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
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,42711,50620,29224,29028,57712,93929,259
Cash and cash equivalents13,42711,50620,29224,29028,57712,93929,259
Receivables5,3084,5953,4823,8734,8525,2205,541
Inventory, net of allowances, customer advances and progress billings246303279349449408550
Inventory246303279349449408550
Prepaid expense13,47513,3563,2023,3723,2842,5586,080
Funds held for clients217,376174,754207,432254,492321,069199,306112,581
Total current assets:249,832204,514234,687286,376358,231220,431154,011
Noncurrent Assets
Operating lease, right-of-use asset5,7486,1705,3966,3546,4506,8377,215
Property, plant and equipment8,9458,7648,6178,6628,2818,2758,505
Intangible assets, net (including goodwill)164,584168,499132,697135,604138,510133,344129,174
Goodwill86,01186,11473,95873,95873,95871,28968,697
Intangible assets, net (excluding goodwill)78,57382,38558,73961,64664,55262,05560,477
Other noncurrent assets4,1364,1294,2254,1073,9513,8393,693
Total noncurrent assets:183,413187,562150,935154,727157,192152,295148,587
TOTAL ASSETS:433,245392,076385,622441,103515,423372,726302,598
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,5695,7494,1795,4245,5845,1059,477
Accounts payable5651,2991,2727501,2881,0092,128
Accrued liabilities2,4361,7751,3191,0641,3807914,144
Employee-related liabilities3,5682,6751,5883,6102,9163,3053,205
Deferred revenue3,7501,5011,2791,6055,8383,5853,766
Debt1,9071,9143,27711,90112,31010,79415,695
Business combination, contingent consideration, liability1,9051,9052,0963,8803,880  
Other undisclosed current liabilities218,695176,089209,020256,226322,411200,470114,560
Total current liabilities:232,826187,158219,851279,036350,023219,954143,498
Noncurrent Liabilities
Long-term debt and lease obligation37,86637,84414,44815,75817,59118,75224,170
Long-term debt, excluding current maturities33,12032,80010,08810,68212,22512,90817,860
Operating lease, liability4,7465,0444,3605,0765,3665,8446,310
Liabilities, other than long-term debt4,3135,1351,9041,6572,1563,924844
Deferred revenue36516686111161214
Deferred income tax liabilities1,5951,4461,246985888362407
Other liabilities2586005925861,157656223
Business combination, contingent consideration, liability2,4243,038   2,745 
Other undisclosed noncurrent liabilities   1   
Total noncurrent liabilities:42,17942,97916,35217,41619,74722,67625,014
Total liabilities:275,005230,137236,203296,452369,770242,630168,512
Stockholders' equity
Stockholders' equity attributable to parent, including:158,240161,939149,419144,651145,653130,096134,086
Treasury stock, value(5,017)(5,017)(5,017)(5,017)(5,017)(5,017)(5,017)
Additional paid in capital429,912428,894421,633420,561419,827398,449397,692
Accumulated other comprehensive income (loss)(99)317396465604613602
Accumulated deficit(266,760)(262,459)(267,788)(271,552)(269,954)(264,112)(259,353)
Other undisclosed stockholders' equity attributable to parent204204195194193163162
Other undisclosed stockholders' equity    1  
Total stockholders' equity:158,240161,939149,419144,651145,654130,096134,086
Other undisclosed liabilities and equity    (1)  
TOTAL LIABILITIES AND EQUITY:433,245392,076385,622441,103515,423372,726302,598

Income statement (P&L) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues21,11317,98117,16819,80216,43116,01514,115
Other income 10,533     
Cost of revenue
(Cost of Goods and Services Sold)
(7,854)(7,113)(7,223)(7,310)(6,607)(6,942)(6,008)
Gross profit:13,25910,8689,94512,4929,8249,0738,107
Operating expenses(16,360)(14,941)(14,314)(13,761)(12,871)(13,749)(11,688)
Operating loss:(3,101)(4,073)(4,369)(1,269)(3,047)(4,676)(3,581)
Interest and debt expense (342)8,654 (2,344)  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (223)(224)(179)(408)14
Income (loss) from continuing operations before equity method investments, income taxes:(3,101)(4,415)4,062(1,493)(5,570)(5,084)(3,567)
Other undisclosed income (loss) from continuing operations before income taxes(1,061)10,003     
Income (loss) from continuing operations before income taxes:(4,162)5,5884,062(1,493)(5,570)(5,084)(3,567)
Income tax expense (benefit)(139)(260)(298)(105)(266)325(377)
Net income (loss) available to common stockholders, diluted:(4,301)5,3283,764(1,598)(5,836)(4,759)(3,944)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):(4,301)5,3283,764(1,598)(5,836)(4,759)(3,944)
Other comprehensive income (loss) (79)(69)(139) 11562
Other undisclosed comprehensive income (loss)(703)   629  
Comprehensive income (loss):(5,004)5,2493,695(1,737)(5,207)(4,748)(3,382)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent287   (643)5 
Comprehensive income (loss), net of tax, attributable to parent:(4,717)5,2493,695(1,737)(5,850)(4,743)(3,382)

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.

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