Asure Software Inc income statement
In fiscal 2023, Asure Software Inc reported revenue of $119m, up 24.3% on the year before, operating income of −$3.0m (a -2.5% margin) and net income of −$9.2m, or −$0.42 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | LTMSept 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10 | 11 | 20 | 25 | 27 | 27 | 36 | 54 | 89 | 73 | 66 | 76 | 96 | 119 | 115 |
| Cost of revenue | 2 | 2 | 5 | 6 | 6 | 7 | 8 | 13 | 24 | 30 | 27 | 30 | 33 | 34 | 36 |
| Gross profit | 8 | 9 | 15 | 19 | 21 | 20 | 27 | 42 | 40 | 43 | 38 | 47 | 63 | 86 | 79 |
| Research and development | 1 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 6 | 5 | 6 | 5 | 6 | 7 | 7 |
| Selling, general and administrative | 6 | 6 | 12 | 13 | 14 | 15 | 21 | 34 | 37 | 42 | 36 | — | — | — | — |
| Selling and marketing | — | — | — | — | — | — | — | — | — | — | — | 15 | 20 | 29 | 28 |
| General and administrative | — | — | — | — | — | — | — | — | — | — | — | 28 | 34 | 39 | 40 |
| Operating income | −1 | 0 | −1 | 1 | 2 | −0 | 1 | −1 | −11 | −50 | −15 | −13 | −11 | −3 | −12 |
| Interest expense | 0 | 0 | 1 | 2 | 1 | 1 | 2 | 5 | 9 | 16 | 2 | — | — | 6 | 1 |
| Net interest income | — | — | — | — | −0 | 0 | 0 | — | — | — | −1 | −2 | −4 | −4 | — |
| Income before tax | −1 | −1 | −3 | −2 | −0 | −2 | −1 | −6 | −19 | −66 | −16 | 4 | −14 | −9 | −12 |
| Income tax | −0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −8 | −24 | 0 | 1 | 0 | 0 | 0 |
| Net income | −1 | −1 | −3 | −2 | −0 | −2 | −1 | −6 | −8 | 30 | −16 | 3 | −14 | −9 | −12 |
| Diluted EPS | −$0.25 | −$0.14 | −$0.60 | −$0.29 | −$0.04 | −$0.28 | −$0.15 | −$0.53 | −$0.54 | $1.93 | −$1.03 | $0.16 | −$0.72 | −$0.42 | −$0.48 |
| Diluted shares (average) | 5m | 5m | 5m | 6m | 6m | 6m | 7m | 11m | 14m | 16m | 16m | 20m | 20m | 22m | 25m |
| EBITDA | −0 | 1 | 2 | 4 | 4 | 3 | 5 | 5 | 2 | −32 | −0 | 3 | 7 | 16 | 9 |
| Quarter | 2024 Q2Jun 2024 | 2024 Q3Sept 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 28 | 29 | 35 | 30 | 36 | 43 | 37 | 40 |
| Cost of revenue | 9 | 10 | 10 | 10 | 13 | 12 | 12 | 12 |
| Gross profit | 19 | 20 | 25 | 20 | 24 | 30 | 25 | 28 |
| Research and development | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 |
| Selling and marketing | 7 | 7 | 8 | 8 | 9 | 9 | 9 | 9 |
| General and administrative | 10 | 10 | 12 | 11 | 12 | 13 | 12 | 13 |
| Operating income | −4 | −4 | −2 | −5 | −3 | 2 | −2 | 1 |
| Interest expense | 0 | 0 | 0 | 1 | 2 | 2 | 2 | 2 |
| Income before tax | −4 | −4 | −2 | −5 | −5 | 1 | −4 | −1 |
| Income tax | 0 | 0 | 0 | 1 | 0 | 0 | 0 | −0 |
| Net income | −4 | −4 | −2 | −6 | −5 | 1 | −4 | −1 |
| Diluted EPS | −$0.17 | −$0.15 | −$0.09 | −$0.22 | −$0.19 | $0.02 | −$0.15 | −$0.02 |
| EBITDA | 1 | 2 | 4 | 2 | 4 | 9 | 5 | 8 |
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