QAD, the Santa Barbara-based software developer, today confirmed the pricing for its recently announced public stock offering. The company is offering 3 million shares of Class A common stock at $20.00 per share. One million shares included in the sale are being offered by controlling stockholders Karl Lopker and Pamela Lopker. Additionally, QAD has granted Read More →
Shares of software firm QAD shot up almost 7 percent in midday trading on Friday after the company reported a smaller first-quarter loss. Santa Barbara-based QAD posted a quarterly loss of $76,000, or 1 cent per Class A share and break-even for Class B shares, compared to a loss of $1.3 million a year earlier. Read More →
Summerland-based QAD’s profits in its most recent fiscal year dipped 3.8 percent to $6.4 million, or 41 cents per Class A share and 34 cents per Class B share.
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Santa Barbara-based manufacturing software firm QAD said Dec. 31 that it purchased Michigan-based Cebos for $5 million in cash. QAD sells planning and management software used by large manufacturing firms around the world. Cebos provides management and regulatory compliance software. QAD will pay $3.5 million upon closing the deal and then $1.5 million subject to Read More →
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By Staff Report / Thursday, March 8th, 2012 / Latest news / Comments Off on QAD profits skyrocket
Two years after making deep staff cuts to combat the global manufacturing collapse, Santa Barbara-based QAD profits rebounded 300 percent to $10.7 million in fiscal 2012, the company said March 8. QAD makes software that manufacturing firms use to track materials, labor and other costs. The company counts Hewlett-Packard and other Fortune 500 firms as Read More →