Asure Software, Inc. (ASUR)

[$to©k_Pi©ker™]

Alright all, i have a question:

Why was the last quarter so bad? It was the worst quarter in a few year period, and the first losing quarter in the last 5 quarters.

I did read this:

"Outlook
The Company continues to fully integrate the iEmployee operations, develop its sales force to increase sales performance, and release new software updates. Management believes its software and services revenues will continue to increase. Gross margins from the segment are expected to improve during the next fiscal quarter. Management will continue to evaluate additional operational synergies from the iEmployee acquisition and further extend its market reach both domestically and in the international markets.

The Company did not have any intellectual property licensing revenues for the three months ended October 31, 2007. Management does not anticipate any additional licensing revenues from the patents which have generated such revenues in prior fiscal years. Although the Company continues to explore its patent portfolio for additional opportunities, management can give no assurance of future licensing revenues and believes any revenues to be generated from the Company's remaining patent portfolio may be less than those generated historically."

I am guessing the large revenues/income posted before were primarily from licensing revenues, which the company now does not ever expect to see again in the foreseeable future?