SD FINANCE

Petco Foundation Announces $2.5M to Support Veterans

The Helping Heroes annual campaign will help cover training and placement of former shelter dogs with veterans with physical and emotional disabilities like post-traumatic stress disorder (PTSD).

San Diego Medical Device Startup Wins CES Honors

San Diego medical device startup Triple W was honored by CES for its wearable device intended to help users with urinary incontinence.

Philathropy: Miracle Babies’ Supporters Show and Share the Love

The ninth annual Miracle Babies gala, themed “Minuit à Versailles,” took place recently at the Rancho Valencia Resort & Spa.

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Quarter Brings Stock Sale, Net Loss for Maxwell

With a third-quarter net loss of $9.7 million on revenue of $33.7 million, ultracapacitor-maker Maxwell Technologies Inc. hopes a changing business model means better times ahead.

Sempra Earns $274M in Quarter, Signs Customers to Baja LNG Plant

Sempra Energy reported earnings of $274 million, or 99 cents per share, on total revenues of $2.94 billion in the third quarter of 2018. It also announced new customers for its liquefied natural gas (LNG) export business.

Qualcomm forecasts more headwinds from Apple

Qualcomm Inc. beat analyst expectations with its fourth-quarter financial results, but offered weak guidance for next year, with the absence of purchases and licensing fees from Apple Inc.

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Kratos Earns $1.7M on Revenue of $159M

Kratos Defense and Security Solutions Inc., which builds electronics and drones, reported net income of $1.7 million, or 2 cents per share, on total revenues of $159.4 million in the third quarter.

Viasat Gives to UC San Diego, Delves Into Design Thinking

Viasat Inc. has given UC San Diego’s Design Lab $250,000 to support the lab’s Center for Design-Driven Transformation. The center, in turn, will help Viasat transform its business processes.

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Cohu Starting to Achieve Synergies After Acquisition

Cohu Inc. reported net income of $4.8 million or 16 cents per share on net sales of $86.2 million during the third quarter. The Poway based corporation also offered an update on its acquisition of Massachusetts-based Xcerra.

Mitek Rejects Takeover Bid from ASG Technologies

Mitek's board rejected ASG Technologies' takeover bid for $425 million.

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New CEO Turns Around Advertising Startup for Auto Dealers

Tom Eaton, CEO of local startup Nivin, is looking to get the advertising company for software dealers back on track.

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Guild Mortgage Volume Grows 9 Percent in First 9 Months

Growth in seven states helped push San Diego-based Guild Mortgage Co. ahead of its peers during the first three quarters of 2018. Total volume grew 9.3 percent to $12.75 billion.

Philathropy: The Muse Moves Art San Diego to Help

San Diego’s largest contemporary fine art show, Art San Diego, kicked off its 10th Anniversary with IMPACT night, a VIP Preview Party hosted by sponsor UBS Financial Services. The evening raised funds for Rady Children’s Hospital, Monarch School, HEAL and Generation Hope. The show was held at the Del Mar Fairgrounds’ Wyland Center.

Viasat 2Q Revenue Grows 32 Percent

Viasat Inc. saw its second quarter revenue grow to $517.5 million from $393.1 million in the same quarter one year ago, an increase of 31.6 percent. Shares rose 11 percent.

Faced with $425M Takeover Offer, Mitek Hits Record Revenues

ASG Technologies Group made public its offer for Mitek Systems, valued at $425 million.

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