Kintera Reports First Quarter 2008 Financial Results

SAN DIEGO May 7, 2008 --"(PressReleasePoint)". Kintera,® Inc. (NASDAQ: KNTA), a leading provider of software as a service (SaaS) to the nonprofit and government sectors, today reported financial results for its first quarter ended March 31, 2008. Revenue for the first quarter 2008 was $8.9 million, compared to $10.7 million for the same period last year. On a GAAP basis, net loss for the quarter was $4.3 million, or $0.11 per diluted share, which is an improvement of 48 percent or $0.10 per diluted share, compared with a net loss of $8.3 million, or $0.21 per diluted share, for the same period last year. Earnings before interest, taxes, depreciation, amortization, stock-based compensation expense and restructuring charges (adjusted EBITDA) was a loss of $2.5 million, or $0.06 per share, in the first quarter of 2008, compared to a loss of $3.8 million, or $0.09 per share, in the first quarter of 2007. This is an improvement of approximately 33 percent or $0.03 per share year-over-year. “We believe our unified software as a service platform, which includes events, marketing, and donor management, will help fuel our growth, expand our existing relationships, and attract new organizations to Kintera,” said Richard N. LaBarbera, Kintera CEO. “We are excited about its potential and the value it brings to help nonprofit organizations better achieve their mission.”Operating expenses for the first quarter 2008 totaled $9.2 million. This is a decrease of 37 percent year over year, from $15 million in the first quarter 2007. Cash, cash equivalents and marketable securities at March 31, 2008 were $5.7 million. Deferred revenues were $15.7 million at March 31, 2008 compared with $15.5 million at Dec. 31, 2007.The company also announced a restructuring plan which includes a 14 percent reduction in resources targeting an excess of one million per quarter of savings by the third quarter. Our expected charge is $450,000.Earnings CallKintera will host a conference call on Wednesday, May 7, 2008 at 1:45 p.m. PDT to discuss the company's financial results. The conference call can be accessed by dialing toll-free 866.356.4123 (617.597.5393 for international calls), using conference code 72167212. A replay of the call will be available via the Internet at www.kintera.com/webcasts.KNTA-FAbout Kintera, Inc.Kintera®, Inc. (NASDAQ: KNTA) provides an integrated, on-demand open platform to help organizations quickly and easily reach more people, raise more money, and run more efficiently. The Kintera platform consists of a variety of products including Events, Advocacy, E-mail, Web Site Content Management, Donor Management, Constituent Relationship Management and Accounting. In addition, Kintera’s open technology, Kintera Connect™, enables clients and partners to integrate directly with Kintera technology, resulting in the availability of best of breed solutions through the Kintera Connect partner program. For more information about Kintera software and services, visit www.kintera.com.