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Demand Media Reports Profit

socalTECH

Santa Monica-based Demand Media , the internet publishing firm headed by Richard Rosenblatt, reported its fourth quarter and fiscal 2010 results today, the first as a public company. Demand Media said it had revenues of $73.6M in revenues from Q4 of 2009. The firm also reported net income of $1.0M, versus $3.9M

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Power-One Revenues Surge On Solar Inverter Demand

socalTECH

Camarillo-based Power-One , which develops both photovoltaic inverters and other poser conversion products, saw its fourth quarter results surge on demand for its photovoltaic inverter products. 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.

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Demand Media Files For IPO

socalTECH

Santa Monica-based Demand Media , the online media firm run by Richard Rosenblatt, has finally filed for its long awaited IPO. According to Demand's IPO filing, the firm had a net loss of $6.00M on revenues of $114.0M For the year ended December 31, 2009, the firm had a net loss of $21.9M on revenues of $198.45M.

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Cornerstone On Demand Updates S-1

socalTECH

Santa Monica-based Cornerstone On Demand , which recently filed for an IPO on the NASDAQ Global Market as CSOD, has updated its IPO filings documents with the SEC. The firm's latest S-1 shows that the firm had revenues of $32.572M for the nine months ended September 30th, and had a net loss of $31.4M, due to an accounting charge of $24.0M

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

TechCrunch LA

With those two funding rounds all equity-based, to buy up property itself and provide $10,000 cash advances to all sellers, Sundae previously also raised a debt fund from high net worth individuals, and it has a “very large” debt facility from Goldman Sachs that it also non-dilutive, Stech said.

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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 said the revenues were driven by an increase in the 3D film slate, as well as consumer demand for the immersive 3D experience.

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Internet Brands Revenues Grow In Q2

socalTECH

According to Internet Brands, it had net income of $4.6M in net income on revenues of $23.2M in Q2 of 2009. decrease in automotive e-commerce revenues, related to continued weakness in demand from automotive dealerships. in revenues, up from $2.5M