Group 1 - The article highlights the performance of Grupo Aeroportuario del Sureste (ASUR), which has achieved a 7.5% return since a buy rating was issued, contrasting with a 5.6% loss in the broader market [1] - The investing group, The Aerospace Forum, focuses on identifying investment opportunities within the aerospace, defense, and airline sectors, leveraging data analytics for informed decision-making [2] - The analyst emphasizes the importance of context in understanding industry developments and their potential impact on investment strategies [2] Group 2 - The article does not provide any specific financial metrics or forecasts related to ASUR or the broader aerospace and defense industry [3]

Core Viewpoint - Grupo Aeroportuario del Sureste (ASUR) has announced its General Annual Ordinary Shareholders' Meeting scheduled for April 23, 2025, to discuss various operational and financial matters, including the approval of financial reports and dividend proposals [1][2]. Group 1: Meeting Details - The shareholders' meeting will take place at 10 a.m. on April 23, 2025, at the company's offices in Mexico City [1]. - Shareholders must be registered on the Company Shareholder Register by April 18, 2025, to attend the meeting [5][6]. Group 2: Agenda Items - The agenda includes the presentation and approval of the CEO's report, independent auditor's report, and the Board of Directors' report regarding the fiscal year ended December 31, 2024 [2]. - Financial statements for the fiscal year ended December 31, 2024, will be presented, along with the annual report from the Audit Committee [2]. - Proposals for the application of the company's results include an increase in the legal reserve and a cash dividend of $50.00, payable in May 2025, and additional extraordinary dividends of $15.00 each, payable in September and November 2025 [3]. Group 3: Governance and Representation - The meeting will also address the ratification of the administration by the Board of Directors and the CEO for the fiscal year 2024, along with the appointment of committee members [3][4]. - Shareholders may attend the meeting in person or be represented by authorized individuals [8]. Group 4: Company Overview - Grupo Aeroportuario del Sureste operates 16 airports across the Americas, including Cancun Airport and Medellin International Airport, and is a significant player in the airport management sector [9]. - The company is listed on both the Mexican Bolsa and the NYSE, with one ADS representing ten series B shares [9].

Core Insights - Asure Software, Inc. is scheduled to attend the 37th Annual Roth Conference from March 16-18, 2025, in Dana Point, CA [1] - The management team will hold one-on-one meetings with institutional investors during the conference [2] - CEO Pat Goepel will participate in a fireside chat with Roth analyst Richard Baldry on March 17, 2025, at 2:00 PM PT [2] Company Overview - Asure Software provides cloud-based Human Capital Management (HCM) software solutions aimed at streamlining HCM processes for organizations of all sizes [3] - The suite of HCM solutions includes HR, payroll, time and attendance, benefits administration, payroll tax management, and talent management [3] - The company utilizes AI technology in its HR compliance services to enhance scalability and efficiency while focusing on client interactions [3]

Financial Data and Key Metrics Changes - Total revenue for 2024 increased modestly to $119.8 million, with a 17% increase excluding ERTC revenues [10][23] - Recurring revenues grew by 15% year-over-year, now representing 96% of total revenues compared to 84% in 2023 [11][40] - Fourth quarter total revenues were $30.8 million, a 17% increase year-over-year, while recurring revenue rose by 14% [23] - Gross profit margin for the fourth quarter remained stable at 68%, while full-year gross margins decreased to 69% from 72% [26] Business Line Data and Key Metrics Changes - Payroll tax management product significantly contributed to revenue growth, alongside recent acquisitions [12][24] - Revenue growth was also noted in payroll, time and attendance, and benefits groups, with strong performance from the new insurance offerings [25] - The 401(k) product saw an 86% increase in new bookings compared to the previous year, with a strong contracted backlog growing 17% since the last quarter [18][40] Market Data and Key Metrics Changes - The company anticipates continued growth in the payroll tax management business, with a robust pipeline of enterprise deals [48][78] - The demand environment remains stable, with ongoing hiring trends despite economic volatility [73][76] Company Strategy and Development Direction - The company is focused on replacing one-time ERTC revenues with higher-value recurring revenues through organic growth and acquisitions [11][19] - A multiyear agreement was signed with a leading firm to resell payroll and payroll tax management solutions, enhancing market reach [20] - The introduction of innovative products like AssurePay and the AI agent Luna aims to improve client experience and operational efficiency [16][37] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about entering 2025, highlighting strong momentum and a focus on cross-selling and enhancing attach rates [39][40] - The company is preparing for potential economic headwinds but remains confident in its growth trajectory and client acquisition strategy [76][81] Other Important Information - The company is in early discussions for a credit facility between $20 million to $60 million to support customer acquisition and potential M&A activities [30][62] - Adjusted EBITDA for the fourth quarter increased to $6.2 million, with a margin of 20%, while full-year adjusted EBITDA was $22.5 million [28] Q&A Session Summary Question: Progress on enterprise payroll tax opportunities and sales team productivity - Management reported good progress in enterprise tax sales and noted that the sales team is now fully productive post-ERTC transition [44][50] Question: Importance of closing the credit facility for M&A - The credit facility is crucial for funding customer acquisitions, with most sellers requiring upfront cash payments [56][59] Question: Demand environment and client hiring trends - Management indicated that hiring continues, with a divide between salary levels affecting layoffs, but overall job availability remains strong [72][74] Question: Outlook for Q1 revenue and seasonal business components - Q1 revenue is expected to be flat compared to the previous year, with a conservative approach to professional services [85][90] Question: Details on the SurePay introduction and 401(k) momentum - SurePay is currently being tested with 500 clients, and the 401(k) product is gaining traction as the sales team becomes more specialized [100][110]

Payroll & HR Solutions Investor Presentation March 2025 : ASUR 1 Safe Harbor Statement (Under the Private Securities Litigation Reform Act of 1995) Forward-Looking Statements This presentation contains certain statements made by management that may constitute "forward-looking" statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements about our financial results may include expected or projected U.S GAAP, non U.S ...

Asure Software, Inc. (NASDAQ:ASUR) Q4 2024 Earnings Conference Call March 6, 2025 4:30 PM ET Company Participants Pat Goepel - Chairman and CEO John Pence - Chief Financial Officer Patrick McKillop - Vice President, Investment Relations Eyal Goldstein - President and CRO Conference Call Participants Joshua Reilly - Needham & Company Brian Bergen - TD Cowen Eric Martinuzzi - Lake Street Daniel Hibshman - Craig Hallum Capital Group Richard Baldry - ROTH Capital Partners Charles Nabhan - Stephens Greg Gibas - ...

Company Performance - Asure Software Inc reported quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.16 per share, but showing an increase from $0.07 per share a year ago, resulting in an earnings surprise of -6.25% [1] - The company posted revenues of $30.79 million for the quarter ended December 2024, which was 0.30% below the Zacks Consensus Estimate, compared to $26.26 million in the same quarter last year [2] - Over the last four quarters, Asure Software has not surpassed consensus EPS estimates and has topped consensus revenue estimates only once [2] Stock Outlook - Asure Software shares have increased approximately 5.6% since the beginning of the year, contrasting with a -0.7% decline in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.27 on revenues of $35.35 million, and for the current fiscal year, it is $0.88 on revenues of $134.81 million [7] - The estimate revisions trend for Asure Software is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Internet - Delivery Services industry, to which Asure Software belongs, is currently in the top 34% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Performance - Total revenue for the year ended December 31, 2024, was $119,792,000, a slight increase of 0.6% compared to $119,082,000 in 2023[230]. - Recurring revenue increased to $114,471,000 in 2024, up 14.7% from $99,734,000 in 2023[230]. - Net loss for 2024 was $11,773,000, compared to a net loss of $9,214,000 in 2023, representing a 27.7% increase in losses[230]. - Total current assets decreased to $237,277,000 in 2024 from $267,220,000 in 2023, a decline of 11.2%[229]. - Cash and cash equivalents at the end of 2024 were $21,425,000, down from $30,317,000 in 2023, a decrease of 29.4%[229]. - Total liabilities decreased to $239,323,000 in 2024 from $252,213,000 in 2023, a reduction of 5.1%[229]. - Total stockholders' equity increased to $197,315,000 in 2024 from $191,655,000 in 2023, an increase of 2.8%[229]. - Operating expenses rose to $92,844,000 in 2024, up from $88,536,000 in 2023, an increase of 4.1%[230]. - Cash flows from operating activities provided $9,388,000 in 2024, a decrease from $18,900,000 in 2023[234]. - Total cash, cash equivalents, restricted cash, and restricted cash equivalents decreased from $177,622 million in 2023 to $145,712 million in 2024, a decline of approximately 18%[236]. - Cash paid for income taxes significantly reduced from $432 million in 2023 to $18 million in 2024, a decrease of about 96%[236]. - Basic loss per share for the year ended December 31, 2024, was $(0.45), compared to $(0.42) in 2023[344]. Acquisitions and Investments - Asure Software plans to continue acquiring businesses from Reseller Partners, which may pose integration challenges and affect financial results[16]. - The company acquired substantially all assets of an applicant tracking technology company for a total purchase price of $15,162, which included $7,900 in cash, a $3,000 promissory note, and shares valued at $4,262[280]. - The purchase consideration allocated $2,700 to customer relationships and $3,200 to developed technology, with the remaining $8,713 allocated to goodwill[281]. - The company completed eleven customer relationship asset acquisitions in 2024 for a total purchase price of $14,049, including $5,842 in cash paid during the year[284]. - The company completed two customer relationship asset acquisitions post-December 31, 2024, for a total purchase price of $7,801,000[347]. - The company issued 1,025,000 shares for acquisitions in 2024, contributing to an increase in additional paid-in capital to $504,849,000[231]. Revenue Recognition and Deferred Revenue - Revenue from maintenance/support is recognized ratably over the non-cancellable term of the support agreement, typically one to three years[268]. - Revenue from professional services is recognized on a proportional performance basis as the service is provided[267]. - The company recognizes contract liabilities, or deferred revenue, for amounts invoiced to customers in excess of recognized revenue, primarily ranging from one to five years[273]. - Revenue recognized from deferred revenue was $6,626 for 2024, down from $7,488 in 2023[309]. - Approximately $79,095 of revenue is expected to be recognized from remaining performance obligations, with 32% expected to be recognized over the next 12 months[310]. - The company finalized various multi-year arrangements, increasing deferred revenue balances as of December 31, 2024, compared to 2023[311]. Market and Operational Risks - Asure Software reported a material weakness in internal control over financial reporting, which may lead to future misstatements in financial statements[16]. - The company has a history of losses and cannot guarantee future profitability[16]. - The expiration of Employee Retention Tax Credits regulations is expected to adversely impact revenues in 2024 and 2025[18]. - The company is exposed to various market risks, including interest rate and foreign exchange risks, and has not used derivative instruments to mitigate these risks[19]. - Significant costs are incurred due to operating as a public company, which may affect financial condition and management focus[18]. - Client funds held in trust are subject to market and liquidity risks, which could materially affect financial results[18]. - The company relies on third-party data centers and computing infrastructure, and any disruptions could adversely impact operations[16]. - Asure Software's ability to maintain competitive advantage may be impaired if proprietary rights are not adequately protected[18]. - The markets in which Asure operates are highly competitive, and failure to compete effectively could adversely affect operating results[18]. Legal and Regulatory Environment - There were no material legal proceedings against the company as of December 31, 2024, indicating a stable legal environment for operations[245]. - The company filed a universal shelf registration statement for up to $150,000 in securities, effective April 19, 2024[317]. Tax and Deferred Tax Assets - The provision for income taxes attributable to continuing operations for 2024 was $933,000, significantly higher than $109,000 in 2023[335]. - Deferred tax assets totaled $26,467,000 in 2024, up from $23,420,000 in 2023, while total deferred tax liabilities increased to $10,582,000 from $9,039,000[336]. - The valuation allowance against net deferred tax assets increased by $2,388,000 during the year ended December 31, 2024[338]. Research and Development - Asure Software, Inc. continues to invest in research and development to expand its Human Capital Management (HCM) solutions, addressing HR complexity and enhancing employee productivity[240]. - The company operates a single reportable segment primarily deriving revenue from payroll services in the United States[243]. - Asure HCM suite includes seven product lines, enhancing efficiencies and providing value-added solutions to employers and employees[240]. - The company has adopted new accounting standards for segment reporting, effective for fiscal years beginning after December 15, 2023, which will enhance reportable disclosures[247].

Revenue Performance - Full Year 2024 revenues reached $119.8 million, with recurring revenues growing 15% year-over-year[1] - Recurring revenues accounted for 96% of total revenues, up from 84% in the prior year[6] - Fourth Quarter 2024 revenue was $30.8 million, a 17% increase year-over-year, and 22% growth when excluding ERTC revenue[5] - Total revenue for the twelve months ended December 31, 2024, was $119,792,000, a slight increase from $119,082,000 in 2023, with recurring revenue rising to $114,471,000 from $99,734,000[38] - Revenue for Q4-24 was $30,792,000, an increase of 5.1% from Q3-24's $29,304,000[47] - Revenue guidance for Q1 2025 is projected between $33.0 million and $35.0 million, and for FY 2025 between $134.0 million and $138.0 million[9] Profitability and Loss - Net loss for Full Year 2024 was $11.8 million, compared to a net loss of $9.2 million in the prior year[5] - Adjusted EBITDA for Full Year 2024 was $22.5 million, down from $23.3 million in the prior year[5] - The company reported a gross profit of $82.1 million for Full Year 2024, down from $85.5 million in the prior year[5] - The net loss for the twelve months ended December 31, 2024, was $11,773,000, compared to a net loss of $9,214,000 in 2023, indicating a worsening financial performance[38] - GAAP net loss for Q4-24 was $(3,204,000), an improvement from $(3,901,000) in Q3-24[47] - Adjusted EBITDA for Q4-24 was $6,229,000, with an adjusted EBITDA margin of 20.2%[47] Cash Flow and Financial Position - Cash and cash equivalents decreased to $21,425,000 as of December 31, 2024, down from $30,317,000 in 2023[36] - Net cash provided by operating activities decreased to $9,388 thousand in 2024 from $18,900 thousand in 2023, a decline of about 50.3%[41] - Total cash, cash equivalents, restricted cash, and restricted cash equivalents at the end of 2024 was $145,712 thousand, down from $177,622 thousand in 2023, reflecting a decrease of approximately 17.9%[43] - The cash balance at the beginning of the period was $177,622 thousand, which decreased to $145,712 thousand by the end of the period, indicating a net decrease of $31,910 thousand[41] - The company experienced a net change in client fund obligations of $(26,342) thousand in 2024, compared to a net increase of $13,931 thousand in 2023, reflecting a significant shift in client fund management[41] Expenses and Liabilities - Operating expenses for the twelve months ended December 31, 2024, totaled $92,844,000, up from $88,536,000 in 2023, driven by increased costs in general and administrative expenses[38] - Research and development expenses for Q4-24 totaled $2,103,000, up from $1,973,000 in Q3-24[47] - Sales and marketing expenses for Q4-24 were $6,945,000, compared to $6,680,000 in Q3-24[47] - General and administrative expenses for Q4-24 amounted to $9,940,000, a decrease from $10,378,000 in Q3-24[47] - Total current liabilities decreased to $223,636,000 in 2024 from $241,340,000 in 2023, indicating improved short-term financial health[36] Strategic Initiatives - The company signed a multi-year agreement in January 2025 to resell Payroll and Payroll Tax Management solutions[5] - Introduction of Luna, an advanced AI agent for payroll and HR management, was announced[5] - Management emphasized a solid foundation for growth in 2025, focusing on both organic and inorganic expansion[7] - The company plans to continue focusing on enhancing its Software-as-a-Service model and addressing regulatory challenges in the upcoming fiscal year[34] Asset Management - The company's total assets decreased to $436,638,000 as of December 31, 2024, from $443,868,000 in 2023[36] - The company's goodwill increased to $94,724,000 in 2024 from $86,011,000 in 2023, suggesting potential acquisitions or increased valuation of existing assets[36] - Acquisition of intangible assets in 2024 amounted to $5,338 thousand, a substantial increase from $357 thousand in 2023[43]

Reports Full Year 2024 Revenues of $119.8 million Full Year 2024 Recurring Revenues Grew 15% from Prior Year Recurring Revenues Grew to 96% of Total Revenues from 84% in the Prior Year AUSTIN, Texas, March 06, 2025 (GLOBE NEWSWIRE) -- Asure Software, Inc. (“we”, “us”, “our”, “Asure” or the “Company”) (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (“HCM”) software solutions, today reported results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 ...