Xero has pared its half year loss and more than doubled its paying customers.
The online accounting software firm lost $3.7 million in the six months to the end of September, compared with $4.7 million in the same period last year.
Revenue more than doubled to $7.9 million and the company doubled its customer numbers to more than 51,000.
Xero chief executive Rod Drury says more than 40% of the company's revenue now comes from offshore and he expects that to grow as the brand becomes established in large overseas markets.
He says the company is seeing "really good growth" in Australia and the UK and has just started entering the "huge" US market.
Xero had intended to break even this year but changed its focus to pursuing further growth, including the potentially lucrative US market.