MindBody revenues up but net losses continue
Consistent with its last earnings report, MindBody’s revenues increased 31 percent for its second fiscal quarter 2017, but net losses persisted, reaching $4.4 million, or 10 cents per basic and diluted share. The San Luis Obispo-based software provider for the wellness industry brought in $44.1 million in revenue, including $17.6 million from its payments software. Read More →
Santa Barbara software company QAD has new product
Santa Barbara software company QAD released its newest product in its demand and supply chain planning suite July 13. “This latest version features many improvements and extended capabilities that make QAD DSCP more comprehensive and even easier to use,” Luc Janssen, vice president of research and development for manufacturing and supply chain solutions, said in Read More →
Coding Autism wins MIT entrepreneurial competition
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Dubroff: Mindbody growing along with Highway 101 tech corridor
After raising $134 million in late May, expanding its footprint on the Central Coast and rolling out an updated global expansion strategy, MindBody CEO Rick Stollmeyer is in no mood to slow down. Nor does he see any slowdown ahead for the burgeoning tech corridor along the Highway 101 in the tri-county region. In an Read More →
QAD declares quarterly dividend
Santa Barbara manufacturing software provider QAD declared a quarterly dividend on June 15 for stockholders of record as of June 27. Class A common stockholders will receive 7.2 cents per share and Class B common stockholders will receive 6 cents per share payable on July 6. • Contact Marissa Nall at [email protected].
MindBody expects to raise $120 million with stock offering
San Luis Obispo-based MindBody announced a follow-on stock offering May 22 that would raise around $120 million for the company. The wellness-oriented software company plans to offer 4.4 million shares of Class A common stock, with options for underwriters to purchase an additional 660,000 shares. MindBody’s share price fell 5 cents following the announcement, ending Read More →
Stock soars at The Trade Desk over news of $200 million offering
The Trade Desk stock gained 3.5 percent on the news that it had filed a registration statement with the Securities and Exchange Commission for a follow-on offering of up to $200 million of existing stock. The digital advertising platform company, headquartered in Ventura, will not receive any proceeds from the offering, filed May 19. The Read More →
