Calavo reports net loss, revenue decline
Agribusiness, Banking & Finance, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura CountyCalavo Growers reported a 24.7 percent decline in revenue and a net loss of $15.6 million, or 89 cents per share, for its fiscal third quarter, as it adapted to lower avocado prices and took a loss on its investment in FreshRealm, its meal-kit delivery venture. Calavo, based in Santa Paula, said total revenue for Read More →
AppFolio to sell legal unit for $193M
Banking & Finance, Latest news, Law & Goverment, Real Estate, South Coast, Technology, Tri-County Economy, Tri-County Public CompaniesIn a move that reflects a shifting landscape for the software business, Goleta-based AppFolio said Sept. 8 that it is selling its MyCase legal practices suite of services for $193 million to a group of private equity funds. The all-cash deal concentrates AppFolio’s services in the real estate management field, where it has carved out Read More →
New face at Cal Lutheran as Varlotta takes president
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Montecito man gets 3 years for stock fraud scheme
Latest news, Law & Goverment, South Coast, Tri-County EconomyEfstratios “Elias” Argyropoulos of Montecito was sentenced Aug. 31 to three years in federal prison for defrauding 130 investors out of more than $3.4 million, federal prosecutors announced. Argyropoulos was the president and sole shareholder of the financial services firm Prima Ventures from 2010 to 2015. During that time, he told investors he had the Read More →
Direct Relief benefits from settlement over overpriced, counterfeit masks
Health Care & Life Science, Latest news, Law & Goverment, NonprofitsAmazon and 3M teamed up to fight back against sellers who price-gouge essential personal protective equipment supplies, and they’re donated the results of that lawsuit to Direct Relief, the Santa Barbara-based nonprofit. 3M filed the lawsuit June 8, asserting that third-party sellers used Amazon to defraud customers by misrepresenting the condition of fake respirators, as Read More →
Region’s companies well represented on Inc. 5000 fastest-growing list
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Revenue up at Semtech, down at QAD
Banking & Finance, Earnings, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura CountyTwo of the region’s top technology companies reported second quarter earnings on Aug. 26, with results underscoring how the Internet of Things and cloud computing are transforming established players in semiconductors and software. Camarillo-based Semtech Corp, with a market cap of slightly more than $4 billion, said sales for the second quarter were $143.7 million, Read More →
