Kayak turned a year-ago loss into a nearly $4.1 million profit during the first quarter of 2012 and saw downloads of its mobile apps soar 43%.
In the latest update today to its IPO-related S-1/A statement, Kayak reported first quarter net income of some $4.1 million compared with a $6.9 million net loss in the first quarter of 2011.
Operating income in the first quarter was $8.1 million compared with an operating loss of $12 million during the same period in 2011.
Read full story at: http://www.tnooz.com/2012/05/08/news/kayak-mobile-download-momentum-and-profits/
