Procore posts loss in first post-IPO quarter
Banking & Finance, Earnings, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public CompaniesIn its first earnings report since going public, Procore Technologies, a Carpinteria-based software company for the construction industry, delivered record revenue growth, but rising operating costs hurt overall earnings. Revenue rose 27.7% for the quarter ended June 30, the company reported on Aug. 5. Procore generated $122.8 million, up from $96.5 million in the same Read More →
Inogen shares plummet after news of supply chain problems
Banking & Finance, Earnings, Health Care & Life Science, Latest news, middle, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public CompaniesShares of the Goleta-based medical device company Inogen dropped by 27% on Aug. 5, the day after the company released its second quarter 2021 earnings. Though the maker of portable oxygen concentrators saw big increases in both revenue and earnings, uncertainty brought on by the semiconductor chip shortage led to a huge selloff of Inogen Read More →
Inogen sees revenue growth, but stock declines after report
Banking & Finance, Earnings, Health Care & Life Science, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public CompaniesInogen, a Goleta-based medical device company specializing in portable oxygen concentrators, is starting to see its core business come back from the pandemic, and the company highlighted double-digit year-over-year growth in both earnings and revenue in its second quarter financial results, released Aug. 4. The company more than doubled its net income for the quarter Read More →
Houweling’s Tomatoes will become state’s biggest cannabis greenhouse
Agribusiness, Latest news, right, Top Stories, Tri-County Economy, West Ventura CountyHouweling’s Tomatoes is closing its 125-acre Camarillo greenhouse and selling the facility to a cannabis grower — a deal made possible by a Ventura County ballot measure last year that was sponsored and supported by a company affiliated with Houweling’s. Houweling’s, an indoor tomato and cucumber grower that has been in the Camarillo area since Read More →
Houweling’s to close Camarillo greenhouse, lay off 486 workers
Agribusiness, Latest news, right, Top Stories, Tri-County Economy, West Ventura CountyHouweling’s Tomatoes, an indoor tomato and cucumber grower based in Camarillo, will lay off nearly 500 employees and will cease operations by the end of September, according to a notice filed with the state of California and county of Ventura. California’s Worker Adjustment and Retraining Notification Act, or WARN, requires companies to notify state and Read More →
Amgen reports Q2 earnings decline
Banking & Finance, Earnings, East Ventura County, Health Care & Life Science, Latest news, Tri-County Economy, Tri-County Public CompaniesAmgen saw a 73% decline in net earnings in the second quarter of 2021, the company announced Aug. 3. Thousand Oaks-based Amgen, one of the world’s largest biotechnology companies, reported earnings per share of 81 cents for the quarter ended June 30, down from $3.05 per share in the same quarter last year. According to Read More →
Transphorm closes deal in Japan
Banking & Finance, Earnings, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public CompaniesGoleta-based Transphorm announced the close of its acquisition of a Japanese-based water fabrication company on Aug. 2, alongside its new joint venture capital partner, JCP Capital. The facility, located in Aizu Wakamatsu, Japan, is considered to be the premier wafer manufacturing fab in the world for high-voltage gallium nitride power semiconductors, according to a press Read More →
