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Montecito Bank & Trust
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Deckers Brands CEO retiring; earnings per share nose dive

By   /  Thursday, May 26th, 2016  /  Earnings, Latest news, Tri-County Public Companies  /  No Comments

Despite record-breaking profits last year, Ugg boot parent company Deckers Outdoor Corp. expects earnings to flatline this year, partly because of higher prices for sheepskin, the key raw material in its signature boots.

Goleta-based Deckers Brands beat quarterly revenue estimates but still posted a loss of 73 cents per share when the company reported fourth quarter and fiscal year 2016 earnings results May 26 as unseasonably warm weather ate into profit margins. Deckers’ sales increased 11 percent during the quarter from $340.6 million in 2015 to $378.6 million Read More →

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Resonant signs licensing agreement with customer

By   /  Thursday, May 19th, 2016  /  Earnings, Latest news, Tri-County Public Companies  /  No Comments

Resonant Chief Technology Officer Robert Hammond shows off the company’s duplexer.

Resonant may be turning a corner. The company announced it signed a second licensing agreement May 17 with an existing customer. The Goleta-based company is developing smartphone technology called duplexers it intends to license to manufacturers of smartphone technology. Last week, it announced the first revenues in the company’s history when it reported first quarter Read More →

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Qualstar revenues down 23 percent during first quarter

By   /  Monday, May 16th, 2016  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  No Comments

A year ago, the management team at Simi Valley-based Qualstar was ousted by Florida-based BKF Capital, which vowed to cut costs and executive compensation while expanding international sales.  (Stephen Nellis / Business Times photo)

Qualstar revenues sunk during the first quarter, the company reported May 12. Simi Valley-based Qualstar is an electronics manufacturer that specializes in data storage and power supplies for telecom, broadcast and gaming industries, among others. Revenues sank 23 percent during the quarter from $2.8 million in 2015 to $2.1 million in 2016. Net losses decreased Read More →

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Interlink Electronics revenues, profits up

By   /  Monday, May 16th, 2016  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  No Comments

Interlink Electronics

Interlink Electronics reported a sharp increase in revenues and profits for the first quarter on May 16. Westlake Village-based Interlink Electronics focuses on manufacturing sensors that are used in portable electronic devices. The company said revenues increased 24 percent during the quarter to $2.8 million; up from $2.3 million during the first quarter of 2016. Read More →

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Clean Diesel Technologies beats revenue estimates but misses on net loss per share

By   /  Friday, May 13th, 2016  /  Earnings, Latest news, Tri-County Public Companies  /  No Comments

Clean Diesel Technologues assemblyworkers at its Oxnard factory, where the company is consolidating its headquarters. The firm recently promoted executive Chris Harris to CEO as it works toward profitability. (Nik Blaskovich / Business Times photo)

Clean Diesel Technologies beat analyst revenue estimates, but missed net-loss-per share estimates in first quarter results released before markets opened May 13. Oxnard-based Clean Diesel Technologies makes diesel emission control systems for cars and other diesel powered vehicles. Revenue of $9.7 million beat analyst estimates of $8.77 million, according to S&P Capital IQ, but still Read More →

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Sientra selling implants again but staff cut as losses mount

By   /  Friday, May 13th, 2016  /  Earnings, Health Care, Latest news, Technology, Tri-County Public Companies  /  No Comments

Breast implant manufacturer Sientra’s headquarters in Goleta are home to fewer employees as the company has decreased staff.

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Resonant finally gets revenue but still had big second quarter operating loss

By   /  Thursday, May 12th, 2016  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  No Comments

Resonant Chief Technology Officer Robert Hammond shows off the company’s duplexer.

Resonant is no longer pre-revenue. The Goleta-based company, which is developing smartphone technology called duplexers it intends to license to manufacturers of smartphone technology, recorded revenues of $27,000 when it released second quarter earnings May 11. The company said the money came from two customers who made upfront payments on two upcoming projects. The company Read More →

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