Local Company Hits and Misses
A look back at our 3-year series on emerging companies in the Sacramento region; meet the winners; the mergers and those stuck in the gate
From December 2007
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ThermoGenesis Corp. (Nasdaq: KOOL)
"We're excited about our future. We just have to get through some of these problems and make some money," says CEO William Osgood, who on July 30 took over the Rancho Cordova-based company that describes itself as a supplier of enabling technologies for stem cell therapy and blood processing. For its fourth quarter ending this June 30, ThermoGenesis reported a loss of $2.61 million, or 5 cents a share. Osgood blamed manufacturer and distributor problems. For fiscal 2007, revenues increased 39 percent over fiscal 2006, to $16.75 million. But the company, which has suffered losses in the past, still reported a loss of nearly $6.78 million, or 12 cents per share. The company recently announced Food and Drug Administration approval for its proprietary AutoXpress Platform (AXP), a system that automatically works to isolate and capture stem cells from umbilical cord blood, and FDA approval for one of its wound-care products, CryoSeal, a type of surgical glue used in liver resection surgery.
Varatouch Technology Inc.
Atrua, a Campbell maker of "intelligent" touch controls for mobile phones, handheld games and other personal electronic devices, acquired Varatouch in February 2006 for an undisclosed amount. The company makes analog navigation and control products. All but one of 10 Varatouch employees remained in El Dorado Hills. Varatouch CEO G. Craig Vachon became vice president of corporate development, and Varatouch founder Michael Rogers was named Altrua's vice president of tech transfer. Established in 1987, the company began as a manufacturer of remote controls, and eventually joysticks, for audiovisual systems but struggled to compete in the consumer electronics marketplace. Varatouch abandoned manufacturing and adopted its intellectual-property licensing business model in 2003.
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Community Comments
December 18, 2007