socalTECH
JUNE 14, 2010
Agoura Hills-based videogame maker THQ has drastically lowered its sales guidance, saying early this morning that it has updated fiscal guidance for its fiscal first quarter ending June 30th and fiscal year ending March 31, 2011, due to "lower than anticipated sales" of its title UFC Undisputed 2010, plus a strengthening US dollar.
socalTECH
DECEMBER 11, 2012
Somaxon had 12 months net sales of approximately $11.7M The company has been looking for a buyer since December of 2011, when it drastically cut its staff and said it had hired an investment banker. According to the two companies, Pernix will acquire Somaxon in a stock-for-stock transaction worth a total of $25M in total equity.
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socalTECH
FEBRUARY 4, 2011
Los Angeles-based RealD , the developer of 3D movie projection technology, released its results Thursday, saying its Q3 2011 revenues rose to $57.8M, up 91 percent from Q3 of of 2010, when it reported revenues of $30.2M. The firm had a net GAAP loss of $16.6M. READ MORE>>.
SoCal Tech Calendar
AUGUST 10, 2011
Tuesday, August 16, 2011 -- Real Value of Customer Excellence. Attend and learn: ·How your support staff can become your best sales representatives ·What is a net promoter score and how it can be utilized in your company ·To call-center or not to call-center? The customer is always rightwell, most times!
SoCal Tech Calendar
NOVEMBER 9, 2011
Tuesday, November 15, 2011 -- Is Social Media Killing Email. Presented by the Marketing and Sales Executives Society. Combined, these statistics suggest a net of 190f consumers who are using email more often. Youve seen the headlines: 9 Reasons Why Email is Dead. Only 6aid they were using it less often. See [link] (more)
Both Sides of the Table
DECEMBER 27, 2011
The most obvious way to explain this is with sales people. If you hire 6 sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business for 4-6 months. “COGS” represents the amount that each sale costs you.
Both Sides of the Table
APRIL 25, 2011
A great recent example of this was a successful group of entrepreneurs who had created a company that will do $10-12 million in revenue at their system integration business (read: services business) in 2011 after having done $5 million or so in 2010 and $2-3 million in 2009. That is $12 million in profits over 3 years. It’s pure irony.
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