Winners & Losers

You cant analyze public company financials without looking at whos ahead of last year, and who is falling behind. And every year there are some pretty big swings in either direction, when it comes to revenue, employees and especially net income. While any of these
things can get turned around again in the coming year, lets see which companies had the most dramatic changes in 2015.

net income biggest losers

net income biggest winners

Learning Tree International Inc.
The Advisory Board Co.

-4,498.2%
-1,149.3

Q learning how to lose

Cvent Inc.

Arlington Asset Investment Corp. -995.2

Ouch! Learning Trees $12.6 million net loss came after

a modest profit was earned the prior year. The company
also had an 11 percent drop in revenue this year, which it
attributed in its annual report to having fewer customers
paying slightly less on average. Learning Tree reported
more losses in each of the first two quarters of 2016. In
the second-quarter results announcement, CEO Richard
Spires said, We recognize the imperative to improve
the financial performance of Learning Tree, with the
objective of returning the company to a growing and
profitable business while maintaining the quality of our
training and professional development services.

Easterly Government Properties Inc.

2,248.5%

STG Group Inc.

2,003.9

MicroStrategy Inc.
Computer Sciences Corp.

Engility Holdings Inc. -675.5

Liquidity Services Inc. -444.9
Easterly Government Properties Inc. -352.3
First Potomac Realty Trust -305.5
Vanda Pharmaceuticals Inc. -297.5
HC2 Holdings Inc. -202.3

TOTAL REVENUE
Biggest winners

Enviva LP

1,447.1

521.3

Versar Inc.

514.3

Cogent Communications Group Inc.

306.1
266.8

Spok Holdings Inc.

Centrus Energy Corp.

192.3

American Capital Agency Corp.

184.0

GTT Communications Inc.

workforce
Percentage
1,028.7%

Biggest losers

Percentage

Biggest winners

Percentage

Biggest loser

Percentage

TEGNA Inc.

-49.2%

Sucampo Pharmaceuticals Inc.

98.8%

NII Holdings Inc.

-70.7%

Intrexon Corp.

141.4

NII Holdings Inc.

-34.4

GTT Communications Inc.

94.6

TEGNA Inc.

-67.9

Vanda Pharmaceuticals Inc.

119.2

FBR & Co.

-23.6

Vanda Pharmaceuticals Inc.

84.4

Washington Real Estate Investment Trust

-42.6

MacroGenics Inc.

111.0

The Carlyle Group LP

-22.5

Enviva LP

68.3

RLJ Entertainment Inc.

-24.0

HC2 Holdings Inc.

104.7

Liquidity Services Inc.

-19.9

Federal Realty Investment Trust

60.2

MicroStrategy Inc.

-21.2

GTT Communications Inc.

78.1

Centrus Energy Corp.

-18.7

Intrexon Corp.

52.9

Graham Holdings Co.

-20.7

Enviva LP

57.6

Intersections Inc.

-17.4

Engility Holdings Inc.

48.5

Computer Sciences Corp.

-15.7

Engility Holdings Inc.

52.6

Rosetta Stone Inc.

-16.9

BroadSoft Inc.

43.8

Liquidity Services Inc.

-15.5

The Advisory Board Co.

47.9

The AES Corp.

-12.7

Argan Inc.

37.8

First Potomac Realty Trust

-14.7

Versar Inc.

45.0

ManTech International Corp.

-12.6

NeuStar Inc.

34.8

Centrus Energy Corp.

-12.0

12,404%

ARRIVALS & DEPARTURES Weve got new public companies joining the region this year, and were also saying goodbye to others.
New spinoffs
R CSRA Inc.

New IPOs
R GEF Acquisition Corp.

NYSE: CSRA
HQ: Falls Church
CEO: Larry Prior
What it does: Government
contracting
Spun off from: Computer Sciences
Corp. and SRA International Inc.
2015 revenue: $4,250,447,000
Date completed: Nov. 30, 2015

Nasdaq: GEFAU (pending)

HQ: Bethesda
CEO: Jeffrey Leonard
What it does: Green energy blank
check company
2015 revenue: N/A
IPO date: March 14, 2016
Amount raised: $100,000,000

R Gannett Co. Inc.

Nasdaq: RGNX
HQ: Rockville
CEO: Ken Mills
What it does: Bioscience
2015 revenue: $7,588,000
IPO date: Sept. 17, 2015
Amount raised: $122,000,000

NYSE: GCI
HQ: McLean
CEO: Robert Dickey
What it does: News and information
Spun off from: the old Gannett Co.,
which is now called Tegna Inc.
2015 revenue: $2,885,012,000
Date completed: June 29, 2015

R RegenxBio Inc.

R Orgenesis Inc.

R Capital Acquisition Corp. III

R Pepco Holdings Inc.

OTC: ORGS
HQ: Germantown
CEO: Vered Caplan
What it does: Regenerative medicine
2015 revenue: $2,974,000
IPO date: Dec. 16, 2015
Amount raised: $10,000,000

Nasdaq: CLACU
HQ: Washington
CEO: Mark Ein
What it does: Blank check company
2015 revenue: N/A
IPO date: Oct. 14, 2015
Amount raised: $300,000,000

2015 rank: 17
2014 revenue: $4.88 billion
Reason: This one is already gone
from our List, you may notice, after its
$6.8 billion merger with Exelon Corp.
closed this March.

R Senseonics Holdings Inc.

The departures
R Cvent Inc.

2016 rank: 50
2015 revenue: 671 million
Reason: American Capital is being
purchased by New York private equity
company Ares Capital Corp. for $3.43
billion this year.

NYSE: SENS
HQ: Germantown
CEO: Timothy Goodnow
What it does: Medical device for
diabetics
2015 revenue: $38,000
IPO date: March 23, 2016
Amount raised: $45,000,000

2016 rank: 83
2015 revenue: $187.72 million
Reason: Private equity firm Vista
Equity Partners is buying the company
for $1.65 billion in a deal expected to
close this year.

whos missing?

R American Capital Ltd.

R Opower Inc.
2016 rank: 91
2015 revenue: $148.69 million
Reason: The Arlington energy
software company is planning to get
bought by Oracle Corp. for $532
million in a deal announced this May
and expected to close quickly.

viva enviva!

Enviva is on fire! Which is

appropriate, since it sells
an alternative fuel from
wood pellets. Its revenue
is up by nearly 60 percent,
and its profit soared. The
company, which IPOd in
2015, had quite a boost
in product sales that year
866,000 metric tons,
to be precise. A major
factor for that was Envivas
January acquisition of a
new production plant in
Cottondale, Florida, which
also came with more sales
contracts.

This year, we published our highest-paid executives List earlier than usual, and as a result, we are missing some companies that normally file their annual proxy
reports later. Well update our List online as those reports get filed with the Securities and Exchange Commission this year. The missing executives include those
from Booz Allen Hamilton Inc. (which filed a proxy last year on June 18), Computer Sciences Corp. (filed last year on June 26), comScore Inc. (last year filed June 8;
also late with its annual report this year), Cvent Inc. (last year filed April 10, but is now in a merger deal) and ePlus Inc. (filed last year July 23).

-1,257,400%