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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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Sundae snags $36M to build out its distressed property marketplace

TechCrunch LA

He did note that in the four markets where the company has gone live since launching its business in January 2019 — San Diego, Los Angeles, the Inland Empire , and Sacramento — has yielded an annualized revenue run rate of over $400 million in gross merchandise value (the total value of home sales transacted on its platform).

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RealD Revenues Rise To $57.8M

socalTECH

The firm had a net GAAP loss of $16.6M. The firm said it has now deployed approximately 11,300 RealD enabled screens, up from the 4,300 screens it had in December of 2009. RealD's revenues are somewhat based on the number of 3D screen showings; the firm takes a cut of 3D ticket sales at theaters. READ MORE>>.

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Electro Rent Acquires Electronic Test Equipment Firm

socalTECH

Van Nuy-based Electro Rent , a firm which provides rental, leasing, and sales of electronic test equipment, said Thursday that it has won a bid to acquire the assets of Telogy, LLC, a bankrupt provider of electronic test equipment. Electro Rent said it would pay $26.7M Electro Rent said it would pay $26.7M

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THQ Gains On UFC Title

socalTECH

Agoura Hills-based THQ has swung back into the black, saying Tuesday evening that it had net income of $6.4M on sales of $243.5M for its fiscal first quarter, on the strength of the firm's new UFC 2009 Undisputed title. and sales of $137.6M The positive results compared with a loss of $27.2M

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Power-One Chops Another 300 Workers

socalTECH

The revelation came as part of the firm's Q2 2009 results, when the firm said it had net sales of $91.2M, a 39% decrease from the $149.3M in sales it had in Q2 of 2008. The firm said the cuts bring the company's reduction in headcount to 1300, or 29 percent of its staff. READ MORE>>.

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