Simi Valley’s AeroVironment buys German robotics firm for $45M
AeroVironment, an aerial drone company based in Simi Valley, reached an agreement Dec. 8 to acquire Telerob, a German robotics company, in a deal worth approximately $45.4 million in cash. AeroVironment also released its second quarter 2021 earnings on Dec. 8, revealing an increase in revenue, but a 71% drop in earnings from the previous Read More →
Semtech reaches record highs after earnings beat
Semtech, a Camarillo semiconductor company specializing in Internet of Things applications, announced earnings on Dec. 2 that beat both the previous quarter and analysts’ estimates. Shares of Semtech were trading at just under $70 my midday on Dec. 3, the highest stock price in the company’s history. The company’s shares are up 23% in the Read More →
QAD reports slight revenue dip, big earnings jump
Profits at Santa Barbara-based software firm QAD hit $3.2 million in the third quarter of 2020, up from $125,000 in the same quarter of 2019, the company announced Nov. 24. QAD had earnings of 16 cents per share, up from just 1 cent per share a year earlier. “We made significant progress toward our long-term Read More →
Salem Media back in black after cost-cutting
Salem Media Group, a Camarillo-based owner of conservative radio stations and other media properties, had net income of 1 cent per share in the third quarter, digging the company out of the hole it was at the same time in 2019. In the third quarter of 2019, Salem posted a $20.0 million net loss, which Read More →
Resonant reports growing revenue, shrinking losses
Resonant, a Goleta-based cellular technology company, reported its third quarter earnings on Nov. 10 with a net loss of $6.1 million, or 11 cents per share. That was an improvement upon the same quarter a year ago, where Resonant had a net loss of $7.4 million, or 26 cents per share. Revenue in the third Read More →
Sientra shares up on news of earnings, new CEO
Goleta-based medical and surgical device company Sientra saw total net sales drop in the third quarter and a net loss of $5.8 million, or 12 cents per share, though the company said its financial performance improved in key areas. The company released its quarterly report on Nov. 9, the same day it named a new Read More →
AppFolio earnings up as sale of MyCase unit closes
AppFolio, the Goleta-based property management software company, beat analysts’ expectations on Nov. 9 with earnings of $3.86 per share for the third quarter of 2020, driven mainly by a sale of one of its business units. Quarterly earnings were much higher than the same quarter last year, when the company earned 14 cents per share. Read More →
