MindBody expects to raise $120 million with stock offering
San Luis Obispo-based MindBody announced a follow-on stock offering May 22 that would raise around $120 million for the company. The wellness-oriented software company plans to offer 4.4 million shares of Class A common stock, with options for underwriters to purchase an additional 660,000 shares. MindBody’s share price fell 5 cents following the announcement, ending Read More →
Santa Maria becoming hub for companies with jobs to offer
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MindBody revenue soars but net loss continues
San Luis Obispo-based MindBody reported $42.2 million in first quarter revenue, a 32 percent increase from a year ago during the same period, but the company still reported a net loss. The GAAP net loss in the first quarter of 2017 was $3.9 million, down from $6.6 million during the first quarter of 2016. The Read More →
Google, Lymber deals paying off for San Luis Obispo’s MindBody
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MindBody acquires dynamic pricing technology company
Business management software company MindBody, based in San Luis Obispo, announced March 29 that it had acquired early-stage Southern California yield management company Lymber Wellness. Lymber uses MindBody’s application program interface platform to support adjustable pricing strategies for wellness-based businesses. The technology changes the prices for classes and appointments based on availability, similar to dynamic Read More →
San Luis Obispo’s MindBody closes in on profitability
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MindBody revenues grow, net loss narrows
Revenues for San Luis Obispo cloud-based business management software company MindBody grew 35 percent in the fourth quarter of 2016, narrowing its net loss for the year to $23 million, or 58 cents per share. Net losses for the quarter were $1.6 million, or 4 cents per share, down from $6.5 million for the same Read More →
