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Matt Rego
Published Investment Research Analyst Appearing On CBS MoneyWatch, Seeking Alpha, Benzinga and More
Matt Rego is the Founder and CEO of Spotlight Growth, a company he established in June 2017. Based in the Sacramento, California area, Spotlight Growth specializes in providing investor relations and awareness services for emerging growth companies, particularly in the micro-cap and small-cap sectors. The firm also operates as a digital hub for venture capital, private equity, and crowdfunding, offering high-quality content to help investors gain insights into micro-cap growth investing.12
Rego has a strong background in financial analysis and writing, having worked as a self-employed financial analyst since 2010. His writing has been featured on various platforms, including Seeking Alpha, Motley Fool, and Investopedia. Additionally, he held the position of Vice President of Sales & Marketing at Global Discovery Group, Inc. from February 2017 to May 2018.1
He holds multiple certifications in financial modeling and wealth management, including the Financial Modeling & Valuation Analyst (FMVA) and Capital Markets & Securities Analyst (CMSA) from the Corporate Finance Institute.1
Highlights
Asure (NASDAQ: ASUR) Continues Double-Digit Recurring Revenue Growth During Q2 2024, On Track for FY 2024 Revenue Growth of More than 20%
Asure Software recently announced its financial results for Q2 2024, showcasing significant growth in high-value recurring revenues, which grew by 18% year-over-year to $27.1 million, accounting for 96% of total sales. This shift from one-time Employee Retention Tax Credit (ERTC) revenues to sustainable recurring revenues underscores the company's progress in expanding its Human Capital Management (HCM) software offerings to small and medium-sized business (SMB) clients. Asure's Chairman and CEO, Pat Goepel, noted the doubling of backlog balances compared to Q2 2023, reflecting strong demand and supporting the company's robust growth estimates.
Key strategic moves during the quarter included a new agreement with Vensure Employer Solutions, expanding Asure’s Payroll Tax Management platform, and the acquisition of an applicant tracking system technology company, enhancing the hiring process for SMBs. Additionally, a strategic partnership with MyHRScreens will provide comprehensive background screening services for Asure’s clients.
Looking ahead, Asure has updated its full-year 2024 revenue outlook, projecting total revenues between $123 million and $129 million, representing at least 20% year-over-year growth. This follows a trend of double-digit revenue growth since 2021, driven by the company's focus on expanding its HCM product suite. The ongoing transition to recurring revenue streams positions Asure for continued success and investor confidence in its strategic direction.
#ASUR #stocks #stockmarket #investing #news #trading #earnings #revenue #HCM #HRtech #software #technology #investing #nasdaq #growth #smallcaps #smallcapstocks #smallbusiness #SMB #business #operations #humancapitalmanagement #humanresources #newsalert
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Broad Stock Market Rally Gaining Steam As Investors Eye Potential Rate Cuts
The "Magnificent Seven," consisting of tech giants Alphabet, Apple, Amazon, Meta Platforms, Microsoft, Nvidia, and Tesla, has long dominated market rallies, further fueled by the artificial intelligence (AI) boom. However, market dynamics are shifting as investors seek stocks with more reasonable valuations and anticipate future interest rate cuts. This shift has led to renewed interest in the broader market and underappreciated areas like small-cap stocks.
While AI and semiconductor stocks have surged, the PHLX Semiconductor Index (SOX) recently declined, signaling possible concerns of an AI bubble. Conversely, small-cap stocks, represented by the Russell 2000 Index (RUT), have seen a significant resurgence, surging 10.70% in the past month.
Amidst this rotation, Texas-based Asure Software (NASDAQ: ASUR), a human capital management solutions provider, stands out with strong technical and fundamental indicators. Asure’s stock is nearing a “golden cross” and exhibits a strong uptrend, supported by key technical indicators like the ADX and MACD. Investors are keenly awaiting Asure’s Q2 financial results on August 1, 2024, to gauge its performance and future outlook.
#stocks #stockmarket #interestrates #SPY #AMZN #AAPL #ASUR #smallcaps #smallcapstocks #investors #marketnews #magnificentseven #ratecuts #semiconductor #artificialintelligence #AI #stocknews #investing
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