Thanks to Don’t Tell the Donor we now know that Convio is going public. The EDGAR listing is here. Convio is looking to raise $86 million dollars with the IPO listing in what is arguably the best time to file for a tech IPO since 2000. Here are the juicy tidbits on Convio from the EDGAR Listing:
As of June 30, 2007, we had more than 1,200 active clients.
GetActive had more than 560 active clients as of February 16, 2007. Since completing the GetActive acquisition, these clients have continued using and we have supported the GetActive solution. As of June 30, 2007, we had retained substantially all of these GetActive clients.
Our revenue has increased from $9.0 million in 2004 to $21.5 million in 2006. For the six months ended June 30, 2007, our revenue was $19.0 million. For the year ended December 31, 2006 and the six months ended June 30, 3007, we had net losses of $5.0 million and $5.8 million, respectively.
No one client accounted for more than 5.0% of our total revenue in 2004, 2005 or 2006 or during the six months ended June 30, 2007. We derived 19.8% and 16.8% of our total revenue from our top 10 clients in 2006 and in the six months ended June 30, 2007, respectively.
The historical gross margin of GetActive was lower than our historical gross margin, so the integration of GetActive into our financials has negatively impacted our gross margin. GetActive’s gross margin was lower because GetActive had lower average revenue per client.
And the winners are:
Convio Employee # of shares % Held Gene Austin 1,724,546 4.7% James R. Offerdahl 665,000 1.8% Vinay K. Bhagat 1,435,187 3.9% David G. Hart 242,775 < 1% Randall N. Potts 324,221 < 1%
And this is why I love it when companies go public -- all the cards are on the table now. Congratulations to Gene, James, Vinay, David and Randall, the nonprofit sector's newest high net worth donors! (Just kidding but I've got a charity ball that I'd like you to attend, ok I'm really kidding)
Loading ...
