SD FINANCE

Equinox Project Moves to USD

The reason for the move is because of the resources USD can provide Equinox in its mission to continue to provide data that addresses regional growth for local neighborhoods and communities.

Gossamer Bio Goes Public with Upsized $276M Offering

Gossamer Bio — a closely watched San Diego biotech during the government shutdown — made its public debut Feb. 8 with an upsized $276 million offering.

Sempra LNG Plant Close to Opening

Sempra Energy is poised to start production on the first unit of its Cameron liquefied natural gas (LNG) export plant in southern Louisiana. Separately, Sempra announced on Feb. 7 that it completed the sale of its non-utility natural gas storage assets to ArcLight Capital Partners for $328 million in cash.

Padres Pedal the Cause Rides to A Record Fundraising Effort

Padres Pedal the Cause presented a check for a record-breaking total of $2,940,837 recently to beneficiary representatives from Moores Cancer Center at UC San Diego Health, Sanford Burnham Prebys Medical Discovery Institute, Salk Institute for Biological Studies and Rady Children’s Hospital–San Diego.

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Restaurant Group Truly Served the Public

December 2018 was a month of giving from its 8th annual Rise & Shine Christmas Dinner to its December-long Woosley Fire donation.

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Students Take Active Role In ‘Repairing the World’

Students from the San Diego Jewish Academy recently presented more than $7,000 of their Hannukah charitable project that reflects the Jewish value of Tikkum Olam or “Repairing the World.”

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JA’s New Leader Will Help Shape Next Generation of Business Leaders

Junior Achievement of San Diego County announced that Siddhartha “Sidd” Vivek joined the organization as its new president/CEO in late January 2019, succeeding interim President Steve Rowe.

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Rotary Mobilizes to Deliver Much-Needed Emergency Grant

San Diego Rotary, the fourth largest Rotary Club in the world, announced an emergency $10,000 grant to the nonprofit Alpha Project. The funds will be utilized to replace much-needed supplies lost when the homeless shelter flooded out during recent winter storms.

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Viasat Grows Revenue, Orders Third ViaSat-3 Satellite

Satellite communications specialist Viasat Inc. reported a net loss of $10.4 million, or 17 cents per share, on total revenues of $554.7 million during its third quarter, which ended on Dec. 31. The Carlsbad-based corporation reported “exceptional performance” that set revenue records for its three business segments.

Teradata Boosts Subscription Revenue as it Continues Turnaround

Teradata saw a larger portion of its revenues come from subscriptions last year, as the company pushes toward a SaaS model.

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Callaway Golf Announces Record Sales of $1.24B for 2018

Callaway’s non-GAAP 2018 earnings per share were $1.07, a 102 percent increase over the 2017 figure.

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Cubic Reports $305M in First Quarter Sales

Cubic Corp. reported a net loss of $6.6 million or 23 cents per share on net sales of $305.3 million during the quarter ended Dec. 31. The Kearny Mesa-based corporation — which specializes in transportation and defense technology — reported its financial results on Feb. 6.

Port of San Diego Welcomes Two Inaugural Cruise Calls

As California’s third-busiest cruise port, the Port of San Diego is anticipating approximately 92 cruise calls and nearly 300,000 passengers in fiscal year 2019-2020.

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Italian Air Carrier to Offer Viasat Wi-Fi

Viasat said it has reached an agreement with the Italian airline Neos S.p.A. to provide in-flight Wi-Fi connectivity to Neos’ fleet of Boeing 787 Dreamliner aircraft. Financial terms of the deal, announced Feb. 5, were not disclosed.

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PriceSmart Declares 70 Cent Dividend

The board of San Diego-based PriceSmart, meeting on Jan. 30, declared a dividend of 70 cents per share, payable in two installments in February and August. PriceSmart (Nasdaq: PSMT) owns and operates 41 membership warehouse clubs in 12 countries and one U.S. territory in Central America, the Caribbean and Colombia.