Here’s a link to the 8K report (file) that Textura filed
with the SEC yesterday afternoon - this file contains the Press Release Textura
issued as well as its financial results for its last quarter and full fiscal
year)
Textura’s Press Release calls out
these highlights:
•
Revenue increased 72% year over year to $10.9 million
•
Accelerating revenue growth from 65% in prior quarter
•
Construction value added of $23.7 billion, up 158% year over year & up
74% from the third quarter
•
Recently announced an agreement to acquire LATISTA, the leading provider
of mobile-enabled, cloud-based field
management solutions in the industry
• In September launched
BidOrganizerTM, a new solution designed to help contractors with a central,
online location to
prioritize,
track, and schedule all bid invitations
Here’s a “snapshot” of TXTR shares at
close of market Nov 21 2013, just before TXTR releases its financial results:
Blog Publisher’s comments:
Well,
interestingly, Textura’s shares soared by nearly 10% yesterday, and that was
before Textura released its financial results.
Investors betting that the financial results would look good, be great,
be a surprise to the up-side?
Textura’s
sales did increased from $6.319 mil to $10.533 (Sep 30 2012 to Sep 30 2013) –
an increase of around $4.2 mil, but if that’s something for the company (or
analysts) to crow about, I’m as mystified as I normally am. Especially since approximately $1.5 mil of
that sales growth came from revenues acquired when Textura purchased
PlanSwift. Keep in mind that, at
yesterday’s market close, Textura’s market cap was $883 mil. And, also keep in mind that between the time
Textura went public in June and now, Textura did, at a few points, have a
market cap exceeding $1 billion.
Uh, that’s
correct. To me, this sort of valuation
for a company that, in my mind, is growing slowly and whose losses are growing,
not slowing, is ridiculous. But, that
just shows you how well I understand the stock market.
Take a look
at this:
per
TXTR 8K
|
3
months ended
|
3
months ended
|
Sep
30 2013
|
Sep 30 2012
|
|
Revenues
|
$10,853,000
|
$6,319,000
|
Net
Loss
|
$8,321,000
|
$4,499,000
|
F/Y ended
|
F/Y
ended
|
|
Sep
30 2013
|
Sep 30 2012
|
|
Revenues
|
$35,534,000
|
$21,681,000
|
Net
Loss
|
$39,622,000
|
$18,793,000
|
The person
who writes Textura’s financial Press Releases
is an excellent wordsmith (or perhaps it's a team that does that) The latest press release provided all sorts
of interesting numbers and statistics and percentages, etc – in an effort to
show you how wonderful the company is doing and how amazing its growth
prospects are.
It will be
interesting to see if Textura will become profitable, bottom-line profitable,
in 2014. I’ll bet you that won’t
happen. Nevertheless, its stock may
continue to do very well. There’s been a
lot of hype about Textura.
UPDATE, NOV 22ND, 10:00
AM
Well, Textura’s shares opened down this
morning, by approximately the same amount that they were up yesterday. Here’s a snapshot I just took of Textura’s
share price and trading activity:
In addition, I found this article on the web:
Textura Corp
(TXTR) Posts Quarterly Earnings Results, Misses Estimates By $0.18 EPS - Posted by Max Byerly on Nov 21st, 2013 on the TickerReport.com web-site:
Textura Corp posted
its quarterly earnings results on Thursday. The company
reported ($0.36) earnings per share for the quarter, missing the analysts’
consensus estimate of ($0.18) by $0.18, AnalystRatings.NET reports. The company had revenue of
$10.90 million for the quarter, compared to the consensus estimate of $10.73
million.
A number of
analysts have recently weighed in on TXTR shares. Analysts at JMP Securities
reiterated a “buy” rating on shares of Textura Corp in a research note to investors
on Monday, September 30th. They now have a $38.00 price target on the stock.
Analysts at Credit Suisse raised their price target on shares of Textura Corp
from $36.00 to $50.00 in a research note to investors on Monday, September
30th. They now have a “buy” rating on the stock. Five equities research
analysts have rated the stock with a buy rating, Textura Corp currently has a
consensus rating of “Buy” and an average price target of $36.20.
Shares of
Textura Corp (NASDAQ:TXTR) traded up 9.56% on Thursday, hitting $35.86.
The stock had a trading volume of 277,665 shares. Textura Corp has a 52 week
low of $19.68 and a 52 week high of $47.25. The stock has a 50-day moving
average of $38.31 and a 200-day moving average of $34.15. The company’s market
cap is $858.6 million.
Textura
Corporation is a provider of on-demand business
collaboration software to the commercial construction industry.
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