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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

         [email protected]
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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 2017 55,1 M
EBIT 2017 11,6 M
Net income 2017 -4,38 M
Debt 2017 25,0 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018 1 437,00
EV / Sales 2017 3,70x
EV / Sales 2018 2,16x
Capitalization 178 M
Chart ASURE SOFTWARE INC
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Asure Software Inc Technical Analysis Chart | ASUR | US04649U1025 | 4-Traders
Technical analysis trends ASURE SOFTWARE INC
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 18,1 $
Spread / Average Target 26%
EPS Revisions
Managers
NameTitle
Patrick F. Goepel President, Chief Executive Officer & Director
David A. Sandberg Chairman
Joseph Karbowski COO & Chief Technology Officer
Kelyn Brannon-Ahn Chief Financial Officer
Adrian Austin Pertierra Independent Director
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