Friday 27 May 2011

In Front Of Its IPO, Kayak Reports Growth In Revenue But Income Down

Late last year, travel search engine Kayak filed for an IPO, aiming to raise $50 million. The company just released a new version of its S-1 today, with updated financials. The company will list its stock on the NASDAQ under the symbol ?KYAK.? For the three months ending March 31 of this year, Kayak generated $53 million in revenue, which is up 43 percent from the same period in 2010. Net income for the quarter came in at $8.2 million representing 266 percent growth from the same period last year.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/PPhfGbSlQbE/

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