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Transphorm reports loss, closes $5M in new financing

By   /  Monday, August 16th, 2021  /  Banking & Finance, Earnings, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Transphorm reports loss, closes $5M in new financing

Goleta-based Transphorm saw net losses continue to mount in its most recent quarter, according to financial results released Aug. 16. Transphorm, a supplier of gallium nitride power conversion products, reported a loss of $7.1 million, or 17 cents per share, in the first quarter of 2021-22, bigger than its net loss of $6.6 million, or Read More →

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Sonos wins patent dispute with Google

By   /  Monday, August 16th, 2021  /  Banking & Finance, Latest news, left, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Sonos wins patent dispute with Google

A judge from the U.S. International Trade Commission ruled in favor of Santa Barbara based Sonos on Aug. 13, finding that Alphabet Inc’s Google infringed upon five of Sonos’ patents for wireless speakers and related technology. Judge Charles E. Bullock did not give a reason for the decision but the ruling did find that Google Read More →

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Street Smarts: What’s in a name? For Port Hueneme, perhaps a beach

By   /  Friday, August 13th, 2021  /  Columns, Latest news, Subscriber content  /  Comments Off on Street Smarts: What’s in a name? For Port Hueneme, perhaps a beach

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AppFolio earnings decline again

By   /  Monday, August 9th, 2021  /  Banking & Finance, Earnings, Latest news, Real Estate, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on AppFolio earnings decline again

AppFolio, a Goleta-based property management software developer, saw earnings per share drop sharply for the second consecutive quarter, in financial results for second quarter of 2021, released after the markets closed Aug. 9. Net income for AppFolio was at $2 million for the quarter ended June 30, down from $19.2 million in the same quarter Read More →

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Velocity shares rise after earnings beat

By   /  Friday, August 6th, 2021  /  Banking & Finance, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Velocity shares rise after earnings beat

Velocity Financial saw its net income rise in its second quarter financial earnings, beating estimates. The Westlake Village-based mortgage firm had net income of $9.45 million, or 28 cents per share, well above analysts’ estimates of around 15 cents per share. Velocity Financial more than tripled its net income from the same time a year Read More →

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Good Works: Amgen contributes to homelessness relief; Bayer Fund gives for Ventura County blood drives

By   /  Friday, August 6th, 2021  /  Latest news, Nonprofits  /  Comments Off on Good Works: Amgen contributes to homelessness relief; Bayer Fund gives for Ventura County blood drives

The United Way of Ventura County has received a $100,000 grant from The Amgen Foundation for the second time since 2019, to support the United Way’s United to End Homelessness Initiative. The United to End Homelessness Initiative is a landlord engagement program in Ventura County. The program’s goal is to prevent homelessness by increasing the Read More →

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Street Smarts: Santa Maria Chamber awards; Cowboys return to Oxnard; City Hall veteran runs for SB City Council

By   /  Friday, August 6th, 2021  /  Columns, Latest news, Subscriber content  /  Comments Off on Street Smarts: Santa Maria Chamber awards; Cowboys return to Oxnard; City Hall veteran runs for SB City Council

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