Textura Corporation

Consolidated Statements of Operations (unaudited)

 (in thousands, except per share amounts)

Three Months Ended December 31,

2013

2012

Revenues    

$   12,003

$     6,771

Operating expenses

Cost of services (exclusive of depreciation and amortization shown separately below)   

2,742

1,688

General and administrative   

5,378

3,705

Sales and marketing   

4,264

1,818

Technology and development   

5,667

2,995

Depreciation and amortization   

1,560

760

Total operating expenses   

19,611

10,966

Loss from operations   

(7,608)

(4,195)

Other expense, net

Interest income   

26

1

Interest expense   

(120)

(2,103)

Change in fair value of conversion option liability   

-

289

Total other expense, net   

(94)

(1,813)

Loss before income taxes   

(7,702)

(6,008)

Income tax provision (benefit)

(1,026)

35

Net loss   

(6,676)

(6,043)

Less: Net loss attributable to non-controlling interests   

(79)

(1,046)

Net loss attributable to Textura Corporation   

(6,597)

(4,997)

Accretion of redeemable Series A-1 preferred stock   

-

165

Accretion of redeemable non‑controlling interest   

70

76

Dividends on Series A-2 preferred stock   

-

120

Net loss available to Textura Corporation common stockholders   

$   (6,667)

$  (5,358)

Net loss per share available to Textura Corporation common stockholders, basic and diluted   

$     (0.27)

$     (0.62)

Weighted average number of common shares outstanding, basic and diluted   

24,679

8,579