Asure Software, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 04:06 pm
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Asure Software, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 23.83 million compared to USD 19.96 million a year ago. Revenue was USD 29.33 million compared to USD 21.9 million a year ago. Net loss was USD 2.21 million compared to USD 4.53 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.22 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to USD 0.22 a year ago.
For the nine months, sales was USD 74.75 million compared to USD 61.98 million a year ago. Revenue was USD 92.82 million compared to USD 66.54 million a year ago. Net loss was USD 5.63 million compared to USD 13.41 million a year ago. Basic loss per share from continuing operations was USD 0.27 compared to USD 0.67 a year ago. Diluted loss per share from continuing operations was USD 0.27 compared to USD 0.67 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.