ASUR - Earnings call transcript Q1 2022

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Good afternoon, and welcome to Asure’s First Quarter 2022 Earnings Conference Call.

Joining us for today’s call are Asure’s Chairman and CEO, Pat Goepel; Asure’s Chief Financial Officer, John Pence; and Head of Investor Relations, Randal Rudniski.

Following their prepared remarks, there will be a question-and-answer session for the analysts and investors. I would now like to turn the call [indiscernible] Randal Rudniski for introductory remarks. Please go ahead.

Randal Rudniski

operator. you, Thank and first everyone, for us joining Good XXXX thank earnings Asure’s quarter call. for afternoon, you

Following the also website close The of our on markets, we released section Relations investor is also – of on presentation. our can Investor earnings you our available the the you SEC’s can where website find and find release financial results.

some description may information non-GAAP investors use During our believes that will also our our call risks. as actual certain and expects, useful we to statements to and indicate believe along reconciliation encourage the SEC to expectations. such which for We of additional with on from items. call our events forward-looking found contain comparable refer Today’s today, involve to words and to that statements, of with current the timing A measures financial review we items, these future non-GAAP results in to you materially measures, can factors release. and be forward-looking will filings their of to exclude reference we differ GAAP cause such, impact and a could earnings be as most measures

Goepel, everyone like will to remind the turn the replay now to and is like over and section Pat? call Chairman of Pat it CEO. Relations Investor I’d Finally, a link recorded, that, With be would I being for available on made this via available our to website. call

Pat Goepel

remainder Pence of we’ll strategy today’s and update turn shareholder outlook or CFO, appreciate Software’s to employee, call prospective shareholder, interest, for I’ll a quarter of results and detailed our review Thank the begin whether our client, XXXX the year. and more you, earnings call. to Randal, our a your presentation We on sure fiscal everyone, the business first welcome, an highlights for over Asure or financial with then analyst. and John you’re

session with your time conclude to questions. answer then will the We

business we with EBITDA progress our quarter. and the performed non-GAAP to execution and plan, pleased in by grew in relative in am by I all, XXXX meaningful way We product the to XX% we business business areas. XX% the key first build solid continue showed delivered our We of First prior revenues and year. our momentum, sales of

also reoccurring representing business our We improved revenues of mix XX% total with our revenues.

the product the to XXXX. achievements turn I’m now really and we the XXXX into quarter, in Let’s a are important progress about over sets which for up looking of to across first that dedicated lot few first what effort and quarters. I excited the in technology. made achieve start and business remainder the innovation the able how of past we We us with the had were will culmination of of quarter.

between that morning to area Our enhance client streams entire Capital this now integrations, connections technology new main revenue focus revenue streams. XXX and prebuilt to our two provide the for this is Management One of platform believe ways has We with partners to create in a and area meaningful creating the Human there’s opportunity ecosystem. value new vectors. focus have foundation of we our our high solutions Asure. margin new example the new that for create with in great the this is marketplace to launched integration A have announcement we clients

our to We space feature pivoted our we development a culmination because business. technical of strong efforts able create ecosystem. we since become investments. We’re a play pure partner the Capital Management our to the integration through as sold to a new now marketplace Equifax It’s introduce commitment provider, in and platform Human of when research

solutions to excited and marketplace. the have to proud to We’re Board new them on bring

them time providers the positions provides employers into Treasury to geared our to to cycle. real Human automation clients. efficiently This Capital operate cash System launch is Management enable more our reduce of Management and for reconciliation payroll risk. Another It the visibility solution automates larger the bring critical new good daily of this example of to and enterprises and piece

technology transactional operated is to strategy way employees to from of The industry second tools we has legacy to and payroll the run move the important a new provide connect their aspect lives. our for world

creating solutions our this our more, are We new wage That means first hardened. supported through efforts initiatives wallets, APIs by earn now like electronic been our API in are strategy. employee and access, have area

new extended be with So other to our applications. products can providers

our employee is navigator compliance who example for million benefits, arrangement XX,XXX and with onboarding XX manages employees. Another with companies

of secure benefits, and employees to so their full reliable information other they enables and have can their manage information. them with compensation, integration with visibility Our lives

very also access. introducing about We’re hopeful earned wage

expanding in have. and it’s is the and we’re we direct to go. to a needs solution our of moves a This our us employees valuable relationship the marketplace the new closer vendors industry today roster, number Capital with having Management to service Human adds Our direction

unique market leaders it about deliver its of all and we value. assets look we in businesses unique going the future of is to to employees positioning is collection their Asure there. strategy intend is where and think product Our the to with taking This to be

very areas also the quarter proud of the achievements we infrastructure. We’re the of sales in and development made sales in

is well in this and we and of the XXXX. off. first into us in new the XX% organic the in achieved market pay positions delivering We is the of right our for to type half Our in performance accelerated second to sales This XXXX focus growth performance solutions beginning value evident quarter. growth annual on the believe

the unique and area human relative to underlying the The us unique solutions year. differentiate our segment, position growth resources two were technology We had area real also revenue success drove in from this strong and lines, its our sales into focusing business in strengthened segments. and tap our prior tax in good that of double-digit market our our segments provide first those business In sales tax the with our of relationships had organic to larger success enable initiatives We our quarter. expand in competitors. to client business lines filing and we marketplace us differentiation

We have a seen build quarter business first performance. impressive this momentum in with very

local continue potential time long-term this unique to HR business it’ll a a It the of provides organic the an business the service solutions. to state unique HR offering. our internal model fully our to growth a business about to lines, meaningful ranging several excited of from contributor service, way options revenues to medium HR using in We fraction differentiator revenues strong and – consulting, be and this employment bit human leading to enable year, up focus replace support, cost. with outsource The HR federal, all as and appreciate offers of resource line certified increasing team is digital our differentiated and to manager self of X% professionals prior demand in We’re comply of labor a market market complexity this today’s for our In and prior over comes edge our for business to underpinning size for a to solutions. at us relative the segment. believe small

have about we near we beyond. We and excited are success will this and future opportunity continued have believe the in here, we

of we in update, at acquired gone quarter. quarter eye demonstrated of intend January by We’re on it end integration the of keeping to the of made third extremely small By end by as opportunistic the an we acquisition XXXX and the well. we way two be fully resellers has the integrated opportunities, acquisition also the

the very efforts to our We’re underlying expectation. integration with pleased continue businesses execution to the of and perform

synergies Our acquisition and attend proven We delivers area. meaningful in this repeat integration. to model seamless future successes

to clients future develop businesses platform to a and our commitment state be for partner small for intact. Our most trusted the is

almost unprecedented of mobility from a and We’re change of regulation, environment in talent. labor perspectives

Our guide can our core focus this clients innovative their business. they solutions through dynamic so help environment, on

our results to in more to I to John hand Now, detail. financial would discuss like off John?

John Pence

Thanks, Pat.

at discussed this are the beginning mentioned several call, the Randal financial of As today non-GAAP. of figures

in description earlier the made You to Relations included our at today. themselves will in in of recent The a posted most reconciliations asuresoftware.com. find earnings investor that section the our GAAP presentation was also Investor of website available are release reconciliations our non-GAAP

first quarter. pleased performance Now onto Overall, our financial with are the in we results. the

of some the highlights. are Here

first revenues, quarter our a we as HCM of provider. highest since was terms In pure play quarter the revenue repositioned

growth million revenue $X.X Our versus in year by revenues. growth XX% driven quarter XX% was or the recurring in prior

by versus success prior where our of year this than more customers employee million and program, was through revenues government delivered tax by continuing aided retention $XXX,XXX $XXX increased stimulus credit our non-recurring of we to Our have program. now

margin We HR Non-GAAP clients of for also with as in at tax gross had strong cross the solutions. remains success we strong first demand selling profit consulting revenues. strong XX% saw and our quarter

have years, gross Over we our points. XXX improved the almost margins basis by past non-GAAP two

our basis. $X.X an previous rate our of in this The last XX% the our quarter We margin, to in at it’s an COVID response EBITDA of margin will points provides non-GAAP we rose headwind this result in look XX% higher we quarter. scale year-over-year and period, In business. looking fourth have efficiency of relative headwinds to to the to of revenues generated would despite to representing QX. sequential We validation first relative grew revenues. prior operations. year’s same our of margin our $X EBITDA to That we – year quarter in quarter, the impact XX% from stronger to without from the margins We non-GAAP business million this the the and conversion instructive continue $X.X as $XXX,XXX the accomplish even million. way also $XX.X EBITDA conversion the margin reductions business. the EBITDA EBITDA stable we to the by increasing quarter XX% remains XX% comparisons, EBITDA strategy on Non-GAAP quarter, face the that’s million to first relative non-GAAP of by second in grow which increase basis scale think year, million, by revenues. approximately the or was at a That to As at of in further quarter-over-quarter grew our EBITDA margins of on increase gains. XXX EBITDA drove these believe our continue that EBITDA benefits headwinds of expense by That a our

We As and we generate to improvement processes our capability. a and these second further stated portion in our strategy we of reinvesting XXXX. of will enhanced business before, expansion further year our technical in sales the profit in have XXXX, half marketing product enhance believe revenue and fuel to of investments that service and this improvements are activity activities support to

fund hold, value of begin investments $XX.X these themselves. it be temporary lead million. higher believe and creation As equivalents self of will ended quarter these to with Accordingly, in cash we take to from the headwind future. We the will the will cash we investments and levels

facility with $XX.X initial debt, remainder of $XX We million also draw fund of Client were our made of credit up had the acquisitions. the from million assets XX. is comprised senior notes million March under seller $XXX.X at which

keep XXXX. going I’m turn in the revenue to quarters remainder strong guidance to seasonally to It’s of in recognized as recurring are first year-end mind, W-X, Now is period. for this ACA important

the We following are guidance. providing

of revenues, end million million, guidance $XX to to revenues accordingly, Firstly, $XX low have full range XXXX a our the year guidance for we of range revised XXXX raised our $XX is and million.

$XX higher We a building we levels to Our of momentum experienced and of believe have is sales selling previous cross our range was activity. throughout million. guidance organization $XX million

positive the with confidence about of we performance extremely extensions revenue them. and selling giving We growth, us excited announced new our cross These levels higher unique revenue tax provide streams expect exit demand we consulting platform to organic platform with XXXX expectations innovations to and and to-date. have and are and strong our solutions technological HR activity, relating is of

million XXXX. we to EBITDA, $XX $X.X million non-GAAP a for are For range setting of

in trends variations recent seen EBITDA XXXX as the seasonal expect We same past. we’ve show to in

second incentives driving integrations is our underway. typically we EBITDA incremental higher in and will the balance performance also initiatives and year have quarter will XXXX, continue experience half innovative in lead the continue From in than the prior technical XXXX, the second a Non-GAAP EBITDA XXXX we little higher first In revenues headwind come the for lower tools, the the current period performance, which of accelerating to to second is of second through the expect more marketing, followed non-GAAP in other platform quarter to seasonally designed make and of quarter, restoration and the the utilize of expected partnerships in with year. of sales cost EBITDA strengthen the sales investments leverage by remainder robust to of year. the advertising, to in quarter will The benefits of quarter quarter, revenue we second and head the we levels for prior count, than year. adjusted strongest in

to continue XX% beyond, mind. revenue. into in and in objectives XXXX Looking remain revenues organic Those annual focus XX% our growth targets growth inorganic and long-term of achievable in our we

business via synergies last also EBITDA the couple revenue scales, deliver efficiencies. from over upside the think We We gains non-GAAP margins believe we that scale as can acquisitions. of performance by potential and a delivering can shows deliver our and quarters we XX% building margin

We goals longer to on achieve deliver these some term call With to turn the have we the tools closing that, focus I to and Pat intend will remarks. and them. back for

Pat Goepel

Thanks, John.

are community. our We’ve retention entire tax bring such product with tremendous clients. the and enhancing for innovative HR We’ve and Asure our consulting believe our resonate technology for own XXXX. for our strong in success We ahead solutions this solutions to sales service We’re experiencing to improve marketing organization had clients invested continues program solution. opportunities cross-selling while the really capabilities. employee also in developed our in our stakeholders about partners, tremendous to value some developments client value demand tax to and will and and excited credit We’ve market area deliver with as the and great in

robust We acquisition XXXX is to they’re operating of proven proving we’re levels these the scale expect our investments beyond, more our objectives, business, hitting half in areas, to business and happy our have The in the business seamlessly, our the in and model organic and growth helping strategy bring integration revenue margins here. we’ll second gone has build are itself. of also

streams double-digit XXXX will year of with value portfolio our for expect strong revenue strong and and that We a solutions innovative growth, a is poised margin revenue be deliver performance business. new to new

So Operator? I’ll for questions. that, with to call the operator send the back the

Operator

line you. of Cowen. Our first Bergin from come [Operator will from Instructions] Thank question Bryan

open. is line Your

Bryan Bergin

guys. afternoon. Good Hi, Thank you.

there looking good here, commentary that year-over-year? organic point got curious X% bit why growth, a just just matching I’m First so here on on the in the we’ve up little Can one, you more the dig we’re slides. with at performance and you isn’t out. bookings that the

factors maybe churn just you comment or client year-end on that? are can causing that So other

John Pence

the comment, when we actually give of year I looking I you we Bryan, W-X think I’ll impacted one were favorably were at comparisons, last year-on-year think on kind revenue.

of employees kind employers. about of based a on If W-X you it’s think revenue, by number

year, or same to they they the need So provided – if that you employee. work example, for if to one get still day entire W-X worked the it’s

I our employees think we churn of had that more through kind year. customers in of and COVID out

actually but down So our core was not XX%. W-X business, revenue like in probably substantially,

that. So I any I perspective. from think thoughts know the don’t on that’s difference you a Pat, little have my bit compare other if of

Pat Goepel

the Yes. versus also think And revenue it just bit repetitive the mix I of a is some non-repetitive. little of

double and the first I digits. quarter to to that at think then quarter, normalized in the fourth single going we’re digits be moving

especially is repetitive. really, really And in sales, strong, where is growth I the the so And revenue good strong. feel repetitive we about XX% are pipeline

that you’ll go these up. think we I quarters, through So incrementally see move as

Bryan Bergin

Okay.

just Okay. on And ERTC here, then offering. your follow-up

comment can kind that’s start just this as you think you you us of any mix maybe just can a on off does going about of and forward? – demand So that context tail When give to from standpoint provide. revenue the

John Pence

definitely has really for or the to to robust. be available Look start So so program’s going back, not? it’s less somebody think be going I that tapped five years, to right. be already it’ll

then already that be the that the four year can made customer of back still sold yet. if years, a this think it’s a but I hasn’t half and filing in product

Pat Goepel

and third, and It to and as fourth then And good continue that, real trail bit. continue, like done third a in John delivery probably not from quarter. we’ve the the still fourth will sales the anticipate I as of the it’s started the delivery far continue, delivery first quarter, quarter. will as that Yes. demand robust maybe will as here mentioned, but bookings, and

Bryan Bergin

you. Thank Okay.

Operator

of from will question Company. & next our line And from Josh the come Needham Reilly

may begin. You

Josh Reilly

for taking questions Thanks my today. Yes.

the integrated up about on given are kind I in You’ve and here thinking how be give investors you’re there. helpful thinking the to deals the curious, acquisition most two Just now? of recent volatility an update you think the strategy it’d got markets, what

Pat Goepel

towards be pointing think I you’ll continue and see don’t XXXX are looking I’m anything We’ll really the half really XXXX. opportunistic imminent, Josh. Yes, second of that. and to at

We’re focused on capability go. and the business add our really tuck-in and acquisitions we product building out we’ll as

So opportunistic. continue nothing we’re going be imminent, to but to

Josh Reilly

either the last impact customer some then more now in the any And States? seen confidence United Ukraine it. has macroeconomic in Got war to weeks the have started you more issues few localized or since recently

John Pence

and anything too. seen comment Pat let not have I’ll I put

I audience, lot right. There’s back job a real having still to struggles out we work there. our think target getting people we enough still in openings still for, of

I Ukraine think to tied competence. So necessarily that’s are don’t

customer a think of wanted lot times I there’s still our base. help out in

Pat Goepel

Yes.

We’re really Main Street America small business.

shop you’re environment are whether good people is bank pretty think We demand and looking for that solutions union, I high. credit or our you’re looking help. a believe for restaurant, retail

I think inflation really for getting in and or help more serving digital also be active presence a the them do we others the to Ukraine folks but that. and in want upgrading war customers to our to customers feel bit, want news, or a

very will I and continue grow. strong for think demand the to So us environment’s

Josh Reilly

guys. Thanks

Operator

Street. question next come line our the will Lake And of from Martinuzzi Eric from

You may begin.

Eric Martinuzzi

competing I us What Yes. your about talking And where can for sales competitive attention partners. dive the about to direct – wanted your for is the tell you landscape the into sales of specifically here. that? I’m force

Pat Goepel

on think – force, sales very I filing tax example, for our partners demand high. is So, the

main tax standalone environment. we tax environment, a Those an competitive are whether we’re a in it’s master two Ceridian the think competitors. or So ADP

announcements second third and the you some in further will wins on think quarter. see I some

area. first business did the On in year. consulting, in the grow we’ve than pleased will management very more That pipeline sold think quarter last to that is small the down human very, bringing there. all of actually business tenure I really line think very strong with we average we continue we’re out new to services, get our sales more very, went and going we’re on. competing I And people because in month, people, as a And sales effectively. continue

a fourth XX theback the of be quarter year. in and goal the have third, to We half over

and we we’re So effectively. because to we’re continuing adding, compete then think can we add

critical that for continue The something open the pretty reseller area half and As far our And as it through that we there’s we that good with garner will we’ll down as able think to faster today our I say, is road. to and we partner think wants to the customers success, a the have more we’re would in microservices is announced to solutions have our because believe traction been year. up network demand of more available those APIs here spin technology, network, the that pipeline. second and we’ve more

we’re half and very the think we nicely of for positioned momentum there the the So year. is second

Eric Martinuzzi

now feel first? some because didn’t we mean, you to opportunities you year like, marketplace weren’t Do because lost like the you feel API have ago. a I the where Do were compare you integrations if versus you platform is

Pat Goepel

laid get a care and changes really take partners had for – core to the question, Eric. new we’ve great we Everybody services. – get it’s work. some acquiring go time. than no customers. you in their were And foundational also in previous maintenance the probably some It’s this efforts From of it’s and question our point that about years this aggressive been years two in think more XX. to tax law building the think now And and last seeds there very it’s There’s time when I but to we’ve to four COVID three, done perspective, through

work last upon half. second evolution me, done for think some for and well in of poised years. an timeline the we’re over the we’ve the So really couple I attended of And success it’s just the

Eric Martinuzzi

into How full Okay. flow? to of that And EBITDA year if does translate the outlook more, then cash just I for free could, one $X.X $XX based John, on million million. adjusted

John Pence

That’s a good question.

interest. ones I those non-GAAP GAAP reconciliation, I can’t bit of major reconciliation, adjustments commissions And little issue the think of that kind be items. would probably the them you look if then there’s to between three see but at arbitrage on really the that and a mean, that capitalization, software biggest are

key actual free see out EBITDA. those flow, cash kind but the kind of strip the in think, I can would of GAAP flow cash the You of non-GAAP in you drivers three, of be versus terms those what

Eric Martinuzzi

my… Thanks Okay. for taking

Pat Goepel

Thanks, Eric.

Operator

Baldry question come next line will to Roth Richard from of Capital. Our

You may begin.

Richard Baldry

dilutive but be upfront Thanks. With or this to that of integrated were. costs, recent time argue more acquisitions, cost of sort Does we’ve essentially there that they accretive slowly they’re fully now and most your typically then out over wise came balance respect those be to the two in year? they seen taken cut when of are still costs them through

John Pence

onto to little out, bit bit more If quite but integration. acquisitions, ID. re-papered, hit Yes. accounts as they’re the a good in model extra key past our There’ll I bank we on a We’ve across on terms the be came a federal we come a of tightened bring point. think employees lot did of with didn’t

So [indiscernible] systems maintaining them. versus payroll for they through our payroll separate were

So to think place. of getting be are better our creative, lot in more sooner, in They get terms there’s a the more out with the lot rationalize we become but to of still as a cost processes going playbook I we acquisitions.

getting on might plus For have not way all might the systems office a common not the example, yet. be the maybe some phone of yet, back

come So that savings you’ll see additional dramatic. out

out a think quicker than lot gotten it’ll time, lot we’ve I be synergies a in of gradual over past. the but

Pat Goepel

forward. say acquisitions Yes. I us we’re going ahead in model and gives that confidence six of acquisitions would previous months three these to the with

Richard Baldry

Most addressed. of mine

is model your very tough how to tax building the of broad interest business. the just it from with you sort costs of maybe people So how keep earned that inflation about talk off could withholding out to balances concept Thanks. think find hot. incremental anywhere versus in Can running a impact you or

John Pence

near-term to amount kind for are of some mean might hit of are You going be locked the the of We outside outside freight. of time, I There right? kind have can bill, to contractors to key Big don’t in be of be right? most cost hits some points, where they’ll in employment on about or And pass benefits XX% to our on pass to our employees. is So that a employees, structure cost to structure of of is we wages generally our part us. cost customers. right? going our

that pressure like wage just that us happens, anybody else. impacts as So

we’ve So got figure to cost deliver out to still ways accretive effectively. service the

try So that’s to on figure us about you on key float, the out we’re hit process. point to in a

over about I the think that of journey. done our about we we’ve talked how last couple we’re it in footprint calls well and were kind of terms rationalize banks

think as really for get going view. I well this into it’s to time us bank we consolidated

We’re and sitting us. any work top for the the we money time up, go line put that obviously average point at can on an that, that rates to and adds $XXX in as million to

So take out don’t to played in but Fed’s got come the if some think not that our ton back that we model, I in, we’ve rating get to of we’ve necessarily to a all going year after in immediately. uses

in would on we As average about we that have ladder a long. invest years probably three

office go to have we more we and It’s back money as So good. rationalize, the as put cooling to get start money we all up. work more rates

thoughts. have the have some we – us, that’ll if that’s potentially on other any you but Pat, cost of our pressure. rating for pressures don’t I the again, know So wage benefit

Pat Goepel

just of No, think from we some in the we’ve anticipate moves that the I modeled Fed.

lower guides our of XXXX. that, raise in revenue able were than But the modeling of the overall and be our guides. much we raise EBITDA think I impact end will larger to XXXX

as and play definitely So we’re the some treasury the well impact float momentum seeing tax XXXX. as in XXXX of will

Richard Baldry

of the space. that maybe pricing back And time contrast going long part in a power, with lot payroll got experience you’ve a

the So perspective on inflationary overall elastic like to market potential price you from how offset do some those just impacts an of is feel costs?

Pat Goepel

Yes.

incorrect those XX I which payroll if I’ve industry as – talk something satisfier we a integrate. to relationships important. to got on gotten they something services. But some been lock negative really about as do you I And relationships means as being right. I typically, is over do those great needs really or with But job you years. you multiple react business. products I’ve saying ever think fixed, – in be in letter Pat, trusted have power quickly. haven’t and think a don’t always vendor are taxes, and pricing And I the the customer And

We we’ll go do think a We think to good we’re get do well-positioned clients you do as have power. up some if rates and importantly, services. we’re benefit more our you short-term. job, providing and pricing interest So value some as

So environment well we think value we’re in positioned this drive continue and to forward. we’ll very

Operator

you. Thank

will Capital. next the Van Rhee of Our Jeff come question line Craig-Hallum from from

You may begin.

Aaron Spychalla

this Jeff. is Hey guys, Aaron for on

Just a couple quick ones here.

First sales XX on targeting by head last XX quarter think with count, finished you I year-end.

in quarter. have seeing Just ramped. on total the anything an those curious then if number as getting them during you there reps hired And and update you’re as far process getting of

Pat Goepel

Yes.

progress sales or with made that Just close reps as joining the SDRs, to some probably that so environment are XX in Asure. we somewhere area, and as to far committed

that’s so up And five so. maybe or

feet it’s quantity. because the quality, not Naturally, as for more far can them process think we we on us As the want productive. street have we

it where I almost to a gives which quarter. third beat we think year is a lot of say second us would XX% was pipeline got confidence. we And that year-over-year, increase ago, double Our a in shot the and

good So say it’s in a momentum hire really is people tough the sales right a now. that environment area. in hot that I to lot market of would

successful XX giving see for I want talent, really more, more tools the be more do an to them but So right right we’ve to important also in in really, a of us to in really game and done people the job of want hiring well. to and We year. and a good that right investing them opportunity end the the the future getting think by be hiring it’ll get the of hire to

Aaron Spychalla

the helpful. you areas if cross then it, most uptake you. quantify cross mentioned on, the sell and seeing, some just seeing and And I you’re where sell to Thank one, the curious I apologize are where Got strong sell? you. That’s second the cross premier of then you’re on missed but anyway

Pat Goepel

we than consulting some I and of year. good where highlighted quarter success more first HR Well, last and all in really having we’re sold sold the services we

taking fact products an for that’s average are excellent clients the that plus get So three step a our stat. The go great right is from us.

ERTC, bit provide and We’ve on. year tax the sell need some HR we had tend goes with last services and we products well year. which as the of attendance be but to think time movement, that as filing little data as lead success and kind over I consulting, cross naturally to more really in good on, we’ve the money a highlighted

more data kind provide up then formal – cross month walk deck, of we meaningful guidance over So our bit progress come. a the more numbers. to investor our on per as those selling. $XX in in throughout get the little And and year And employee we’ll to per a there’s

Aaron Spychalla

it for That’s Thanks. Awesome. me.

Pat Goepel

any Operator, you. Thank other questions?

Operator

not I’m at showing queue questions this the in any moment. further

Pat Goepel

Well, time I listen, appreciate Great. today. your

we we’re well Asure. We’re very pleased on take what accomplishing we and the next We forward your at executed thought We with and good first here to appreciate plan. time, the look up quarter. year you the care. throughout feel And business guides interest set about seeing

Operator

you Thank participating. And this for conference call. today’s concludes

a You may great. Everyone, now disconnect. have

Asure Software (ASUR) 10 May 222022 Q1 Earnings call transcript