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 investments13,42728,57728,82615,44427,79212,7671,158
Cash and cash equivalents13,42728,57728,82615,44427,79212,7671,158
Receivables5,3084,8524,80816,02813,3618,1084,671
Inventory, net of allowances, customer advances and progress billings2464496563,117509487784
Inventory2464496563,117509487784
Prepaid expense13,4753,28412,2183,1202,5881,2561,195
Funds held for clients217,376321,069137,935122,20642,32822,981 
Total current assets:249,832358,231184,443159,91586,57845,5997,808
Noncurrent Assets
Operating lease, right-of-use asset5,7486,450 
Property, plant and equipment8,9458,2817,8678,9485,2171,8782,212
Intangible assets, net (including goodwill)164,584138,510132,547188,147110,90238,30723,462
Goodwill86,01173,95868,697111,38777,34826,25917,436
Intangible assets, net (excluding goodwill)78,57364,55263,85076,76033,55412,0486,026
Other noncurrent assets4,1363,9513,2244,09061439729
Other undisclosed noncurrent assets  6,963    
Total noncurrent assets:183,413157,192150,601201,185116,73340,22426,403
TOTAL ASSETS:433,245515,423335,044361,100203,31185,82334,211
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,5695,58411,7168,7205,2513,7044,566
Accounts payable5651,2881,7363,6621,9121,5762,670
Accrued liabilities2,4361,3806,5562,2348629361,181
Employee-related liabilities3,5682,9163,4242,8242,4771,192715
Deferred revenue3,7505,838 
Debt1,90712,3102,5714,8358,9025,600 
Business combination, contingent consideration, liability1,9053,880     
Deferred revenue and credits13,2039,25210,803
Deferred tax liabilities1,5661,070  
Contract with customer, liability5,500123,170
Other undisclosed current liabilities218,695322,411146,80210,18141,12622,8361,031
Total current liabilities:232,826350,023166,589148,47269,55241,39216,400
Noncurrent Liabilities
Long-term debt and lease obligation37,86617,59124,142107,229   
Long-term debt, excluding current maturities33,12012,22524,142107,229   
Operating lease, liability4,7465,366 
Liabilities, other than long-term debt4,3132,1564612,0053,0121,6041,437
Deferred revenue and credits1,125769947
Deferred revenue36111 
Contract with customer, liability322 
Deferred tax liabilities, net1,566   
Deferred income tax liabilities1,595888 
Other liabilities2581,1571394391,887835490
Business combination, contingent consideration, liability2,424      
Other undisclosed noncurrent liabilities  6,27387666,97324,58112,656
Total noncurrent liabilities:42,17919,74730,876110,11069,98526,18514,093
Total liabilities:275,005369,770197,465258,582139,53767,57730,493
Stockholders' equity
Stockholders' equity attributable to parent, including:158,240145,653137,579102,51863,77418,2463,718
Treasury stock, value(5,017)(5,017)(5,017)(5,017)(5,017)(5,017)(5,017)
Additional paid in capital429,912419,827396,102391,927346,322295,044279,649
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 parent2041931611571298967
Other undisclosed stockholders' equity 1     
Total stockholders' equity:158,240145,654137,579102,51863,77418,2463,718
Other undisclosed liabilities and equity (1)     
TOTAL LIABILITIES AND EQUITY:433,245515,423335,044361,100203,31185,82334,211

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
Revenues76,06465,50773,15088,95254,44235,54226,906
Revenue, net15,17514,93613,278
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:46,56438,09343,31458,12241,82327,42519,566
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 expense8,312(2,221)(15,447)479(4,626)(2,012)(4)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (479)4,6262,0124
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 taxes8,495      
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)24,1117,229(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)838
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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: