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.