Kratos Defense & Security Solutions Inc. reported a net loss of $22.2 million, or 37 cents per share, on revenues of $153 million in its first quarter, which ended March 27.
InfoSonics Corp., the University City maker of smartphones and tablets, reported a net loss of $903,000 on net sales of $9.4 million in its first quarter of 2016. The loss amounted to 6 cents per diluted share.
RESEARCH: CASIS Rep To Be Stationed in S.D. To Facilitate the Process
An organization with ties to NASA that oversees private research on the International Space Station is raising its profile among the local research community. The Florida-based Center for the Advancement of Science in Space — called CASIS for short — plans to station a representative in San Diego.
It’s an unmanned machine made of carbon fiber, one that can stay on station for ridiculously long periods of time. Nothing new for San Diego, right? Except this one is 132 feet long and doesn’t fly. It floats.
Paul Jacobs has joined the board of Dropbox, the San Francisco file hosting service announced in a blog post on May 2.
Sempra Energy — parent company to San Diego Gas & Electric Co. and Southern California Gas Co. — reported first quarter earnings of $319 million, or $1.27 per share of common stock, on revenue of $2.62 billion. The company made the announcement May 4.
Kearny Mesa-based Mitek Systems Inc. reported net income of $600,000, or 2 cents per diluted share, on revenue of $8.5 million in its second quarter of fiscal 2016, which ended March 31.
Indus Technology Inc. said on May 3 that it is leading a team that received a U.S. Navy contract that could we worth up to $2.92 million over five years, if the Navy exercises all of its options.
Cubic Corp., the defense contractor that also makes fare-collection technology for mass transit, reported net income of $10.1 million, or 38 cents per diluted share, on sales of $366 million for the second quarter of its 2016 fiscal year.
The University of San Diego’s economic index rose 0.4 percent in March to a level not seen since the exuberant days of 2005-2007.