Inogen raises 2014 guidance after beating on Q2 profits
Shares of Goleta-based Inogen climbed 4.3 percent in after-hours trading on Tuesday as the medical-device maker reported better-than-expected second-quarter revenue and profit. The company, which went public earlier this year, makes portable at-home oxygen concentrators. Its second-quarter revenue soared 50.8 percent to $30.4 million, beating the Capital IQ Consensus Estimate by $6.5 million. Product sales Read More →
Startup Weekend, en Español: Entrepreneurs pitch in Santa Maria
A design for a face-mask to protect farm laborers from dust, pesticides and sun damage took home the top spot at the first Spanish Startup Weekend in the U.S. The event, held the weekend of Aug. 1-3 in Santa Maria, gathered four teams who spent 54 hours working on prototypes and presentations for their Read More →
A heartbeat away: Advances in diabetes tech promise better self-care
In May 1922, Dr. William Sansum injected a diabetes patient with insulin for the first time in the U.S., instantly increasing life expectancy from mere weeks to many years. His patient lived to 90.
Vitesse loss narrows as new product sales overtake legacy offerings
Vitesse Semiconductor Corp. continued its fight back to profitability in the third quarter, with new product revenues driving higher sales and its net loss narrowing to 7 cents per share. In the same quarter a year earlier, the Camarillo-based firm had recorded a net loss of 17 cents per share. Third-quarter revenue increased 3 percent Read More →
Conversant profits on track, extends buybacks
Westlake Village-based digital marketing firm Conversant stayed on track with earnings but slightly missed Wall Street’s revenue targets as it committed to returning $150 million more in cash to shareholders through stock buybacks.
Amgen cuts jobs at Thousand Oaks headquarters as drug focus narrows
Thousand Oaks-based biotech giant Amgen has entered a new era in which a leaner organization focuses on shepherding 10 late-stage molecules into an increasingly competitive global market. Amgen said July 29 that it will cut staff at its Conejo Valley headquarters and consolidate into fewer buildings as part of a company-wide restructuring plan that Read More →
