Convio (CNVO)

Error creating thumbnail: convert: unable to open image `/home/wikinvest/src_live_1/mediawiki/images/c/ce/IPO.jpg': No such file or directory @ blob.c/OpenBlob/2480. convert: missing an image filename `/home/wikinvest/src_live_1/mediawiki/images/thumb/c/ce/IPO.jpg/40px-IPO.jpg' @ convert.c/ConvertImageCommand/2800.

This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs:   Globe Specialty Metals   •   LogMeIn   •   Invesco Mortgage Capital   •   Medidata   •   Chemspec

 

TOP CONTRIBUTORS

Caleb Li

Convio (CNVO) (NASDAQ:CNVO) provides software to over 1.300 nonprofit organizations. These include 29 of the top 50 largest charities ranked by Forbes in the article "The 200 Largest U.S. Charities." In 2009, Convio's clients used its software to raise over $920 million and deliver over 3.8 billion emails to over 154 million email addresses to accomplish the fundraising. Convio provides software for nonprofit organizations to use the internet and social media, enhancing their marketing. ^[1]

The nonprofit sector has over 973,000 public charities in the United States. Convio targets charities that raise over $50,000 annually, and in the United States there are over 71,000. ^[1]

The company's initial public offering of stock filed on the NASDAQ exchange on 1 January 2010. The proposed offer price range is $10.00-$12.00. The company is offering 5.1 million shares and raising $56.5 million. ^[1]

For FY2009 with year-ended 31 December 2009, the company reported $63.1 million in total revenue, up 10.7% from $57.0 million in total revenue for FY2008. Furthermore, the company had a net loss of $2.1 million in FY2009, an increase from a net loss of $3.7 million in FY2008. Its revenues are distributed by 87% in subscription and services and 13% in usage. Usage revenue is the seasonal revenue the company earns, such as walks, runs, special events where it uses Convio software. ^[1]

References

1. ↑ ^{1.0 1.1 1.2 1.3} Convio S-1/A