Cogent Sees Smooth Sailing For Acquisition

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Pasadena-based Cogent , the developer of fingerprint and other biometrics devices, reported this morning that a Delaware court has denied a shareholder motion to block the acquisition of the firm by 3M. 3M said August 30th that it would pay $943M, or $430M net of cash, for Cogent.

Demand Media Reports Profit

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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. The firm also reported net income of $1.0M, versus $3.9M The firm reported net loss of $5.3M publishing content acquisition merger media demand

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Boingo Wireless Reports Quarterly Results

socalTECH

Los Angeles-based Boingo Wireless , the operator of a network of Wi-Fi access points, has reported its first quarterly results as a public company. The firm reported a net loss of $329,000, versus a net loss of $127,000 for Q1 last year.

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Napster Going To Rhapsody, Says Report

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A report today says that Napster , the online music service now owned by Best Buy, is being sold to Rhapsody. Los Angeles-based Napster was acquired by Best Buy in September of 2008 in a deal which was worth net value of approximately $54M. napster rhapsody music streaming service merger acquisition bestbuy best

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Inphi Reports Q3 Results

socalTECH

the maker of high-speed analog semiconductors, has updated its S-1, to reflect the firm's Q3 financials, saying that it had had net income of $3.58M on total revenues of $21.8M That compared with net income of $3.85M on revenues of $18.37M for the same quarter last year. Tags: inphi merger acquisition iphi semiconductor Inphi Corp. ,

Inhibrx Files For IPO

socalTECH

The company reported a net loss of $31.02M in 2018 on revenues of $8.5M; the company's current revenue stream includes both license fees and grants. inhibrx biopharmaceuticals biopharma protein engineering merger acquisition viking global lifescience biotechLa Jolla-based biopharmaceuticals startup Inhibrx has just filed for an IPO, saying in an S-1 filing that it is looking to raise up to $74.75M in an IPO on the Nasdaq Global Market. Inhibrx has applied to trade as INBX.

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Super League Gaming Sees IPO, But Drops In Debut

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The company reported in its S-1 that it had a net loss of $20.62M for the year ended December 31, 2018, on sales of $1.04M. super league gaming merger acquisition esports communitySanta Monica-based Super League Gaming had its IPO on Tuesday, debuting at $11.00 in its initial trading, but falling more than 22 percent during the day to close down at $8.50 per share. The company now trades on the Nasdaq as SLGG.

Amgen Completes Onyx Pharmaceuticals Tender Offer

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Thousand Oaks-based Amgen reported this morning that it has completed its tender offer for Onyx Pharmaceuticals , and now expects its acquisition to complete today. billion net of estimated cash at Onyx. onyx pharmaceuticals amgen merger acquisition biotech lifescience cancer Amgen said the deal is worth $9.7 Amgen is paying $125 per share in cash for publicly held Onyx Pharmaceuticals, a developer of biopharmaceuticals for treating cancer.

Leaf Group Acquires Deny Designs

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Leaf Group disclosed the sale in its first quarter 2017 results, where it reported a net loss of $10.0M media demand decor home acquisition merger designs deny group leafSanta Monica-based Leaf Group , which is led by Sean Moriarty, said on Thursday that it has acquired home decor brand Deny Designs. Leaf Group said it paid $12.0M for Deny Designs, split between $6.7M in cash plus approximately 215,000 shares of its common stock. Deny Designs was based in Denver, Colorado.

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Vizio Files For IPO

socalTECH

Vizio reported net income of $44.9M billion in net sales for 2014. vizio television consumer electronics merger acquisition exitIrvine-based consumer electronics giant Vizio has filed for an IPO, saying in a filing Friday that it is looking to raise up to $172.5M in a public offering. The company says it has filed to trade as VZIO, but has yet to select an exchange.

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Qualstar Continues To Look At Strategic Options

socalTECH

Simi Valley-based Qualstar , the developer of data storage and high efficiency power supplies, says it continues to look at "strategic options" for the business, as it reported yet another quarter of declining revenues. The company reported a net loss of $1.2 qualstar merger acquisition layoff jobs storage power hardware electronics

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Media Temple Parent GoDaddy Files For IPO

socalTECH

The company reported a net loss of $131M for 2013, on revenues of $1.13 godaddy mediatemple merger acquisition exit hosting premium GoDaddy , the parent company of Los Angeles premium website hosting service Media Temple , has filed for an IPO--in the process, showing that the company paid $94.48M in cash for Media Temple. GoDaddy said it is looking to raised up $100M in its IPO, which is being underwritten by Morgan Stanley, J.P.

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What’s the minimum information to give your investors?

Berkonomics

Shareholders may vote on other issues during the year by written consent, including acquisitions, stock issuance, changes to the articles of incorporation and bylaws, and more. This could include the need for audited financials, monthly financial and narrative reporting and more.

Class 156

Boingo Wireless Files For IPO

socalTECH

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 communications telecom wifi acquisition merger wireless boingo

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LegalZoom Files For IPO

socalTECH

LegalZoom reported net income of $12.1M legalzoom merger acquisition exitGlendale-based online legal documents marketplace LegalZoom filed for an IPO Friday, saying that it is looking to raise up to $120M on the New York Stock Exchange as "LGZ". The firm's IPO is being underwritten by Morgan Stanley, BofA Merrill Lynch, Stifel Nicolaus Weisel, RBC Capital Markets, William Blair, and Montgomery & Co. The firm is venture backed by Polaris Venture Partners (35.1

THQ Seeks Buyer As Sales Slip

socalTECH

Agoura Hills-based videogame maker THQ is looking for a buyer, after reporting less-than-stellar results on Monday afternoon. The announcement came as the firm announced net sales of $107.4M The firm also reported a net loss of $21.0M. merger acquisition videogame gaming contentTHQ said it has hired an investment banker to help it consider "strategic alternatives", in hopes of raising additional capital to bring a number of titles to market.

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Active Network Revenues Up In Q1, Sets Trading Symbol

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San Diego-based Active Network , the operator of sports registration and online community sites, said in a filing today that it had a net loss of $10.9M Revenues were up 15% from the quarter ending March 30, 2010, when the firm reported a net loss of $12.4M active network merger acquisition sports registration actvon revenues of $72.71M for the three months ended March 31, 2011. The firm--which is currently in IPO registration--also set its trading symbol as ACTV.

OpenX Tops $140M In Revenues

socalTECH

The privately held company--which has not previously reported its revenue number publicly--said it doubled its revenue and tripled its profits in the last two years. The company also says it has been growing in terms of employees; the company said it had 110 net new hires in 2015, a 31 percent increase in its headcount. openx growth advertising marketplace technology adtech merger acquisition

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NantHealth Files For IPO

socalTECH

NantHealth reported a net loss of $71.6M nanthealth merger acquisition software health healthcareCulver City-based NantHealth , one of the companies out of billionaire Patrick Soon-Shiong's collection of NantWorks companies, has filed for an IPO, saying this morning that it is looking to raise up to $92.0M in a public offering. NantHealth said it intends to list on the NASDAQ Global Market as NH.

Frank Addantes FounderBlog: 3. Virtual Location, Location, Location

Frank Addante

► February (1) What do you do when a reporter you admire misrepre. Internet Advertising ASP) Exit: $112M IPO and acquisition Lesson: Think big. My solution: cast a wider net.

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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. nexsan data storage merger acquisition nxsnIn a sign that Thousand Oaks-based Nexsan might be ramping up its IPO efforts again, after a delay last year, the firm filed an updated S-1 this week.

Kythera Files For IPO

socalTECH

The firm reported a net loss of $11.1M kythera biopharmaceuticals biotech medicine reduction merger acquisition exitCalabasas-based KYTHERA Biopharmaceuticals , a developer of biopharmaceuticals for the aesthetic medicine market, has filed for an IPO. According to the firm's S-1 filing, Kythera is looking to raise up to $86.25M on the NASDAQ Global Market as KYTH. The firm's offering is being underwritten by J.P. Morgan, Goldman, Sachs & Co.,

Zogenix Files For IPO

socalTECH

The company reported $7.5M in revenues for the six months ended June 30, 2010, with a net loss of $49.3M. Tags: zogenix merger acquisition lifescience migraine headache health San Diego-based Zogenix , a developer of needle-free, delivery systems for the treatment of acute migraines and cluster headaches, has filed for a $90M IPO. The IPO is being underwritten by Wells Fargo Securities, Leerink Swann, Oppenheimer & Co., and Stifel Nicolaus Weisel.

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ServiceNow Files For IPO

socalTECH

The firm reported a net loss of $6.6M servicenow merger acquisition cloud saas exitSan Diego-based ServiceNow , the developer of cloud-based, enteprise IT automation software, filed for an IPO Friday, saying that it is looking to raise up to $150M in an IPO on the NYSE. ServiceNow said has applied to trade as NOW.

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Green Dot Files For IPO

socalTECH

The firm reported net income of $37.16M on revenues of $234.8M Tags: green financial prepaid merger acquisition tech coast angels Monrovia-based Green Dot , a provider of pre-paid VISA and Mastercard cards, has filed for an IPO, saying this morning that it is looking to raise up to $150M in an IPO on the NYSE. The firm's IPO is being undewritten by J.P. Morgan, Morgan Stanley, Piper Jaffray, and UBS Investment Bank.

Demand Media Gets Second $100M+ Quarter

socalTECH

The firm reported its latest quarterly results Tuesday, reporting $100.6M The company also reported net income of $0.7M The company said the growth in revenues came from "strong growth" on its owned & operated content and media properties, plus its acquisition of Creativebug, the arts and crafts instruction site. Santa Monica-based online digital media publisher Demand Media keeps on getting bigger and bigger.

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Is asset-based lending for you?

Berkonomics

This type of funding is great for startup companies, refinancing existing loans, and financing for growth, mergers and acquisitions. Handling the reporting for such loans often require some amount of dedicated time. With help from JJ Richa.

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ACTIVE Network Seeks Buyer

socalTECH

The company said it has received interest from outside parties in both investment in ACTIVE Network to acquisition of the company. Active Network reported a net loss of $2.7M activity registration ports results quarterly acquisition merger network active

Internet Brands Revenues Grow In Q2

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Los Angeles-based Internet Brands reported its results Thursday, saying that the firm saw record revenues in Q2. According to Internet Brands, it had net income of $4.6M in net income on revenues of $23.2M The total brings the amount spent on acquisitions in the first half of the year to $16.2M The firm had not previously disclosed financial information about its various acquisitions in the quarter.

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. So if your costs are $500,000 per month and you have $350,000 per month in revenue then your net burn (500-350) is equal to $150,000. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

ReachLocal Grows Revenues By 47 Percent

socalTECH

Woodland Hills-based ReachLocal , the provider of local online marketing services for small and medium sized businesses, reported its results Tuesday, saying that it had $77.1M The firm reported a net loss of $2.8M, compared with net income of $14.9M The firm's net income last year in Q3 was boosted by a one-time gain related to the acquisition of its Australian subsidiary.

Will Facebook's IPO Unbottle Southern California's Pipeline?

socalTECH

The firm reported net income of $1 billion on revenues of $3.7 facebook merger acquisition social networkingWill the filing of an IPO by Menlo Park-based Facebook unclock the pipeline of would-be Southern Calfornia IPOs? Facebook filed for its IPO Wednesday afternoon, saying that it is looking to raise up to $5 billion, in what is expected to be the biggest IPO since Google. billion in 2011 in its S-1, which is being underwritten by Morgan Stanley, J.P.

Image Metrics Raises $8.0M, In Reverse Merger

socalTECH

As part of the public listing, Image Metrics reported it had revenues of $4.0M The firm said it had a net loss of $6.8M Tags: image metrics facial animation reverse merger icla acquisition Santa Monica-based Image Metrics , a developer of facial animation software and services, has raised $8.0M in funding and gone public through a reverse merger.

Demand Media Files For IPO

socalTECH

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 For the six months ended June 30th, the firm reported that $66.2M Tags: demand media merger acquisition content richard rosenblatt public Santa Monica-based Demand Media , the online media firm run by Richard Rosenblatt, has finally filed for its long awaited IPO.

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How much information do you give to investors?

Berkonomics

Shareholders may vote on other issues during the year by written consent, including acquisitions, stock issuances, changes to the articles of incorporation and bylaws, and more. Summarizing income statements with a line for revenues, cost of revenue, general and administrative expenses, sales and other direct costs – all leading to net income, would satisfy the legal requirement for statement of income and expense.

Class 175