Textura (NYSE: TXTR) to report financial results on May 7th after market closes - updated comments on Textura

Simply my opinion, but I think it’s kind of ballsy to pay yourself a ton of money when your company is losing money hand over fist.

I’m speaking about Chairman & CEO Patrick Allin of Textura (NYSE: TXTR)

Check out the document I’ve posted at this link:

https://drive.google.com/file/d/0B81al4kFAU9JdGptbVIzSHkwTUU/edit?usp=sharing

Disregarding the option award compensation, Mr. Allin paid himself over $1.3 mil in cash in the fiscal year that ended 9/30/13.  That amount included an $853,000 cash bonus.  A bonus … for what?!!!

For the fiscal year ended 9/30/13, TXTR generated revenues of $35.53 million and a bottom line loss of $48.25 million.  (These figures come from Google Finance, TXTR, income statement, annual data.)

The last time I mentioned TXTR was on April 4^th.  Immediately below is a link to that previous post.

http://reprographics.blogspot.com/2014/04/is-textura-corp-nyse-txtr-still-on.html

Back on April 4^th, TXTR closed at $22.31. 

After falling to as low as $17.36 on April 29^th, TXTR, this afternoon, is “back up to” $18.20 (at 2:23 pm).

TXTR will be reporting its Q2 fiscal 2014 results next week on May 7^th.

Today, a quick check on MarketWatch.com reveals that:

-       the only 5 analysts reporting estimates on TXTR on MarketWatch all continue to rate TXTR a “buy”. (Note: 5 analysts are reporting to Yahoo Finance on TXTR; 3 are at “strong buy” and 2 are at “buy”)

-       analysts are expecting TXTR to report a loss of $.21 per share (at 24.81 mil shares outstanding, that equates to a loss of around $5.21 mil for the quarter ended 3/31/14.  According to the numbers published on Google Finance, TXTR’s loss for the quarter ended 3/30/13 was $5.45 mil)

Today, a quick check on Yahoo Finance reveals that:

-       the only 5 analysts reporting estimates on TXTR on Yahoo Finance all continue to rate TXTR a “buy”. (Note: 3 are at “strong buy” and 2 are at “buy”)

-       analysts are expecting TXTR to report revenues of $13.92 mil for the quarter ended 3/31/14. (TXTR’s revenues for the quarter ended 3/31/13 were $8.55 mil)

If you believe what the analysts say about TXTR, TXTR shares, at this point in time, are astronomically undervalued!!!!!

Or, if you believe there’s truth to what Citron Research said about TXTR, TXTR shares are still way above where they should be.

In any event, Mr. Allin should take a bow for taking $1.3 mil in cash compensation last year; great feat!  Analysts are estimating that TXTR will lose $.59 per share this current fiscal year (year end 9/30/14), which equates to a loss of approximately $14.64 mil.  For reducing the annual loss to only $14.64 – from last year’s $48.25 mil loss – I shudder to think how much more of a bonus Mr. Allin will pay himself in the current fiscal year!