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 →
PennyMac Financial misses Wall Street estimates
Moorpark-based PennyMac Financial Services reported a $26.5 million profit on revenue of $143.4 million for the first quarter of 2016, missing Wall Street expectations on earnings per share and revenue. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of America, reported earnings of 23 cents Read More →
Breast implant maker Sientra loses $11.9 million in first quarter
Sientra, the Goleta-based breast implant company which resumed sales in March after suspending them last fall, posted a loss of $11.9 million for the first quarter. With its core products back on the market after a months long hiatus, the company said it hopes that resumption of marketing efforts will help it resume its prior Read More →
Teledyne Technologies reports lower first quarter sales
Teledyne Technologies, based in Thousand Oaks, announced a drop in first quarter sales compared to the same period last year. In a May 5 statement, the company said first quarter sales fell from $565 million in 2015 to $530.5 million in 2016. Net income fell from $43.7 million, or $1.20 per diluted share, to $38.4 Read More →
