Asure Software was founded in 1994 and is headquartered in Austin, US

CEO & Board Of Directors

Asure Software has offices in Austin, Tampa, Henderson, Vernon Hills and in 2 other locations

Austin, US (HQ)

110 Wild Basin Rd S

Surrey, GB

31 Church Rd

London, GB

Sutherland House 3 Lloyd's Ave

Vernon Hills, US

945 Lakeview Pkwy

Henderson, US

24a 8905 S Pecos Rd

Tampa, US

1501 S Church Ave

Asure Software's revenue was reported to be $10.7 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 10.7 m |

## Gross profit (Q1, 2017) | 8.3 m |

## Gross profit margin (Q1, 2017), % | 77% |

## Net income (Q1, 2017) | (1.1 m) |

## EBIT (Q1, 2017) | (370 k) |

## Market capitalization (21-Jul-2017) | 116.8 m |

## Cash (31-Mar-2017) | 2.3 m |

Asure Software's current market capitalization is $116.8 m.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 25.5 m | 27.2 m | 26.9 m | 35.5 m |

## Revenue growth, % | 7% | (1%) | 32% | |

## Cost of goods sold | 6.4 m | 6.3 m | 7.3 m | 8.1 m |

## Gross profit | 19 m | 20.9 m | 19.6 m | 27.4 m |

## Gross profit Margin, % | 75% | 77% | 73% | 77% |

## R&D expense | 2.9 m | |||

## General and administrative expense | 21 m | |||

## Operating expense total | 11.8 m | 13 m | 12.5 m | 26.2 m |

## EBIT | 782 k | 1.6 m | (317 k) | 1.2 m |

## EBIT margin, % | 3% | 6% | (1%) | 3% |

## Interest income | 49 k | 1 k | 22 k | 10 k |

## Income tax expense | (117 k) | (117 k) | (219 k) | (189 k) |

## Net Income | (1.7 m) | (262 k) | (1.8 m) | (972 k) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 6.5 m | 7 m | 6.3 m | 7.2 m | 6.7 m | 6.7 m | 9.7 m | 9.4 m | 10.7 m |

## Cost of goods sold | 1.4 m | 1.6 m | 1.7 m | 1.9 m | 1.8 m | 1.7 m | 2.2 m | 2 m | 2.4 m |

## Gross profit | 5.2 m | 5.4 m | 4.7 m | 5.3 m | 4.9 m | 5 m | 7.5 m | 7.4 m | 8.3 m |

## Gross profit Margin, % | 79% | 77% | 74% | 74% | 74% | 74% | 77% | 79% | 77% |

## R&D expense | 855 k | 868 k | 738 k | 743 k | 786 k | 811 k | 645 k | 761 k | 769 k |

## General and administrative expense | 3.5 m | 3.6 m | 3.4 m | 3.6 m | 3.9 m | 4.3 m | 5.5 m | 5 m | 7 m |

## Operating expense total | 4.4 m | 4.4 m | 4.2 m | 4.4 m | 4.7 m | 5.1 m | 6.1 m | 5.8 m | 7.8 m |

## EBIT | 328 k | 520 k | (12 k) | 421 k | (253 k) | (523 k) | 737 k | 982 k | (370 k) |

## EBIT margin, % | 5% | 7% | (0%) | 6% | (4%) | (8%) | 8% | 10% | (3%) |

## Interest income | 10 k | ||||||||

## Income tax expense | (35 k) | (63 k) | (60 k) | (42 k) | (43 k) | (44 k) | (42 k) | (47 k) | (142 k) |

## Net Income | 15 k | 161 k | (483 k) | 95 k | (574 k) | (1.6 m) | 136 k | 315 k | (1.1 m) |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 3.9 m | 320 k | 1.2 m | 12.8 m |

## Accounts Receivable | 3.9 m | 5.3 m | 4.7 m | |

## Inventories | 1.3 m | 1.3 m | 1.2 m | 487 k |

## Current Assets | 9.7 m | 7.1 m | 7.8 m | 45.6 m |

## PP&E | 1.2 m | 1.5 m | 2.2 m | 1.9 m |

## Goodwill | 15 m | 17.5 m | 17.4 m | 26.3 m |

## Total Assets | 35.6 m | 34.5 m | 34.2 m | 85.8 m |

## Accounts Payable | 1.7 m | 1.5 m | 2.7 m | 1.6 m |

## Total Debt | 25.4 m | 28.8 m | 25.3 m | |

## Current Liabilities | 17.5 m | 14.4 m | 16.4 m | 41.4 m |

## Non-Current Liabilities | 13.9 m | 15.6 m | 14.1 m | 26.2 m |

## Total Liabilities | 31.4 m | 30 m | 30.5 m | 67.6 m |

## Additional Paid-in Capital | 278.2 m | 278.7 m | 279.6 m | 295 m |

## Retained Earnings | (268.9 m) | (269.1 m) | (270.9 m) | (271.9 m) |

## Total Equity | 4.2 m | 4.5 m | 3.7 m | 18.2 m |

## Debt to Equity Ratio | 6 x | 6.4 x | 6.8 x | |

## Debt to Assets Ratio | 0.7 x | 0.8 x | 0.7 x | |

## Financial Leverage | 8.4 x | 7.7 x | 9.2 x | 4.7 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 2 m | 1.6 m | 274 k | 213 k | 122 k | 553 k | 283 k | 289 k | 2.3 m |

## Inventories | 260 k | 318 k | 263 k | 313 k | 700 k | 634 k | 516 k | 616 k | 530 k |

## Current Assets | 7.1 m | 7 m | 6.6 m | 7.2 m | 6.6 m | 35.2 m | 32.9 m | 21.2 m | 44.3 m |

## PP&E | 1.3 m | 1.2 m | 2 m | 2.2 m | 2.3 m | 2.2 m | 2 m | 1.8 m | 1.8 m |

## Goodwill | 15 m | 18.4 m | 17.4 m | 17.4 m | 17.4 m | 26.6 m | 26.3 m | 26.3 m | 31.5 m |

## Total Assets | 31.9 m | 34.8 m | 34.1 m | 34.7 m | 33.6 m | 78.7 m | 74.8 m | 62.1 m | 95.1 m |

## Accounts Payable | 1.4 m | 1.7 m | 2.2 m | 2.1 m | 2.1 m | 1.9 m | 2.4 m | 2.5 m | 2.3 m |

## Current Liabilities | 13.1 m | 13.3 m | 14.6 m | 14.6 m | 14.9 m | 48.4 m | 43.8 m | 32 m | 48 m |

## Non-Current Liabilities | 15.1 m | 17.2 m | 15.5 m | 15.4 m | 14.3 m | 28 m | 28 m | 26.6 m | 28.9 m |

## Additional Paid-in Capital | 278.3 m | 278.6 m | 278.7 m | 279.3 m | 279.6 m | 279.7 m | 280.3 m | 280.4 m | 296 m |

## Retained Earnings | (269.4 m) | (269.2 m) | (269.6 m) | (269.5 m) | (270.1 m) | (272.5 m) | (272.3 m) | (272 m) | (272.9 m) |

## Total Equity | 4.7 m | 4.4 m | 2.2 m | 3 m | 3.5 m | 18.2 m | |||

## Financial Leverage | 7.3 x | 7.6 x | 35.2 x | 24.5 x | 17.8 x | 5.2 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | (1.7 m) | (262 k) | (1.8 m) | (972 k) |

## Depreciation and Amortization | 2.9 m | 2.8 m | 3 m | 2.3 m |

## Accounts Receivable | (899 k) | (1.4 m) | 524 k | |

## Inventories | 177 k | (93 k) | (615 k) | 297 k |

## Accounts Payable | (1 m) | (136 k) | 1.1 m | (1.1 m) |

## Cash From Operating Activities | 2 m | 2.7 m | 3.4 m | (2 m) |

## Purchases of PP&E | (436 k) | |||

## Cash From Investing Activities | (435 k) | (4.2 m) | (1.4 m) | (18.8 m) |

## Long-term Borrowings | (6.9 m) | (19.3 m) | (6.8 m) | (7.2 m) |

## Cash From Financing Activities | 170 k | (2.1 m) | (1.1 m) | 32.3 m |

## Interest Paid | 1.5 m | 941 k | 995 k | 1.4 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 15 k | 161 k | (483 k) | 95 k | (574 k) | (1.6 m) | 136 k | 315 k | (1.1 m) |

## Depreciation and Amortization | 497 k | 494 k | 505 k | 504 k | 505 k | 377 k | 626 k | 625 k | 847 k |

## Inventories | 260 k | 318 k | 263 k | 313 k | 700 k | 634 k | 516 k | 616 k | 530 k |

## Accounts Payable | 1.4 m | 1.7 m | 2.2 m | 2.1 m | 2.1 m | 1.9 m | 2.4 m | 2.5 m | 2.3 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 81.3 k |

## Financial Leverage | 5.2 x |

Asure Software's Enterprise Customers was reported to be 7 k in FY, 2016

- Source: SEC Filings