AppFolio CEO Shane Trigg announced that the company would be firing 9% of its workforce, or 149 employees, effectively immediately, he wrote in a letter sent out to employees on Aug. 17. The letter, filed with the U.S. Securities and Exchanges Commission, said the company's lack of profitability hurt "our ability to achieve our potential."
The Trade Desk headquarters in downtown Ventura (file photo) Ventura-based The Trade Desk beat Wall Street’s expectations for its second-quarter performance thanks to boosts in revenue from the rise of connected TV and the increased use of retail data. That has not helped the company’s stock, however, which has dipped more than 10% since announcing
Thousand Oaks-based Amgen beat analysts’ expectations when it reported its earnings for the second quarter on Aug. 3, but more importantly, the company reaffirmed its position that it can close the pending acquisition of Horizon Therapeutics before the end of the year. The biotech giant reported net income grew 4.5% year over year from $1.32
MannKind shares rose nearly 20% on Aug. 8, one day after the company highlighted its earnings results for the second quarter of 2022. MannKind, a biotechnology company that develops treatments for diabetes and pulmonary arterial hypertension, delivered revenue worth $49.6 million in the second quarter of 2023, up 157% from the same quarter a year
Goleta-based Transphorm reported its first-quarter earnings after the markets closed on Aug. 14, noting a slight raise in revenue. Transphorm, a supplier of gallium nitride power conversion products, generated $5.9 million in revenue in the first quarter up from $5.2 million in the same quarter a year ago. Moreover, the company’s net loss was $7.4