Limoneira narrows first quarter losses
Agribusiness, Earnings, Latest news, Tri-County Public CompaniesNet losses and operating losses for Santa Paula citrus grower Limoneira fell by almost half for the first quarter of fiscal year 2017, compared to the same period last year, on a 12 percent increase in revenue. Net loss applicable to common stock was $2.2 million for the quarter, down from $4.1 million in the Read More →
Former iPayment executives face embezzlement charges
Latest news, Law & Goverment, TechnologyThe U.S. Securities and Exchange Commission charged two former iPayment executives March 10 with causing an estimated $11.6 million in losses to the Westlake Village company through fraudulent accounting practices including false expense reimbursements and inflated invoices. Criminal charges were also brought by the U.S. Attorney’s Office for the Central District of California against the Read More →
Goleta’s Resonant expands licensing with customer
Latest news, TechnologyGoleta radio frequency front-end filter designer Resonant announced additional licensing with an existing customer March 9. The agreement provides for the development and licensing of two kinds of filters and a new design for Resonant called a Quadplexer, targeting the Chinese market. The products will use a Chip Scale Packaging design and the two filters Read More →
Santa Barbara’s Movegreen acquires Apollo Moving and Storage
Latest news, Small Business, South CoastSanta Barbara eco-friendly moving and storage company Movegreen announced its acquisition of Anaheim-based Apollo Moving and Storage, adding operations in Los Angeles, Orange, Riverside and North San Diego counties. The expansion follows the acquisition of Sheeler Moving and Storage in December, 2014, which doubled the company’s size at the time. Currently the third largest regional Read More →
Revenue up but net income down at Salem Media Group
Earnings, Latest news, Tri-County Public Companies, West Ventura CountyStory updated at 10:40 a.m. March 10: Salem Media Group, a Christian and conservative media company based in Camarillo, announced a decline in fourth quarter and full year net income, despite revenue increases. Revenues for the quarter ended Dec. 31 came to $70.7 million, up from $69.1 million for the fourth quarter of 2015. Full Read More →
Santa Barbara’s QAD reports $15.5 million net loss
Earnings, Latest news, Technology, Tri-County Public CompaniesSanta Barbara manufacturing software company QAD reported a $15.5 million net loss, or 84 cents per diluted Class A share for the fiscal year ended Jan. 31, as a result of a valuation allowance related to deferred tax assets. The valuation allowance was connected to the company’s investments in cloud technology, the March 9 earnings Read More →
Semtech reports skyrocketing net income
Earnings, Latest news, Technology, Tri-County Public CompaniesCamarillo semiconductor company Semtech announced $8 million in net income for the fourth quarter of its fiscal year 2017, up from $1.25 million for the same quarter last year. Full fiscal year 2017 net income came to $54.66 million, more than three times its net income for 2016. Earnings per share during the quarter rose Read More →
