ASUR - Asure Software: Growing Under The Radar As ERTC Creates Hiccup
2024-07-06 10:30:00 ET
Summary
- Asure Software reported good growth until Q3/2023, but revenues slowed down from Q4 forward as prior Covid-time ERTC revenues have nearly vanished.
- ASUR's underlying core revenues continue with great growth momentum with new services, partnerships, and clients.
- Growth is clearly still needed as earnings continue to be negative without incremental revenues, and as weak cash flows have caused significant dilution.
- ASUR's stock valuation has gotten more attractive as the price has fallen into a slight current undervaluation.
Asure Software, Inc. (ASUR), the human capital management solutions provider including payroll and HR solutions, reported expectedly good growth throughout to Q3/2023, also helping improve the bottom line. The growth has stalled since from Q4/2023 forward, though, posing a threat to investors as growth with the current cost base is critically needed for healthier earnings....
Asure Software: Growing Under The Radar As ERTC Creates Hiccup