Textura Announces 28% Revenue Growth in First Quarter 2016

	Three Months Ended
	March 31,
	2016	2015
	(in thousands, except per share amounts)
Net loss attributable to Textura Corporation common shareholders	$ (1,535)	$ (3,067)
Net loss	$(1,535)	$(3,067)

Share-based compensation	3,072	1,971
Amortization of intangible assets	783	1,053
Other expenses (1)	135	-
Adjusted net income (loss)	$ 2,455	$ (43)

Weighted-average number of common shares outstanding - basic and diluted	26,195	25,640
Dilutive equity awards (2)	673	-
Adjusted weighted-average number of common shares outstanding - diluted	26,868	25,640

Adjusted Basic EPS (3)	$ 0.09	$ -
Adjusted Diluted EPS (3)	$ 0.09	$ -


(1) In 2016, other expenses represented certain costs related to the previously disclosed CEO transition as well as other legal expenses. (2) For the three months ended March 31, 2016, dilutive equity awards totaled 0.7 million. Dilutive equity awards represent potential common stock instruments such as stock options, unvested restricted stock units and warrants. Potential common stock instruments are excluded for the three months ended March 31, 2015 as their effect would be anti-dilutive. (3) Adjusted Basic EPS is calculated using adjusted net income (loss) divided by the weighted-average number of common shares outstanding - basic and diluted. For the three months ended March 31, 2016, Adjusted Diluted EPS is calculated using adjusted net income (loss) divided by the adjusted weighted-average number of common shares outstanding - diluted. For the three months ended March 31, 2015, given the loss position, Adjusted Diluted EPS equals Adjusted Basic EPS.

	Three Months Ended March 31, 2016
		Share-Based
		Compensation
		and
	GAAP	Amortization		Adjusted
	Operating	of Intangible	Other	Operating
	Expenses	Assets	Expenses*	Expenses
	(in thousands)
Cost of services	$ 4,522	$ 378	$ -	$ 4,144
General and administrative	8,152	2,069	135	5,948
Sales and marketing	5,326	402	-	4,924
Technology and development	5,515	223	-	5,292
Depreciation and amortization	2,566	783	-	1,783
Total	$ 26,081	$ 3,855	$ 135	$ 22,091


* In 2016, other expenses represented certain costs related to the previously disclosed CEO transition as well as other legal expenses.