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Earnings Call Summary | Asure Software(ASUR.US) Q2 2024 Earnings Conference

Earnings Call Summary | Asure Software(ASUR.US) Q2 2024 Earnings Conference

業績會總結 | asure software(ASUR.US) 2024年Q2業績會
富途資訊 ·  08/04 21:19  · 電話會議

The following is a summary of the Asure Software, Inc. (ASUR) Q2 2024 Earnings Call Transcript:

以下是Asure Software公司(ASUR)2024財年第二季度業績會記錄摘要:

Financial Performance:

金融業績:

  • Q2 2024 revenue reached $28 million, with a significant contribution from recurring revenues which grew by 18% year-over-year.

  • Adjusted EBITDA for Q2 decreased to $4.1 million from $6.1 million in the prior year.

  • Net loss widened to $4.4 million from $3.8 million year-over-year.

  • Company updated full year 2024 guidance, projecting revenues between $123 million and $129 million, with an anticipated double-digit growth rate if excluding ERTC from 2023 for comparison.

  • 2024財年第二季度營業收入達到2800萬美元,其中有大量的回流收入,同比增長18%。

  • 第二季度調整後的EBITDA由去年610萬美元下降至410萬美元。

  • 淨虧損同比增加至440萬美元,而上年爲380萬美元。

  • 公司更新了2024財年全年指導,預計收入將在1.23億美元至1.29億美元之間,如果從2023年的ERTC進行比較,預期將有兩位數的增長率。

Business Progress:

業務進展:

  • Asure Software acquired a highly rated applicant tracking system to enhance its product offerings.

  • Announced a significant deal with Vensure for payroll tax management solutions.

  • Formed a strategic partnership with MyHRScreens to offer comprehensive background screening services.

  • Achieved 131% increase in new bookings compared to the previous year, driven by strategic sales initiatives and expanding sales force which is expected to reach approximately 130 reps by year-end,

  • Implemented effective digital marketing strategies to support sales team efforts.

  • Asure Software收購了一個高評級的應聘跟蹤系統,以增強其產品提供能力。

  • 與Vensure達成了一項重要協議,提供薪酬稅務管理解決方案。

  • 與MyHRScreens達成了戰略合作伙伴關係,提供全面的背景調查服務。

  • 與上一年相比,新的預訂量增長了131%,這歸功於戰略銷售舉措和擴大的銷售團隊,預計到年底將有約130名代表。

  • 採取了有效的數字營銷策略來支持銷售團隊的努力。

Opportunities:

機會:

  • Expecting to drive revenue with broader product offerings and strategic sales initiatives that bundle payroll services with additional benefits such as 401(k) offerings,

  • Capitalizing on states' mandates and tax credits under the SECURE 2.0 Act to assist small businesses with setting up 401(k) pension plans.

  • Well positioned to capture more market share with a robust pipeline for Payroll Tax Management solutions.

  • 希望通過更廣泛的產品提供和將薪酬服務與401(k)等附加福利捆綁的戰略銷售舉措來推動收入增長。

  • 利用各州《SECURE 2.0法案》規定的稅收抵免來協助小型企業設置401(k)養老金計劃。

  • 具備強大的Payroll稅收管理解決方案流水線,有望佔據更多市場份額。

Risks:

風險:

  • Mention of potential timing uncertainties regarding larger enterprise deals which may affect revenue recognition timing and overall financial results.

  • Noted challenges in ensuring timely implementation of large deals, which could delay revenue recognition and impact financial expectations.

  • 提到有關更大型企業交易的潛在時間不確定性,這可能會影響收入確認時間和總體財務結果。

  • 指出確保及時實施大規模交易面臨的挑戰,這可能會延誤收入確認並影響財務預期。

More details: Asure Software IR

更多詳情請參見Asure Software的IR。

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

提示:如需更全面的詳情,請參閱投資人關係網站。本文僅供投資者參考,不作任何指引或建議。

譯文內容由第三人軟體翻譯。


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