March 26, 2024

		


| Monday, August 8th, 2016

AppFolio second quarter revenues up, net loss down

Earnings, Latest news, Technology, Tri-County Public Companies

AppFolio raised its financial outlook for the year as revenues increased sharply and losses narrowed in the second quarter, the company said Aug. 8. AppFolio, a Goleta-based developer of property management software for small- to medium-sized property managers, raised full-year financial-guidance estimates to a range between $103 million and $105 million Aug. 8. Previous estimates Read More →

| Monday, August 8th, 2016

Inphi’s second quarter revenues soar

Earnings, Latest news, Technology, Tri-County Public Companies

Inphi saw revenues rise during the second quarter as it sold off its memory products business. On June 30, Inphi announced it would sell its memory products business to Sunnyvale-based Rambus. Inphi said revenues rose from $49.4 million in 2015 to $60.5 million during the second quarter of 2016 when revenues from the memory business Read More →

| Monday, August 8th, 2016

OCB Bancorp’s second quarter net income up over last year

Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies

In its second quarter earnings report, OCB Bancorp — parent company of Ojai Community Bank, Santa Barbara Community Bank, Ventura Community Bank and Santa Paula Community Bank — reported net income year-to-date of $516,000, or 25 cents per share, up from $372,000 last year. “Loans also continue to grow, increasing approximately $49 million since June Read More →

| Monday, August 8th, 2016

Santa Barbara’s Aurrion acquired for $165 million

Latest news, Technology

Sunnyvale-based Juniper Networks announced Aug. 4 in a quarterly filing with the Securities and Exchange Commission it acquired Santa Barbara-based silicon photonic chip maker Aurrion for $165 million. Aurrion makes components that transmit information quickly using cheap, easily mass-produced silicon wafers. UC Santa Barbara professor John Bowers founded Aurrion in 2008 and the company quickly Read More →

| Friday, August 5th, 2016

Abbvie sues Amgen to block sales of Humira biosimilar

Health Care & Life Science, Latest news, Law & Goverment, Technology

Thousand Oaks-based biotech giant Amgen faces a lawsuit seeking to block it from selling a biosimilar of AbbVie’s popular Humira. The rheumatoid arthritis medicine is Abbvie’s best seller. Sales were up 17 percent in the second quarter to $4.15 billion and accounted for 61 percent of AbbVie’s 2015 revenue. Abbvie claims Amgen’s proposed copy would Read More →

| Friday, August 5th, 2016

UCSB’s John Bowers wins 2017 Photonics Award

Energy, Higher Education, Latest news, Technology

UC Santa Barbara electrical and computer engineering professor John Bowers was awarded the 2017 Photonics Award from the Institute of Electrical and Electronics Engineers on Aug. 3. Bowers, who has been at UCSB since 1987, helps lead UCSB’s institute for energy efficiency, which is known for making significant scientific breakthroughs. The award recognizes his “pioneering Read More →

| Thursday, August 4th, 2016

Inogen’s second quarter revenues, profits way up

Earnings, Latest news, Technology, Tri-County Public Companies

Inogen revenues increased 24 percent and profits increased 48 percent, the company said when it released second quarter earnings results Aug. 4 Revenues for the Goleta-based maker of direct-to-consumer respiratory products increased 24 percent from $44 million during the second quarter of 2015 to $54.57 million in 2016, beating analyst revenue estimates of $52.44, million Read More →