Asure Software Q2 Revenue Beats, Guides FY Revenue to $159M-$163M
ASUR sits 22% above its 52-week low of $6.8.
Summary
Asure Software posted Q2 revenue of $37.1M, edging past the $36.96M consensus, while adjusted EBITDA of $7.7M handily beat the $6.92M estimate. Revenue grew 23% year-over-year, driven by broad-based strength and higher product attach rates. The company issued Q3 revenue guidance of $38M-$40M and full-year 2026 revenue of $159M-$163M, with adjusted EBITDA margins expected at 24%-25%. This follows a May partnership expansion with FRPG Restaurant Rewards, which management says will bolster distribution in the restaurant vertical. The stock trades at 9x forward earnings, well below the peer group, and the $13 median price target implies over 50% upside from the pre-release close of $8.44.
At the time of this announcement, ASUR was trading at $8.27 on NASDAQ in the Technology sector, with a market capitalization of approximately $240.1M. The 52-week trading range was $6.80 to $10.25. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.