Textura Reports Financial Results for Qtr-end March 31 2014 – How'd it do?

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Update: just
noticed that Textura shares opened trading at $14.24 this morning, the day
after Textura released its financial results.
It’s now around 9:50 am, and Textura shares have climbed back up to
$15.01.

Textura reported its financial
results today, after the market closed, and, I’ll get to the results in just a
minute.

I watched Textura’s stock late
this afternoon. One minute prior to the
market close, Textura was at:

$15.64

-1.53 (-8.91%)

May 7 –
3:59 pm

Then,
one minute later, at market close, Textura was at:

$16.06

-1.11 (-6.46%)

May 7 –
Close

Quite
interesting how the share price jumped $.42 in the last minute of trading.

Here’s
Textura shares trading range reported on Google Finance today:

Range (May 7^th):	15.25 – 17.10
52 week range:	15.25 – 47.25

Wow, Textura’s share price is now
a lot closer to the $4.00 price Citron Research suggested Textura is worth than
it is to it’s all-time-high or to the price Textura was at just prior to
Citron’s initial “report”. I’m still
wondering if Textura is still on Barrington Research’s “best ideas” list and
whether or not the analysts who follow Textura, and who have previously issued
price targets of $50 or more, are still sticking to their price targets!

Textura is either a) still
well-overpriced or b) now, the bargain buy of 2014!

Textura : Announces Revenue Increase of 61% for the Quarter ended March
31, 2014

05/07/2014 | 04:07pm US/Eastern …..

CHICAGO, May 7, 2014 /PRNewswire/ — Textura
Corporation (NYSE: TXTR), the leading provider of collaboration solutions for
the construction industry, today announced financial results for the quarter
ended March 31, 2014.

Revenue increased 61%
year over year to $13.8 million

Organic revenue growth
of 46% year over year

Construction value
added of $19.5 billion, up 84% year over year

Gross margin of 79%,
up from 77% in prior quarter

Adjusted EPS loss of
$0.16, improving from $0.19 in the prior quarter

Net loss per share of
$0.30, compared to $0.27 in the prior quarter

Change in fiscal year end from September 30th to December 31^st

Here’s the complete post on 4-traders.com about Textura’s
financial results:

http://www.4-traders.com/TEXTURA-CORP-13351807/news/Textura–Announces-Revenue-Increase-of-61-for-the-Quarter-ended-March-31-2014-18398186/

Blog Publisher’s Comments:

Let’s take a very quick, brief look
at, to me, the most important numbers I like to look at – revenues and incomes
(or, in this case, losses).

Below, I’ve posted Textura’s
financial results for the quarter-ended March 31^st for three
years, but please note that, since I could not find the net loss “available
to Textura common shareholders (because I could not find that line in the 2012
results), I’ve used the line net loss “attributable to” Textura Corp. as the
comp. (The 2012 numbers come from Textura’s
S1 Registration Statement, the one filed in connection with Textura’s June 2013
IPO.)

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	Quarter-end	Quarter-end	Quarter-end
	3/31/14	3/31/13	3/31/12
Revenue	$13,787,000	$8,548,000	$5,185,000
Net Loss Attributable to Textura Corp	$(7,265,000)	$(4,184,000)	$(4,251,000)

We know that Textura’s 3/31/14
numbers contain “acquired” revenues – attributable to PlanSwift and Latista –
and, in the 2013 period, Textura’s revenues included PlanSwift revenues, but no
Latista revenues, and, in the 2012 period, Textura’s revenues did not include
any PlanSwift or Latista revenues. The
table below is not an official table, it’s one that I put together myself, and
it is based on numbers I found in Textura filings; this table shows my estimate of Textura’s “organic”
revenues, after subtracting PlanSwift revenues and Latista revenues.

While Textura’s revenues are increasing, does
this look to you like a “robust” “growth” company? Textura is certainly growing, but even at
$16.06 per share, it’s market cap is just under $400 million!

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	Quarter-end	Quarter-end	Quarter-end
	3/31/14	3/31/13	3/31/12
Total Revenue Textura Corp	$13,787,000	$8,548,000	$5,185,000
Less: Estimated Revenues from PlanSwift biz	$1,500,000	$1,000,000	N/A
Less: Estimated Revenues from Latista biz	$700,000	N/A	N/A
Textura Corp organic revs	$11,587,000	$7,548,000	$5,185,000

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And, when you look at the losses,
especially this year’s 03/31/14 quarterly loss, you’ve got to ask, “where’s the
beef?” I mean, c’mon, show me the money!

Reprographics 101

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