Forgent Networks Inc (ASUR, Financial) filed Quarterly Report for the period ended 2012-06-30.
Asure Software Inc has a market cap of $33.9 million; its shares were traded at around $7.75 with a P/E ratio of 145.7 and P/S ratio of 3.1.
Selling, general and administrative (“SG&A”) expenses for the three months ended June 30, 2012 were $2,334, an increase of $921 or 65.2%, from the $1,413 reported for the three months ended June 30, 2011. SG&A expenses as a percentage of revenues were 55.5% and 58.1% for the three months ended June 30, 2012 and 2011, respectively. The increase of $921 was driven by the following: An increase of $327 due to acquisition of ADI Time and Legiant in the fourth quarter of 2011, an increase of $280 due to increases in headcount, merit raises and bonus accruals and an increase of $230 related to acquisition related professional and legal services.
Selling, general and administrative (“SG&A”) expenses for the six months ended June 30, 2012 were $4,467, an increase of $1,652 or 58.7%, from the $2,815 reported for the six months ended June 30, 2011. SG&A expenses as a percentage of revenues were 53.5% and 58.8% for the six months ended June 30, 2012 and 2011, respectively. The increase of $1,652 was driven by the following: An increase of $692 due to the acquisition of ADI Time and Legiant in the fourth quarter of 2011, an increase of $486 due to increases in headcount, merit raises, sales commissions and bonus accruals, and an increase of $335 related to acquisition related professional and legal services.
Amortization expenses for the three months ended June 30, 2012 were $292, an increase of $142 or 94.7% from the $150 reported for the three months ended June 30, 2011. Amortization expenses as a percentage of revenues were 6.9% and 6.2% for the three months ended June 30, 2012 and 2011, respectively. Amortization expense for the six months ended June 30, 2012 were $586, an increase of $288 or 96.6% compared to $298, reported for the six months ended Jun 30, 2011. Amortization expenses as a percentage of revenues were 7.0% and 6.2% for the six months ended June 30, 2012 and 2011, respectively. The increase in amortization expense relate to the acquisition of ADI Time and Legiant in the fourth quarter of 2011.
Cash provided by operating activities was $938 for the six months ended June 30, 2012 primarily due to a loss of ($1,170) which was offset by the non-cash loss on debt conversion of $198, depreciation and amortization of $819, interest expense on amortization of OID and derivative mark-to-market of $591, and due to increase in accounts payable of $400. Cash provided by operating activities was $1,016 for the six months ended June 30, 2011 was due to reduction in accounts receivable of $297, depreciation and amortization of $471 and increase in deferred revenue of $290.
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Asure Software Inc has a market cap of $33.9 million; its shares were traded at around $7.75 with a P/E ratio of 145.7 and P/S ratio of 3.1.
Highlight of Business Operations:
Selling, general and administrative (“SG&A”) expenses for the three months ended June 30, 2012 were $2,334, an increase of $921 or 65.2%, from the $1,413 reported for the three months ended June 30, 2011. SG&A expenses as a percentage of revenues were 55.5% and 58.1% for the three months ended June 30, 2012 and 2011, respectively. The increase of $921 was driven by the following: An increase of $327 due to acquisition of ADI Time and Legiant in the fourth quarter of 2011, an increase of $280 due to increases in headcount, merit raises and bonus accruals and an increase of $230 related to acquisition related professional and legal services. Selling, general and administrative (“SG&A”) expenses for the six months ended June 30, 2012 were $4,467, an increase of $1,652 or 58.7%, from the $2,815 reported for the six months ended June 30, 2011. SG&A expenses as a percentage of revenues were 53.5% and 58.8% for the six months ended June 30, 2012 and 2011, respectively. The increase of $1,652 was driven by the following: An increase of $692 due to the acquisition of ADI Time and Legiant in the fourth quarter of 2011, an increase of $486 due to increases in headcount, merit raises, sales commissions and bonus accruals, and an increase of $335 related to acquisition related professional and legal services.Selling, general and administrative (“SG&A”) expenses for the three months ended June 30, 2012 were $2,334, an increase of $921 or 65.2%, from the $1,413 reported for the three months ended June 30, 2011. SG&A expenses as a percentage of revenues were 55.5% and 58.1% for the three months ended June 30, 2012 and 2011, respectively. The increase of $921 was driven by the following: An increase of $327 due to acquisition of ADI Time and Legiant in the fourth quarter of 2011, an increase of $280 due to increases in headcount, merit raises and bonus accruals and an increase of $230 related to acquisition related professional and legal services.
Selling, general and administrative (“SG&A”) expenses for the six months ended June 30, 2012 were $4,467, an increase of $1,652 or 58.7%, from the $2,815 reported for the six months ended June 30, 2011. SG&A expenses as a percentage of revenues were 53.5% and 58.8% for the six months ended June 30, 2012 and 2011, respectively. The increase of $1,652 was driven by the following: An increase of $692 due to the acquisition of ADI Time and Legiant in the fourth quarter of 2011, an increase of $486 due to increases in headcount, merit raises, sales commissions and bonus accruals, and an increase of $335 related to acquisition related professional and legal services.
Amortization expenses for the three months ended June 30, 2012 were $292, an increase of $142 or 94.7% from the $150 reported for the three months ended June 30, 2011. Amortization expenses as a percentage of revenues were 6.9% and 6.2% for the three months ended June 30, 2012 and 2011, respectively. Amortization expense for the six months ended June 30, 2012 were $586, an increase of $288 or 96.6% compared to $298, reported for the six months ended Jun 30, 2011. Amortization expenses as a percentage of revenues were 7.0% and 6.2% for the six months ended June 30, 2012 and 2011, respectively. The increase in amortization expense relate to the acquisition of ADI Time and Legiant in the fourth quarter of 2011.
Cash provided by operating activities was $938 for the six months ended June 30, 2012 primarily due to a loss of ($1,170) which was offset by the non-cash loss on debt conversion of $198, depreciation and amortization of $819, interest expense on amortization of OID and derivative mark-to-market of $591, and due to increase in accounts payable of $400. Cash provided by operating activities was $1,016 for the six months ended June 30, 2011 was due to reduction in accounts receivable of $297, depreciation and amortization of $471 and increase in deferred revenue of $290.
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