Asure Software
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|
Revenues | 65.5m | 76.1m | 95.8m | 119m | 125m | 139m | 162m |
% growth | (10 %) | 16 % | 26 % | 24 % | 5 % | 11 % | 16 % |
EBITDA | 2.4m | (13.8m) | 10.5m | 17.3m | 25.4m | 29.1m | 33.3m |
% EBITDA margin | 4 % | (18 %) | 11 % | 15 % | 20 % | 21 % | 21 % |
Profit | (16.3m) | 3.2m | (14.5m) | (9.2m) | (5.1m) | <1m | - |
% profit margin | (25 %) | 4 % | (15 %) | (8 %) | (4 %) | - | - |
EV / revenue | 2.0x | 2.1x | 2.0x | 2.0x | 1.8x | 1.6x | 1.4x |
EV / EBITDA | 55.7x | -11.3x | 17.9x | 13.7x | 8.9x | 7.8x | 6.8x |
R&D budget | 6.0m | 5.4m | 6.1m | 6.8m | - | - | - |
R&D % of revenue | 9 % | 7 % | 6 % | 6 % | - | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | N/A | IPO | |
N/A | $3.2m | Post IPO Debt | |
* | N/A | $38.6m | Post IPO Equity |
* | N/A | $40.0m | Post IPO Equity |
Total Funding | - |
Recent News about Asure Software
EditAsure Software, accessible via asuresoftware.com, is a company specializing in Human Capital Management (HCM) solutions tailored for small and medium-sized businesses (SMBs). The company provides cloud-based software and services designed to help businesses attract, develop, and retain talent while aligning with their financial growth goals. Asure's offerings include payroll, tax services, time and attendance tracking, and comprehensive human resources (HR) services.
The company operates in the HCM market, focusing on SMBs that need to efficiently manage their workforce without the burden of extensive IT infrastructure. Asure's software is delivered on a Software-as-a-Service (SaaS) basis, meaning clients can access the services online without needing to install or maintain hardware and software. This model is particularly advantageous for SMBs as it reduces upfront costs and allows for easy scalability, accommodating up to 1,000 employees without requiring upgrades or data migration.
Asure's business model revolves around a subscription-based service, which provides a steady revenue stream while offering clients the flexibility to manage their cash flow better. This approach is beneficial for growth-minded executives who prefer to invest their financial capital in growth initiatives rather than overhead costs.
The company's client base includes small and mid-sized businesses across various industries, and it partners with payroll service providers, benefit brokers, banks, and CPAs to extend its reach and enhance its service offerings. Asure's commitment to supporting businesses is evident in its proactive stance during challenging times, such as the Coronavirus pandemic, where it emphasized helping SMBs survive and thrive.
In summary, Asure Software is a key player in the HCM market, providing essential services that enable SMBs to manage their workforce efficiently and focus on growth.
Keywords: Human Capital Management, Payroll, Tax Services, Time Attendance, HR Services, SaaS, SMBs, Cloud-based, Subscription Model, Workforce Management.