Asure Software Q2 revenue misses expectations
Overview
Asure Q2 2025 revenue grows 7% yr/yr, missing analyst expectations, per LSEG data
Adjusted EBITDA for Q2 2025 misses analyst estimates, per LSEG data
Co completes acquisition of Lathem Time Corp, enhancing time and attendance solutions
Outlook
Asure Software expects Q3 2025 revenue between $35 mln and $37 mln
Company raises full-year 2025 revenue guidance to $138 mln - $142 mln
Asure Software forecasts Q3 2025 adjusted EBITDA of $7 mln - $9 mln
Company anticipates full-year 2025 adjusted EBITDA margin of 22% - 24%
Result Drivers
PAYROLL TAX MANAGEMENT - Strong performance from Payroll Tax Management product line contributed to revenue growth
HCM PRODUCT ATTACH RATES - Improved attach rates of HCM products supported revenue increase, according to CEO Pat Goepel
ACQUISITION IMPACT - Acquisition of Lathem Time Corp expected to enhance time and attendance solutions and drive cross-selling opportunities, per CEO Pat Goepel
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $30.10 mln | $31 mln (9 Analysts) |
Q2 Net Income |
| -$6.10 mln |
|
Q2 Adjusted EBITDA | Miss | $5.20 mln | $5.50 mln (9 Analysts) |
Q2 Adjusted Gross Profit |
| $21.90 mln |
|
Q2 EBITDA |
| $1.40 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Asure Software Inc is $13.50, about 28.1% above its July 30 closing price of $9.70
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nGNX5ntQ3Y
