Flood of IPOs has slowed to a trickle in 2022
After reaching new heights in 2021, including a $150 million capital raise that closed in July and surpassing $100 million in annual recurring revenue, Santa Barbara-based Impact Technologies was preparing to go public in 2022. But, with rising inflation and interest rates decimating the stock market, the IPO money that was available in 2021 has Read More →
Semtech reports earnings and revenue growth in Q1
Camarillo-based Semtech Corp. reported record sales and rising earnings when it announced its financial results for the first quarter of 2022 on June 1. Semtech, a semiconductor company specializing in Internet of Things applications, saw net income increase in the first quarter of 2022, as the company netted $38 million, or 59 cents per share, Read More →
UCSB New Venture Competition awards $11K to health startup
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Transphorm reports big revenue jump
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Health care innovators take center stage in 2022 South Coast Business & Technology Awards
Industries all over the world were debilitated by the COVID-19 pandemic in 2020, but perhaps none more than health care. For years, yearly checkups were the norm for millions of people, but with overfilled hospitals and risk of infection suddenly a huge concern, people began skipping visits to doctor’s offices and hospitals. In the years Read More →
Energy Vault reports rising revenue, declining losses during IPO quarter
In its first quarter as a publicly traded company, Energy Vault reported growing revenue and a net loss that it attributed to its public offering and other one-time costs, as the Westlake Village-based company continues to expand deployments of its energy storage systems. Energy Vault, which uses a gravity-based system to store and release energy Read More →
Saalex secures $44M Navy contract
Saalex Solutions, a Camarillo-based federal contractor, had been awarded a U.S. Navy contract worth up to $44 million, the company announced May 16. The contract, with the Naval Surface Warfare Center Corona Division, calls for Saalex to continue to provide technical, engineering and logistics support to the Range Systems Department in Norco, California. Saalex provides Read More →
