Textura Announces 33% Revenue Growth in Fourth Quarter 2015

The following table reconciles Adjusted Gross Margin to the most directly comparable GAAP measure, gross margin:

	Three Months Ended		Twelve Months Ended
	December,		December 31,
	2015	2014	2015	2014
	(dollars in thousands)
Revenue	$ 23,732	$ 17,862	$ 86,729	$ 62,968
Cost of services	4,079	3,606	15,254	12,851
Gross profit	$ 19,653	$ 14,256	$71,475	$50,117
Gross margin	82.8%	79.8%	82.4%	79.6%
Adjustments:
Share-based compensation as % of revenue	1.3%	1.1%	1.1%	0.9%
Acquisition-related and other expenses as % of revenue*	0.2%	1.5%	0.2%	1.0%
Adjusted Gross Margin	84.3%	82.4%	83.7%	81.5%


* Acquisition-related and other expenses represented certain tax-related costs.

The follow table reconciles Free Cash Flow to the most directly comparable GAAP measure, net cash from operating activities:

	Three Months Ended December 31, 2015	Twelve Months Ended December 31, 2015
	(in thousands)
Net cash provided by operating activities	$ 6,127	$ 20,306
Purchases of property and equipment, including software development costs	(2,222)	(13,301)
Free Cash Flow	$ 3,905	$ 7,005

The following tables reconcile Basic and Diluted Adjusted EPS guidance to the most directly comparable GAAP measure, net loss per share:

	Three Months Ending		Twelve Months Ending
	March 31, 2016		December 31, 2016
	High End	Low End	High End	Low End
Basic net loss per share	$ (0.04)	$ (0.08)	$ -	$ (0.15)
Share-based compensation	0.12	0.12	0.40	0.40
Amortization of intangible assets	0.03	0.03	0.10	0.10
Adjusted Basic EPS	$ 0.11	$ 0.07	$ 0.50	$ 0.35


	Three Months Ending		Twelve Months Ending
	March 31, 2016		December 31, 2016
	High End	Low End	High End	Low End
Diluted net loss per share	$ (0.04)	$ (0.08)	$ -	$ (0.15)
Share-based compensation	0.12	0.12	0.38	0.38
Amortization of intangible assets	0.03	0.03	0.10	0.10
Adjusted Diluted EPS	$ 0.11	$ 0.07	$ 0.48	$ 0.33

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