ASURE SOFTWARE INC Income Statement
ASUR|12 years of annual SEC 10-K data (FY2011-FY2023)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 12 fiscal years. All figures from audited SEC 10-K filings.
At a glance
Revenue
$119M
FY2023
Gross Profit
$86M
71.8% gross margin
Operating Income
-$3M
FY2023
Net Income
-$9M
FY2023
ASURE SOFTWARE INC reported $119M in revenue and $9M in net loss for FY2023. Revenue has grown at a 22.9% compound annual rate over the past 12 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score NaN (distress zone, below 1.23 threshold)
- Currently unprofitable: Net income is negative
- Cash-backed earnings: Operating cash flow exceeds net income
- Conservative debt: Debt-to-equity ratio of 0.02
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $119.1M | $76.1M | $73.2M | $63.6M | $54.4M | $35.5M | $26.9M | $27.2M | $25.5M | $20.0M | $10.9M | $10.0M |
| Cost of Revenue | $33.5M | $29.5M | $29.8M | $24.1M | $12.6M | $8.1M | $7.3M | $6.3M | $6.4M | $4.6M | $2.3M | $2.3M |
| Gross Profit | $85.5M | $46.6M | $43.3M | $39.5M | $41.8M | $27.4M | $19.6M | $20.9M | $19.0M | $15.4M | $8.7M | $7.8M |
| SG&A Expense | $39.3M | $27.7M | $41.5M | $36.8M | $33.9M | $21.0M | $15.0M | $14.0M | $13.3M | $11.8M | $6.2M | $5.7M |
| R&D Expense | $6.8M | $5.4M | $5.4M | $6.0M | $4.5M | $2.9M | $3.1M | $3.3M | $2.8M | $2.4M | $1.7M | $1.4M |
| Operating Income | -$3.0M | -$13.0M | -$50.4M | -$10.7M | -$1.0M | $1.2M | -$317.0K | $1.6M | $782.0K | -$513.0K | $91.0K | -$1.2M |
| Interest Expense | - | -$2.0M | $16.0M | $8.6M | $4.6M | $2.0M | $1.1M | $1.3M | $1.9M | $1.2M | $148.0K | $66.0K |
| Income Tax | $109.0K | $802.0K | -$24.1M | -$8.0M | $96.0K | $189.0K | $219.0K | $117.0K | $117.0K | $285.0K | $72.0K | -$8.0K |
| Net Income | -$9.2M | $3.2M | $30.0M | -$7.5M | -$5.7M | -$972.0K | -$1.8M | -$262.0K | -$1.7M | -$3.0M | -$649.0K | -$1.1M |
| EPS (Basic) | -$0.72 | $0.17 | $1.93 | -$0.54 | -$0.53 | -$0.15 | -$0.28 | -$0.04 | -$0.29 | -$0.60 | -$0.14 | -$0.37 |
| EPS (Diluted) | -$0.72 | $0.16 | $1.93 | -$0.54 | -$0.53 | -$0.15 | -$0.28 | -$0.04 | -$0.29 | -$0.60 | -$0.14 | -$0.37 |
| Shares Outstanding | 20.2M | 20.0M | 15.7M | 15.3M | 12.5M | 8.5M | 6.3M | 6.0M | 6.0M | 5.3M | 4.6M | 3.1M |
| Gross Margin | 71.8% | 61.2% | 59.2% | 62.1% | 76.8% | 77.2% | 72.7% | 76.8% | 74.8% | 77.1% | 79.1% | 77.5% |
| Operating Margin | -2.5% | -17.0% | -68.9% | -16.9% | -1.8% | 3.5% | -1.2% | 5.8% | 3.1% | -2.6% | 0.8% | -11.6% |
| Profit Margin | -7.7% | 4.2% | 41.0% | -11.9% | -10.5% | -2.7% | -6.5% | -1.0% | -6.5% | -15.2% | -5.9% | -11.3% |