Asure Software Inc (ASUR) financial statements (2022 and earlier)
Company profile
| Business Address |
3700 N CAPITAL OF TEXAS HWY AUSTIN, TX 78746 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 7373 - Computer Integrated Systems Design (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 13,427 | 28,577 | 28,826 | 15,444 | 27,792 | 12,767 | 1,158 | ||
| Cash and cash equivalents | 13,427 | 28,577 | 28,826 | 15,444 | 27,792 | 12,767 | 1,158 | ||
| Receivables | 5,308 | 4,852 | 4,808 | 16,028 | 13,361 | 8,108 | 4,671 | ||
| Inventory, net of allowances, customer advances and progress billings | 246 | 449 | 656 | 3,117 | 509 | 487 | 784 | ||
| Inventory | 246 | 449 | 656 | 3,117 | 509 | 487 | 784 | ||
| Prepaid expense | 13,475 | 3,284 | 12,218 | 3,120 | 2,588 | 1,256 | 1,195 | ||
| Funds held for clients | 217,376 | 321,069 | 137,935 | 122,206 | 42,328 | 22,981 | |||
| Total current assets: | 249,832 | 358,231 | 184,443 | 159,915 | 86,578 | 45,599 | 7,808 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 5,748 | 6,450 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 8,945 | 8,281 | 7,867 | 8,948 | 5,217 | 1,878 | 2,212 | ||
| Intangible assets, net (including goodwill) | 164,584 | 138,510 | 132,547 | 188,147 | 110,902 | 38,307 | 23,462 | ||
| Goodwill | 86,011 | 73,958 | 68,697 | 111,387 | 77,348 | 26,259 | 17,436 | ||
| Intangible assets, net (excluding goodwill) | 78,573 | 64,552 | 63,850 | 76,760 | 33,554 | 12,048 | 6,026 | ||
| Other noncurrent assets | 4,136 | 3,951 | 3,224 | 4,090 | 614 | 39 | 729 | ||
| Other undisclosed noncurrent assets | 6,963 | ||||||||
| Total noncurrent assets: | 183,413 | 157,192 | 150,601 | 201,185 | 116,733 | 40,224 | 26,403 | ||
| TOTAL ASSETS: | 433,245 | 515,423 | 335,044 | 361,100 | 203,311 | 85,823 | 34,211 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 6,569 | 5,584 | 11,716 | 8,720 | 5,251 | 3,704 | 4,566 | ||
| Accounts payable | 565 | 1,288 | 1,736 | 3,662 | 1,912 | 1,576 | 2,670 | ||
| Accrued liabilities | 2,436 | 1,380 | 6,556 | 2,234 | 862 | 936 | 1,181 | ||
| Employee-related liabilities | 3,568 | 2,916 | 3,424 | 2,824 | 2,477 | 1,192 | 715 | ||
| Deferred revenue | 3,750 | 5,838 | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 1,907 | 12,310 | 2,571 | 4,835 | 8,902 | 5,600 | |||
| Business combination, contingent consideration, liability | 1,905 | 3,880 | |||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 13,203 | 9,252 | 10,803 | ||
| Deferred tax liabilities | ✕ | ✕ | ✕ | 1,566 | 1,070 | ||||
| Contract with customer, liability | ✕ | ✕ | 5,500 | 123,170 | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 218,695 | 322,411 | 146,802 | 10,181 | 41,126 | 22,836 | 1,031 | ||
| Total current liabilities: | 232,826 | 350,023 | 166,589 | 148,472 | 69,552 | 41,392 | 16,400 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 37,866 | 17,591 | 24,142 | 107,229 | |||||
| Long-term debt, excluding current maturities | 33,120 | 12,225 | 24,142 | 107,229 | |||||
| Operating lease, liability | 4,746 | 5,366 | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 4,313 | 2,156 | 461 | 2,005 | 3,012 | 1,604 | 1,437 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 1,125 | 769 | 947 | ||
| Deferred revenue | 36 | 111 | ✕ | ✕ | ✕ | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | 322 | ✕ | ✕ | ✕ | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 1,566 | |||||
| Deferred income tax liabilities | 1,595 | 888 | ✕ | ✕ | ✕ | ✕ | |||
| Other liabilities | 258 | 1,157 | 139 | 439 | 1,887 | 835 | 490 | ||
| Business combination, contingent consideration, liability | 2,424 | ||||||||
| Other undisclosed noncurrent liabilities | 6,273 | 876 | 66,973 | 24,581 | 12,656 | ||||
| Total noncurrent liabilities: | 42,179 | 19,747 | 30,876 | 110,110 | 69,985 | 26,185 | 14,093 | ||
| Total liabilities: | 275,005 | 369,770 | 197,465 | 258,582 | 139,537 | 67,577 | 30,493 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 158,240 | 145,653 | 137,579 | 102,518 | 63,774 | 18,246 | 3,718 | ||
| Treasury stock, value | (5,017) | (5,017) | (5,017) | (5,017) | (5,017) | (5,017) | (5,017) | ||
| Additional paid in capital | 429,912 | 419,827 | 396,102 | 391,927 | 346,322 | 295,044 | 279,649 | ||
| Accumulated other comprehensive income (loss) | (99) | 604 | (25) | (906) | (63) | 5 | (78) | ||
| Accumulated deficit | (266,760) | (269,954) | (253,642) | (283,643) | (277,597) | (271,875) | (270,903) | ||
| Other undisclosed stockholders' equity attributable to parent | 204 | 193 | 161 | 157 | 129 | 89 | 67 | ||
| Other undisclosed stockholders' equity | 1 | ||||||||
| Total stockholders' equity: | 158,240 | 145,654 | 137,579 | 102,518 | 63,774 | 18,246 | 3,718 | ||
| Other undisclosed liabilities and equity | (1) | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 433,245 | 515,423 | 335,044 | 361,100 | 203,311 | 85,823 | 34,211 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 76,064 | 65,507 | 73,150 | 88,952 | 54,442 | 35,542 | 26,906 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 15,175 | 14,936 | 13,278 | |
| Cost of revenue (Cost of Goods and Services Sold) | (29,500) | (27,414) | (29,836) | (30,830) | (12,619) | (8,117) | (7,340) | |
| Gross profit: | 46,564 | 38,093 | 43,314 | 58,122 | 41,823 | 27,425 | 19,566 | |
| Operating expenses | (59,376) | (51,846) | (94,269) | (64,385) | (42,823) | (26,198) | (19,883) | |
| Operating income (loss): | (12,812) | (13,753) | (50,955) | (6,263) | (1,000) | 1,227 | (317) | |
| Nonoperating expense | (8,514) | (4,626) | (2,010) | (1,221) | ||||
| Interest and debt expense | 8,312 | (2,221) | (15,447) | 479 | (4,626) | (2,012) | (4) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (479) | 4,626 | 2,012 | 4 | ||||
| Loss from continuing operations before equity method investments, income taxes: | (4,500) | (15,974) | (66,402) | (14,777) | (5,626) | (783) | (1,538) | |
| Other undisclosed income from continuing operations before income taxes | 8,495 | |||||||
| Income (loss) from continuing operations before income taxes: | 3,995 | (15,974) | (66,402) | (14,777) | (5,626) | (783) | (1,538) | |
| Income tax expense (benefit) | (802) | (337) | 24,111 | 7,229 | (96) | (189) | (219) | |
| Income (loss) from continuing operations: | 3,193 | (16,311) | (42,291) | (7,548) | (5,722) | (972) | (1,757) | |
| Income from discontinued operations | 72,292 | |||||||
| Net income (loss) available to common stockholders, diluted: | 3,193 | (16,311) | 30,001 | (7,548) | (5,722) | (972) | (1,757) | |
Comprehensive Income ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 3,193 | (16,311) | 30,001 | (7,548) | (5,722) | (972) | (1,757) | |
| Other comprehensive income (loss) | (703) | 629 | (591) | |||||
| Comprehensive income (loss): | 2,490 | (15,682) | 29,410 | (7,548) | (5,722) | (972) | (1,757) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (843) | (68) | 83 | 8 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | 2,490 | (15,682) | 29,410 | (8,391) | (5,790) | (889) | (1,749) | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.