| Small & micro cap project
Asure Software: Sign of moat & debt reduction

Asure Software (ASUR)
M.Cap: $135 million
Asure Software, Inc., headquartered in Austin, Texas, provides innovative and flexible SaaS-based cloud platforms that help clients worldwide elevate how, when, and where work gets done throughout the employee lifecycle.
Sign of Moat
Recurring revenue to account 90% after the sale of Workspace segment
In October 2019, the company agreed to sell its Workspace Management business for $120 million. After the sale of this segment, Asure Software will be a pure-play human capital management (HCM) focused company, and the recurring revenue mix will be more than 90% of total revenue.
Notes
Debt: The company expects to pay down the majority of its debt from the proceeds of the sale of its workforce management business, and save roughly $9 million of annual interest expense. Moreover, the vast majority of the gain on the sale of the segment will be offset by the company’s accrued NOL’s.




Address
Snowball Research,
65, Sakhi Garden, 2nd Cross Street,
Okkiam Thoraipakkam, OMR, Chennai, India
Mobile: 979-0937-345
Contact
raghu@snowballresearch.com
Snowball Research is an independent research firm. We do not provide personal investment advice. Kindly read our Terms of Use
Copyright by Snowball Research / March Intelligence Research LLP. All rights reserved.
0 Comments