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Kintera Grows Revenue, Shaves Loss

Kintera Inc., which specializes in software for the nonprofit sector, announced first-quarter revenue of $10.7 million May 10, up from $9.9 million for the same period last year.

Net loss for the quarter was $8.3 million, or 21 cents per diluted share. The company narrowed its loss from $9.9 million, or 29 cents per diluted share, for the same period in 2006.

Excluding costs related to a restructuring , which the company estimates will total $2.4 million , net loss was $5.8 million, or 15 cents per diluted share.

Kintera is traded on the Nasdaq as KNTA and closed May 10 at $1.60 per share, gaining a penny from the previous close. It reported its financial results after the market closed.

By midday May 11, shares in Kintera had gained 7 percent, trading at $1.71.

, Andy Killion

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