K2 Design reported a loss of $327,855 on earnings of $1,665,398 for the first quarter ended March 31. The loss was slightly higher than first quarter 1996's $121,746, which K2 attributed to increased infrastructure expenses. K2 is an interactive marketing company based in New York. It said it has $3.1 million remaining in reserve from the $6.3 million it raised in an initial public offering last July.
Copyright May 1997, Crain Communications Inc.