Kintera, a San Diego-based provider of software to nonprofits and government, said its net revenue for the second quarter ended June 30 grew to a record-high $12.8 million, up from $10.4 million in the same period a year earlier.
That increase helped Kintera reduce its net loss for the quarter to $7 million, or 20 cents a share, from $10.1 million, or 33 cents a share, a year earlier.
The accumulated deficit for the company, which began generating revenue in 2001 and has posted operating and net losses in every quarter since its inception, grew to $111.3 million in the second quarter, up from nearly $95 million a year earlier.
Kintera said it had focused on marketing its Kintera Sphere technology platform that includes a recently launched system for managing social-constituent relationships.
The fixed value of new contracts Kintera signed in the second quarter totaled roughly $10.1 million, the company said.