Simi Valley’s AeroVironment buys German robotics firm for $45M
Banking & Finance, Earnings, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public CompaniesAeroVironment, an aerial drone company based in Simi Valley, reached an agreement Dec. 8 to acquire Telerob, a German robotics company, in a deal worth approximately $45.4 million in cash. AeroVironment also released its second quarter 2021 earnings on Dec. 8, revealing an increase in revenue, but a 71% drop in earnings from the previous Read More →
MannKind makes $12.5M pharma buy
Banking & Finance, East Ventura County, Health Care & Life Science, Latest news, Technology, Tri-County Economy, Tri-County Public CompaniesMannKind Corp., a biotech company based in Westlake Village, announced Dec. 7 that it has acquired a QrumPharma, a privately held biotech company, in a $12.5 million deal. MannKind has purchased all outstanding capital stock of QrumPharma for $3.5 million in cash and just over 3 million shares of MannKind common stock. At MannKind’s stock Read More →
UV light startup helps restaurants go antiviral
Health Care & Life Science, Latest news, Restaurants, Small Business, Subscriber content, TechnologyAs a result of the COVID-19 pandemic, owners of all sorts of businesses are looking at an option for disinfecting surfaces that has long been dismissed as too expensive to use outside of hospitals: UV-C technology.
Semtech reaches record highs after earnings beat
Banking & Finance, Earnings, Latest news, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura CountySemtech, a Camarillo semiconductor company specializing in Internet of Things applications, announced earnings on Dec. 2 that beat both the previous quarter and analysts’ estimates. Shares of Semtech were trading at just under $70 my midday on Dec. 3, the highest stock price in the company’s history. The company’s shares are up 23% in the Read More →
Well Health closes $45M venture round
Health Care & Life Science, leftWell Health, a Santa Barbara-based telehealth software firm—and one of the fastest-growing companies in the region—recently closed a $45 million funding round.
QAD reports slight revenue dip, big earnings jump
Banking & Finance, Earnings, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public CompaniesProfits at Santa Barbara-based software firm QAD hit $3.2 million in the third quarter of 2020, up from $125,000 in the same quarter of 2019, the company announced Nov. 24. QAD had earnings of 16 cents per share, up from just 1 cent per share a year earlier. “We made significant progress toward our long-term Read More →
Sonos earns $18.4M in 3rd quarter, but still shows a loss for the year
middle, TechnologySanta Barbara’s smart speaker darling Sonos has strong quarter
