Reported Asure Software, Inc


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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

  

FORM 8-K

 

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report:November 9, 2018

(Date of earliest event reported)

 

Asure Software, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

0-20008

74-2415696

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification Number)

 

3700 N. Capital of Texas Hwy, Suite 350, Austin, TX

78746

(Address of principal executive offices)

(Zip Code)

 

512-437-2700

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former Name or Former Address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1934 (§240.12b-2 of this chapter)

Emerging growth company ☐.

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 





 

 

Item 2.02. Results of Operations and Financial Condition.

 

On November 9, 2018, Asure Software, Inc. (the “Company”) issued a press release announcing its financial results for its third quarter ended September 30, 2018. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

 

The information contained in this Item 2.02 of this Current Report (including the press release furnished as an exhibit hereto) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(d)           Exhibits

 

EXHIBIT NUMBER

 

DESCRIPTION

99.1

 

Press Release of the Registrant dated November 9, 2018

 

 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

ASURE SOFTWARE, INC.

 

 

 

 

 

Dated: November 9, 2018

By:

/s/ Kelyn Brannon

 

 

 

Kelyn Brannon, Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




 

Exhibit 99.1

 



Asure Software Announces Third Quarter 2018 Results

 

AUSTIN, TX - November 9, 2018 - Asure Software, Inc. (NASDAQ: ASUR), a leading provider of Human Capital Management (HCM) and workspace management software, reported results for the third quarter ended September 30, 2018.

 

Third Quarter 2018 Key Financial Highlights

 



Third Quarter Total Revenue of $23.5 Million, up 51% Year-Over-Year

 



Cloud Bookings were up 49% Year-Over-Year

 



Third Quarter Cloud Revenue of $18.4 Million, up 66% Year-Over-Year

 



Short-term Backlog (within a 12-month period) was $24.9 Million

 



Total Backlog (short and long-term) Currently Exceeds $50.0 Million
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