Investment firm asks Deckers Brands to explore sale
Earnings, Latest news, Tri-County Public CompaniesAn investment firm that owns a 3.3 percent stake in Deckers Brands wants the Goleta-based shoe company to explore options for seeking a sale or merger. In a letter dated March 27, Santa Monica-based Red Mountain Capital Partners said it was concerned about the “persistent underperformance” of Deckers’ stock. Red Mountain managing partners Willem Mesdag Read More →
Clean Diesel Technologies reports $23.5 million net loss
Earnings, Latest news, Technology, Tri-County Public CompaniesClean Diesel Technologies reported a $23.5 million net loss March 31, equal to $3.84 per share, for its fiscal year 2016, on revenues of $36.8 million, down 7 percent from $39.7 million in 2015. Fourth quarter revenues for the Oxnard maker of vehicle products fell from $9.7 million in 2015 to $8.6 million in 2016, Read More →
Goleta-based Resonant reports net losses grew in 2016
Earnings, Latest news, Technology, Tri-County Public CompaniesNet losses widened in 2016 for mobile device filter designer Resonant, based in Goleta, from $9.72 million in 2015 to $15.25 million, the company announced March 30. Resonant brought in $302,000 in revenues for the year, compared to none in 2015, but total operating expenses grew 60 percent year-over-year to $15.59 million. Net losses per Read More →
FDA fast tracks Amgen’s Blincyto leukemia drug
Health Care & Life Science, Latest news, TechnologyThousand Oaks-based biotech giant Amgen announced March 29 that the U.S. Food and Drug Administration has fast-tracked the company’s leukemia drug Blincyto for priority review. The drug increases the length of survival among high-risk patients, according to a study released by the New England Journal of Medicine. It almost doubled median overall survival versus chemotherapy among adult patients Read More →
MindBody acquires dynamic pricing technology company
Central Coast, Latest news, Technology, Tri-County Public CompaniesBusiness management software company MindBody, based in San Luis Obispo, announced March 29 that it had acquired early-stage Southern California yield management company Lymber Wellness. Lymber uses MindBody’s application program interface platform to support adjustable pricing strategies for wellness-based businesses. The technology changes the prices for classes and appointments based on availability, similar to dynamic Read More →
Pacific Premier shareholders approve acquisition of Heritage Oaks
Banking & Finance, Banking Industry, Central Coast, Latest newsPacific Premier Bancorp shareholders have voted to approve the acquisition of Paso Robles-based Heritage Oaks Bancorp, Pacific Premier said March 28. The all-stock deal, announced Dec. 13, is valued at $405.6 million or $11.68 per share. It combines the region’s largest bank, with $2 billion in assets, and Pacific Premier, which has $3.8 billion in assets, Read More →
PathPoint CEO Cynthia Burton retiring
Latest news, NonprofitsAfter 23 years as president and CEO, Cynthia Burton announced March 27 that she will retire from PathPoint in the summer of 2017. Burton spent seven years with organization, which provides training and support services to people with disadvantages or disabilities, before assuming the role of CEO in 1994. Since then, PathPoint has expanded to Read More →
