Textura Announces 28% Revenue Growth in First Quarter 2016

Investor Contact:

 

Media Contact:

Annie Leschin

 

Matt Scroggins

Textura Corporation, Investor Relations

 

matt.scroggins@texturacorp.com

annie@streetsmartir.com

 

224-254-6652

415-775-1788

   

or

   

ir@texturacorp.com

   

847-457-6553

   

 

Textura Corporation

Consolidated Balance Sheets (unaudited)

(in thousands, except per share amounts)

       
 

March 31,
2016

 

December
31,
2015

   

Assets

     

Current assets:

     

Cash and cash equivalents   

$    82,278

 

$    78,669

Accounts receivable, net of allowance of $243 and $193 at March 31, 2016 and December 31, 2015, respectively

5,842

 

6,425

Prepaid expenses and other current assets   

1,276

 

1,225

Total current assets   

89,396

 

86,319

Property and equipment, net   

33,970

 

34,214

Restricted cash   

2,839

 

2,839

Goodwill   

52,848

 

52,848

Intangible assets, net   

7,182

 

7,965

Other assets   

163

 

157

Total assets   

$  186,398

 

$  184,342

       

Liabilities and Stockholders' Equity 

     

Current liabilities:

     

Accounts payable   

$     1,956

 

$     2,701

Accrued expenses   

9,887

 

11,378

Deferred revenue, short-term

42,828

 

40,089

Total current liabilities   

54,671

 

54,168

Deferred revenue, long-term

3,426

 

3,724

Other long-term liabilities

2,194

 

2,040

Total liabilities   

60,291

 

59,932

Stockholders' equity:

     

Common stock, $.001 par value; 90,000 shares authorized; 26,875 and 26,861 shares issued and 26,205 and 26,190

     

shares outstanding at March 31, 2016 and December 31, 2015, respectively

26

 

26

Additional paid in capital   

364,578

 

361,370

Treasury stock, at cost; 670 and 671 shares at March 31, 2016 and December 31, 2015, respectively

(10,284)

 

(10,309)

Accumulated other comprehensive loss

(663)

 

(662)

Accumulated deficit   

(227,550)

 

(226,015)

Total Textura Corporation stockholders' equity 

126,107

 

124,410

Total liabilities and stockholders' equity

$  186,398

 

$  184,342


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