Asure Software (ASUR) Reports Q2 EPS of $0.02, Affirms Guidance

Asure Software (NASDAQ: ASUR) reported Q2 EPS of $0.02, versus $0.10 reported last year. Revenue for the quarter came in at $39.1 million, versus $28.5 million reported last year.

Asure management reaffirmed its financial guidance for fiscal 2017 ending December 31, 2017:

For fiscal 2017, Asure expects to achieve between $54.25 million and $56.25 million in revenue, with Non-GAAP EBITDA, excluding one-time items, of between $12.2 million and $13.5 million, Non-GAAP net loss per share, excluding one-time items, of between $(0.06) and $(0.02), and non-GAAP net income per share of between $0.50 and $0.56.

For fiscal 2018, Asure reaffirmed its objective to reach double-digit organic revenue growth with multiple “tuck-in” acquisitions each of approximately $2.0 million of revenue and a purchase price of approximately two times revenue. In addition, Asure seeks to reach between $70.0 million and $80.0 million of revenue in 2018, with non-GAAP EBITDA, excluding one-time items, of between $16.0 million and $20.0 million.

For earnings history and earnings-related data on Asure Software (ASUR) click here.

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