Clean Diesel second quarter revenues down but profits up
Earnings, Latest news, Tri-County Public CompaniesRevenues were down for Clean Diesel Technologies but the company still recorded increases in profits and earnings per share when the company released second quarter earnings Aug. 15. Clean Diesel revenues fell during the quarter from $9.9 million in 2015 to $8.4 million in 2016. Despite this, income increased from a net loss of $2.4 Read More →
Westlake Village startup PureSpectrum raises $1.6 million
East Ventura County, Latest newsPureSpectrum, a Westlake Village startup that creates surveys for companies seeking reliable data from survey participants, raised $1.6 million July 21, it announced in an Aug. 12 news release. Entrepreneur Michael McCrary started working full-time on the project in December. This spring he joined the California Lutheran University Center for Entrepreneurship’s Hub 101 incubator, which Read More →
Cunningham, Ortiz-Legg vie for Assembly seat
Central Coast, Latest newsEditor’s note: The Pacific Coast Business Times chose five contested tri-county races in the November election to feature in a Q&A format. Each candidate was asked the same four questions about business, housing and the economy. Jordan Cunningham is the Republican candidate and Dawn Ortiz-Legg is the Democratic candidate for the 35th District Assembly seat. Read More →
AeroVironment drones tested, destroyed by Navy
Latest news, TechnologyAeroVironment, a Monrovia-based company with major operations in Simi Valley, had several small drones tested and destroyed by the U.S. Navy in a recent test. AeroVironment made the announcement in a news release Aug. 11. On Aug. 3, the Navy used AeroVironment’s RQ-20B Puma in a test on the small destroyer USS Monsoon in the Read More →
Proposal to close Diablo Canyon submitted to California Public Utilities Commission
Energy, Latest newsParties that drafted the joint proposal to close the Diablo Canyon Power Plant formally submitted it to the California Public Utilities Commission on Aug. 11. On June 21, Pacific Gas & Electric announced plans to close the aging nuclear power plant near Avila Beach by the end of 2025 and replace power produced by the Read More →
Companies Pitch at GEM Demo Day
Latest newsSix companies presented to investors, colleagues and friends Aug. 9 as the Goleta Entrepreneurial Magnet held a demo day for for regional companies. The Goleta Entrepreneurial Magnet held the event for six teams that finished its seven week G2 Summer Accelerator at the Bacara Resort & Spa Aug.n9 Among the teams that presented was Vibe; Read More →
Stellar Biotechnologies revenues up but losses grow
Earnings, Latest news, Technology, Tri-County Public CompaniesStellar Biotechnologies’ revenues increased slightly during the third quarter of 2016 but losses widened as the company signed a new partnership with a French company and held an offering for institutional investors, the company said in a quarterly earnings report Aug. 8. Stellar revenues increased slightly from $157,748 during the third quarter of 2015 to Read More →
