ | 1.25M - 1.75M | $ | 3.0M - 3.5M | $ | 8.5M - 10.0M |
| Non-GAAP EPS | $ | (0.10) - (0.07) | $ | (0.05) - (0.02) | $ | (0.01) - 0.01 | $ | (0.05) - 0.02 |
Conference Call Details
Asure management will host a conference call
About
Asure (Nasdaq: ASUR) is a leading provider of HCM software solutions. We help small and mid-sized companies grow by assisting them in building better teams with skills to stay compliant with ever-changing federal, state, and local tax jurisdictions and labor laws, and better allocate cash so they can spend their financial capital on growing their business rather than back-office overhead expenses. Asure’s
Non-GAAP Financial Measures
This press release includes information about Non-GAAP Net Income (Loss), Non-GAAP Net Income (Loss) per share, Non-GAAP tax rates, Non-GAAP gross profit, EBITDA, EBITDA margin, Non-GAAP EBITDA, and Non-GAAP EBITDA margin (collectively the “Non-GAAP financial measures”). These Non-GAAP financial measures are measurements of financial performance that are not prepared in accordance with
EBITDA differs from GAAP Net Income (Loss) in that it excludes items such as interest, tax, depreciation, and amortization. Asure is unable to predict with reasonable certainty the ultimate outcome of these exclusions without unreasonable effort.
Non-GAAP EBITDA differs from EBITDA in that it excludes share-based compensation, and one-time expenses. Asure is unable to predict with reasonable certainty the ultimate outcome of these exclusions without unreasonable effort.
Non-GAAP Net Income (Loss) per share differs from GAAP Net Income (Loss) per share in that it assumes a 0% Non-GAAP tax rate, uses diluted share counts, and excludes items such as amortization, share-based compensation, and one-time expenses.
Non-GAAP gross profit differs from GAAP gross profit in that it excludes amortization, share-based compensation, and one-time items.
All Non-GAAP measures presented as “margin” are computed by dividing the applicable Non-GAAP financial measure by total revenue.
Management uses both GAAP and Non-GAAP measures when planning, monitoring, and evaluating the Company’s performance.
The primary purpose of using Non-GAAP measures is to provide supplemental information that may prove useful to investors and to enable investors to evaluate the Company’s results in the same way management does.
Management believes that supplementing GAAP disclosure with Non-GAAP disclosure provides investors with a more complete view of the Company’s operational performance and allows for meaningful period-to-period comparisons and analysis of trends in the Company’s business. Further, to the extent that other companies use similar methods in calculating Non-GAAP measures, the provision of supplemental Non-GAAP information can allow for a comparison of the Company’s relative performance against other companies that also report Non-GAAP operating results.
Specifically, management is excluding the following items from its Non-GAAP earnings per share, as applicable, for the periods presented in the first quarter 2022 financial statements:
Share-Based Compensation Expenses. The Company’s compensation strategy includes the use of share-based compensation to attract and retain employees and executives. It is principally aimed at aligning their interests with those of our stockholders and at long-term employee retention, rather than to motivate or reward operational performance for any particular period. Thus, share-based compensation expense varies for reasons that are generally unrelated to operational decisions and performance in any particular period.
Amortization of Purchased Intangibles. The Company views amortization of acquisition-related intangible assets, such as the amortization of the cost associated with an acquired company’s research and development efforts, trade names, customer lists and customer relationships, and acquired lease intangibles, as items arising from pre-acquisition activities determined at the time of an acquisition. While these intangible assets are continually evaluated for impairment, amortization of the cost of purchased intangibles is a static expense, one that is not typically affected by operations during any particular period.
Income Tax Effects and Adjustments. Beginning in first quarter 2018, the Company started using a fixed projected Non-GAAP tax rate in order to provide better consistency across the interim reporting periods by eliminating the effects of items such as changes in the tax valuation allowance and non-cash tax effects of acquired goodwill and amortization, since each of these can vary in size and frequency. This tax rate could be subject to change for a variety of reasons, such as significant changes in the acquisition activity or fundamental tax law changes in major jurisdictions where the Company operates. The Company re-evaluates this tax rate on an annual basis or when any significant events that may materially affect this rate occur. The Non-GAAP tax rate is currently projected to be approximately zero (0.0) percent.
Amortization of
Use of Forward-Looking Statements
This press release contains forward-looking statements about our financial results, which may include expected GAAP and Non-GAAP financial and other operating and non-operating results, including revenue, net income, diluted earnings per share, operating cash flow growth, operating margin improvement, deferred revenue growth, expected revenue run rate, expected tax rates, share-based compensation expenses, amortization of purchased intangibles, amortization of debt discount and shares outstanding. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions, over many of which the Company has no control. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, the Company’s results could differ materially from the results expressed or implied by the forward-looking statements we make.
The risks and uncertainties referred to above include—but are not limited to—risks associated with possible fluctuations in the Company’s financial and operating results; the Company’s rate of growth and anticipated revenue run rate, including impact of the current environment, the spread of major epidemics (including COVID-19) and other related uncertainties such as government-imposed travel restrictions, interruptions to supply chains and extended shut down of businesses, political unrest, including the current issues between
The forward-looking statements, including the financial guidance and 2022 outlook, contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.
© 2022
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
| ASSETS | (unaudited) | ||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 12,054 | $ | 13,427 | |||
| Accounts receivable, net | 6,608 | 5,308 | |||||
| Inventory | 286 | 246 | |||||
| Prepaid expenses and other current assets | 10,635 | 13,475 | |||||
| Total current assets before funds held for clients | 29,583 | 32,456 | |||||
| Funds held for clients | 238,679 | 217,376 | |||||
| Total current assets | 268,262 | 249,832 | |||||
| Property and equipment, net | 8,664 | 8,945 | |||||
| 86,011 | 86,011 | ||||||
| Intangible assets, net | 77,205 | 78,573 | |||||
| Operating lease assets, net | 5,315 | 5,748 | |||||
| Other assets, net | 4,406 | 4,136 | |||||
| Total assets | $ | 449,863 | $ | 433,245 | |||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||
| Current liabilities: | |||||||
| Current portion of notes payable | $ | 1,773 | $ | 1,907 | |||
| Accounts payable | 1,619 | 565 | |||||
| Accrued compensation and benefits | 2,720 | 3,568 | |||||
| Operating lease liabilities, current | 1,380 | 1,551 | |||||
| Other accrued liabilities | 2,967 | 2,436 | |||||
| Contingent purchase consideration | 1,905 | 1,905 | |||||
| Deferred revenue | 1,626 | 3,750 | |||||
| Total current liabilities before client fund obligations | 13,990 | 15,682 | |||||
| Client fund obligations | 238,440 | 217,144 | |||||
| Total current liabilities | 252,430 | 232,826 | |||||
| Long-term liabilities: | |||||||
| Deferred revenue | 23 | 36 | |||||
| Deferred tax liability | 1,617 | 1,595 | |||||
| Notes payable, net of current portion | 33,977 | 33,120 | |||||
| Operating lease liabilities, noncurrent | 4,440 | 4,746 | |||||
| Contingent purchase consideration | 2,424 | 2,424 | |||||
| Other liabilities | 62 | 258 | |||||
| Total long-term liabilities | 42,543 | 42,179 | |||||
| Total liabilities | 294,973 | 275,005 | |||||
| Stockholders’ equity: | |||||||
| Preferred stock | — | — | |||||
| Common stock | 205 | 204 | |||||
| (5,017 | ) | (5,017 | ) | ||||
| Additional paid-in capital | 430,641 | 429,912 | |||||
| Accumulated deficit | (269,777 | ) | (266,760 | ) | |||
| Accumulated other comprehensive income | (1,162 | ) | (99 | ) | |||
| Total stockholders’ equity | 154,890 | 158,240 | |||||
| Total liabilities and stockholders’ equity | $ | 449,863 | $ | 433,245 | |||
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(in thousands, except per share amounts)
(unaudited)
| Three Months Ended | |||||||
| 2022 | 2021 | ||||||
| Revenue: | |||||||
| Recurring | $ | 23,004 | $ | 19,242 | |||
| Professional services, hardware and other | 1,329 | 560 | |||||
| Total revenue | 24,333 | 19,802 | |||||
| Cost of Sales | 8,869 | 7,310 | |||||
| Gross profit | 15,464 | 12,492 | |||||
| Operating expenses: | |||||||
| Sales and marketing | 4,897 | 3,611 | |||||
| General and administrative | 7,485 | 6,498 | |||||
| Research and development | 1,821 | 1,124 | |||||
| Amortization of intangible assets | 3,432 | 2,528 | |||||
| Total operating expenses | 17,635 | 13,761 | |||||
| Loss from operations | (2,171 | ) | (1,269 | ) | |||
| Interest expense and other, net | (816 | ) | (224 | ) | |||
| Loss from operations before income taxes | (2,987 | ) | (1,493 | ) | |||
| Income tax expense | 30 | 105 | |||||
| Net loss | (3,017 | ) | (1,598 | ) | |||
| Other comprehensive loss: | |||||||
| Unrealized loss on marketable securities | (1,063 | ) | (139 | ) | |||
| Comprehensive loss | $ | (4,080 | ) | $ | (1,737 | ) | |
| Basic and diluted loss per share | |||||||
| Basic | $ | (0.15 | ) | $ | (0.08 | ) | |
| Diluted | $ | (0.15 | ) | $ | (0.08 | ) | |
| Weighted average basic and diluted shares | |||||||
| Basic | 20,041 | 19,007 | |||||
| Diluted | 20,041 | 19,007 | |||||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
| Three Months Ended | |||||||
| 2022 | 2021 | ||||||
| Cash flows from operating activities: | |||||||
| Net loss | $ | (3,017 | ) | $ | (1,598 | ) | |
| Adjustments to reconcile loss to net cash provided by (used in) operations: | |||||||
| Depreciation and amortization | 4,754 | 3,862 | |||||
| Amortization of operating lease assets | 430 | 421 | |||||
| Amortization of debt financing costs and discount | 164 | 30 | |||||
| Net amortization of premiums and accretion of discounts on available-for-sale securities | 118 | 48 | |||||
| (Recovery of) provision for doubtful accounts | (48 | ) | 1 | ||||
| Provision for deferred income taxes | 22 | 98 | |||||
| Net realized gains on sales of available-for-sale securities | (203 | ) | (153 | ) | |||
| Share-based compensation | 729 | 626 | |||||
| Loss on disposals of long-term assets | 1 | — | |||||
| Changes in operating assets and liabilities: | |||||||
| Accounts receivable | (1,252 | ) | (947 | ) | |||
| Inventory | (40 | ) | 46 | ||||
| Prepaid expenses and other assets | 2,756 | (43 | ) | ||||
| Operating lease assets | 2 | (324 | ) | ||||
| Accounts payable | 1,072 | (538 | ) | ||||
| Accrued expenses and other long-term obligations | (345 | ) | 9 | ||||
| Operating lease liabilities | (476 | ) | (138 | ) | |||
| Deferred revenue | (2,137 | ) | (2,761 | ) | |||
| Net cash provided by (used in) operating activities | 2,530 | (1,361 | ) | ||||
| Cash flows from investing activities: | |||||||
| Acquisition of intangible asset | (1,970 | ) | — | ||||
| Purchases of property and equipment | (55 | ) | (48 | ) | |||
| Software capitalization costs | (691 | ) | (1,233 | ) | |||
| Purchases of available-for-sale securities | (4,504 | ) | — | ||||
| Proceeds from sales and maturities of available-for-sale securities | 501 | 1,926 | |||||
| Net cash (used in) provided by investing activities | (6,719 | ) | 645 | ||||
| Cash flows from financing activities: | |||||||
| Payments of notes payable | — | (2,186 | ) | ||||
| Net proceeds from issuance of common stock | — | 108 | |||||
| Net change in client fund obligations | 21,296 | (66,337 | ) | ||||
| Net cash provided by (used in) financing activities | 21,296 | (68,415 | ) | ||||
| Net increase (decrease) in cash and cash equivalents | 17,107 | (69,131 | ) | ||||
| Cash, cash equivalents, and restricted cash equivalents, beginning of period | 198,743 | 324,985 | |||||
| Cash, cash equivalents, and restricted cash equivalents, end of period | $ | 215,850 | $ | 255,854 | |||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
(in thousands)
(unaudited)
| Three Months Ended | |||||||
| 2022 | 2021 | ||||||
| Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents to the Condensed Consolidated Balance Sheets | |||||||
| Cash, cash equivalents, and restricted cash | $ | 12,054 | $ | 24,290 | |||
| Restricted cash and restricted cash equivalents included in funds held for clients | 203,796 | 231,564 | |||||
| Total cash, cash equivalents restricted cash, and restricted cash equivalents | $ | 215,850 | $ | 255,854 | |||
| Supplemental information: | |||||||
| Cash paid for interest | $ | 684 | $ | 219 | |||
| Cash (refunded) paid for income taxes | (14 | ) | 183 | ||||
| Non-cash investing and financing activities: | |||||||
| Contingent purchase consideration issued for acquisitions | — | — | |||||
| Notes payable issued for acquisitions | 411 | — | |||||
| Stock issuance for acquisitions | — | — | |||||
RECONCILIATION OF GAAP TO NON-GAAP
(in thousands, except per share amounts)
| Q1-22 | Q4-21 | Q3-21 | Q2-21 | Q1-21 | Q4-20 | Q3-20 | Q2-20 | ||||||||||||||||||
| Total Revenue | $ | 24,333 | $ | 21,113 | $ | 17,981 | $ | 17,168 | $ | 19,802 | $ | 16,430 | $ | 16,015 | $ | 14,115 | |||||||||
| GAAP to Non-GAAP Gross Profit | |||||||||||||||||||||||||
| GAAP Gross Profit | $ | 15,464 | $ | 13,259 | $ | 10,868 | $ | 9,945 | $ | 12,492 | $ | 9,806 | $ | 9,073 | $ | 8,107 | |||||||||
| GAAP Gross Margin | 64 | % | 63 | % | 60 | % | 58 | % | 63 | % | 60 | % | 57 | % | 57 | % | |||||||||
| Share-based Compensation | 83 | 46 | 45 | 38 | 23 | 24 | 33 | 21 | |||||||||||||||||
| Depreciation | 857 | 685 | 710 | 973 | 762 | 703 | 787 | 537 | |||||||||||||||||
| Amortization - intangibles | 296 | 354 | 379 | 379 | 379 | 379 | 397 | 397 | |||||||||||||||||
| One Time Product Royalties | — | — | — | — | — | — | — | 67 | |||||||||||||||||
| Non-GAAP Gross Profit | $ | 16,700 | $ | 14,344 | $ | 12,002 | $ | 11,335 | $ | 13,656 | $ | 10,912 | $ | 10,290 | $ | 9,129 | |||||||||
| Non-GAAP Gross Margin | 69 | % | 68 | % | 67 | % | 66 | % | 69 | % | 66 | % | 64 | % | 65 | % | |||||||||
| GAAP Net (loss) income to Non-GAAP EBITDA | |||||||||||||||||||||||||
| GAAP Net (loss) income | $ | (3,017 | ) | $ | (4,301 | ) | $ | 5,328 | $ | 3,764 | $ | (1,598 | ) | $ | (5,841 | ) | $ | (4,759 | ) | $ | (3,944 | ) | |||
| Interest Expense & Other, Net | 816 | 1,061 | 530 | 223 | 224 | 279 | 408 | 164 | |||||||||||||||||
| Taxes based on a 0% tax rate | 30 | 139 | 260 | 298 | 105 | 266 | (325 | ) | 377 | ||||||||||||||||
| Depreciation | 1,027 | 846 | 872 | 1,136 | 956 | 934 | 1,043 | 793 | |||||||||||||||||
| Amortization - intangibles | 3,729 | 3,711 | 2,912 | 2,907 | 2,907 | 2,804 | 2,821 | 2,746 | |||||||||||||||||
| EBITDA | $ | 2,585 | $ | 1,456 | $ | 9,902 | $ | 8,328 | $ | 2,594 | $ | (1,558 | ) | $ | (812 | ) | $ | 136 | |||||||
| EBITDA Margin | 11 | % | 7 | % | 55 | % | 49 | % | 13 | % | (9 | )% | (5 | )% | 1 | % | |||||||||
| Share-based Compensation | 729 | 821 | 784 | 760 | 626 | 631 | 707 | 588 | |||||||||||||||||
| One Time Expenses | 722 | 128 | 1,075 | 630 | 202 | 2,071 | 1,117 | 685 | |||||||||||||||||
| Employee Retention Tax Credit | — | — | (10,533 | ) | — | — | — | — | — | ||||||||||||||||
| PPP Loan Extinguishment Gain | — | — | — | (8,654 | ) | — | — | — | — | ||||||||||||||||
| Non-GAAP EBITDA | $ | 4,036 | $ | 2,405 | $ | 1,228 | $ | 1,064 | $ | 3,422 | $ | 1,144 | $ | 1,012 | $ | 1,409 | |||||||||
| Non-GAAP EBITDA Margin | 17 | % | 11 | % | 7 | % | 6 | % | 17 | % | 7 | % | 6 | % | 10 | % | |||||||||
| GAAP Net (loss) income to Non-GAAP Net income (loss) | |||||||||||||||||||||||||
| GAAP Net (loss) income | $ | (3,017 | ) | $ | (4,301 | ) | $ | 5,328 | $ | 3,764 | $ | (1,598 | ) | $ | (5,841 | ) | $ | (4,759 | ) | $ | (3,944 | ) | |||
| Share Count | 20,041 | 19,974 | 19,182 | 19,040 | 19,007 | 16,258 | 15,873 | 15,779 | |||||||||||||||||
| GAAP EPS | $ | (0.15 | ) | $ | (0.22 | ) | $ | 0.28 | $ | 0.20 | $ | (0.08 | ) | $ | (0.36 | ) | $ | (0.30 | ) | $ | (0.25 | ) | |||
| Share-based Compensation | 729 | 821 | 784 | 760 | 626 | 631 | 707 | 588 | |||||||||||||||||
| Amortization - intangibles | 3,729 | 3,711 | 2,912 | 2,907 | 2,907 | 2,804 | 2,821 | 2,746 | |||||||||||||||||
| One Time Expenses | 722 | 128 | 1,075 | 854 | 202 | 2,071 | 1,117 | 685 | |||||||||||||||||
| Employee Retention Tax Credit | — | — | (10,533 | ) | — | — | — | — | — | ||||||||||||||||
| PPP Loan Extinguishment Gain | — | — | — | (8,654 | ) | — | — | — | — | ||||||||||||||||
| Taxes based on a 0% tax rate | 30 | 139 | 260 | 298 | 105 | 266 | (325 | ) | 377 | ||||||||||||||||
| Non-GAAP Net income (loss) | $ | 2,193 | $ | 498 | $ | (174 | ) | $ | (71 | ) | $ | 2,242 | $ | (69 | ) | $ | (439 | ) | $ | 452 | |||||
| Share Count | 20,201 | 20,133 | 19,182 | 19,040 | 19,200 | 16,258 | 15,873 | 15,899 | |||||||||||||||||
| Non-GAAP EPS | $ | 0.11 | $ | 0.02 | $ | (0.01 | ) | $ | 0.00 | $ | 0.12 | $ | 0.00 | $ | (0.03 | ) | $ | 0.03 | |||||||
| Investor Relations Contact |
| Vice President, Investor Relations, Financial Planning & Analysis |
| 512-859-3562 |
| randal.rudniski@asuresoftware.com |
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