Goleta-based AppFolio reports first ever quarterly profit
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Housing, jobs, robotics will shape tri-county economy
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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 →
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 →
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 →
