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The penetration of the North American market with the addition of industry-leading customers such as Turner Construction, the largest general builder in North America. Turner’s nation-wide rollout of Textura's CPM solution began in late 2014 and, as they implement, we expect them to add over 1,200 projects and more than $20 billion in construction value over 2015 and early 2016.
The ongoing global expansion of the business with the addition of Colin Smith, President of Textura Europe Limited, and Milton Walters, President of Textura Australasia, to the management team. Their proven track records in construction technology will help to accelerate the international growth of the business.
The significant investment in Textura's many solutions, the further integration of our solutions and the development of new solutions for the construction industry, such as the recent announcement of the Early Payment Program (EPP). Turner is expected to be the first client to implement EPP starting in 2015. Utilizing this new functionality in CPM, we believe that EPP has significant long-term potential to drive revenue and profitability.
Continued solid revenue growth and decreasing Adjusted EBITDA losses culminating in positive operating cash flow in the last three quarters and positive Adjusted EBITDA in the fourth quarter.
The following information was filed by Textura Corp (TXTR) on Tuesday, February 24, 2015 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.
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