Textura Corp (TXTR) SEC Filing 10-K Annual report for the fiscal year ending Monday, September 30, 2013

Earnings Press Release
10-K Annual Report
10-K YoY Changes
Textura Corp
Ticker: TXTR CIK: 1565337

Exhibit 99.1

News Release

Textura Announces Revenue Increase of 72% for Fourth Quarter 2013

Chicago, IL, November 21, 2013 / PRNewswire/ --Textura Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, today announced financial results for the fourth quarter and fiscal year ended September 30, 2013.


•	Revenue increased 72% year over year to $10.9 million


•	Accelerating revenue growth from 65% in prior quarter


•	Construction value added of $23.7 billion, up 158% year over year & up 74% from the third quarter


•	Recently announced an agreement to acquire LATISTA, the leading provider of mobile-enabled, cloud-based field management solutions in the industry


•	In September launched BidOrganizer™, a new solution designed to help contractors with a central, online location to prioritize, track, and schedule all bid invitations

“We delivered another quarter of very strong growth as demand for our products continues to be driven by new customers embracing our unique solutions and existing customers ramping implementation of their projects on our solutions,” said Patrick Allin, Chairman and CEO of Textura. “During the quarter we continued to execute on our strategic initiatives as we launched new products, announced new customer engagements, and completed a follow-on equity offering which further enhanced our financial liquidity. Just last week, we announced our agreement to acquire LATISTA which will broaden our suite of solutions and provide Textura with mobile capabilities further expanding our large addressable market.”

“During the quarter we delivered accelerating year over year growth in revenue and construction value added which exceeded expectations,” said Jillian Sheehan, Executive Vice President and CFO of Textura. “We continue to make significant investments to support the growth of our Company and we are raising our outlook for fiscal year 2014.”

Results for the fourth quarter of fiscal 2013:


•	Revenue: Revenue was $10.9 million, an increase of 72% over the prior year period, and an acceleration from 65% year over year growth in the quarter ended June 30, 2013. Organic revenue increased by 45% year over year, an acceleration from 38% in the prior quarter.


•	Operating Metrics: Active construction projects increased 32% year over year to 6,225, with more than 1,500 projects added during the quarter representing $23.7 billion in construction value added, up 158% year over year and 74% from the previous quarter.


•	Deferred Revenue: Deferred revenue at September 30, 2013 was $21.9 million, up 55% from September 30, 2012, and up 17% from $18.8 million at June 30, 2013.


•	Adjusted EBITDA: Adjusted EBITDA loss was $4.5 million, an increase from $2.0 million in the fourth quarter of fiscal 2012. Adjusted EPS loss was $0.23, a decrease from $0.33 in the fourth quarter 2012, driven by a higher share count.


•	Total Cash and Cash Equivalents: As of September 30, 2013, total cash and cash equivalents was $127.7 million, which includes net proceeds received in the fourth quarter of $59.8 million in connection with our follow-on offering completed on September 19, 2013.

The following information was filed by Textura Corp (TXTR) on Thursday, November 21, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Textura Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Textura Corp.

Continue

Please wait while we load the requested 10-K report or click the link below:

https://last10k.com/sec-filings/report/1565337/000156533713000029/txtr10k093013.htm