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Textura Corporation |
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Consolidated Statements of Operations (unaudited) |
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(in thousands, except per share amounts) |
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Three Months Ended |
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March 31, |
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|
2016 |
2015 |
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Revenues |
$ 24,662 |
$ 19,201 |
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Operating expenses: |
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Cost of services (exclusive of depreciation and amortization shown separately below) |
4,522 |
3,578 |
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General and administrative |
8,152 |
6,832 |
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Sales and marketing |
5,326 |
5,193 |
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Technology and development |
5,515 |
4,709 |
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Depreciation and amortization |
2,566 |
1,876 |
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Total operating expenses |
26,081 |
22,188 |
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Loss from operations |
(1,419) |
(2,987) |
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Other income, net |
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Interest income and other expense, net |
23 |
15 |
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Interest expense |
(4) |
(11) |
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Total other income, net |
19 |
4 |
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Loss before income taxes |
(1,400) |
(2,983) |
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Income tax provision |
135 |
84 |
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Net loss |
$ (1,535) |
$ (3,067) |
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Net loss attributable to Textura Corporation common stockholders |
$ (1,535) |
$ (3,067) |
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Net loss per share attributable to Textura Corporation common stockholders, basic and diluted |
$ (0.06) |
$ (0.12) |
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Weighted-average number of common shares outstanding, basic and diluted |
26,195 |
25,640 |
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Textura Corporation |
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Consolidated Statements of Cash Flows (unaudited) |
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(in thousands) |
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Three Months Ended |
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|
March 31, |
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|
2016 |
2015 |
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Cash flows from operating activities |
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Net loss |
$ (1,535) |
$ (3,067) |
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Adjustments to reconcile net loss to net cash provided by operating activities: |
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Depreciation and amortization |
2,566 |
1,876 |
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Deferred income taxes |
135 |
80 |
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Share-based compensation |
3,072 |
1,971 |
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Changes in operating assets and liabilities: |
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Accounts receivable, net |
592 |
659 |
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Prepaid expenses and other assets |
(49) |
(40) |
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Deferred revenue, including long-term portion |
2,438 |
2,334 |
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Accounts payable |
(704) |
(62) |
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Accrued expenses and other |
(1,506) |
(559) |
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Net cash provided by operating activities |
5,009 |
3,192 |
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Cash flows from investing activities |
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Increase in restricted cash |
- |
(400) |
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Purchases of property and equipment, including software development costs |
(1,567) |
(2,889) |
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Net cash used in investing activities |
(1,567) |
(3,289) |
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Cash flows from financing activities |
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Payments on capital leases |
- |
(226) |
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Proceeds from exercise of options |
136 |
1,120 |
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Net issuance of common stock |
25 |
56 |
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Net cash provided by financing activities |
161 |
950 |
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Effect of changes in foreign exchange rates on cash and cash equivalents |
6 |
(121) |
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Net increase in cash and cash equivalents |
3,609 |
732 |
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Cash and cash equivalents |
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Beginning of period |
78,669 |
66,758 |
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End of period |
$ 82,278 |
$ 67,490 |
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