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Power-One Revenues Surge On Solar Inverter Demand

socalTECH

According to the firm Thursday, it saw net sales of $366M for its quarter ended January 2, up 157 percent from the fourth quarter of 2009. The firm said that for the full year, it had net sales of $1.05 billion, up 143 percent compared to 2009. READ MORE>>.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

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Active Network Files For IPO

socalTECH

The firm's IPO is being underwritten by BofA Merrill Lynch, Citi, Allen & Company LLC, Stifel Nicolaus Weisel, RBC Capital Markets, ThinkEquity LLC, and WR Hambrecht+Co. The firm said it had a net loss of 37.8M in 2009, and a net loss of $18.18M on revenues of $188.5M The firm said it had a net loss of 37.8M

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Boingo Wireless Files For IPO

socalTECH

According to Boingo, it intends to apply to list on the NASDAQ Global Market as WIFI. The firm reported it had net income of $1.4M on revenues of $65.715M for 2009, and net income of $5.67M on revenues of $59.0M for the nine months ended September 30, 2010.

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GameFly Files For IPO

socalTECH

Los Angeles-based GameFly , which operates an online video game rental service, has filed for a $50M in an IPO on the NASDAQ Global Market. The firm reported it had net income of $2.97M on revenues of $47.68M for the six months ended September 30, 2009. For its fiscal year ended March 31, 2009, it had net income of $4.0M

.Net 150
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Nexsan Updates S-1

socalTECH

The provider of data storage equipment reported that it had net income of $0.5M in net income of $19.28M in revenues for the three months ended September 30, 2010. Year to year revenues were up from the $60.89M the firm reported for its year ended June 30, 2009. on the NASDAQ Global Market as NXSN. READ MORE>>.

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Peregrine Semiconductor Files For IPO

socalTECH

San Diego-based Peregrine Semiconductor , a developer of RF integrated circuits for the wireless and other markets, filed for an IPO late Friday, saying it is looking to raise up to $100M on either the Nasdaq Global Market or New York Stock Exchange. According to the firm's S-1, the company had a net loss of $7.4M READ MORE>>.

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