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:
| 2017 Financial Guidance | Fiscal 2017 |
| Revenue | $54.25 million to $56.25 million |
| Non-GAAP EBITDA, excluding one-time items | $12.2 million to $13.5 million |
| Non-GAAP Net Income (Loss) per Share, excluding one-time items | $(0.06) to $(0.02) |
| Non-GAAP Net Income per Share | $0.50 to $0.56 |
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.