Beck Technology and Eos Group Announce Strategic Partnership to Advance Enterprise-Level Preconstruction Innovation
DALLAS--(BUSINESS WIRE)-- Beck Technology, creator of DESTINI ® Estimator, and Eos Group, a leading preconstruction systems integrator, are proud to announce a strategic partnership that brings unprecedented integration, intelligence, and innovation to preconstruction teams across the architecture, engineering, and construction (AEC) industry.
This partnership allows customers to unlock the full value of their historical cost data. By integrating DESTINI Estimator with Eos Group's Cortex analytics and benchmarking capabilities, preconstruction teams can make faster, more informed decisions.
This collaboration unites Beck Technology's powerful estimating platform with Eos Group's 30-plus years of experience in enterprise preconstruction solutions—delivering database development, custom reporting and dashboards, custom integrations, and data analytics to some of the top firms in the industry. Together, the two companies are streamlining the way data is managed and leveraged throughout the preconstruction lifecycle.
'This partnership allows us to help our customers unlock the full value of their historical cost data,' said Stewart Carroll, Chief Customer Officer at Beck Technology. 'By integrating DESTINI Estimator with Eos Group's Cortex analytics and benchmarking capabilities, preconstruction teams will be able to make faster, more informed decisions.'
Key Benefits of the Partnership:
Smarter Estimating. Preconstruction professionals can now capture DESTINI Estimator cost data in Eos Cortex, providing users with immediate benchmarking insights resulting in more accurate and defensible estimates.
Seamless Data Integration. Align past project performance with current estimates to streamline workflows and reduce risk across the estimating process.
Enterprise-Level Intelligence. Unlock advanced capabilities in cost modeling, knowledge management, and analytics to support more strategic planning and execution at scale.
'We're excited to align with Beck Technology to elevate the preconstruction experience,' said Nick Papadopoulos, CEO at Eos Group. 'Together, we're enabling clients to turn data into strategic assets that drive better project outcomes.'
With this partnership, Beck Technology and Eos Group reaffirm their shared commitment to transforming preconstruction into a more collaborative, data-driven, and value-focused discipline.
For more information, visit beck-technology.com/partners/eosgroup.
About Beck Technology
Beck Technology empowers preconstruction teams with DESTINI Estimator, the leading estimating platform designed to foster collaboration, improve accuracy, and help teams win more work. Beck Technology is committed to building the future of preconstruction through innovation and industry partnership.
About Eos Group
Eos Group delivers enterprise cost intelligence to the AEC/O industry as a premier systems integrator. Serving over 80% of ENR's Top 400 contractors, Eos transforms data into strategic assets through integrated benchmarking, estimating, and analytics solutions.
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The Company believes that these non-GAAP financial measures and non-GAAP ratios provide management, as well as readers of the Company's financial statements, with a consistent basis for comparison across accounting periods and are useful in helping management and readers understand the Company's operating results and underlying operational trends. Readers are cautioned that adjusted gross margin, adjusted gross margin percentage, adjusted operating expense, adjusted corporate operating costs, adjusted corporate operating costs excluding amortization, adjusted net income (loss), adjusted earnings (loss) per share, adjusted research and development expense, adjusted sales and marketing expense, adjusted general and administrative expense, adjusted amortization expense, adjusted operating income (loss), adjusted EBITDA, adjusted segment EBITDA, adjusted operating income (loss) margin percentage, adjusted EBITDA margin percentage and free cash flow (usage) and similar measures do not have any standardized meaning prescribed by U.S. GAAP and are therefore unlikely to be comparable to similarly titled measures reported by other companies. Reconciliation of non-GAAP based measures with most directly comparable U.S. GAAP based measures for the three months ended May 31, 2025 and May 31, 2024 A reconciliation of the most directly comparable U.S. GAAP financial measures for the three months ended May 31, 2025 and May 31, 2024 to adjusted financial measures is reflected in the table below: For the Three Months Ended (in millions) May 31, 2025 May 31, 2024 Gross margin $ 90.3 $ 90.0 Stock compensation expense 0.5 0.7 Adjusted gross margin $ 90.8 $ 90.7 Gross margin % 74.2 % 72.9 % Stock compensation expense 0.4 % 0.6 % Adjusted gross margin % 74.6 % 73.5 % Reconciliation of U.S. GAAP operating expense for the three months ended May 31, 2025, and May 31, 2024 to adjusted operating expense is reflected in the table below: For the Three Months Ended (in millions) May 31, 2025 May 31, 2024 Operating expense $ 88.3 $ 102.9 Restructuring charges 2.9 7.3 Stock compensation expense 5.2 5.5 Acquired intangibles amortization 1.7 1.8 LLA impairment charge 0.1 3.5 Adjusted operating expense $ 78.4 $ 84.8 Reconciliation of U.S. GAAP corporate operating costs for the three months ended May 31, 2025 and May 31, 2024 to adjusted corporate operating costs excluding amortization is reflected in the table below: For the Three Months Ended (in millions) May 31, 2025 May 31, 2024 Corporate operating costs $ 14.9 $ 25.4 Restructuring charges 2.9 7.3 Stock compensation expense 1.9 1.3 LLA impairment charge - 3.5 Adjusted corporate operating costs 10.1 13.3 Amortization 0.4 0.9 Adjusted corporate operating costs excluding amortization $ 9.7 $ 12.4 Reconciliation of U.S. GAAP net income (loss) and U.S. GAAP basic earnings (loss) per share for the three months ended May 31, 2025 and May 31, 2024 to adjusted net income (loss) and adjusted basic earnings (loss) per share is reflected in the table below: For the Three Months Ended (in millions, except per share amounts) May 31, 2025 May 31, 2024Basic earnings per shareBasic loss per share Net income (loss) $ 1.9 $ 0.00 $ (41.4 ) $ (0.07 ) Restructuring charges 2.9 7.3 Stock compensation expense 5.7 7.7 Acquired intangibles amortization 1.7 8.6 LLA impairment charge 0.1 3.5 Adjusted net income (loss) $ 12.3 $ 0.02 $ (14.3 ) $ (0.02 ) Reconciliation of U.S. GAAP research and development, sales and marketing, general and administrative, and amortization expense for the three months ended May 31, 2025 and May 31, 2024 to adjusted research and development, sales and marketing, general and administrative, and amortization expense is reflected in the table below: For the Three Months Ended (in millions) May 31, 2025 May 31, 2024 Research and development $ 25.0 $ 30.6 Stock compensation expense 1.3 1.8 Adjusted research and development expense $ 23.7 $ 28.8 Sales and marketing $ 28.7 $ 23.8 Stock compensation expense 1.4 0.8 Adjusted sales and marketing expense $ 27.3 $ 23.0 General and administrative $ 30.5 $ 40.3 Restructuring charges 2.9 7.3 Stock compensation expense 2.5 2.9 Adjusted general and administrative expense $ 25.1 $ 30.1 Amortization $ 4.0 $ 4.7 Acquired intangibles amortization 1.7 1.8 Adjusted amortization expense $ 2.3 $ 2.9 Adjusted operating income, adjusted EBITDA, adjusted operating income margin percentage and adjusted EBITDA margin percentage for the three months ended May 31, 2025 and May 31, 2024 are reflected in the table below. For the Three Months Ended (in millions) May 31, 2025 May 31, 2024 Operating income (loss) $ 2.0 $ (12.9 ) Non-GAAP adjustments to operating income (loss) Restructuring charges 2.9 7.3 Stock compensation expense 5.7 6.2 Acquired intangibles amortization 1.7 1.8 LLA impairment charge 0.1 3.5 Total non-GAAP adjustments to operating income (loss) 10.4 18.8 Adjusted operating income 12.4 5.9 Amortization 5.7 6.4 Acquired intangibles amortization (1.7 ) (1.8 ) Adjusted EBITDA $ 16.4 $ 10.5 Revenue $ 121.7 $ 123.4 Adjusted operating income margin % (1) 10.2 % 4.8 % Adjusted EBITDA margin % (2) 13.5 % 8.5 % (1) Adjusted operating income margin % is calculated by dividing adjusted operating income by revenue.(2) Adjusted EBITDA margin % is calculated by dividing adjusted EBITDA by revenue. The Company uses free cash flow (usage) when assessing its sources of liquidity, capital resources, and quality of earnings. The Company believes that free cash flow (usage) is helpful in understanding the Company's capital requirements and provides an additional means to reflect the cash flow trends in the Company's business. Reconciliation of U.S. GAAP net cash used in operating activities for the three months ended May 31, 2025 and May 31, 2024 to free cash flow (usage) is reflected in the table below: For the Three Months Ended (in millions) May 31, 2025 May 31, 2024 Net cash used in operating activities $ (18.0 ) $ (15.1 ) Acquisition of property, plant and equipment (0.9 ) (1.4 ) Free cash usage $ (18.9 ) $ (16.5 ) Key Metrics The Company regularly monitors a number of financial and operating metrics, including the following key metrics, in order to measure the Company's current performance and estimated future performance. Readers are cautioned that Secure Communications annual recurring revenue ("ARR") and Secure Communications dollar-based net retention rate ("DBNRR") do not have any standardized meaning and are unlikely to be comparable to similarly titled measures reported by other companies. For the Three Months Ended (in millions) May 31, 2025 Secure Communications Annual Recurring Revenue $ 209 Secure Communications Dollar-Based Net Retention Rate 92 % SOURCE: BlackBerry View the original press release on ACCESS Newswire
