|
Textura Corporation |
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|
Operating Metrics (unaudited) |
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|
(dollars in thousands, except where otherwise indicated) |
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Three Months Ended December 31, |
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|
2013 |
2012 |
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|
Activity-driven revenue |
$ 9,372 |
$ 5,986 |
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|
Organization‑driven revenue |
2,631 |
785 |
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Total revenue |
$ 12,003 |
$ 6,771 |
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Activity‑driven revenue: |
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Number of projects added |
1,466 |
1,048 |
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Client‑reported construction value added (billions) |
$ 17.9 |
$ 7.3 |
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|
Active projects during period |
6,580 |
5,046 |
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Organization‑driven revenue: |
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Number of organizations |
11,706 |
5,412 |
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The following table presents a reconciliation from the most directly comparable GAAP measure, net loss, to Adjusted EBITDA (in thousands, unaudited):
|
Three Months Ended December 31, |
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|
2013 |
2012 |
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|
Net loss |
$ (6,676) |
$ (6,043) |
|
|
Net interest expense |
94 |
2,102 |
|
|
Income tax provision (benefit) |
(1,026) |
35 |
|
|
Depreciation and amortization |
1,560 |
760 |
|
|
EBITDA |
(6,048) |
(3,146) |
|
|
Share‑based compensation expense |
1,583 |
661 |
|
|
Acquisition‑related expenses * |
423 |
156 |
|
|
Adjusted EBITDA |
$ (4,042) |
$ (2,329) |
|
* Acquisition-related expenses are included within general and administrative expenses on the statement of operations.
Share-based compensation expense for employee equity awards is reflected in the following captions in the consolidated statements of operations (in thousands, unaudited):
|
Three Months Ended December 31, |
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|
2013 |
2012 |
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|
Cost of services |
$ 95 |
$ 44 |
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|
General and administrative |
857 |
451 |
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|
Sales and marketing |
401 |
83 |
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|
Technology and development |
230 |
83 |
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Total |
$ 1,583 |
$ 661 |
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