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American Riviera notes rising net income for 2022
American Riviera Bancorp reported a net income of $13.5 million or $2.37 per share for fiscal year 2022 a rise from $11.8 million or $2.09 per share for the same time period last year. The increase in net income in 2022 as compared to 2021 is mostly due to loan growth, increased interest income on Read More →
Read More →Community West Bancshares nets record earnings
Community West Bancshares reported a record net income of $13.4 million or $1.51 per share in fiscal year 2022, the firm said in its earnings announcement on Jan. 27. The company’s board of directors also declared an increase of its quarterly cash dividend by 6.7% to $0.08 per common share, payable on Feb. 28 to Read More →
Read More →QAD sees major expansion ahead with Redzone acquisition
Santa Barbara-based QAD has secured its second acquisition in as many months, this time purchasing Florida-based Redzone for a reported $1 billion, the software company announced Feb. 1. QAD, which provides cloud software for the manufacturing industry, did not disclose how much the deal was worth. However, according to Reuters, the deal is worth about Read More →
Read More →Reflection and gratitude from Sansum medical director
January 20th marked three years since the first laboratory-confirmed case of COVID-19 was detected in the United States, followed a few short months later with the World Health Organization and CDC’s declaration of a global pandemic. At the time, none of us could have imagined how much our lives would be upended, or for how Read More →
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Amgen reports drop in profit for fourth quarter
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Read More →Wine Buzz: Wine loses its way among consumers younger than 60
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Read More →Dubroff: The Central Coast has largely avoided scary tech layoffs
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Read More →Vital Signs: The labor market still lagging behind
Statistics from The California Labor Market Information Division’s December 2022 report showed a declining unemployment rate across all three counties on the Central Coast, but job creation is still lacking far behind, according to the Economic Development Collaborative. In Ventura County, only a net gain of 200 jobs was calculated for the month of December. Read More →
Read More →Real Estate View All →
Poinsettia Plaza sells for over $60 million
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Read More →Benn: Griffin Living sells Simi Valley retail center
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Read More →Benn: Inn at Avila Beach sold
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Read More →Benn: Goodwill location at Grover Beach reopening
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Read More →Benn: A pair of warehouses in SLO county sold to start new year
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Read More →Benn: Janss Marketplace secures $84.7 million in refi deal
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Read More →SB Downtown workforce housing proposed on State Street
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Read More →Tri-county jumbo loan limits rise in 2023
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Read More →Technology View All →
QAD sees major expansion ahead with Redzone acquisition
Santa Barbara-based QAD has secured its second acquisition in as many months, this time purchasing Florida-based Redzone for a reported $1 billion, the software company announced Feb. 1. QAD, which provides cloud software for the manufacturing industry, did not disclose how much the deal was worth. However, according to Reuters, the deal is worth about Read More →
Read More →Amgen reports drop in profit for fourth quarter
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Read More →Sonos launches new partnership with TuneIn
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Read More →Amgen to lay off 300 U.S. workers
Technology layoffs are now hitting the healthcare sector, as Amgen will be laying off 300 people in the United States, the company announced on Jan. 30. The Thousand Oaks-based biotechnology giant said that it is making organizational changes “mainly in our commercial team,” the company’s statement said. “We made these changes to better manage against Read More →
Read More →AppFolio beats revenue estimates
Goleta-based AppFolio beat analysts’ expectations in both earnings and revenue when it released its financial results for the fourth quarter on Jan. 26. AppFolio, a software company for the real estate industry, announced revenue worth $124.1 million in the fourth quarter, a 30% increase from the same quarter a year ago. But the company’s net Read More →
Read More →LogicMonitor names new C-Suite member
Santa Barbara-based LogicMonitor has announced Taggart Matthiesen as the company’s new Chief Product Officer, the company said in a Jan. 24 press release. Matthiesen joins LogicMonitor from Lyft, where he built and led the company’s autonomous driving initiatives, holding the title of vice president of product. Before that role, he also held various leadership positions Read More →
Read More →Next Energy powers up Patagonia’s HQ
Next Energy Technologies has spent the better part of a decade validating the science behind its proprietary solar panel window technology. But last week, the Goleta-based company received a different type of validation from one of the largest climate-positive companies in the world. On Jan. 19, Next announced it successfully installed its solar panel windows Read More →
Read More →Teledyne caps off strong year with record-breaking fourth quarter
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Read More →Health Care & Life Science View All →
Community Memorial rebrands to signal a new era
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Read More →Sientra announces reverse stock split to boost shares
Sientra, a medical aesthetics company focused on breast augmentation, announced on Jan. 20 that its board of directors approved a 1-for-10 reverse stock split of the company’s issued and outstanding common stock. The reverse stock split was effective as of 1 p.m. on Jan. 19 while the company’s common stock began trading on the Nasdaq Read More →
Read More →Sansum aims to set new standard of care for diabetes patients in 2023
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Read More →CRELY aims to detect problems early
Catching issues early is sometimes the best form of medicine there is. With enough time, power and resources, catching something early is the difference between life and death. For this medical-device startup out of Oxnard, catching something early is literally in its name. CRELY, a shorthand for credible, reliable, and early, was founded in 2018, Read More →
Read More →Inogen sees slight stock climb behind regulatory wins
Goleta-based Inogen saw its stock climb about 3% after the company achieved regulatory milestones in the European Union and the United States to support its products and shared its preliminary fourth quarter and full-year revenue results on Jan. 10. Inogen, a maker of portable oxygen containers, received European Medical Device Regulation certification from the British Read More →
Read More →Arcutis approves equity grants
Westlake Village-based Arcutis Biotherapeutics announced the grant of an aggregate of 17,050 restricted stock units of Arcutis’ common stock as well as options to purchase an aggregate of 33,550 shares of Arcutis’ common stock to five newly hired employees. The stock options have a ten-year term and an exercise price of $14.77 per share, equal to Read More →
Read More →Community Memorial Health adds CEO, Chief of Staff
Mick Zdeblick officially stepped into his new role as the CEO of Community Memorial Health on Jan. 9, replacing Gary Wilde, who retired after helming the position since 2004. Community Memorial Health, which offers a network of services throughout Ventura County, welcomes Zdeblick from Medford, Oregon, where he served as the CEO of Asante Rogue Read More →
Read More →Health Forecast: ‘Tripledemic’ a real concern to start 2023
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Read More →Agribusiness View All →
Wine Buzz: Wine loses its way among consumers younger than 60
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Read More →Limoneria cuts down debt with sale of Tulare property for $100M
The future of Santa Paula-based Limoneira came into sharper focus on Feb. 1 when the company sold a major agribusiness holding in the Tulare area for $100 million, recouping $99 million in cash while also reaching an agreement to grow, pack and market lemons produced on the property. PGIM Agricultural Investments, a unit of PGIM Read More →
Read More →Dole plc sells off fresh vegetables division for $293M
In a continued effort to pay down its debt, Westlake Village-based Dole plc has sold off its fresh vegetables division to an affiliate of Fresh Express Inc., a wholly-owned subsidiary of Chiquita Holdings, for $293 million. The sale is expected to close within the next two quarters, pending approval, Dole said in a press release. Read More →
Read More →Jordano’s Foodservice expands Goleta footprint
Goleta-based Jordano’s Foodservice, a family-owned broad line foodservice distributor, announced Jan. 11 that the company has increased its cooler distribution center. With the additional 27,000 square feet of cooler space, Jordano’s will be adding — bringing its total to nearly 140,000 square feet — the company will be expanding its presence in the region for Read More →
Read More →Torrential rainfall brings drought relief to Central Coast
Update: As of Jan. 12, no county in California is designated as an extreme drought area while locations that were in severe drought are down from 71% to 46%. Another storm has come and gone along the Central Coast — though another could be approaching soon — and luckily it seems the area has largely Read More →
Read More →Calavo shares down, but company’s optimism remains high for 2023
Shares of Santa Paula-based Calavo Growers faced another steep drop during the trading day Dec. 21, one day after the company’s fourth quarter and full-year earnings announcement. The company limped through the finish line in the fourth quarter, with both revenue and net income falling well below analysts’ expectations. It’s why Calavo’s stock fell as Read More →
Read More →Farming First expands Central Coast’s booming cannabis presence
The Central Coast has the potential to be the premier place to grow cannabis, especially if the federal market ever comes into play — that is what Will Terry believes. A fifth-generation farmer, Terry founded a new operation, Farming First Holdings in 2019 and invested his time, money, and effort into building a robust setup. Read More →
Read More →Apeel laying off 96 in second round of the year
Goleta-based Apeel Sciences will lay off a large portion of its workforce, mainly in the Santa Barbara County area, in its second major round of layoffs this year, the company has disclosed. Apeel will lay off a total of 96 employees from its Goleta office, according to a company filing with the state of California. Read More →
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