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 →
Interlink Electronics income up for third quarter
Earnings, Latest news, Tri-County Public CompaniesInterlink Electronics in Westlake Village announced a 22.7 percent increase in revenues for its third quarter to $3.2 million, with earnings per basic and diluted share of 8 cents. Net income for the quarter rose from $458,000 in the third quarter last year to $614,000 in the third quarter this year, a 34 percent gain. Read More →
Ventura County lagging in job growth
East Ventura County, Latest news, Tri-County Economy, West Ventura CountyUpdated at 5:20 p.m. Nov. 10: Ventura County is the only region in Southern California that has not reached pre-recession job levels, according to research from Cal Lutheran University’s Center for Economic Research and Forecasting. Ventura is still 2,600 jobs shy from its pre-recession high and it is possible the job market has peaked, the Read More →
