OverviewSuggest Edit

Asure Software is a company developing a human capital management platform. It provides businesses with time and attendance tracking, payroll, tax, and benefits administration, human resources and talent management software solutions.

TypePublic
Founded1985
HQAustin, US
Websiteasuresoftware.com
Employee Ratings3.2
Culture scoreB+

Latest Updates

Employees (est.) (May 2020)430(+5%)
Job Openings39
Revenue (FY, 2019)$73.2 M(-17%)
Share Price (May 2020)$6.6

Key People/Management at Asure Software

Pat Goepel

Pat Goepel

Chief Executive Officer
Kelyn Brannon

Kelyn Brannon

Chief Financial Officer
Eyal Goldstein

Eyal Goldstein

Chief Revenue Officer
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Asure Software Office Locations

Asure Software has offices in Austin, Bellevue, Burlington, Santa Ana and in 8 other locations
Austin, US (HQ)
3700 N Capital of Texas Hwy #350
Bellevue, US
11400 SE 6th St STE 125
Burlington, US
One Burlington Square, 95 Pine St #300
Santa Ana, US
3631 S Harbor Blvd #100
Tampa, US
5100 W Kennedy Blvd #300
Winston-Salem, US
635 W 4th St #201
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Asure Software Financials and Metrics

Asure Software Revenue

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View revenue for all periods
Asure Software's revenue was reported to be $73.15 m in FY, 2019 which is a 17.8% decrease from the previous period.
USD

Revenue (Q1, 2020)

18.9m

Gross profit (Q1, 2020)

11.1m

Gross profit margin (Q1, 2020), %

58.6%

Net income (Q1, 2020)

(1.8m)

EBIT (Q1, 2020)

(2.4m)

Market capitalization (22-May-2020)

104.1m

Closing stock price (22-May-2020)

6.6

Cash (31-Mar-2020)

20.8m

EV

115.7m
Asure Software's current market capitalization is $104.1 m.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

54.4m89.0m73.2m

Revenue growth, %

53%63%(18%)

Cost of goods sold

12.6m30.8m29.8m

Gross profit

41.8m58.1m43.3m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

19.3m21.8m23.5m26.8m24.8m24.6m18.9m

Cost of goods sold

5.6m7.2m8.5m8.7m9.9m9.1m7.8m

Gross profit

13.7m14.5m15.0m18.1m15.0m15.5m11.1m

Gross profit Margin, %

71%67%64%67%60%63%59%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

27.8m15.4m28.8m

Accounts Receivable

13.4m16.0m4.8m

Inventories

509.0k3.1m656.0k

Current Assets

86.6m159.9m184.4m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

25.8m46.8m19.2m16.6m14.7m12.6m20.8m

Accounts Receivable

13.9m18.1m18.8m14.4m15.6m15.2m4.9m

Prepaid Expenses

6.8m

Inventories

719.0k1.9m1.3m4.1m5.2m5.1m572.0k
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(5.7m)(7.5m)30.0m

Depreciation and Amortization

6.1m12.9m18.2m

Inventories

(17.0k)(2.9m)(1.6m)

Accounts Payable

(254.0k)1.6m(3.2m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

(1.9m)(5.7m)(9.3m)(2.9m)(7.9m)(11.2m)(1.8m)

Depreciation and Amortization

2.3m5.3m9.6m4.0m7.9m11.6m3.5m

Inventories

(229.0k)(745.0k)(137.0k)(925.0k)(2.1m)(2.1m)84.0k

Accounts Payable

666.0k(280.0k)850.0k2.1m1.3m(598.0k)(982.0k)
USDY, 2020

EV/EBIT

-47.3 x

EV/CFO

-34 x

Financial Leverage

2.2 x
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Asure Software Operating Metrics

FY, 2014FY, 2015FY, 2016Sep, 2017FY, 2017FY, 2018FY, 2019

Direct Customers

6 k6 k7 k8 k10 k10 k16 k

Countries

80 80 80 80 80

Indirect Customers

70 k48 k

Product Lines

2 2 2 2 3 4
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Asure Software Acquisitions / Subsidiaries

Company NameDateDeal Size
Payroll MaxxJanuary 07, 2019
Pay Systems of America, Inc.January 02, 2018
Savers Administrative ServicesJanuary 02, 2018
TelePayrollJanuary 02, 2018
Associated Data ServicesOctober 02, 2017
Compass HRMMay 26, 2017
iSystemsMay 26, 2017
Corporate Payroll Inc., (CPI-HR)January 03, 2017
Payroll Specialties NWJanuary 03, 2017
Personnel Management SystemsJanuary 03, 2017
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Asure Software Revenue Breakdown

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Asure Software revenue breakdown by business segment: 95.8% from Recurring and 4.2% from Other

Asure Software Online and Social Media Presence

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Asure Software Company Culture

  • Overall Culture

    B+

    82/100

  • CEO Rating

    F

    40/100

  • Compensation

    A+

    100/100

Learn more on Comparably

Asure Software News and Updates

Asure Software Announces Third Quarter 2019 Results

AUSTIN, Texas, Nov. 11, 2019 (GLOBE NEWSWIRE) -- Asure Software, Inc. (NASDAQ: ASUR), the leading provider of dynamic cloud-based solutions that elevate how, when and where work gets done, reported results for the third quarter ended September 30, 2019.

Asure Software Honored with Two Golds at 2019 Stevie® Awards for Great Employers

Dynamic cloud-based software leader recognized for new time clock system featuring next-gen facial recognition tech as best attendance tracking solution and for environmental workplace occupancy sensors as top talent management solution Dynamic cloud-based software leader recognized for new time clo…

Asure Software to Sell Workspace Management Business to FM:Systems for $120 Million

Asure Software to Focus on SaaS Human Capital Management (HCM) Asure Software to Focus on SaaS Human Capital Management (HCM)

Asure Software Welcomes Charlie Lathrop to Board of Directors

AUSTIN, Texas, Aug. 22, 2019 (GLOBE NEWSWIRE) -- Asure Software (NASDAQ: ASUR), the leading provider of workforce and workspace software solutions, announced the appointment of Charlie Lathrop to the company’s board of directors.

Asure Software Expands Time and Attendance Solution

New time clock systems with next-gen facial recognition technology gives today’s mobile workforce greater control of their time, increases engagement, and helps employers make more efficient use of resources New time clock systems with next-gen facial recognition technology gives today’s mobile work…

Asure Software Debuts New AsureSpace Touch Panels at Annual C3 User Conference

New AsureSpace 10-inch Touch Panels bring businesses intelligent workspace functionality, a sleek, low-profile design and interactive scheduling to maximize space utilization and ensure employees can easily find and reserve collaborative spaces New AsureSpace 10-inch Touch Panels bring businesses in…
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Asure Software Blogs

Why Automate Payroll

From wages and direct deposits to benefits and overtime calculations, navigating your payroll’s moving parts is cumbersome. Akin to payroll… The post Why Automate Payroll appeared first on Asure Software.

Outsourcing HR Projects

Complexities of Human Resources operations has necessitated 3rd-party involvement to assure operational integrity and compliance. Today, 80+% of companies outsource… The post Outsourcing HR Projects appeared first on Asure Software.

What is a Health Insurance Waiver?

In 2019, the Bureau of Labor Statistics reported that 87% of full-time civilian workers had access to medical care benefits… The post What is a Health Insurance Waiver? appeared first on Asure Software.

What is Impostor Syndrome and How Does It Affect Employees

A recent survey of 2,400 adults revealed that about one-third of U.S. employees have felt unqualified for their job. Despite… The post What is Impostor Syndrome and How Does It Affect Employees appeared first on Asure Software.

Project Based HR Consulting

Today, the realm of Human Resources within organizations is all-encompassing. If your people are involved in any matter needing oversight,… The post Project Based HR Consulting appeared first on Asure Software.

Workplace Conflict Resolution Tips

Nearly all employees experience workplace conflict during the course of their careers. A study by CPP Inc., the company behind… The post Workplace Conflict Resolution Tips appeared first on Asure Software.
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Asure Software Frequently Asked Questions

  • When was Asure Software founded?

    Asure Software was founded in 1985.

  • Who are Asure Software key executives?

    Asure Software's key executives are Pat Goepel, Kelyn Brannon and Eyal Goldstein.

  • How many employees does Asure Software have?

    Asure Software has 430 employees.

  • What is Asure Software revenue?

    Latest Asure Software annual revenue is $73.2 m.

  • What is Asure Software revenue per employee?

    Latest Asure Software revenue per employee is $170.1 k.

  • Who are Asure Software competitors?

    Competitors of Asure Software include Namely, Replicon and Paychex.

  • Where is Asure Software headquarters?

    Asure Software headquarters is located at 3700 N Capital of Texas Hwy #350, Austin.

  • Where are Asure Software offices?

    Asure Software has offices in Austin, Bellevue, Burlington, Santa Ana and in 8 other locations.

  • How many offices does Asure Software have?

    Asure Software has 12 offices.