Key Numbers from Asure Software (NASDAQ:ASUR) 4Q16 Earnings Report

Key Numbers from Asure Software (NASDAQ:ASUR) 4Q16 Earnings Report

Asure Software (NASDAQ:ASUR) reported fourth quarter earnings before market open today, that came in line with street view.

On a GAAP basis, ASUR reported net income of 13 cents per share, compared with loss of 8 cents per share, a year ago period.

Excluding special items, the company announced Non-GAAP net income of 10 cents per share.

Headquartered in Austin, Texas, ASUR recorded Revenue that rose 43% to $ 9.70 million from $ 6.80 million in the same quarter last year.

Analysts polled by Thomson Reuters expected Asure Software to reveal income of $ 0.10 per share on revenue of $ 10.01 million for the fourth quarter.

Asure CEO, Pat Goepel, stated: This Q4 was another strong quarter for us, highlighted by double-digit year-over-year growth in revenue, gross profit, EBITDA, and net income.

For the full year 2017, the company expects, revenue in the range of $45 million to $47 million and Non-GAAP earnings between $0.60 and $0.75 per share.

ASUR: 10.45 -0.09 (-0.85%)

About : Asure Software, Inc. provides cloud-based software-as-a-service (SaaS) time and labor management, and workspace management solutions worldwide. The company offers a suite of solutions to help clients optimize and manage their mobile workforces and their global workspaces. Its SaaS-based offerings include asset management, mobile room scheduling, mobile time tracking, scheduling software, space utilization solutions, tablet-based time clocks, time and labor management software, traditional time clocks, touch panels for room scheduling, and workplace business intelligence analytics. The company’s AsureSpace product line offers workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization. It also provides AsureForce time and labor management solutions to help organizations optimize labor and labor administration costs and activities. Asure Software serves Fortune 500 clients to small and mid-sized businesses. The company sells its products directly, as well as through reseller and referral partners. Asure Software, Inc. was founded in 1985 and is headquartered in Austin, Texas with additional offices in Dedham, Massachusetts; Traverse City, Michigan; and London, United Kingdom.