Kintera pares loss, boosts revenue

Kintera, a San Diego company that provides software as a services to nonprofits and government, reported a net loss of $2.8 million, or 7 cents a share, for the second quarter ended June 20, down from $8.4 million, or 23 cents a share, for the same period a year earlier.

Kintera said its revenue grew to $12.8 million for the quarter from $11.4 million a year earlier.

The company also said it reduced operating expenses for the quarter to $12.6 million from $16.5 million a year earlier, and had taken steps to strengthen its operations.

Kintera, which was incorporated in February 2000, said it had experienced significant net losses and negative cash flows from operations in each fiscal period since its inception, and that its accumulated deficit grew in the second quarter to $139.2 million.

The company said it was opening its platform to let developers and partners integrate directly with its technology; would active a data center this summer to house more power processors and allow for future expansion, redundancy and scalability; was moving to improve the speed and reliability of its platform; and had adjusted its support and billing structures to better meet clients’ demands; and had eliminated  most usage overages and all support overages, and was offering free online training for clients.

“Kintera has made improvements in its business fundamentals and is continuing to focus on delivering value and service to nonprofits while creating momentum that will help the company reach its potential,” Richard N. LaBarbera, Kitnera’s CEO, says in a statement.

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