Asure Software, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 07, 2022 at 04:16 pm EST
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Asure Software, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 19.96 million compared to USD 16.37 million a year ago. Revenue was USD 21.9 million compared to USD 17.98 million a year ago. Net loss was USD 4.53 million compared to net income of USD 5.33 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to basic earnings per share from continuing operations of USD 0.28 a year ago. Diluted loss per share from continuing operations was USD 0.22 compared to diluted earnings per share from continuing operations of USD 0.28 a year ago.
For the nine months, sales was USD 61.98 million compared to USD 51.69 million a year ago. Revenue was USD 66.54 million compared to USD 54.95 million a year ago. Net loss was USD 13.41 million compared to net income of USD 7.49 million a year ago. Basic loss per share from continuing operations was USD 0.67 compared to basic earnings per share from continuing operations of USD 0.39 a year ago. Diluted loss per share from continuing operations was USD 0.67 compared to diluted earnings per share from continuing operations of USD 0.39 a year ago.
Asure Software, Inc. is a provider of cloud-based Human Capital Management (HCM) software solutions delivered as Software-as-a-Service (SaaS) for small and medium-sized businesses. Its HCM suite, AsureHCM, includes cloud-based Payroll, Tax Services, and Time & Attendance software and Asure Marketplace as well as human resources (HR) services ranging from HR projects to completely outsourcing payroll and HR staff. AsureMarketplace automates interactions between its HCM systems with third-party providers and extend the range of services offered to employers and their employees. It offers these services directly and indirectly through its network of reseller partners. It provides three levels of HR services: HR support, which provides an on-demand HR resource library, phone and email support for any HR issues and compliance and policy updates; Strategic HR, which provides more in-depth support for strategic HR decision making, and Total HR that offers a complete HR outsourcing solution.
ASURE SOFTWARE, INC. 
