Transphorm reports net loss, revenue dip
Goleta based Transphorm suffered a net loss in the fourth quarter of 2020 but more than quadrupled its assets over the past year as it continued to make its name in the semiconductor industry. Transphorm, a supplier of gallium nitride power conversion products, generated revenue of $2 million in the fourth quarter of 2020, the Read More →
AppFolio looks ahead after loss in fourth quarter
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As it plans IPO, Procore reports growing revenue, growing losses
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Amgen to buy cancer treatment biotech firm for $1.9B
Thousand Oaks-based Amgen, one of the biggest biotech companies in the world, will get bigger with the $1.9 billion acquisition of Five Prime Therapeutics, a clinical-stage biotech company developing stomach cancer therapies. Amgen announced the acquisition March 4 and the deal is expected to close by the end of the second quarter of 2021. Under Read More →
Procore IPO back on track with new SEC filing
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SEC alleges pump-and-dump fraud at Airborne Wireless in Simi Valley
The U.S. Securities and Exchange Commission filed suit on March 2 against Simi Valley-based Airborne Wireless Network and seven of its shareholders and executives, accusing them of orchestrating a $45 million pump-and-dump stock fraud scheme. The lawsuit was filed in federal court in New York. The defendants are Kalistratos Kabilafkas, Timoleon Kabilafkas, Panagiotis Bolovis, Eric Read More →
AppFolio posts loss in fourth quarter
AppFolio, a Goleta-based property management software company, failed to meet analysts’ expectations with a net loss in the fourth quarter of 2020. Analysts tracked by Zacks Equity Research had predicted earnings per share of 13 cents, similar to AppFolio’s performance in the fourth quarter of 2019. Instead, the company suffered a net loss of $513,000 Read More →
