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4-Traders Homepage  >  Equities  >  Nasdaq  >  Asure Software Inc    ASUR

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Asure Software Inc : Asure Software Updates Earnings Announcement

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03/20/2012 | 09:52pm CET

AUSTIN, Texas, March 20, 2012 (GLOBE NEWSWIRE) -- Asure Software, Inc. (Nasdaq:ASUR), a leading provider of workplace management software, will move its fourth quarter 2011 earnings conference call to Thursday, March 29 at 11:00 a.m. EDT (10 a.m. CDT) to further discuss the quarter and full year results.

To participate, dial (877) 853-5636 ten minutes before the call begins. International callers should dial (631) 291-4544. The conference ID number for all callers is 59604584.

"Our team is currently working through detailed accounting issues related to the amortization of the purchase price allocation from acquisitions and embedded derivatives," commented Pat Goepel, Chief Executive Officer of Asure Software. "We are confident that our fourth quarter results will at least line up with the high end of our guidance range of $540K - $630K in EBITDA and $3.530M - $3.630M in revenue. In addition to our revenue & EBITDA, we are very pleased with free cash flow in Q4 which was more than $1M. Our decision to move the earnings announcement date stems from the prudence of our due diligence, but our expectation of results at least in the high end of guidance is strong."

For those who cannot listen to the live broadcast, a replay will be available shortly after the call on the investor relations page of Asure's website at http://investor.asuresoftware.com.

About Asure Software

Asure Software, Inc. (Nasdaq:ASUR), headquartered in Austin, Texas, offers intuitive and innovative technologies that enable companies of all sizes and complexities to operate more efficiently. The company ensures a high-performing work environment by integrating its "keep it simple" solutions and expertise to more than 3,500 clients worldwide. Asure Software's suite of solutions range from time and attendance workforce management solutions to asset optimization and meeting room management.http://www.asuresoftware.com

The Asure Software, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11986

CONTACT: David Scoglio, CFO

         Asure Software, Inc.

         512-437-2732

         dscoglio@asuresoftware.com
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This press release was issued by Asure Software Inc. and was initially posted at http://investor.asuresoftware.com/releasedetail.cfm?ReleaseID=658483 . It was distributed, unedited and unaltered, by noodls on 2012-03-20 21:48:48 PM. The issuer is solely responsible for the accuracy of the information contained therein.

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Financials ($)
Sales 2016 36,3 M
EBIT 2016 2,36 M
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EV / Sales 2016 2,70x
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Number of Analysts 6
Average target price 12,4 $
Spread / Average Target 12%
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NameTitle
Patrick F. Goepel President, Chief Executive Officer & Director
David A. Sandberg Chairman
Joseph Karbowski Chief Operating & Technology Officer
Brad Wolfe Chief Financial Officer & Vice President
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