Textura Announces 28% Revenue Growth in First Quarter 2016

 

 

Three Months Ended March 31, 2015

     

Share-Based

   
     

Compensation

   
     

and

   
 

GAAP

 

Amortization

 

Adjusted

 

Operating

 

of Intangible

 

Operating

 

Expenses

 

Assets

 

Expenses

 

(in thousands)

 Cost of services 

$     3,578

 

$               187

 

$     3,391

 General and administrative 

6,832

 

1,316

 

5,516

 Sales and marketing 

5,193

 

266

 

4,927

 Technology and development 

4,709

 

202

 

4,507

 Depreciation and amortization 

1,876

 

1,053

 

823

   Total 

$   22,188

 

$            3,024

 

$   19,164

 

 

Three Months Ended

 

March 31,

 

2016

 

2015

 

(dollars in thousands)

 Revenue 

$       24,662

 

$       19,201

 Cost of services 

4,522

 

3,578

   Gross profit 

$       20,140

 

$       15,623

   Gross margin 

81.7%

 

81.4%

 Adjustments: 

     

 Share-based compensation as a % of revenue 

1.5%

 

0.9%

   Adjusted Gross Margin  

83.2%

 

82.3%

 

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To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/textura-announces-28-revenue-growth-in-first-quarter-2016-300259311.html

SOURCE Textura Corporation

Contact:
Textura Corporation
Web: http://www.texturacorp.com



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