Flux Power Holdings Inc. reported a net loss of $2.92 million on revenues of $2.7 million for the second quarter of its fiscal year. Revenue grew 126 percent from the same quarter last year, when Flux had $1.2 million in sales.
Sempra Energy said on Feb. 12 that it has agreed to sell its wind generation assets to American Electric Power for $551 million in cash. It's part of a wider effort to divest of its generation and natural gas storage assets.
JuneShine’s North Park location will remain open concurrently.
Qualcomm Life was sold to private equity firm Francisco Partners. It will be renamed Capsule Technologies.
After Qualcomm Inc. bought his first startup for $300 million, a company that made wireless chipsets, Wilocity founder Tal Tamir had another big idea. His newest company, Wiliot, is focused on making tiny, sticker-sized Bluetooth sensors that can be sold at less than a cent apiece.
After Jonathan Spangler’s San Diego-based guitar startup made its big debut in America’s Music City, Spangler is gearing up to manufacture and sell his first products this summer. His company, Ciari Guitars, creates professional-quality, foldable guitars designed to fit into the carry-on compartment of an airplane.
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 — a closely watched San Diego biotech during the government shutdown — made its public debut Feb. 8 with an upsized $276 million offering.
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 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.
December 2018 was a month of giving from its 8th annual Rise & Shine Christmas Dinner to its December-long Woosley Fire donation.
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.”
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.
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.
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.