ASUR Asure Software Inc - Common Stock

NASDAQ · Professional Services · View on SEC EDGAR ↗
$8.32
Price · Aug 18, 2026
Fundamentals as of Jul 30, 2026

About Asure Software Inc - Common Stock Company overview from Wikipedia

Asure Software, Inc. is a software company. Prior to September 13, 2007, the company was known as Forgent Networks. After rebranding as Asure Software, the company expanded into offering human capital management (HCM) solutions, including payroll, time & attendance, talent management, human resource management, benefits administration and insurance services.

Read more

Asure Software, Inc. is a software company. Prior to September 13, 2007, the company was known as Forgent Networks. After rebranding as Asure Software, the company expanded into offering human capital management (HCM) solutions, including payroll, time & attendance, talent management, human resource management, benefits administration and insurance services.

It also had a software division, NetSimplicity, which specialized in room scheduling and fixed assets' management software, which was spun off in 2019.

Patents and litigation

JPEG

In 2002, while known as Forgent, the company claimed that through its subsidiary, Compression Labs, it owned the patent rights on the JPEG image compression standard, which is widely used on the World Wide Web. Its claim arose from a patent that had been filed on October 27, 1986, and granted on October 6, 1987: U.S. patent 4,698,672 by Wen-Hsiung Chen and Daniel J. Klenke. While Forgent did not own Compression Labs at the time, Chen later sold the company to Forgent before joining Cisco.

Critics claim that the legal principle of laches, hence not asserting one's rights in a timely manner, invalidates Forgent's claims on the patent. They also noted the similarity to Unisys' attempts to assert rights over the GIF image compression standard via LZW patent enforcement. The JPEG committee responded to Forgent's claims, stating that it believes prior art exists that would invalidate Forgent's claims, and launched a search for prior art evidence. The 1992 JPEG specification cited two earlier research papers written by Wen-Hsiung Chen, published in 1977 and 1984. JPEG representative Richard Clark also claimed that Chen sat in one of the JPEG committees, but Forgent denied this claim.

In April 2004, Forgent stated that 30 companies had already paid US$90 million in royalties. On April 23, lawsuits were filed against 31 companies, including Adobe Systems, Apple Computer and IBM, for infringement of their patent. On September 26, 2005, Axis Communications, one of the defendants, announced a settlement with Compression Labs Inc.; the terms were not disclosed. As of late October 2005, six companies were known to have licensed the patent from Forgent including Adobe, Macromedia, Axis, Color Dreams, and Research In Motion.

On May 25, 2006, the United States Patent and Trademark Office rejected the broadest part of Forgent's claims, stating prior art submitted by the Public Patent Foundation invalidated those claims. PubPat's Executive Director, Dan Ravicher, says that the submitters knew about the prior art but failed to tell the USPTO about it. On August 11, 2006, Forgent received notice from the NASDAQ stock market regarding non-compliance with the minimum bid price rule, which can lead to delisting, before coming back into compliance in January 2007.

The company issued a press release on November 1, 2006, stating that they settled their remaining claims against roughly 60 companies for a total of $8 million which was paid by, among other companies, Dell, Hewlett-Packard, IBM, Microsoft, and Sun Microsystems.

Digital video recorders

Forgent Networks shifted its focus to a computer controlled video system, allowing playback during recording. While the patent was filed in 1991, the first litigation was initiated in 2005. On May 21, 2007, U.S. District Court of Eastern Texas ruled in favor of EchoStar Communications Corporation, on grounds that the Forgent patent is invalid.

Asure Software

After Forgent Networks acquired iEmployee and changed its name to Asure Software, the website of the combined company no longer listed information related to the two patents - '672 and '746, unlike the old Forgent Networks website.

Proxy Fight

In 2008, the company was the target of a proxy fight launched by Pinnacle Fund ("Pinnacle") and Red Oak Partners, managed by David Sandberg. After negotiations, a slate of 5 new directors was elected on August 28, 2009 to replace the previous board.

Acquisitions

On September 13, 2007, Forgent acquired iEmployee.

On October 3, 2011, Asure Software announced that it had acquired ADI Time, a vendor of cloud computing time and attendance software and labor management services. On March 21, 2016, it announced the acquisition of Mangrove Employer Services, which developed human resource management software; it began massive layoffs of previous Mangrove employees in June 2016.

In May 2017, Asure acquired the Tampa-based company Compass HRM Inc.

In April 2018, Asure acquired Austin HR, an Austin based HR Consulting & Payroll & Benefit Administration company. On December 2, 2019, Asure Software announced that it completed the sale of its Workspace Management Business to FM:Systems.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

ASUR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$8.32
Market Cap
$234M
P/E (TTM)
-17.3
EPS (TTM)
$-0.48
Revenue (TTM)
$119M
Div Yield
ROE
-6.6%
Debt/Equity
0.4
52W Range
$7 – $10

ASUR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $119M
8-point trend, +235.0%
2016-12-31 2023-12-31
EPS $-0.48
10-point trend, -220.0%
2016-12-31 2025-12-31
Free Cash Flow $21M
10-point trend, +975.4%
2016-12-31 2025-12-31
Margins
8-point trend, -6.9%
2016-12-31 2023-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
ASUR
Peer Median
P/E (TTM)
5-point trend, -140.1%
-17.3
29.3
P/S (TTM)
5-point trend, -1.7%
1.8
0.6
P/B
5-point trend, +34.9%
1.2
1.6
EV / EBITDA
5-point trend, -67.1%
15.5
Price / FCF
5-point trend, -90.2%
10.9

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
ASUR
Peer Median
ROA
5-point trend, -504.5%
-2.7%
-7.0%
ROE
5-point trend, -416.2%
-6.6%
-11.1%
ROIC
5-point trend, +37.5%
-3.3%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
ASUR
Peer Median
Debt / Equity
5-point trend, +55.9%
0.4
57.6
Current Ratio
5-point trend, -0.1%
1.1
1.1
Quick Ratio
5-point trend, +96.6%
0.2

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
ASUR
Peer Median
Revenue YoY
5-point trend, +62.8%
24.3%
Revenue CAGR 3Y
5-point trend, +62.8%
22.0%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
ASUR
Peer Median
EPS (Diluted)
5-point trend, -400.0%
$-0.48

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
ASUR
Peer Median

ASUR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 14 analysts
  • Strong Buy 3 21.4%
  • Buy 10 71.4%
  • Hold 1 7.1%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

8 analysts · 2026-08-14
Median target $13.00 +56.2%
Mean target $13.38 +60.8%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.02%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.13 $0.12 0.01%
March 31, 2026 $0.31 $0.26 0.05%
Dec. 31, 2025 $0.31 $0.26 0.05%
Sept. 30, 2025 $0.14 $0.21 -0.07%
June 30, 2025 $0.08 $0.14 -0.06%
March 31, 2025 $0.12 $0.19 -0.07%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
ASUR $264M -19.6 24.3% -6.6%
BBSI $912M 17.4 8.4% 4.4% 23.3% 21.0%
KELYA -1.2 -1.9% -6.0% -23.0% 20.1%
ALIT -0.3 -3.0% -136.9% -115.7% 33.8%
TBI $139M -2.9 3.1% -3.0% -16.3% 22.8%
HQI 23.4 -11.4% 20.7% 9.4%
SKIL $80M -2.2 -3.5% -27.3% -2287.3%
DLHC $82M 62.8 -13.0% 0.40% 1.2%
BGSF $53M -4.6 -10.6% -12.2% -18.1% 35.7%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 18
Annual Income Statement data for ASUR
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 10-point trend, +337.7% · · $119M $96M $76M $66M $73M $64M $54M $36M $27M $27M
Cost of Revenue 12-point trend, +623.3% $46M $38M $34M $33M $30M $27M $30M $24M $13M $8M $7M $6M
Gross Profit 12-point trend, +354.1% $95M $82M $86M $63M $47M $38M $43M $40M $42M $27M $20M $21M
R&D Expense 12-point trend, +69.2% $6M $8M $7M $6M $5M $6M $5M $6M $4M $3M $3M $3M
SG&A Expense 12-point trend, +227.4% $46M $40M $39M $34M $28M $24M $42M $37M $34M $21M $15M $14M
Operating Expenses 12-point trend, +434.9% $103M $93M $89M $74M $60M $53M $94M $50M $43M $26M $20M $19M
Operating Income 12-point trend, -630.8% $-8M $-11M $-3M $-11M $-13M $-15M $-50M $-11M $-1M $1M $-317.0K $2M
Interest Expense 7-point trend, +74.3% · · · · · $2M $16M $9M $5M $2M $1M $1M
Interest Income · · · · · · · · · · · $-1.0K
Other Non-op 10-point trend, +107.0% $121.0K $8.0K $-292.0K $1M $150.0K · · $-9M $-5M $-2M $-1M $-2M
Pretax Income 12-point trend, -8502.8% $-12M $-11M $-9M $-14M $4M $-16M $-66M $-19M $-6M $-783.0K $-2M $-145.0K
Income Tax 12-point trend, +457.3% $652.0K $933.0K $109.0K $112.0K $802.0K $337.0K $-24M $-8M $96.0K $189.0K $219.0K $117.0K
Net Income 12-point trend, -4909.9% $-13M $-12M $-9M $-14M $3M $-16M $30M $-8M $-6M $-972.0K $-2M $-262.0K
EPS (Basic) 12-point trend, -1100.0% $-0.48 $-0.45 $-0.42 $-0.72 $0.17 $-1.03 $1.93 $-0.54 $-0.53 $-0.15 $-0.28 $-0.04
EPS (Diluted) 12-point trend, -1100.0% $-0.48 $-0.45 $-0.42 $-0.72 $0.16 $-1.03 $1.93 $-0.54 $-0.53 $-0.15 $-0.28 $-0.04
Shares (Basic) 12-point trend, +357.0% 27,430,000 26,054,000 22,138,000 20,117,000 19,313,000 15,910,000 15,511,000 14,010,000 10,891,000 6,533,000 6,176,000 6,002,000
Shares (Diluted) 12-point trend, +357.0% 27,430,000 26,054,000 22,138,000 20,117,000 19,509,000 15,910,000 15,511,000 14,010,000 10,891,000 6,533,000 6,176,000 6,002,000
EBITDA 12-point trend, +309.3% $18M $11M $16M $7M $3M $2M $-33M $7M $5M $5M $3M $4M
Balance Sheet 30
Annual Balance Sheet data for ASUR
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +7788.8% $25M $21M $30M $17M $13M $29M $29M $15M $28M $13M $1M $320.0K
Short-term Investments 3-point trend, +4249000.00 · · · · · $4M · $4.3K $0 · · ·
Receivables 12-point trend, +199.5% $16M $18M $14M $12M $5M $4M $5M $5M $13M $8M $5M $5M
Inventory 12-point trend, +1562.4% $3M $195.0K $155.0K $251.0K $246.0K $449.0K $656.0K $1M $509.0K $487.0K $784.0K $170.0K
Prepaid Expense 12-point trend, +385.7% $6M $5M $3M $10M $13M $3M $9M $2M $3M $1M $1M $1M
Other Current Assets 3-point trend, +119.4% · · · · · $1M $1M $671.0K · · · ·
Current Assets 12-point trend, +3827.3% $278M $237M $267M $243M $250M $357M $169M $160M $87M $46M $8M $7M
PP&E (Net) 12-point trend, +1707.0% $28M $20M $15M $11M $9M $8M $8M $6M $5M $2M $2M $2M
PP&E (Gross) 12-point trend, +386.5% $60M $45M $39M $31M $26M $22M $21M $20M $22M $18M $14M $12M
Accum. Depreciation 12-point trend, +198.0% $32M $26M $24M $19M $17M $13M $13M $13M $17M $16M $11M $11M
Goodwill 12-point trend, +561.5% $116M $95M $86M $86M $86M $74M $69M $99M $67M $26M $17M $18M
Intangibles 12-point trend, +956.4% $88M $69M $62M $67M $79M $65M $64M $72M $34M $12M $6M $8M
Other Non-current Assets 12-point trend, +81700.0% $16M $12M $9M $6M $4M $4M $3M $2M $614.0K $39.0K $458.0K $19.0K
Total Assets 12-point trend, +1441.8% $531M $437M $444M $420M $433M $514M $320M $361M $203M $86M $34M $34M
Accounts Payable 12-point trend, +41.8% $2M $1M $3M $2M $565.0K $1M $2M $3M $2M $2M $3M $2M
Short-term Debt 12-point trend, +479.2% $4M $7M $27.0K $4M $2M $12M $3M $5M $9M $5M $1M $750.0K
Current Liabilities 12-point trend, +1703.4% $260M $224M $241M $235M $233M $349M $152M $148M $70M $41M $16M $14M
Capital Leases 11-point trend, +1862.8% $5M $4M $5M $6M $5M $5M $6M · $17.0K $18.0K $129.0K $266.0K
Deferred Tax 12-point trend, +550.2% $3M $3M $2M $2M $2M $888.0K $336.0K $869.0K $1M $817.0K $644.0K $502.0K
Other Non-current Liabilities 12-point trend, -69.7% $224.0K $358.0K $209.0K $114.0K $258.0K $1M $139.0K $439.0K $817.0K $835.0K $958.0K $739.0K
Total Liabilities 11-point trend, +1008.4% $334M $239M $252M $275M $275M $368M $182M $259M $140M $68M $30M ·
Long-term Debt 12-point trend, +346.9% $68M $13M $4M $35M $35M $25M $27M $111M $76M $30M $13M $15M
Total Debt 12-point trend, +353.2% $72M $20M $4M $39M $37M $37M $29M $117M $85M $35M $15M $16M
Paid-in Capital 12-point trend, +85.7% $517M $505M $488M $434M $430M $420M $396M $392M $346M $295M $280M $279M
Retained Earnings 12-point trend, -19.0% $-320M $-307M $-290M $-281M $-267M $-270M $-254M $-284M $-278M $-272M $-271M $-269M
Treasury Stock 12-point trend, -100.0% $0 $0 $5M $5M $5M $5M $5M $5M $5M $5M $5M $5M
AOCI 12-point trend, +605.8% $435.0K $-575.0K $-1M $-2M $-99.0K $604.0K $-25.0K $-906.0K $-63.0K $5.0K $-78.0K $-86.0K
Stockholders' Equity 12-point trend, +4324.0% $198M $197M $192M $145M $158M $146M $138M $103M $64M $18M $4M $4M
Liabilities + Equity 12-point trend, +1441.8% $531M $437M $444M $420M $433M $514M $320M $361M $203M $86M $34M $34M
Shares Outstanding 12-point trend, +364.1% 28,076,000 26,671,000 24,998,000 20,244,000 20,028,000 18,970,000 15,714,000 15,282,000 12,492,000 8,517,000 6,290,000 6,050,000
Cash Flow 15
Annual Cash Flow data for ASUR
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +837.2% $26M $22M $19M $19M $16M $15M $18M $13M $6M $4M $3M $3M
Stock-based Comp 12-point trend, +3324.3% $8M $6M $5M $3M $3M $2M $2M $2M $593.0K $226.0K $409.0K $226.0K
Deferred Tax 12-point trend, +362.4% $652.0K $884.0K $225.0K $-92.0K $707.0K $552.0K $-557.0K $-7M $253.0K $173.0K $188.0K $141.0K
Amort. of Intangibles 12-point trend, +814.6% $18M $16M $14M $13M $11M $10M $12M $7M $4M $2M $2M $2M
Other Non-cash 12-point trend, +333.6% $514.0K $-8M $3M $6M $-22M $-4M $-50M $-7M $-1M $-5M $2M $-220.0K
Operating Cash Flow 12-point trend, +721.1% $22M $9M $19M $14M $1M $2M $-4M $-7M $-36.0K $-2M $3M $3M
CapEx 12-point trend, -2.5% $787.0K $692.0K $2M $2M $133.0K $857.0K $1M $2M $1M $436.0K $1M $807.0K
Investing Cash Flow 12-point trend, -1963.7% $-87M $-19M $-30M $-36M $-37M $-19M $86M $-107M $-58M $-19M $-1M $-4M
Stock Issued · · · · · · · · · · · $0
Stock Repurchased Flat — no change across 4 periods · · · · · · $5M · $5M $5M · $5M
Net Stock Activity Flat — no change across 4 periods · · · · · · $-5M · $-5M $-5M · $-5M
Financing Cash Flow 12-point trend, +3986.8% $83M $-22M $24M $-12M $-91M $208M $-68M $102M $74M $32M $-1M $-2M
Net Change in Cash 12-point trend, +624.9% $19M $-32M $14M $-35M $-126M $191M $13M $-12M $15M $12M $838.0K $-4M
Free Cash Flow 12-point trend, +1028.5% $21M $9M $17M $11M $1M $-3M $-1M $-9M $-1M $-2M $2M $2M
Levered FCF 7-point trend, -1099.0% · · · · · $-5M $-11M $-13M $-6M $-5M $682.1K $-403.0K
Profitability 8
Annual Profitability data for ASUR
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 10-point trend, -6.5% · · 71.8% 65.2% 61.2% 58.1% 59.2% 65.3% 76.8% 77.2% 72.7% 76.8%
Operating Margin 10-point trend, -143.3% · · -2.5% -11.8% -16.8% -21.0% -69.7% -7.0% -1.8% 3.5% -1.2% 5.8%
Net Margin 10-point trend, -706.3% · · -7.7% -15.1% 4.2% -24.9% 41.0% -8.5% -10.5% -2.7% -6.5% -0.96%
Pretax Margin 10-point trend, -1343.4% · · -7.6% -15.0% 5.2% -24.4% -90.8% -16.6% -10.3% -2.2% -5.7% -0.53%
EBITDA Margin 10-point trend, -16.3% · · 13.6% 7.7% 4.5% 3.7% -44.8% 7.5% 9.3% 13.6% 10.0% 16.2%
ROA 12-point trend, -261.3% -2.7% -2.7% -2.1% -3.4% 0.67% -3.9% 8.6% -2.7% -4.0% -1.6% -5.1% -0.75%
ROE 12-point trend, -10.1% -6.6% -6.0% -5.5% -9.5% 2.1% -11.5% 25.6% -7.5% -14.0% -8.8% -42.9% -6.0%
ROIC 12-point trend, -123.3% -3.3% -5.4% -1.6% -6.2% -5.2% -7.7% -19.4% -1.5% -0.68% 2.8% -2.0% 14.1%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for ASUR
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, +117.8% 1.1 1.1 1.1 1.0 1.1 1.0 1.1 1.1 1.2 1.1 0.5 0.5
Quick Ratio 12-point trend, -59.4% 0.2 0.2 0.2 0.1 0.1 0.1 0.2 0.2 0.6 0.5 0.4 0.4
Debt / Equity 12-point trend, -89.8% 0.4 0.1 0.0 0.3 0.2 0.3 0.2 1.1 1.3 1.9 4.0 3.6
LT Debt / Equity 12-point trend, -90.1% 0.3 0.0 0.0 0.2 0.2 0.1 0.2 1.0 1.1 1.3 3.4 3.2
Interest Coverage 7-point trend, -598.1% · · · · · -6.2 -3.3 -0.7 -0.2 0.6 -0.3 1.2
Efficiency 3
Annual Efficiency data for ASUR
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 10-point trend, -64.5% · · 0.3 0.2 0.2 0.2 0.2 0.3 0.4 0.6 0.8 0.8
Inventory Turnover 12-point trend, -40.9% 30.2 215.3 165.2 134.1 84.9 49.6 32.7 17.0 25.3 12.8 15.4 51.1
Receivables Turnover 10-point trend, +52.9% · · 9.0 11.0 16.6 13.6 14.8 6.1 5.1 5.6 5.4 5.9
Per Share 5
Annual Per Share data for ASUR
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, +853.3% $7.04 $7.40 $7.67 $7.17 $7.90 $7.68 $8.76 $6.71 $5.11 $2.14 $0.59 $0.74
Revenue / Share 10-point trend, +18.7% · · $5.38 $4.76 $3.90 $4.12 $4.72 $6.35 $5.00 $5.44 $4.36 $4.53
Cash Flow / Share 12-point trend, +79.7% $0.81 $0.36 $0.85 $0.68 $0.07 $-0.11 $-0.03 $-0.51 $-0.00 $-0.31 $0.54 $0.45
Cash / Share 12-point trend, +1599.6% $0.90 $0.80 $1.21 $0.84 $0.67 $1.51 $1.83 $1.01 $2.22 $1.50 $0.18 $0.05
EPS (TTM) 12-point trend, -1100.0% $-0.48 $-0.45 $-0.42 $-0.72 $0.16 $-1.03 $1.93 $-0.54 $-0.53 $-0.15 $-0.28 $-0.04
Growth Rates 2
Annual Growth Rates data for ASUR
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 3-point trend, +50.6% · · 24.3% 26.0% 16.1% · · · · · · ·
Revenue CAGR 3Y · · 22.0% · · · · · · · · ·
Valuation (TTM) 14
Annual Valuation (TTM) data for ASUR
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +379.8% $131M $118M $119M $96M $76M $66M $73M $64M $54M $36M $27M $27M
Net Income TTM 12-point trend, -4909.9% $-13M $-12M $-9M $-14M $3M $-16M $30M $-8M $-6M $-972.0K $-2M $-262.0K
Market Cap 12-point trend, +676.5% $264M $251M $238M $189M $157M $135M $129M $78M $176M $72M $28M $34M
Enterprise Value 12-point trend, +527.1% $311M $249M $212M $211M $180M $143M $129M $179M $233M $95M $42M $50M
P/E 12-point trend, +86.1% -19.6 -20.9 -22.7 -13.0 48.9 -6.9 4.2 -9.4 -26.6 -56.7 -16.1 -140.8
P/S 12-point trend, +61.8% 2.0 2.1 2.0 2.0 2.1 2.1 1.8 1.2 3.2 2.0 1.1 1.3
P/B 12-point trend, -82.4% 1.3 1.3 1.2 1.3 1.0 0.9 0.9 0.8 2.8 4.0 7.6 7.6
P / Tangible Book 3-point trend, -60.2% · 7.5 5.5 · · 18.9 · · · · · ·
P / Cash Flow 12-point trend, -5.4% 11.9 26.7 12.6 13.8 113.8 -78.9 -285.6 -10.9 -4899.6 -36.0 8.5 12.6
P / FCF 12-point trend, -31.2% 12.3 28.9 13.7 16.7 126.0 -52.5 -87.6 -8.6 -122.8 -29.6 14.6 17.9
EV / EBITDA 12-point trend, +53.2% 17.3 21.9 13.1 28.5 52.5 59.2 -3.9 26.8 46.1 19.7 15.6 11.3
EV / FCF 12-point trend, -44.4% 14.5 28.7 12.2 18.6 144.8 -55.8 -87.9 -19.8 -162.5 -38.9 21.5 26.1
EV / Revenue 12-point trend, +30.7% 2.4 2.1 1.8 2.2 2.4 2.2 1.8 2.8 4.3 2.7 1.6 1.8
Earnings Yield 12-point trend, -618.3% -5.1% -4.8% -4.4% -7.7% 2.0% -14.5% 23.6% -10.6% -3.8% -1.8% -6.2% -0.71%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $119M$96M$76M
Gross Margin % 71.8%65.2%61.2%
Operating Margin % -2.5%-11.8%-16.8%
Net Income $-13M$-12M$-9M$-14M$3M
Diluted EPS $-0.48$-0.45$-0.42$-0.72$0.16
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 0.40.10.00.30.2
Current Ratio 1.11.11.11.01.1
Quick Ratio 0.20.20.20.10.1
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $21M$9M$17M$11M$1M

My Metrics Your personal watchlist — selected rows from Full Fundamentals

📊

Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.

Your selection is saved and follows you across all tickers.

Institutional owners (13F) 120 filers · $149.6M total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
19 (+10 vs prior Q) 4 (-4 vs prior Q) 33 (0 vs prior Q) 31 (-1 vs prior Q) +2.0M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Private Capital Management, LLC $33,375,996 4,203,526 22.31% Shares
NEEDHAM INVESTMENT MANAGEMENT LLC $20,921,900 2,635,000 13.98% Shares
VANGUARD GROUP INC $11,583,548 1,229,676 7.74% Shares
VANGUARD CAPITAL MANAGEMENT LLC $8,501,501 1,070,718 5.68% Shares
DIMENSIONAL FUND ADVISORS LP $7,247,084 912,731 4.84% Shares
Swedbank AB $6,352,000 800,000 4.25% Shares
RICE HALL JAMES & ASSOCIATES, LLC $5,602,686 705,628 3.74% Shares
Pacific Ridge Capital Partners, LLC $5,526,256 696,002 3.69% Shares
ROYCE & ASSOCIATES LP $5,411,007 681,487 3.62% Shares
GEODE CAPITAL MANAGEMENT, LLC $4,265,030 536,976 2.85% Shares
KENNEDY CAPITAL MANAGEMENT LLC $4,119,105 518,779 2.75% Shares
ArrowMark Colorado Holdings LLC $3,897,690 490,893 2.61% Shares
STATE STREET CORP $3,822,094 481,372 2.55% Shares
S SQUARED TECHNOLOGY, LLC $3,170,918 399,360 2.12% Shares
Diamond Hill Capital Management, LLC (Investment Advisor) $1,905,441 239,980 1.27% Shares
EQUITABLE TRUST CO $1,689,076 212,730 1.13% Shares
North Star Investment Management Corp. $1,572,120 198,000 1.05% Shares
VANGUARD FIDUCIARY TRUST CO $1,381,163 173,950 0.92% Shares
Tallon Kerry Patrick $1,371,928 144,871 0.92% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $1,293,458 162,904 0.86% Shares
CAPTRUST FINANCIAL ADVISORS $1,119,802 141,033 0.75% Shares
Post Resch Tallon Group Inc. $1,102,636 138,871 0.74% Shares
Quantinno Capital Management LP $892,512 112,407 0.60% Shares
Beacon Harbor Wealth Advisors, Inc. $865,184 107,744 0.58% Shares
Bank of New York Mellon Corp $713,512 89,863 0.48% Shares
Penbrook Management LLC $699,791 88,135 0.47% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $631,166 79,492 0.42% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $541,595 68,211 0.36% Shares
NJ State Employees Deferred Compensation Plan $541,200 66,000 0.36% Shares
Nuveen, LLC $518,784 65,338 0.35% Shares
PERRITT CAPITAL MANAGEMENT INC $471,000 50,000 0.31% Shares
CITADEL ADVISORS LLC $445,347 56,089 0.30% Shares
Squarepoint Ops LLC $428,125 53,920 0.29% Shares
JANUS HENDERSON GROUP PLC $415,432 48,306 0.28% Shares
AMERICAN CENTURY COMPANIES INC $390,417 49,171 0.26% Shares
Skylands Capital, LLC $386,186 48,638 0.26% Shares
BANK OF AMERICA CORP /DE/ $347,772 43,800 0.23% Shares
Hillsdale Investment Management Inc. $337,450 42,500 0.23% Shares
BlackRock, Inc. $333,901 42,053 0.22% Shares
INTRINSIC EDGE CAPITAL MANAGEMENT LLC $317,600 40,000 0.21% Shares
Unified Investment Management $306,087 38,550 0.20% Shares
UBS Group AG $284,633 35,848 0.19% Shares
JANE STREET GROUP, LLC $252,786 31,837 0.17% Shares
CM WEALTH ADVISORS LLC $232,841 29,325 0.16% Shares
DEUTSCHE BANK AG\ $193,998 24,433 0.13% Shares
LPL Financial LLC $181,064 22,804 0.12% Shares
State of Wyoming $175,307 22,079 0.12% Shares
Vident Advisory, LLC $170,631 21,490 0.11% Shares
WELLS FARGO & COMPANY/MN $161,936 20,395 0.11% Shares
PNC Financial Services Group, Inc. $156,164 19,668 0.10% Shares
RHUMBLINE ADVISERS $141,445 17,815 0.09% Shares
MERCER GLOBAL ADVISORS INC /ADV $138,712 17,470 0.09% Shares
ALLIANCEBERNSTEIN L.P. $138,116 16,060 0.09% Shares
MetLife Investment Management, LLC $136,473 17,188 0.09% Shares
Rothschild Wealth LLC $131,439 16,554 0.09% Shares
FMR LLC $125,563 15,814 0.08% Shares
Abel Hall, LLC $118,393 14,911 0.08% Shares
R Squared Ltd $118,283 14,897 0.08% Shares
Procyon Advisors, LLC $106,555 13,420 0.07% Shares
D. E. Shaw & Co., Inc. $104,792 13,198 0.07% Shares
Russell Investments Group, Ltd. $102,703 12,935 0.07% Shares
WOLVERINE TRADING, LLC $95,848 11,632 0.06% Shares
GOLDMAN SACHS GROUP INC $95,494 12,027 0.06% Shares
US BANCORP \DE\ $90,198 11,360 0.06% Shares
XTX Topco Ltd $89,952 11,329 0.06% Shares
Nuveen Asset Management, LLC $89,084 9,467 0.06% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $89,071 11,218 0.06% Shares
CITIGROUP INC $87,697 11,045 0.06% Shares
Tripletail Wealth Management, LLC $83,620 10,210 0.06% Shares
Cubist Systematic Strategies, LLC $79,647 9,713 0.05% Shares
Ancora Advisors LLC $79,400 10,000 0.05% Shares
JPMORGAN CHASE & CO $78,555 10,097 0.05% Shares
Invesco Ltd. $76,875 9,682 0.05% Shares
Vanguard Global Advisers, LLC $69,181 8,713 0.05% Shares
NEW YORK STATE COMMON RETIREMENT FUND $66,640 8,393 0.04% Shares
Police & Firemen's Retirement System of New Jersey $63,425 7,988 0.04% Shares
Versant Capital Management, Inc $50,895 6,410 0.03% Shares
OAKWORTH CAPITAL, INC. $40,650 5,000 0.03% Shares
SIMPLEX TRADING, LLC $33,625 4,235 0.02% Shares
NORTHERN TRUST CORP $31,014 3,906 0.02% Shares
BNP PARIBAS FINANCIAL MARKETS $29,839 3,758 0.02% Shares
Arax Advisory Partners $29,092 3,664 0.02% Shares
Tower Research Capital LLC (TRC) $26,607 3,351 0.02% Shares
BARCLAYS PLC $26,019 3,277 0.02% Shares
Ameritas Investment Partners, Inc. $20,017 2,521 0.01% Shares
Legal & General Group Plc $18,302 2,305 0.01% Shares
SEI INVESTMENTS CO $14,770 1,859 0.01% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $10,707 1,245 0.01% Shares
CWM, LLC $10,569 1,229 0.01% Shares
Point72 Asia (Singapore) Pte. Ltd. $10,110 1,233 0.01% Shares
GROUP ONE TRADING LLC $10,068 1,268 0.01% Shares
Abound Wealth Management $8,136 946 0.01% Shares
ROYAL BANK OF CANADA $6,000 719 0.00% Shares
GAMMA Investing LLC $5,995 755 0.00% Shares
Sterling Capital Management LLC $3,899 491 0.00% Shares
AQR CAPITAL MANAGEMENT LLC $3,803 479 0.00% Shares
Integrated Wealth Concepts LLC $1,510 190 0.00% Shares
Rockefeller Capital Management L.P. $1,310 165 0.00% Shares
CIBC Private Wealth Group LLC $1,082 132 0.00% Shares
MORGAN STANLEY $588 74 0.00% Shares

Company insiders 33 insiders · 12 officers · 15 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Goepel Patrick Chairman & CEO Aug. 6, 2025 P 1,307,622 0 0 $0
James Powers Chief Financial Officer Aug. 11, 2020 A 10,000 0 0 $0
Kelyn Brannon Chief Financial Officer June 30, 2020 A 76,782 0 0 $0
Charles Bradford Wolfe Chief Financial Officer July 6, 2017 M 77,243 0 0 $0
Jennifer Lynn Crow Chief Financial Officer March 8, 2013 A 0 0 $0
David Michael Scoglio Chief Financial Officer Sept. 12, 2012 S 5,369 0 0 $0
Jay Peterson VP Finance and CFO Dec. 21, 2007 P 55,923 0 0 $0
Rhonda Michelle Parouty Chief Operating Officer Sept. 2, 2019 A 10,000 0 0 $0
Steven Wayne Rodriguez Chief Operating Officer June 30, 2016 M 135,000 0 0 $0
James Joseph Karbowski Chief Technology Officer Sept. 2, 2019 A 29,932 0 0 $0
Michael Daniel Kinney Vice President of Sales March 31, 2015 A 0 0 $0
Nancy L Harris Executive VP - Software Dec. 12, 2006 D 33,292 0 0 $0
William Carl Drew Director July 28, 2026 A 118,585 0 0 $0
Grace G. Lee Director July 28, 2026 A 48,562 0 0 $0
Bradford Scovill Oberwager Director July 28, 2026 A 60,840 0 0 $0
Ben F Allen Director July 28, 2026 A 68,065 0 0 $0
Daniel M Gill Director July 28, 2026 A 51,004 0 0 $0
Charles W Lathrop JR Director May 28, 2020 A 31,165 0 0 $0
David Sandberg Director May 28, 2020 A 29,580 0 0 $0
John Randall Waterfield Director Feb. 28, 2020 A 32,786 0 0 $0
Adrian Justin Pertierra Director Aug. 24, 2018 A 21,447 0 0 $0
Matthew K Behrent Director Aug. 24, 2018 A 23,189 0 0 $0
James H Wells Director Dec. 29, 2006 D 50,672 0 0 $0
Rajko Milovanovic Director July 13, 2006 A 16,772 0 0 $0
Lou Massucchelli Director July 13, 2006 A 12,772 0 0 $0
Kathleen A Cote Director July 13, 2006 A 23,772 0 0 $0
Bjorn Reynolds Aug. 11, 2026 S 31,162 0 1 $-128,757
John F Pence Aug. 3, 2026 F 297,190 0 0 $0
Eyal Goldstein Aug. 3, 2026 F 416,971 0 0 $0
Red Oak Partners, LLC Aug. 10, 2020 S 222,673 0 0 $0
Richard J Agnich Dec. 27, 2007 P 62,772 0 0 $0
Kenneth Kalinoski Dec. 6, 2004 A 228,622 0 0 $0
Harry R Caccamisi April 5, 2004 P 21,204 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 6 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
iSystems Holdings, LLC, Silver Oak iSystems, LLC, Silver Oak Services Partners II, L.P., Silver Oak Management II, L.P., Silver Oak Services Partners, LLC, Daniel M. Gill, Gregory M. Barr ×3 filings June 10, 2020 Initial filing SEC
David Sandberg, Red Oak Partners, LLC, The Red Oak Fund, L.P., The Red Oak Institutional Founders Long Fund, L.P., The Red Oak Long Fund, L.P. ×7 filings Dec. 13, 2019 Initial filing SEC
Fenil Shah, Sarla Software LLC, Chimanlal Shah, Falguni Shah, Ruchir Shah, Snehal Shah, Vibha Shah, Ushma Shah ×2 filings Sept. 29, 2009 Initial filing SEC
Red Oak Partners, LLC, The Red Oak Fund, LP, Pinnacle Partners, LLC, Pinnacle Fund, LLLP, Bear Market Opportunity Fund, L.P., David Sandberg ×9 filings July 14, 2009 Initial filing SEC
Marathon Fund, L.P., Corbin & Company, Western Research & Management, L.L.C. ×2 filings Dec. 21, 2001 Initial filing SEC
Intel Corporation S.S. OR Aug. 28, 2001 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 25 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
IWC · iShares Trust 0.05% 83,315 SH Aug. 8, 2026 Daily
AVSC · AMERICAN CENTURY ETF TRUST 0.02% 45,317 NS May 31, 2026 N-PORT
IWN · iShares Trust 0.01% 234,731 SH Aug. 8, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.01% 139,948 SH Aug. 8, 2026 Daily
VTWV · VANGUARD SCOTTSDALE FUNDS 0.01% 20,698 SH Aug. 8, 2026 Daily
DFSV · Dimensional ETF Trust 0.01% 77,190 NS April 30, 2026 N-PORT
DFAT · Dimensional ETF Trust 0.01% 109,078 NS April 30, 2026 N-PORT
IWM · iShares Trust 0.01% 605,483 SH Aug. 8, 2026 Daily
RSSL · Global X Funds 0.01% 10,214 NS April 30, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.01% 94,820 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.01% 1,112 NS May 31, 2026 N-PORT
UWM · ProShares Trust 0.00% 869 NS May 31, 2026 N-PORT
URTY · ProShares Trust 0.00% 877 NS May 31, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.00% 930 NS May 31, 2026 N-PORT
HDG · ProShares Trust 0.00% 22 NS May 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.00% 21,249 NS April 30, 2026 N-PORT
IWV · iShares Trust 0.00% 3,484 SH Aug. 8, 2026 Daily
AVUS · AMERICAN CENTURY ETF TRUST 0.00% 1,405 NS May 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.00% 1,558 NS April 30, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.00% 3,230 NS April 30, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.00% 321,583 SH Aug. 8, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.00% 723,810 SH Aug. 8, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 2,258 SH Aug. 8, 2026 Daily
DFSU · Dimensional ETF Trust 0.00% 8 NS April 30, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.00% 16 NS April 30, 2026 N-PORT