ASUR - Earnings call transcript Q2 2024

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Operator

Good afternoon, and welcome to Asure's Second Quarter 2024 Earnings Conference Call.

Joining us today -- on today's call are Chairman and CEO, Pat Goepel; Chief Financial Officer, John Pence; and Vice President of Investor Relations, Patrick McKillop. [Operator Instructions] I would now like to turn the call over to your host, Patrick McKillop, for introductory remarks. Please go ahead.

Patrick McKillop

Thank you, operator. thank earnings joining results and second for everyone, XXXX quarter call. afternoon, you us for Asure's Good

Following the the close where financial our results. of Relations you the market, earnings Investor the is we can release also available investor at on website SEC's find and The website investor.asuresoftware.com, released presentation. our

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

Lake held be hosting the one-on-one in that the Conference Also, a virtually. hand our activities. take over being call will will Conference, the team Pat but XX, a we Barrington folks to September is to On meetings I just I upcoming wanted same a attending in Street remind at New which the have member to Fall Relations moment moment, day. of York Investor will

to to of assist investors. Investor efforts I are us in months anticipate like October. held hosting which and you on more to our for last Needham is with is to We important participation and we fall schedule forward outreach being based on would connect one-on-one all November, during conference soon. SaaS Asure, those thank We some the are planning roadshows in very Conference, September and non-deal meetings all virtually. connecting with look year's that the at Also

would link everyone be Investor I available being replay to website. remind recorded, via our this a it will that like of is call Finally, on the made section Relations available for and

would Pat and the to turn I Goepel, that, now Chairman to CEO. over call With Pat? like

Patrick Goepel

XXXX. Patrick, quarter Asure XXXX everyone, our we you, welcome, results Thank call our outlook joined update second CFO, I to of XXXX John rest quarter on well as and am will earnings business results as Software's our for provide by second and for Pence, a call. this the

answer we questions. be to Following our remarks, your available will

at a Our very revenues our improvement. coming second revenues quarter, were solid, up in nice quarter which the during is reoccurring $XX were million, XX% and

Our which strong to Tax contributions revenues Payroll refer funds were and held by from we offering, our earned Asure interest for Management from clients, float. as driven Marketplace

are see of during and rates pleased deliver During believe that half growth we X% back to double-digit our organic QX, will in QX, the increased to growth we from XXXX. X.X% we

make may roll money revenues and XXXX, growth. double-digit technology, In deliver acquisitions, ERTC over to improve we you recall, raised our

in lie by well our of continued Vensure. XXXX. excited opportunities Tax the our we the first about ahead business, Payroll very We We plan as Management that the with recent momentum half are have and executed this with pleased business evidenced announced deal of very for remain the

HR for technology operation. for management tax deliver Tax comprehensive our the and Vensure, Management will service held clients and sector, solution Payroll with organization deal largest Our Vensure's privately the in PrismHR internal payroll

grows, expect contribute as float as our And Workday payroll tax it for the balances this our time, that SAP to in enterprise will is solution. significant coupled a the business with and wins of space we well. with win This providers clients, growing over

the look future. forward for remains pipeline solution deals and we in this potentially more robust, Our to announcing

for a We premier collaboration process. comprehensive midsized of more efficient to screening with screening to safer also background hiring solutions facilitating and a recently a and have expand background partnership access This formed aims small provider services. businesses, MyHRScreens, a

is applicant Asure's medium-sized an businesses. acquired product an includes technology system we small July, job ad rated system good which as and automated, all-in-one to for enhances good our hiring HR a tracking existing writing suite complementary company, posting auto Compliance solution. cross-sell interview plus This technology tracking scheduling submission opportunity creates such applicant in job services The tool, simple, has which Additionally, powered for features highly by very and and AI, automated growth major us, sites. it to

grow proactive health continues and our small products announced health to tax Asure portfolio previously management solutions for enable really program payroll like Our to more to are partnerships businesses. services. great HRlogics offer of partnerships additions in for These for management in others and to addition that medium-sized and addition and credit processing tools

have existing clients. now a as win teams product arsenal as broader well upsell sales Our their new business to offering in help

the our such businesses payroll offering is to allow there government. from small to mandating with to win SECURE funding tax set they to by driven U.S. is Strategic offer states plans clients, businesses The available results. to our the continue for up through these credits many XXX(k) XXX(k) such bundling as X.X need Act to sales small as plans plans services positive from new continue initiatives and us see

small help this successfully. businesses the process Asure to expertise has navigate

second versus quarter Our bookings efforts prior resulted the the in during a XXX% increase new year. sales in

projecting sales go help XXXX. our work which increase we to support efforts force productivity. continue of we We year-end by digital to with reps Also, continue expanding the and on to team leads make use about headcount, sales sales XXX to marketing to are

acquisition. full anticipated and of current guidance trends, still is $XXX of of we variability of a our timing enterprise to range closing million, XXXX $XXX margins large forward our a XX%. XXXX and XX% of business revenue implementing range million year result adjusted of we're updating guide expect EBITDA on and and Based The to between both arrangements

a XXXX for double-digit we XXXX implies in guidance if revenues very ERTC rate comparison. growth from healthy Our exclude

to hand off discuss as guidance. to as like in it our detail financial our John? X well John quarter more to I'd Now results

John Pence

Thanks, Pat.

of call, today financial non-GAAP the several given As of basis. Patrick discussed a the mentioned at adjusted or on this figures beginning are

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

Now on to the second quarter results.

in $X.X Second X% $XX quarter a down owing year-over-year, or revenues million, reduction revenue. million $X.X were to ERTC million

ERTC, total to quarter. revenues prior of $XX.X prior the the for Recurring Recurring second excluding million. XX% XX% grew total up in were However, the year revenues year. revenues XX% our from versus for revenues quarter accounted

$XXX revenues increased and throughout Tax combined from with recurring increased of strength on balance quarter from our grew the client revenues revenues Second with Payroll new quarter, of obtained approximately float revenue average the through customers Management million an acquisitions. solutions

the margins quarter prior in second to total the decreased gross million gross the Net million decreased a $X.X year. in the attributable of year. the during the from is margins XX% from The to loss for second for the was XX% loss quarter quarter net year. second quarter prior Non-GAAP versus in primarily second in in $X.X revenue. prior margins decrease decrease Gross for the to XX% XX%

the We scales. term continue over the to as margin longer believe there business substantial upside is

and Adjusted EBITDA million in year, decreased And million, the XX% the cash from to prior quarter the we equivalents $X.X with in $X.X $XX year. EBITDA the cash prior second of second for have the decrease quarter margin second compared adjusted consistent with the $X.X was EBITDA of the million, from $X.X million down in million revenues. for We million. quarter year. with our was and in XX% debt $X in ended prior the quarter

and Now of of $XX And be revenues we XXXX, adjusted million quarter the for third $X million. be $X range between is guidance guiding in for third anticipated to of $XX terms quarter in EBITDA the third the to quarter to are million. million

to are the margins range our in to XXXX with XX%. million guidance of $XXX We $XXX between to adjusted EBITDA full million XX% updating year of be

is recognition the from timing both of for guidance result organization. arrangements in of enterprise our implementing his into revenue range comments variability and expanded anticipated mentioned Pat earlier, the acquisitions figures closing, As and of in XXXX large the

over with and model, our in deliver $XX back of million last have XX being feel being executed far to And in months. with half the Xx from paid growth our to we the improved annual how prices X% average acquisition so at strategy acquired we about Organic recurring and nicely We good X.X% digits the expect between Xx in QX, revenues. consistent year. revenue this double QX been coming has in in

We in year inorganic and organic assume continue a of our current to guidance. combination growth

in quarters. increases the remains products, outlook robust, as evidenced the recurring core The by in believe, X last revenue for the strong we

we impressive revenue. XX% was quarter which recurring as last are revenue ERTC revenue second very with in this revenue a as year's replacing is recurring high-value quarter, of percentage onetime XX% Our versus improvement

optimistic of the we as well are back In XXXX. of about die remainder executed go ERTC. believe we headwinds down against through plans half and we The past we as conclusion, ERTC move our XXXX have enter XXXX. the will We

on delivering compelling remains the to focus solutions growing Our business our and customers.

call With Pat that, the I for closing turn back remarks. will to

Patrick Goepel

John. Thanks,

have quarter to delivered pleased of results in second the solid are We XXXX.

a revenues products second of combination with strong build Asure was as year-over-year acquisitions more quarter Our for success. growing and we our XX% in recurring launching be very active the completing plus position future to

products growing that will on the feel a half improving our focus business, XXXX. of have more be continuous first technology effort, excellent we we and offering made Our progress in and the

our and multiple need medium-sized few last to more valuable than the payroll. partnerships to just with services. addition services business in Over payroll to quarters, our we've able to be owners Small offer assistance announced more clients

offer which eligible uncover products care for, be premiums. them health credits tax proactive may management in aid that to ability programs, Our help health they again lowering to

in business practices MyHRScreens, all tools and important example, preemployment which aid succeed. to need hiring background can tracking very performing check, in them owners that aid these an their technology them for to applicant are

where which are and leave as Harassment HR difficult for owners we have grown all Our act example the another owners to minimum such years. laws, exponentially can employment wage business regarding offering navigate laws also small over Compliance help small complex is business training family manage. the

QX year-over-year solid previously, exactly well comparisons that. We due to ERTC. to unfavorable against we have out The Asure evidenced believe and summary, future. In robust, Tax potentially we're our more expected Management recent continue, and pleased with also The our Payroll potential, of pipeline a acquisitions, we the delivered extremely as we the technology grow Marketplace laid capital announce double Tax have executing digits, which by is to great very with plan the Management included raising deals done in is believe we're will backdrop we've improve our make have to momentum of has and some another growth recent performance Vensure. in and for deal Payroll on

last identity the months, more. annual million technology Over acquisitions, in recent and launch of approximately $XX bring access X reoccurring made in self-service, XX the improved we've best-in-class revenue, our which with role-based employee

revenues recurring we're XX% growth second this replacing double-digit percentage last of will revenues revenue. XX% and in of a quarter, quarter, in very reoccurring quarter revenue onetime at from has we increased revenue to grew double-digit XX% believe Recurring the is which our more future. more rate in that impressive be as as with Our year's valuable ERTC there in this stat

we to both Our detail year look XXXX as more now new during positive release when our on starting our to clients, next of forward are We more than results. forward last ERTC guidance and to continue look The in doubled the have small. to large bring and we versus headwinds and backlog deliver balances earnings issued outlook we to on continue remainder providing dissipate, November. XXXX from

thrive, provide human management human providers to capital large streamline continue small grow compliance. and capital innovative enterprises businesses solutions that will tax their We management base help

Thank you our remarks. prepared to for listening

send I'll the Operator? the that, session. to back operator the with So question-and-answer for call

Operator

Company. Reilly & Instructions] Our from question Joshua first [Operator comes with Needham

Joshua Reilly

job the here. quarter on Nice

what it's versus So I review deals? starting the prior look enterprise tax different float revenue, assume we whether can around around this of XXXX if is to this for we off, range income assumptions quarter, or changed refers large of And your the just some thoughts timing payroll comment macro? quarter maybe opportunities. wider the M&A, at what's just that guidance on

Patrick Goepel

Yes, for Josh, the thanks question.

our what good feel President, half did for First of that, of all, questions. we about first the Goldstein, available John But just first all, and Pence, Eyal Josh, are in we really of the year. on myself

we in enterprise look won we it's and bunch. around primarily, second the and the tax, As half, deals a

And them phased of have some installs.

successful second Some that deal a those that month start quarter, could -- a are push of And had large we dates so in month then them the a up later. or have even lining we've started sometimes had difficult. quarter, a

feel of that, of to It's to good us. are not about to question stick when. So ourselves we if. land that a at want about when flexibility. we We good sure want enough And of a we're we deals some backlog. the looking relatively we It's just just really landing question these on give sales, -- to really enterprise new make

And I'll Xst. to full some et start give probably company, manufacturing example. start We a here one That's it won employees, on It's cetera, was and going you color. large August in January. XX,XXX

it. Another one, we over a have the back January. one it. to with have start supposed of slipped new XXX,XXX of selling It's systems, to it's the ERP it's a It's half enterprise that's employees. partnership a And year, the question installing of and question could not

of acquisitions some the even sometimes then So when convert by in nature, for reasons you phases. revenue it's some those and

question not say if. not give flexibility. And we It's it's of just much some to plan. a when. on and make quarter, question different than to we of I would execute again, the a sure that want ourselves So last We what's continue

Joshua Reilly

if consistent with look current that's guess entering I does in And with that that $XX the you the year-to-date. to the would recognize in from it. you've that entering ARR now acquisitions of you months year? that XX what Got you're calendar year? revenue going million versus have acquired, what Is amount the is -- expected those at in last expected you consistent pretty year the And actually

John Pence

be think so. months. clear, XX to just I And that's Yes,

last July or through of yesterday. October year through of kind it's So

little we pretty if And that to consistent for, So it in pipeline is expecting. close to some But with yes, sense hoping pretty next we some the the were gives we're got timing. it you consistent what I more, more. still yes, not as bit it's what hoping few in with And a we've the months. were think,

Operator

from next Bryan Our Cowen. TD question with comes Bergin

Jared Levine

on was wondering is compare activity looking the you maybe relative if is just prior comment could This environment how or Jared on quarters, top-of-funnel offerings your Bryan. for to I year-over-year. demand across the

Patrick Goepel

No, I Yes. appreciate it.

strong, well do some I into marketplace I as talk Eyal might think want little conversation of et bit about on demand to the tax very small cetera. the Eyal, is the a as demand opportunities, environment get you business both sales the environment? here.

Eyal Goldstein

Sure.

business, our our strong. both strong consistent continues direct demand Jared, business. to So channel, across yes, the we're seeing really Small and in reseller be

In we're bringing uptick in that seen customers fact, new an we've on. payroll

that's So healthy. really

much Our that been tax Pat increased John's mentioning activity business has mentioning and been is -- higher we're there. seeing

that from overall, one businesses. And all across different the say I pipeline But significantly so has gone perspective. and a strong would up very

Operator

with Our Capital. comes from next question Martinuzzi Lake Street Eric

Eric Martinuzzi

July. applicant in Looking for the color on company little more tracking a you acquired that

revenue then the Just be month to contribution there? did pro we balance that? expect what July? what kind cash for would forma So for pay of the And could ending we what

John Pence

aggregate structures, now. there purchase of disclosure in But again, is because Yes. terms portfolio but Q I to different believe talk the I on think that in acquisitions. acquisitions and lots of it. about about subsequent third talk in of some we've the price got talk the some just just the of going to aggregate. size you of I of I'm quarter as But just right in overall some talking just give get about to on obviously, the one mean kind to acquisitions the really relative we're event general, don't want because I in that -- second of want And since sense multiples, quarter materiality of we're are lots we -- the to one. size about different color that think with some try to can respect trying

Patrick Goepel

on And tracking the applicant then just company.

we strong. around we it's of with propositions, et that we're is name in We're that a the yet people. working We've the that as feel all, been the access culture and market compliance attracted right just looking notifications, -- It's an of for really capital, in-house. telegraphing to we the easy all technology First business. through were not that company, have X cetera. to access quite client the to to basically process of didn't We and value go

a personalized kind about to But that allow around opportunity of of board et area for people. double look tremendous small And business there's will people, then integration, this feel good very business think to websites order. they at what think access the our scalability be a it. We we cross-sell because really also We in need the as an here we owners, business will job cetera. short of is

thoughts really other And good Any that. feel so follow-ups, we Eric? or about

Eric Martinuzzi

separate Yes, here. topic

enterprise pipeline specifically arrangements But about in the customers here a the some may the quarters? bit and existing little good what your You that the to base, large of right. talked installed QX prior about slip versus churn

Patrick Goepel

or Yes. where retention. All XX% pretty consistent XX% on we're been. we've in, with That's about

don't So we feel good that. about

of kind the In we've high as quarters, around somewhere base logos, as sales. we're been a as far XX% XX% As XX-XX customer new some buying, split. base

strong. cross-sell is the obviously, So pretty demand

of coming and and it improve more market is technology technology more products to the some just go with with products. we we're And more out -- as

So it's into as we're buy -- we second like customers shape pretty happy here a enter feel good half. we in the and more,

Operator

comes question Craig Group. Jeff Rhee Capital next from with Hallum Van Our

Jeff Van Rhee

couple me. for So a

first all, fit. acquisition some tracking capabilities on in applicant bringing nice front, looks Just incremental of like the a

Just terms acquisitions pipeline predominantly the of acquiring it to kind seeing you the of of of In you is the are Or technologies? what come. look year, and resellers? mix rest at the other

Patrick Goepel

be Yes, resellers. almost will all

resellers here. will capability some year, point the to of probably more in at rest dominant. have look be if I more the were We one one -- time I of kind at But the think product

Jeff Van Rhee

time for to the not at us, Or way in period. a XX dial X-month mean, X it, here, but little Where you $XX million? on least months Are split talking hairs we you're, the model, can then line, XX? you And we the are I the call XX-month in a acquisitions, to closer? the Okay. on like on it built

John Pence

Yes.

think I it's right. about

think or fourth last did quarter was I in X we so of year. the there

But inorganic trying organic So to for about little when did stats I'm gets again, because this I that's -- you think second parse think quarter. versus fair. -- give we it to a growth hard

our think terms it our inorganic. the for organic, fourth, consistent X again, here. messaging XX I guide in pretty of was And third and So we're then in

to it's both be I going quarter. the complement think similar in and fourth third and of inorganic of organic a type

to to So I nail the trying directionally, mean see what too. just percentage. directions. balance the things give that's year, to of it's for think of hard kind But these you'll I the

Patrick Goepel

and The are. I XX% talking good out gate, low would about to Yes, Jeff, were high XX% implies or and it pace Fourth I XX%. X% the And really where a of to it so -- improvement lower on acquisitions. -- imply then we the to turn might year-over-year and But we expected, than a coming ahead maybe third XX% backlog but growth, call. high. low more and we're XX% of to And X% quarter we be ERTC the on is the did feel on the quarter, doubled. about John say or a from guide as right if the organic the

that organic growth So as here. we the be would definitely over double in, digits slot

close So expected. our going plan to is pretty

Jeff Van Rhee

Yes.

And was ones, in QX? can around Vensure on revenue, deal. me just in. the second, then rev the what I John, that then for Helpful. them sneak if X W-X you last quick Okay. rec could And the remind

over because a larger, how one is Just rec out that how rev me be play period, -- they falls rev would talking would we deals that the to obviously, in deal that as ratable how that Are like Just -- on to in going an like play standpoint? tend time? refresh from quarter example, like a what rec?

John Pence

will level, that a Yes. the over what cash, life high of the cash despite upfront There's happen some we'll upfront some multiyear it's deal. agreement. At a payment component. cash is, amortize of the upfront But

though even cash So match blended exactly in the it might gets up. flows more not

provide the $X some million. So service. first we then To quarter, your as on about the get amortizes question we W-Xs, it's ultimately for That in cash upfront.

Operator

comes Our next Research. question Colicchio from with Barrington Vincent

Vincent Colicchio

the number Pat, year Yes. growth that ago cited, adjusted bookings ERTC was you period? in the for bookings

John Pence

It was.

into got the pay back But the that, clear comment we kind will that of guess, be to fact in cash there earlier. I still Jeff thing, some -- to onetime to revenue. on that had, have in to get other just we that is money commissions is coming The that amortized

as a revenue well the question So your anyway, onetime so in as answer have but ERTC best. it, number it's that out both recurring some to does it has

Vincent Colicchio

And question. macro then a

client clip, healthy at base, are not So expanding all? modest if look at a they you clip your or a at

Patrick Goepel

if base, the will, a and I'll client think But you on in here. of couple the is answer client questions general, let base Eyal On I client the about flat. headcount,

seeing not restaurants jobs still say, seeing that. like we're opportunities. the in the appreciable of, though especially more stuff areas and let's and growth. people, So cross-sell trade are in There's is organizations we What

some of anything that more. some patterns it's to of capability, our Eyal, client it's your end? buy they on And want and else the buying

Eyal Goldstein

thing would big seeing, the I recruiting is looking to the with just acquisition piece, say especially employees. ways are customers more find another Yes. for of we're

positions. amount candidates but of right and candidates need are not to there good find a a customer what So like base it open looking was, healthy now. across there to grow. is massive They're It's our definitely

Operator

with from Northland next Greg Gibas Our question is Securities.

Gregory Gibas

for demand impact for approach? to say you your backlog deploy just of it's kind Would doubling that. of year-over-year, little the a the mostly kind of And longer just dive of of say larger enterprise-type great Wanted is improving you your Would drivers to there. any from to or products? some in Regarding on see implementation better kind deeper go-to-market there's clients? there time

Patrick Goepel

Greg. Yes,

thoughtful we're think more on enterprise tax, winning all, of think, I is very in the And that's first positive. which I question. a space,

longer-term pursuits these are of deals, too. Some

have of, multiyear as example, backlog in the year something as if a like XX% kind you And will, And deals then so well. for you is revenue.

products being of of on it that and aggressive. newer a a offering very environment demand based we're some bit is little So

one previously as that announced with integration that SAP. as have well and here recognize announced yet opportunities that We another Workday we name opportunity. haven't integration that And you'll we we have an

That's we're backlog. excited about that. some driving of So pretty the

then And payroll, of of talked XXX(k) other on the the that that's calls, right happening integration some and about things we've conference now.

probably because some than is down it at year. products like relatively that calls in in numbers of I on of longer next is point time. this are Book-to-bill driving would even these Some the fact, new. those second in we're today and half we're And some book-to-bill

And brand some it services. new we're just of is in offering some of these

elongating there's is products, and a tax new of combination the it. So it of but little book-to-bill in bulk that's enterprise some the our the a filing in of really marketplace bit driving presence

Gregory Gibas

your if helpful, on That's from half. Great. comments I that of Did kind And equal too, you just of in acquisition? versus organic kind implied contributions roughly say organic from growth the guidance? could back I what's on in guess Pat. clarify, growth

John Pence

will a It's kind Yes, predict consistent our message. to say combination hard but that -- be going It's been be that's mean to I exactly. healthy it it's what both. of to XX-XX, of

Patrick Goepel

revenue. what theme -- with And here repetitive it, revenue would me, or in Yes. non-repetitive replacing we onetime I to the just was revenue had kind When repetitive last big of general, along, plan, you if revenue we're say built about the we think ERTC. all Greg, attributed replacing excuse year

we quarter, about organic growth. X.X% first The had

were even July. a we it's a strong really July, now at June payroll what had look But units -- and very quarter, good we X%. say, started, if at in and you This let's May

accelerating but of I all could in inorganic. building you is really, quarter, organic and being And it it want fourth the end the I organic, take from. being to engine guidance story. me, third an won't get it's So of kind investors to XX% it an XX% of mentioned momentum. that guidance of half between did that's We half We perfect, see quarter low XX%. and the away story yourself of business implied

Operator

is with question Our Robert from Stifel. Galvin next

Robert Galvin

rate the This Brad. wondering assumptions if of half guide back to if that? is year was for interest or in any remain cuts float Rob factors assumes on FY this the for on the the in I rates 'XX updated consistent

John Pence

Yes. We priced managed our by long-term we portfolio Goldman -- Sachs. in have

week, advice, of quarter them. they're of we took call predicting last in kind When is and had our it And what a Board with in do that a kind we September so December. ahead we was And quarterly. their I guess of meeting. quarter a

that that's kind model, So of the in implicit of we guide. and kind ran through our

a cuts huge impact and it's in we X September but did to and December. in us, So not factor X in X

Operator

[Operator There to comments. like At to time, call back Instructions] closing further no this are questions. for I'd turn management over the

Patrick Goepel

Yes. long the good I here. a won't little too here, up And but of pack feel I speak about really business. momentum the

adoption plan I think we grown we've a We the start we're we've as of and of were ahead We've past executed third, that. how fourth the book-to-bill, the increasing we growth. out. cases, lap We and compares. quarter, some We the plan around think and thinking about good outlined even last that. to year and pop to in get ERTC questions some plan. of will In the feel sales about really ahead that level

appreciate we're the appreciate as call. company interest your We guidance But up. XXXX coming in taking a that and today. move. on the We'll you have do We November usual time

Operator

This conference. concludes today's

at your this time, and thank participation. You your lines we may you disconnect for

Asure Software (ASUR) 1 Aug 242024 Q2 Earnings call transcript