Asure Software (NASDAQ: ASURE)

 Research Report

Asure Software, Inc., headquartered in Austin, Texas, is a provider of workplace optimization software, a multibillion-dollar market. Its clients range from small and mid-sized businesses to large multinationals. Recurring payments from clients represent 80% of Asure’s revenue base as of September 30, 2012 . As a high fixed-cost business, Asure maintains a barrier of entry over its competition and will see substantial margin improvement once this level is overcome. The Company has issued guidance of 81% to 85% revenue growth for fiscal 2012. Gross margin is expected to be 75%. New management took over the Company in late 2009. Through the divestiture of non-performing business lines and other cost control measures, in combination with several strategic acquisitions, management has moved the Company from a substantial operating loss to profitability on an EBITDA basis. As of November 28, Asure traded at only 13.1x its estimated 2012 free cash flow per share, a substantial discount to its peer group average of 83.9x.

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Investment Highlights
Company Name Asure Software
Market/Symbol NASDAQ: ASUR
Recent Price
Market Cap $52.44M
Avg. Daily Vol. (3m) 49,911
Price/Book N/A
Price/Cash Flow 85x
As of Dec. 7, 2016
*Source: QuoteMedia


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Recent Company Videos


Asure Software: Meeting the Needs of a Changing Workforce

Apr. 27, 2015

Asure Software (NASDAQ: ASUR) - Presentation and Q/A session recorded at the April 2015 RedChip Global Online CEO Conference. Asure helps companies ...


Investment Highlights


Blue-chip clients, including GE, Microsoft, Dell, McDonald's, etc.

Products addressing multibillion-dollar market opportunity

High fixed-cost business creates barrier to entry, and once costs are surpassed, substantial margin improvement

Historical net operating loss estimated to reduce tax burden through 2027; based on DCF model, NPV of loss estimated to be $8 million+ asset

Asure Software Latest News


Ask the CEO



Meet The Management Team

Pat Goepel

Chief Executive Officer

Steven W Rodriguez

Chief Operating Officer

Jennifer Crow

Chief Financial Officer

Jennifer Roth

Vice President of Marketing

Nigel Clarke

Vice President & General Manager, EMEA & APAC

Joe Karbowski

Vice President of Technology & Development, AsureSpace

Mike Kinney

Vice President Sales, AsureSpace

Jason Main

Vice President of Product Management

Sean Mulvey

Vice President of Client Success, AsureSpace

Jeff Roof

Vice President of Product Management, AsureSpace

Chuck Schneider

Vice President of Client Services, AsureSpace

Greg Sokolosky

Vice President Sales, AsureForce

ASUR Research

3Q12 Revenue Up 126% YoY; Cloud Bookings Increase 22% YoY. Asure Software, Inc. (“ASUR” or the “Company”) a provider of cloud based workplace optimization software, continued to report… Read More

Nov. 27, 2012

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