Textura Announces 33% Revenue Growth in Fourth Quarter 2015

 

 

The following table reconciles Adjusted Gross Margin to the most directly comparable GAAP measure, gross margin:

 

Three Months Ended

 

Twelve Months Ended

 

December,

 

December 31,

 

2015

 

2014

 

2015

 

2014

 

(dollars in thousands)

 Revenue 

$ 23,732

 

$       17,862

 

$ 86,729

 

$ 62,968

 Cost of services 

4,079

 

3,606

 

15,254

 

12,851

   Gross profit 

$ 19,653

 

$       14,256

 

$71,475

 

$50,117

   Gross margin 

82.8%

 

79.8%

 

82.4%

 

79.6%

 Adjustments: 

             

 Share-based compensation as % of revenue 

1.3%

 

1.1%

 

1.1%

 

0.9%

 Acquisition-related and other expenses as % of revenue* 

0.2%

 

1.5%

 

0.2%

 

1.0%

   Adjusted Gross Margin  

84.3%

 

82.4%

 

83.7%

 

81.5%

 

* Acquisition-related and other expenses represented certain tax-related costs.

 

The follow table reconciles Free Cash Flow to the most directly comparable GAAP measure, net cash from operating activities:

 

Three Months Ended
December 31, 2015

 

Twelve Months Ended
December 31, 2015

 

(in thousands)

Net cash provided by operating activities

$                     6,127

 

$                20,306

Purchases of property and equipment, including software development costs   

(2,222)

 

(13,301)

Free Cash Flow

$                     3,905

 

$                  7,005

 

 

The following tables reconcile Basic and Diluted Adjusted EPS guidance to the most directly comparable GAAP measure, net loss per share:

 

Three Months Ending

 

Twelve Months Ending

 

March 31, 2016

 

December 31, 2016

 

High End

 

Low End

 

High End

 

Low End

 Basic net loss per share 

$    (0.04)

 

$   (0.08)

 

$         -

 

$   (0.15)

 Share-based compensation 

0.12

 

0.12

 

0.40

 

0.40

 Amortization of intangible assets 

0.03

 

0.03

 

0.10

 

0.10

   Adjusted Basic EPS  

$      0.11

 

$     0.07

 

$      0.50

 

$     0.35

       
       
 

Three Months Ending

 

Twelve Months Ending

 

March 31, 2016

 

December 31, 2016

 

High End

 

Low End

 

High End

 

Low End

 Diluted net loss per share 

$    (0.04)

 

$   (0.08)

 

$         -

 

$   (0.15)

 Share-based compensation 

0.12

 

0.12

 

0.38

 

0.38

 Amortization of intangible assets 

0.03

 

0.03

 

0.10

 

0.10

   Adjusted Diluted EPS  

$      0.11

 

$     0.07

 

$      0.48

 

$     0.33


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