Philanthropists honored in San Luis Obispo
Central Coast, Latest news, NonprofitsMore than 150 community leaders turned out at the Madonna Inn on Nov. 15 as the 2nd annual San Luis Obispo County National Philanthropy Day Awards honored two of the region’s high tech pioneers. Bert and Candee Forbes, who founded and owned Ziatech until its sale to Intel in 1999, shared Philanthropist of the Year Read More →
Oxnard apartment complex sells for $30.7 million
Latest news, Real EstateA 168-unit multifamily development in Oxnard was purchased for $30.7 million. Los Angeles-based real estate investment firm JRK Property Holdings acquired the property at 2444 Alvarado St. near the open-air shopping center The Collection from a private investor, marking its second multifamily acquisition in Oxnard over the past two years. Rancho Solana borders the RiverPark Read More →
OCB Bancorp income grows during third quarter
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesIn its third 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 $851,000, or 37 cents per share, up from $622,000 last year. Total loans increased by $42 million, or 26 percent, to hit Read More →
Qualstar boosts revenue, narrows loss in third quarter
Earnings, Latest news, Tri-County Public CompaniesSimi Valley-based Qualstar Corp. reported a 15 percent increase in revenue in its third quarter earnings report. The data storage manufacturer had $2.7 million in revenue, up from $2.3 million in the same period last year. Its net loss totaled $53,000, or a 3 cent loss per basic and diluted share, compared to net loss of $1.5 million, or a 71 cent Read More →
Amgen’s Humira biosimilar delayed, Enbrel approved
Health Care & Life Science, Latest news, TechnologyAmgen’s Humira biosimilar Amjevita will be delayed at least through 2017 due to litigation by competitor AbbVie. The maker of Humira filed a patent infringement claim against Amgen on Aug. 4, alleging that the drug also violates the Biosimilar Price Competition and Innovation Act. Amgen was approved to market its biosimilar Sept. 23 by the Read More →
Resonant’s third quarter losses grow
Earnings, Latest news, Technology, Tri-County Public CompaniesGoleta-based Resonant reported a $4 million net loss, or a loss of 39 cents per diluted share, for the third quarter of 2016, up from a $2.9 million — or 40 cents per diluted share — loss in 2015. Revenues from contracts with four customers were $25,000 for the quarter ended Sept. 30. General and Read More →
Third quarter income down at The Trade Desk
Earnings, Latest news, Tri-County Public CompaniesThe Trade Desk announced third quarter net income of $3.6 million, or 6 cents per share, down from $4.6 million and 10 cents per share for the same period last year. The Ventura advertising technology platform provider earned $73.6 million after costs in its initial public offering Sept. 21 and issued new product features, including Read More →
