Stellar Biotechnologies forming Paris-based company in joint venture
Stellar Biotechnologies will form a Paris-based company in a joint venture with Neovacs. The companies announced the partnership May 11. Neovacs, which is based in Paris, will own 70 percent of the new company, called Neostell. Stellar Biotechnologies will own 30 percent. Based in Port Hueneme, Stellar Biotechnologies makes a protein for immunotherapy treatments using Read More →
Resonant finally gets revenue but still had big second quarter operating loss
Resonant is no longer pre-revenue. The Goleta-based company, which is developing smartphone technology called duplexers it intends to license to manufacturers of smartphone technology, recorded revenues of $27,000 when it released second quarter earnings May 11. The company said the money came from two customers who made upfront payments on two upcoming projects. The company Read More →
Stellar Biotechnologies revenues nearly doubled in first quarter
Stellar Biotechnologies revenues nearly doubled but so did the company’s losses during the first quarter, the Port Hueneme biotech company reported May 9. Stellar Biotechnologies makes a protein for immunotherapy treatments using a unique sea snail only found off the coastal shores of a small part of California. The company’s revenues increased from $187,627 during Read More →
Goleta-based Inogen beats revenue estimates for first quarter
Goleta-based Inogen beat revenue estimates and the maker of direct-to-consumer respiratory products reported strong first quarter earnings results May 9. Inogen reported revenues of $43 million during the first quarter, up from $33.8 million in 2015 and beating analyst estimates of $41.75 million, according to S&P Capital IQ. The company had net income of $2.4 Read More →
AppFolio beats revenue estimates but misses on loss per share
AppFolio beat revenue estimates but slightly missed net-loss-per-share estimates when it reported first quarter earnings results May 9. AppFolio, a Goleta-based developer of property management software for small-to-medium sized property managers, posted revenues of $23.2 million during the first quarter, up from $15.8 million in 2015 and slightly trumping analysts’ estimates of $22.23 million, according Read More →
Frosts pledge $20 million for Cal Poly San Luis Obispo research center
Cal Poly San Luis Obispo has received a pledge of $20 million from alumnus William L. Frost and his wife, Linda, toward construction of a planned multidisciplinary undergraduate research and technology center on campus. The Frosts have pledged the gift in support of Cal Poly’s comprehensive polytechnic education and in hopes of attracting additional donations Read More →
Lowe’s, HomeGoods coming to Santa Maria
A new retail project will bring Lowe’s and HomeGoods to Santa Maria and re-establish the city as a regional retail hub. That was the message City Manager Rick Hayden brought to the UCSB North County Economic Summit on May 6. He said that Betteravia Plaza will host a relocated Costco and other shops. The Read More →
