Textura Corp (TXTR) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

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Textura Corp
Ticker: TXTR CIK: 1565337

Exhibit 99.1

Textura Announces 33% Revenue Growth in Fourth Quarter 2015

Q4 2015 Results

•Revenue of $23.7 million, up 33% y/y

•Billings (including contractual backlog) of $26.5 million, up 34% y/y

•Adjusted EBITDA profit of $3.9 million

•Adjusted Basic and Diluted EPS of $0.09

•Cash generated from operations of $6.1 million

Fiscal Year 2015 Results


•	Revenue of $86.7 million, up 38% y/y


•	Billings (including contractual backlog) of $99.0 million, up 36% y/y

•Adjusted EBITDA profit of $10.2 million

•Adjusted Basic EPS of $0.21; Adjusted Diluted EPS of $0.20

•Cash generated from operations of $20.3 million

Chicago, IL, February 24, 2016 / PRNewswire / -- Textura Corporation (NYSE: TXTR), a leading provider of collaboration solutions for the construction industry, today announced financial results for the quarter and year ended December 31, 2015.

“The fourth quarter capped a solid year for Textura as we made progress towards our strategic goals. With growing demand for our solutions, evidenced by the addition of several large general contractors in the U.S., we are extending our leading position and market share,” said Dave Habiger, interim CEO. “Our proven model of strong revenue growth, Adjusted EBITDA and cash generation further strengthened our ability to continue to invest in our solution roadmap and return value to our shareholders.”

Q4 2015 Results


•	Revenue: Revenue was $23.7 million, a year-over-year increase of 33%. Activity-driven revenue increased 37% to $19.5 million and organization-driven revenue increased 17% to $4.3 million. Billings and contractual backlog, otherwise known as bookings, totaled $26.5 million in the fourth quarter, an increase of 34% year over year.


•	Gross Margin: Adjusted gross margin improved to 84.3% and GAAP gross margin was 82.8% for the quarter, compared with 82.4% and 79.8%, respectively, in the quarter ended December 31, 2014.

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Adjusted EBITDA and Net Loss: Adjusted EBITDA improved to $3.9 million from $0.4 million in the quarter ended December 31, 2014. GAAP net loss was ($8.2) million, compared with a loss of ($3.9) million in the prior-year period. Adjusted Basic and Diluted EPS was $0.09, compared with an Adjusted Basic and Diluted net loss per share of ($0.02) in the quarter ended December 31, 2014. GAAP basic and diluted net loss per share was ($0.31) compared with a net loss per share of ($0.15) in the prior-year period.

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Operating Metrics: Total active construction projects during the quarter increased 23% year over year to 10,358, representing approximately $202 billion in construction value. New projects added totaled 2,175, representing $24.5 billion in construction value, a 46% increase from the prior-year period. The increase was driven largely by CPM general contractor implementations as well as overall growth in the construction industry. Total number of organizations utilizing Textura's organization-driven solutions increased 20% to 20,884.

The following information was filed by Textura Corp (TXTR) on Wednesday, February 24, 2016 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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