AeroVironment drones tested, destroyed by Navy
AeroVironment, a Monrovia-based company with major operations in Simi Valley, had several small drones tested and destroyed by the U.S. Navy in a recent test. AeroVironment made the announcement in a news release Aug. 11. On Aug. 3, the Navy used AeroVironment’s RQ-20B Puma in a test on the small destroyer USS Monsoon in the Read More →
Stellar Biotechnologies revenues up but losses grow
Stellar Biotechnologies’ revenues increased slightly during the third quarter of 2016 but losses widened as the company signed a new partnership with a French company and held an offering for institutional investors, the company said in a quarterly earnings report Aug. 8. Stellar revenues increased slightly from $157,748 during the third quarter of 2015 to Read More →
AppFolio second quarter revenues up, net loss down
AppFolio raised its financial outlook for the year as revenues increased sharply and losses narrowed in the second quarter, the company said Aug. 8. AppFolio, a Goleta-based developer of property management software for small- to medium-sized property managers, raised full-year financial-guidance estimates to a range between $103 million and $105 million Aug. 8. Previous estimates Read More →
Inphi’s second quarter revenues soar
Inphi saw revenues rise during the second quarter as it sold off its memory products business. On June 30, Inphi announced it would sell its memory products business to Sunnyvale-based Rambus. Inphi said revenues rose from $49.4 million in 2015 to $60.5 million during the second quarter of 2016 when revenues from the memory business Read More →
Santa Barbara’s Aurrion acquired for $165 million
Sunnyvale-based Juniper Networks announced Aug. 4 in a quarterly filing with the Securities and Exchange Commission it acquired Santa Barbara-based silicon photonic chip maker Aurrion for $165 million. Aurrion makes components that transmit information quickly using cheap, easily mass-produced silicon wafers. UC Santa Barbara professor John Bowers founded Aurrion in 2008 and the company quickly Read More →
Abbvie sues Amgen to block sales of Humira biosimilar
Thousand Oaks-based biotech giant Amgen faces a lawsuit seeking to block it from selling a biosimilar of AbbVie’s popular Humira. The rheumatoid arthritis medicine is Abbvie’s best seller. Sales were up 17 percent in the second quarter to $4.15 billion and accounted for 61 percent of AbbVie’s 2015 revenue. Abbvie claims Amgen’s proposed copy would Read More →
UCSB’s John Bowers wins 2017 Photonics Award
UC Santa Barbara electrical and computer engineering professor John Bowers was awarded the 2017 Photonics Award from the Institute of Electrical and Electronics Engineers on Aug. 3. Bowers, who has been at UCSB since 1987, helps lead UCSB’s institute for energy efficiency, which is known for making significant scientific breakthroughs. The award recognizes his “pioneering Read More →
