Textura Corp (TXTR) SEC Filing 10-Q Quarterly report for the period ending Wednesday, September 30, 2015

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Textura Corp
Ticker: TXTR CIK: 1565337

Exhibit 99.1

Textura Announces 38% Revenue Growth in Third Quarter 2015

Q3 2015 Results

•Revenue of $22.5 million, up 38% y/y

•Billings of $26.1 million, up 39% y/y

•Adjusted EBITDA profit of $3.1 million

•Adjusted Basic and Diluted EPS of $0.07

•Cash generated from operations of $6.4 million

Chicago, IL, November 9, 2015 / PRNewswire / -- Textura Corporation (NYSE: TXTR), a leading provider of collaboration solutions for the construction industry, today announced financial results for the quarter ended September 30, 2015.

“We delivered another quarter of solid Adjusted EBITDA and cash flow, and continued to add value to our customers by increasing the functionality of our suite of solutions,” said Dave Habiger, interim CEO. “The continued addition of large general contractors to our platform this quarter reinforces our industry-leading position and our commitment to growing our business and creating long-term shareholder value.”

Q3 2015 Key Business Highlights


•	Yates Construction, a full service general contractor based in Mississippi, joined the growing list of large general contractors on CPM. Its parent, The Yates Companies, Inc., recently ranked No. 25 on Engineering News-Record’s 2015 ENR 400 listing of top general contractors, based on total revenues of $2.42 billion in 2014.


•	TexturaLink was recently launched to improve the integration between CPM and customers' ERP systems. This Web services-based tool enables the seamless flow of information between CPM and construction companies' other financial applications, eliminating manual import and export of information and reducing errors.


•	Early adoption of the Early Payment Program (EPP), which facilitates third-party funding that enables general contractors to provide accelerated payments to subcontractors, continued during the quarter. Textura provides the technology for EPP through its CPM solution and technology platform.

Q3 2015 Results


•	Revenue: Revenue was $22.5 million, a year-over-year increase of 38%. Activity-driven revenue increased 42% to $18.4 million and organization-driven revenue increased 20% to $4.1 million. Billings of $26.1 million increased 39% year over year, with 7% of the growth associated with multi-year deals.


•	Gross Margin: Adjusted gross margin improved to 84.1% and GAAP gross margin was 82.9% for the quarter, compared with 82.3% and 79.6%, respectively, in the quarter ended September 30, 2014.

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Adjusted EBITDA and Net Loss: Adjusted EBITDA was $3.1 million, compared with a loss of ($1.0) million in the quarter ended September 30, 2014. GAAP net loss was ($2.5) million, an improvement from a loss of ($7.5) million in the prior-year period. Adjusted Basic and Diluted EPS was $0.07, compared with an Adjusted Basic and Diluted net loss per share of ($0.07) in the quarter ended September 30, 2014. GAAP basic and diluted net loss per share was ($0.09) compared with a loss per share of ($0.30) in the prior-year period.

The following information was filed by Textura Corp (TXTR) on Monday, November 9, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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