Friday, March 10, 2017

DrawingView - Construction Project Management App & Software


Construction Project Management App & Software for Architects and Contractors

More than 5000 Contractors and Architects use DrawingView Software for their projects. It is loved by Architects, General Contractors, Engineers, Sub Contractors, and Project Managers. #1 iPhone & iPad App for Punch List, RFI, and Construction Reports.

Link to web-site:

Friday, March 3, 2017

ARC Document Solutions Financial Statements – Looking at some of the numbers within the numbers

ARC very recently filed its annual 10K Report with the SEC, and I decided to take a quick scroll through the 10K.

These are my takeaways on some of the “numbers within the numbers”:

From “Revenue Recognition” (page F-12 of 10K)

“Revenues from hosted software licensing activities are recognized ratably over the term of the license. Revenues from software licensing activities comprise less than 1% of the Company’s consolidated revenues during the years ended December 31, 2016 , 2015 and 2014.”

Total Sales
Percent of Sales attributable to Software Licensing activities
$Range of Sales attributable to Software Licensing activities
Year 2016
$406.32 mil
“Less than 1%”
$1.00 - $4.06 mil
Year 2015
$428.67 mil
“Less than 1%”
$1.00 - $4.29 mil
Year 2014
$423.76 mil
“Less than 1%”
$1.00 - $4.24 mil

Blog Publisher’s Comments:

In its Sales (revenue) reporting by “segment”, ARC does not specifically break out revenues specifically attributable to Skysite, Planwell and Abacus.  Instead, sales of those (ARC technology products/services) are included in ARC’s CDIM revenue segment.

However, given that ARC has made it very clear to the industry that it is pursuing technology revenues to hopefully replace print revenues – the difficult transition that ARC’s management team has been referring to in recent earnings calls – one wonders (at least I do) how ARC is fairing, sales-wise, with regard to its technology products/services.  In the 10K, ARC stated that its revenues – in 2016, 2015, and 2014 - from software licensing activities were “less than 1%.  If that’s so, that means that for year 2016 ARC’s sales of technology products/services (Skysite, Planwell, Abacus) ranged somewhere between $1.00 (on the low end) and $4.06 million (on the high end.)

If Sales of Skysite “breakout”, at some point down the road, you will, in future 10K reports, see ARC state that Sales attributable to Software Licensing activities have grown beyond 1%.

Before you read the “Geographic Reporting” numbers below, first read these two paragraphs, which were taken from the 10K:

“Our products and services are available from any of our 177 service centers around the world, and nearly all of our services can be made available in our customers’ offices.  Our geographic presence is concentrated in the U.S., with additional service centers in Canada, China, India and the United Kingdom.”

“At the end of 2016, we operated 177 service centers, of which 147 were in the U.S., 10 were in Canada, 16 were in China, 1 was in London (UK), 2 were in India and 1 was in the United Arab Emirates.”

From “Geographic Reporting” (page F-13 of 10K)
“The Company recognizes revenues in geographic areas based on the location to which the product was shipped or services have been rendered. Operations outside the United States have historically been small. See table below for revenues and long-lived assets, net, excluding intangible assets, attributable to the Company’s U.S. operations and foreign operations.”

Total Sales
Non-US Sales
US Sales
Year 2016
$406.32 mil
$53.24 mil
$353.08 mil
Year 2015
$428.67 mil
$62.58 mil
$366.09 mil
Year 2014
$423.76 mil
$59.37 mil
$364.39 mil

“Research and Development Expenses” (page F-14 of 10K)

“Research and development activities relate to costs associated with the design and testing of new technology or enhancements and maintenance to existing technology. Such costs are expensed as incurred are primarily recorded to cost of sales. In total, research and development amounted to $6.2 million , $5.8 million and $6.3 million during the fiscal years ended December 31, 2016 , 2015 and 2014 , respectively.”

Blog Publisher’s Comments:

Based on the information presented in the above paragraph and based on information ARC presented in the paragraph that indicated that ARC’s revenues from Software Licensing activities are less than 1% of total sales revenues, it does appear that ARC’s expense for R&D of its technology products/services exceeds the revenues that ARC is currently generating from technology products/services.  Look for that situation to change if ARC's Skysite "breaks out."

Balfour Beatty exits the Middle East

From a note on March 2nd, 2017, posted on

UAE-based construction firm Dutco has finalized the acquisition of the minority shares held by Balfour Beatty plc within its joint companies Dutco Balfour Beatty LLC, Dutco Construction Company LLC and BK Gulf LLC.

As to Balfour Beatty….the company has, so far, pulled out of the Middle East, Indonesia, and Australia since the beginning of 2015…. to focus on its chosen markets of the UK, US, and Far East.

Wednesday, February 22, 2017

Todd Moore recently named National Director - Facility Solutions at ARC Document Solutions

According to updated profile information I received via LinkedIn this afternoon, Todd Moore was recently named National Director - Facility Solutions” at ARC Technology Solutions (a unit of ARC Document Solutions).  Per LinkedIn, this took place in December 2016.

“ARC Technology Solutions delivers game-changing productivity improvements for the Facilities and Construction Industries through a combination of software, mobile apps and unique services. Our customers can get accurate facilities and construction information instantly, anytime, anywhere and on any device throughout a building’s lifecycle. Our Construction solution includes 3D visualizations and cloud-based close-out documents to win more projects; BIM modeling services to identify and resolve conflicts before construction starts; and SKYSITE software and mobile apps to enable your construction teams to store, organize, access, markup, sync and easily share and track ALL your project documents, anytime, anywhere and on any device. Our Facilities solution includes scanning your large and small format documents; adding indexing and intelligent navigation so you can find exactly what you need; and providing anytime, anywhere access to your critical facilities’ information through our cloud-based SKYSITE software and mobile apps.

Blog Publisher’s comment:

Todd Moore has been on the ARC team since June 2004.

From June 1999 until June 2004, Todd was on the Print-O-Stat team.

And, from March 1995 until June 1999, Todd was General Manager of Lancaster (PA) Blueprint Company.

Congrats to Todd on his promotion within the ARC organization.