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C Asure Asure Announces Second Quarter 2021 Results August 9 , 2021 AUSTIN , Texas , Aug. 09 , 2021 ( GLOBE NEWSWIRE ) -- Asure Software , Inc. ( Nasdaq : ASUR ) , a leading provider of cloud - based Human Capital Management ( HCM ) software solutions , reported results for the second quarter ended June 30 , 2021 . " We're excited to see the growth strategy we laid out for investors fulfilled in the second quarter with 22 % year over year revenue growth evenly split , approximately , between organic and inorganic growth . Our prior year acquisition of Payroll Tax Management , which powers our internal and external tax engine , was a key contributor to our inorganic growth and continues to generate significant interest from prospective clients , " said Chairman and CEO , Pat Goepel . Goepel added , " Investments in Sales and Marketing are paying off with bookings up 48 % year over year and productivity continues to climb as sales reps further develop their referral sources . Also , I couldn't be prouder of our team as they've helped our small business clients file for nearly $ 100 million in Employee Retention Tax Credits ( ERTC ) in the second quarter . This critical stimulus program will help them hire staff to grow their businesses . We're encouraged by early signs of the economy re - opening as our small business clients are largely back to business . Uncertainty remains with COVID - 19 but , we're optimistic about tailwinds in our base as employment levels rise - our plans to grow revenue 20 % annually remain unchanged . " Second Quarter 2021 Key Highlights • Revenue of $ 17.2 million , up 22 % from the prior year's quarter , and up 6 % sequentially excluding year - end fees • Total bookings were up 48 % year over year , 51 % sequentially • GAAP net income of $ 3.8 million including PPP loan forgiveness of $ 8.7 million • Non - GAAP EBITDA of $ 1.1 million , or 6 % margin Signed commitment letter with Structural Capital Investments to enter a $ 50 million credit facility ● in thousands , except per share data ( unaudited ) REVENUE GAAP Revenue GROSS PROFIT GAAP Gross Profit GAAP Gross Margin Non - GAAP Gross Profit Non - GAAP Gross Margin EARNINGS GAAP Net income ( loss ) GAAP Net income ( loss ) per share Non - GAAP Net income ( loss ) Non - GAAP Net income ( loss ) per shar EBITDA EBITDA EBITDA Margin Non - GAAP EBITDA Non - GAAP EBITDA Margin June 30 , 2021 $ $ $ $ $ Three Months Ended June 30 , 2020 17,168 $ 9,945 $ 57.9 % 11,335 $ 66.0 % 3,764 $ 0.20 $ ( 71 ) 0.00 8,328 $ 48.5 % 1,064 $ 6.2 % 14,115 8,107 57.4 % 9,129 64.7 % ( 3,944 ) ( 0.25 ) 452 0.03 136 1.0 % 1,409 10.0 % Variance 21.6 % $ 22.7 % $ n / a 24.2 % $ n / a June 30 , 2021 NM $ NM $ NM NM $ NM $ n / a ( 24.5 ) % $ n / a Six Months Ended 36,970 $ 22,437 $ 60.7 % 24,911 67.4 % 2,166 0.11 2,171 0.10 $ June 30 , 2020 $ $ 10,922 $ 29.5 % 4,486 12.1 % $ 33,061 19,213 58.1 % 21,275 64.4 % ( 5,711 ) ( 0.36 ) 3,767 0.24 2,138 6.5 % 5,694 17.2 % Variance • NM indicates Not Meaningful Information • Non - GAAP financial measures are reconciled to GAAP in the tables set forth in this release • Note that first quarters are seasonally strong as recurring year - end W2 / ACA revenue is recognized in this period Financial Commentary 11.8 % 16.8 % n / a 17.1 % n / a NM NM ( 42.4 ) % ( 58.3 ) % NM n / a ( 21.2 ) % n / a