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 →
Proposal to close Diablo Canyon submitted to California Public Utilities Commission
Parties that drafted the joint proposal to close the Diablo Canyon Power Plant formally submitted it to the California Public Utilities Commission on Aug. 11. On June 21, Pacific Gas & Electric announced plans to close the aging nuclear power plant near Avila Beach by the end of 2025 and replace power produced by the Read More →
Companies Pitch at GEM Demo Day
Six companies presented to investors, colleagues and friends Aug. 9 as the Goleta Entrepreneurial Magnet held a demo day for for regional companies. The Goleta Entrepreneurial Magnet held the event for six teams that finished its seven week G2 Summer Accelerator at the Bacara Resort & Spa Aug.n9 Among the teams that presented was Vibe; 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 →
Goleta’s Sientra lines up new manufacturer for breast implants
Eleven months after manufacturing of its silicone breast implants stopped because it’s Brazilian factory was alleged to have unsafe manufacturing conditions, Sientra announced an agreement with a domestic manufacturer to make its implants Aug. 9. Sientra will use Vesta, a unit of Ohio-based tech conglomerate Lubrizol LifeSciences, which is owned by Berkshire Hathaway. CEO Jeffrey 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 →
