Trimble did not provide results for Dexter+Chaney, purchased by Viewpoint in August 2017, but it was noted 80 employees were laid off because of that deal. Subscriptions income was the largest source of revenue, hitting $31.4 million in the most recently reported quarter, an increase of 24.2 percent from $25.2 million a year earlier. The net loss reached $7.1 million, up sharply from a loss $720,000 as interest expense rose to slightly more than $6 million from $1 million. Viewpoint had been owned by Bain Capital and the balance sheet seems to show the impact of Bain’s ownership. There was $291.7 million in long-term debt on March 31, largely from a term loan which stood at $303 million on that date. Results for the year ended December 2017 were reported, but not numbers from 2016. Revenue for 2017 was $155.2 million, divided into the following categories: License, $17.8 million; Professional Services, $27 million; and recurring and other $110.4 million. Viewpoint had a pre-tax loss of $21.2 million but recognized a $24.6-million tax benefit. That left net income of $2.8 million, which was reduced by $703,000 in net currency losses.
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VIEWPOINT 1Q REVS UP 21.4 PERCENT Featured
Construction software company Viewpoint had revenue of $43.4 million for the first quarter ended March 31, an increase of 21.4 percent from $35.7 million a year earlier. The numbers were filed last month with the SEC by Trimble, which acquired Viewpoint in April.
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