By Philip Joens / Friday, March 25th, 2016 / right, Technology / Comments Off on Launching IPOs in 2016 won’t be easy
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Inogen shares ended the day up 17 percent March 15 after the Goleta-based maker of direct-to-consumer respiratory products reported strong quarterly and annual earnings March 14. The company’s revenues increased about 40 percent during the fourth quarter and 2015 fiscal year because of strong business-to-business sales. In after-hours trading March 14, the stock shot up Read More →
Santa Barbara software developer QAD’s revenues and profits fell, the company reported in fourth quarter and fiscal year 2016 earnings results March 10. Fourth quarter revenues fell from $79.6 million in 2015’s fourth quarter to $69.3 million in 2016. Gross profits fell from $45.7 million to $38.4 million. QAD hit analyst revenue estimates of $69 Read More →
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Santa Barbara audio technology company Sonos, the fast-growing startup that is now a major downtown employer, has begun layoffs as it refocuses on voice controls. Sonos founder and CEO John MacFarlane made the announcement late March 9 in a blog post on the privately-held company’s website. The number of layoffs was not disclosed. “We are Read More →