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Crexi Adds New CFO, Legal Head

socalTECH

Beck was most recently Chief Legal Officer at United Capital, which was acquired by Goldman Sachs in 2019 for $750M. Crexi says it increased its total number of employees by close to 40 percent in 2021. Laehy has previously served as interim CEO at Coinbase.

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Shareholders approve Bird-SPAC merger, stock promptly falls

TechCrunch LA

For example, Bird had gross margins that were negative in 2018, 2019 and 2020. This year, the company expects — looking at predictions that included results through Q2 2021 — to post positive gross margins. million in Q2 2021, its best result ever, and one of only four quarters in which the result was positive.

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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

Should SaaS companies trade at a 24x Enterprise Value (EV) to Next Twelve Month (NTM) Revenue multiple as they did in November 2021? But it will be patiently deployed, waiting for a cohort of founders who aren’t artificially clinging to 2021 valuation metrics. By 2021 we had to write a $3.5m

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Bird Looks To Go Public Via $2.3 Billion SPAC

socalTECH

The company reported $95M in revenues in 2020, versus $151M in 2019, when the pandemic. The presentation says that Bird is estimating it will have $188M in 2021, and $401M in 2022 revenues.

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Aptera Is Back, With Solar Powered Car

socalTECH

The electric car maker, which had originally been founded in 2005, but went bankrupt in 2011, re-formed in 2019 under the lead of original founders Christ Anthony and Steve Fambro. Aptera announced its new Paradigm "solar electric vehicles" last week, which it says it is now offering up for reservations.

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Bird Sees Record Results, Adds New E-Bike

socalTECH

Los Angeles-based micromobility provider Bird said this morning that it has seen record second quarter and first half fiscal 2021 financial results, with $60.0M Bird said the Q2 results are a 43 percent increase versus the same period in 2019. in revenues in Q2, which was 36 percent above its expectations.

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Teledyne Wins $20M F-35 Contract

socalTECH

According to Teledyne, the contract--which runs for fiscal years 2019 through 2021--is with Harris Corporation.Teledyne AES said the award is to develop and deliver fiber optic quad transceiver products for the military aircraft. Teledyne has been supporting the Lockheed Martin F-34 program since 2004.