Soraa’s Sky bulb wins LED lamp innovation award
Soraa’s Sky bulb won the top award for innovation in the LED lamp category at the Lightfair International 2017 in Philadelphia on May 10. The Sky bulb, previously called Helia, automatically adjusts color according to the body’s natural circadian rhythms, the Santa Barbara company said in a news release, using blue light in the morning Read More →
Resonant’s revenue up but net losses grow
Goleta-based Resonant quadrupled its first quarter revenue compared to the first quarter of 2016, but net losses increased 58 percent to $4.9 million or 37 cents per share. The mobile device filter designer reported $156,000 in revenues, up from $27,000 for the same period last year, but operating expenses grew from $3.1 million to nearly Read More →
Stellar Biotechnologies reports $1.1 million loss for quarter
Stellar Biotechnologies, based in Port Hueneme, reported drops in both revenues and expenses for the quarter ended March 31. Revenues decreased 81 percent from $330,000 during the same quarter the previous year to $60,000 for the most recent quarter. The immunotherapy developer and manufacturer attributed the decrease to lower sales volume for pre-clinical studies, compared Read More →
Inogen’s profits just keep on growing
Goleta-based Inogen, an oxygen concentrator company, reported a $5.9 million profit for the first quarter of 2017, up from $2.5 million in the first quarter of 2016, according to an earnings report May 9. The company reported $52.5 million in revenue, up 22.1 percent from the same period in 2016. Sales revenue was at $46 Read More →
Sientra narrows losses in first quarter report
Goleta-based breast implant company Sientra continued to cut its losses, losing $11.4 million in the first quarter of 2017, down from $11.9 million for the same period the year prior. “I am pleased with our first quarter performance, which was in line or above our expectations,” said Jeffrey Nugent, chairman and CEO. “In the first Read More →
Economists: Housing, manufacturing and robotics will shape tri-county’s future
A lack of new housing supply, the loss of manufacturing jobs and the rise of robotics are all major economic factors that will have widespread impacts on the region, state and nation over the next several years. That’s according to some of the region’s and nation’s most prominent economists, who convened May 9 for the Read More →
Boost in revenues helps AppFolio turn first quarter profit
Updated at 3:45 p.m. May 8: Goleta-based software company AppFolio announced first quarter profits of $660,000, or 2 cents per share, after a 38 percent increase in revenues over 2016. Net income edged into the positive, compared to a $3.6 million loss for the same period last year and fourth quarter losses of $1.3 million. Read More →
