Limoneira revenues fell, loss grew in first quarter
Santa Paula-based Limoneira reported a loss of about $4 million and revenues fell $3 million in first quarter earnings results the company released March 10. Revenues fell from $28 million during the first quarter of 2015 to $25 million in 2016. Net losses widened from $1.4 million in 2015 to $3.9 million in 2016. Losses Read More →
QAD revenues and profits fell in fourth quarter and fiscal year 2016
Santa Barbara software developer QAD’s revenues and profits fell, the company reported in fourth quarter and fiscal year 2016 earnings results March 10. Fourth quarter revenues fell from $79.6 million in 2015’s fourth quarter to $69.3 million in 2016. Gross profits fell from $45.7 million to $38.4 million. QAD hit analyst revenue estimates of $69 Read More →
Amid losses, Sientra makes an acquisition
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State’s housing prices too high for middle-income residents
A housing shortage is driving the middle class out of California. Several reports from Next 10 and Beacon Economics illustrated the state’s growing housing to jobs imbalance. Housing prices will continue to climb unless cities and counties increase residential densities and streamline the permitting process, according to the reports. More people are leaving the state Read More →
Tri-county nonprofits, health groups initiate dialogue
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Coastal housing groups help workers buy or rent
Live near work. It’s a concept that’s vexed tri-county businesses as they’ve struggled to recruit and retain employees. The Santa Barbara-based Coastal Housing Partnership has made a name for itself by helping the region’s employees buy homes and rent apartments near their jobs. The nonprofit works with about 50 business owners who pay an annual Read More →
Higher education faces disruption because of technology
Business scholar and consultant Clayton Christensen coined the phrase “disruptive innovation” in the 1990s to describe a breakthrough that reshapes a market and displaces its leading firms. Twenty years later, “disruption” might be the defining theory of the modern economy. Print newspapers, brick-and-mortar retail and taxis have been some of its chief victims. On a Read More →
