Asure Software Q4 Loss Narrows; Issues FY14 Outlook

(RTTNews) - Asure Software Inc. (ASUR) posted fourth-quarter net loss of $102 thousand, narrower than $633 thousand in the prior year quarter.

Adjusted net income for the quarter was $113 thousand or $0.02 per share. Analysts polled by Thomson Reuters expected the company to earn $0.04 per share. Analysts' estimates typically exclude special items.

Revenue for the quarter was $6.7 million, up 13.2% from $5.9 million in the year-ago period.

For fiscal 2014, the company expects adjusted earnings of $0.08 per share to $0.24 per share and revenue of $29.00 million to $30.00 million. Analysts currently expect earnings of $0.16 per share.