$ASUR: Asure Software (NASDAQ: ASUR) absolutely crushes Q1 2023 earnings & raises Q2 & FY 23 Guidance

First Quarter 2023 Financial Highlights:

-Revenue of $33.1 million, up 36% from prior-year’s first quarter

-Recurring revenue of $28.0 million, up 22% from prior-year’s first quarter

-Net income of $0.3 million, a $3.4 million improvement from prior-year’s first quarter

-EBITDA(1) of $6.8 million, up $4.3 million from prior-year’s first quarter

-Adjusted EBITDA(1) of $8.2 million, up $4.8 million from prior-year’s first quarter

-Gross profit of $24.4 million, up 58% from prior-year’s first quarter

-Non-GAAP(1) gross profit of $25.7 million (margin of 78%) versus $16.7 million and 68% in prior-year’s first quarter

Q2 guidance:
-Rev: $25M-$26M
-Adj EBITDA: $2.5M-$3.5M

FY 23 guidance:
-Rev: $111M-$113M
-Adj EBITDA Range: 17%-18%

https://spotlightgrowth.com/asure-software-na...3-results/