New Acquisition Specializing in Signals, Space Adds to Top Line
Kratos Defense & Security Solutions Inc. (Nasdaq: KTOS) — the Scripps Ranch corporation providing military customers with electronics, drones and other products and services — posted a net loss of $15.9 million, or 12 cents per share, on revenue of $196.2 million during its first quarter.
PARU Tea Brews Up Special Blends in Point Loma as Well as La Jolla
If you’re a fan of beverages that go beyond merely offering hydration, and you like the idea of sustainable practices, local business owners Amy Truong and Lani Gobaleza just may be – and have – your cup of tea.
PHARMA: Partnership to Take Genomics Approach to Discovery
Illumina, Inc. is expanding its reach into drug discovery and development. On May 5, the San Diego DNA sequencing giant announced a partnership with New York-based healthcare investment management firm Deerfield Management to apply a genetic-led approach to develop novel therapies for diseases with unmet medical needs.
A Spirited Comeback for Local Korean Vodka
For those who enjoy vodka, but not the lasting effects it sometimes brings, North County resident Marc Song has some good news for you: After a couple of years on COVID-19 hiatus, Song’s 2016 creation American Soju is finding its way back into markets across Southern California.
AUTONOMOUS DRIVING: Snapdragon Ride Chips to Power Software Platform
CARIAD, the Volkswagen Group’s software company has tapped Qualcomm Technologies, Inc. to supply system-on-chips (SoCs) for CARIAD’s software platform designed to enable assisted and automated driving functions for VW vehicles expected to hit the market around 2025.
Carlsbad-based Callaway Golf (NYSE: ELY) reported stellar first quarter earnings Tuesday afternoon, driven by strong demand, improved supply and strength across all of its business segments.
SPORTS: Local Businesses Encouraged to Partner with Student-Athletes
If you think you may have seen San Diego State men’s soccer captain and defender Kyle Colonna in advertisements for a sports nutrition company or SDSU softball first baseman/catcher Alexis Otero promoting a line of athletic clothing, you aren’t mistaken.
MANUFACTURING: Innovation Improves Safety, Power of Li-ion Batteries
San Diego-based lithium battery innovator South 8 Technologies is charging up. On April 26, the company announced it had closed a $12 million Series A funding round it will use to accelerate the commercialization of its patented Liquefied Gas Electrolyte (LiGas) technology.
RESTAURANTS: Founder Publishes New Cookbook
The idea of eating food that is good for the body, good for the mind and good for the planet is not lost on local restaurateur Nastasha McKeon.
SUSTAINIBILITY: SD Company Wins $1M XPRIZE for Carbon Removal
Climate change is a large problem requiring large solutions. To address it, X Prize Foundation founder Peter Diamandis and Tesla founder Elon Musk created the largest incentive prize in history – the $100 million XPRIZE Carbon Removal competition for companies working on carbon removal technologies at scale.
NONPROFITS: Rebrands as 'San Diego Working Waterfront'
The San Diego Port Tenants Association has changed its name to San Diego Working Waterfront, and on April 21 unveiled a new logo that honors its roots and the people engaged in the myriad businesses on the waterfront.
EVs: Deal Boosts Supply Chain
In what amounts to part acquisition, part homecoming, Aptera Motors announced April 20 it had purchased Andromeda Interfaces, Inc. in an all-equity deal. Terms of the agreement were not disclosed.
PHARMA: Company Bounces Back from Epinephrine Recall
Late last month (March 31), San Diego-based Adamis Pharmaceuticals and partner US WorldMeds launched of ZIMHI – a 5ml naloxone injectable used in the emergency treatment of opioid overdose.
ESG: Dr. Bronner’s Prescribes Climate Action
“The earth is in crisis right now, and with climate change and our plastic problem, we all have to start doing more.” So says Michael Bronner, president of Dr. Bronner’s.
Lockheed Martin to Spend $5.2 Million in the San Diego Area
The U.S. Navy awarded Lockheed Martin Corp. a $261.4 million modification to a previously awarded contract for F-35 fighter aircraft. Some 2% of the work, valued at approximately $5.2 million, will be performed in San Diego.