Convio Posts Record Annual Revenue, Positive Cash Flow and Profitability
Clients Raise Record $777 million online in 2008; Reach and Inspire Billions of People Through Creative, Engaging Campaigns, Websites and Integrated Marketing Programs
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Austin, Texas (February 5, 2009) — Convio, Inc. – the leading provider of on-demand constituent relationship management software and services to nonprofit organizations – today announced record annual revenue of $57.0 million for the year ended December 31, 2008, representing a 32 percent increase over 2007. Generating $2.9 million in operating cash flow for the year, and $1.2 million for the fourth quarter, Convio has now produced positive cash flow from operations in five of the last six quarters. In addition, Convio achieved profitability on a non-GAAP basis for both the fourth quarter and for fiscal year 2008.
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