Asure Software Inc. F4Q08 (Qtr End 07/31/08) Earnings Call Transcript

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2008-10-15 12:14:13.0

Tags: Shareholder, Call Transcript, Earnings, Intellectual Property, Financial Accounting, Investment, Operational Accounting, Research & Development, Business Operations, Finance, Seeking Alpha, Shareholder, Call Transcript, Earnings, Intellectual Property, Financial Accounting, Investment, Operational Accounting, Research & Development, Business Operations, Finance, Seeking Alpha, Forgent Networks Inc.

Question-and-Answer Session

Operator

(Operator Instructions) Your first question comes from Richard West – Dutton Associates.

Richard West – Dutton Associates

It was a good report. I'll take responsibility for my aggressive stance on the revenue. I was trying to lead you, but you have done very well. The expense control, your explanation today on the conference call was very complete and I agree with you, that you are progressing very nicely. And I'll watch my estimates in the future to be more realistic.

Will you ever be breaking down the breakdown of NetSimplicity and iEmployee revenue?

Unidentified Corporate Participant

No, Richard. I don't think we will be doing that and there's several reasons for that. One is we do have a lot resources that carry dual hats and they work on both product lines, especially in the marketing area and the distribution area. So we don't really view that as the appropriate way to measure the business.

Richard West – Dutton Associates

And the $100,000 legal, was that more just for the lease assignment?

Unidentified Corporate Participant

Yes, it was. Primarily, the lease assignment and we also have another issue, a legacy issue, relating back to our intellectual property days.

Richard West – Dutton Associates

And your market price vis-à-vis, the cash per share, is just compelling as far as I can see on a buy basis, but thank you for your explanation.

Richard Snyder

Thank you for your very kind comments, Richard. We'll look forward to working with you.

Operator

Your next question comes from [Tony Thurston].

[Tony Thurston]

Thanks for having this call this morning. It looks like to me, you guys are obviously making a lot of progress and pretty close to only a $0.5 million cash loss per quarter. The only thing I want to add is I guess when you guys get to the point that it's very clear that you're very close to the cash flow break-even and still growing the business that I guess most shareholders would like to see a stock buyback at that point.

I mean because you could take out 20% of your company for $1 million right now and that would be very compelling for us shareholders at the right time. So, I'm just lobbying for buying a little bit of stock back, a little dollar amount, but a lot of shares at the right time, because obviously it looks like you have a negative value for the business. It's still thin here, even after a little bit of cash burn before you get to break-even.

 

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