Textura Corporation Operating Metrics (unaudited) (dollars in thousands and where otherwise indicated) |
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Three Months Ended March 31, |
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2015 |
2014 |
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Activityâ�driven revenue |
$ |
14,993 |
$ |
10,657 |
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Organizationâ�driven revenue |
4,208 |
3,130 |
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Total revenue |
$ |
19,201 |
$ |
13,787 |
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Activityâ�driven revenue: |
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Number of projects added |
1,794 |
1,712 |
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Clientâ�reported construction value added (billions) |
$ |
24.1 |
$ |
19.5 |
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Active projects during period |
8,469 |
7,052 |
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Organizationâ�driven revenue: |
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Number of organizations |
18,662 |
14,173 |
The following table reconciles Adjusted EBITDA to the most directly comparable GAAP measure, net loss:
Three Months Ended March 31, |
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2015 |
2014 |
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(in thousands) |
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Net loss |
$ |
(3,067) |
$ |
(7,340) |
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Total other income (expense), net |
(4) |
25 |
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Income tax provision (benefit) |
84 |
80 |
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Depreciation and amortization |
1,876 |
1,886 |
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EBITDA |
(1,111) |
(5,349) |
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Shareâ�based compensation expense |
1,971 |
1,936 |
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Acquisitionâ�related and other expenses * |
— |
74 |
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Adjusted EBITDA |
$ |
860 |
$ |
(3,339) |
* Acquisition-related and other expenses represent acquisition and strategic transaction costs. |