Channel Technologies to lay off 198 employees in Santa Barbara
Channel Technologies, a Santa Barbara-area ceramic components maker that built products used in the Navy’s sonar equipment, will lay off 198 employees after the company filed for Chapter 11 bankruptcy protection Oct. 14. Filings with the California Employment Development Department said affected workers will be let go on Dec. 20. The company also has operations Read More →
MindBody revenues grew 35 percent in third quarter
MindBody continued on its path to profitability during the third quarter as revenues grew 35 percent. Revenues increased from $26 million during the same quarter of 2015 to $35.2 million in 2016. Net losses also decreased 39 percent from $9.62 million in 2015 to $5.89 million in 2016. Chief Financial Officer Brett White said on Read More →
Wave energy test center near Vandenberg Air Force Base vies for funds
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Channel Technologies files for bankruptcy protection
Channel Technologies, a Santa Barbara-area ceramic components maker that built products used in the Navy’s sonar gear for decades, has filed for bankruptcy protection amid losses on long-term contracts. The company was expected to lose $11.6 million this year on around $30 million in revenue as it struggled to meet the terms of contracts it Read More →
Patagonia partners with Fair Trade USA, debuts beer
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Semtech, Comcast team up on LoRa network
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Resonant hires new chief financial officer
Resonant, a late stage Goleta development company designing small smartphone technology, said Oct. 12 it named Jeff Killian its new chief financial officer. Killian previously served as the CFO of Oregon-based Cascade Microtech from April 2010 until June 2016,, when Cascade Microtech was acquired. Killian will receive a salary of $275,000 and a signing bonus Read More →
