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Latest

Salem Media Group back in the black for first quarter

By   /  Thursday, May 6th, 2021  /  Banking & Finance, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Salem Media Group back in the black for first quarter

Salem Media Group announced growing revenue, declining costs and a reversal of last year’s losses when it released its first quarter financial earnings on May 6. The Irving, Texas-based conservative media company, which retains significant operations at its former headquarters in Camarillo, had $300,000 in net income for the quarter, or 1 cent per diluted Read More →

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Latest

PennyMac earnings up as mortgage boom continues

By   /  Thursday, May 6th, 2021  /  Banking & Finance, Banking Industry, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on PennyMac earnings up as mortgage boom continues

PennyMac Financial Services reported a higher net income and revenue in the first quarter, as well as a cash dividend, when it announced its latest earnings on May 6. The Westlake Village-based mortgage lender and loan servicer recorded net income of $376.9 million, or $5.15 per share, on revenue of $944.7 million. For the first Read More →

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Montecito Bank & Trust tops $2B in assets

By   /  Thursday, May 6th, 2021  /  Banking & Finance, Banking Industry, Latest news, South Coast, Tri-County Economy  /  Comments Off on Montecito Bank & Trust tops $2B in assets

Montecito Bank & Trust’s assets grew by almost half a billion dollars in the past year, with strong deposit and loan growth, the bank said in its May 6 first-quarter earnings release. The Santa Barbara-based bank is the largest financial institution based in the tri-county region. Its assets topped $2 billion at the end of Read More →

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Latest

Lori’s Lemonade wins gold

By   /  Wednesday, May 5th, 2021  /  Latest news, Small Business, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Lori’s Lemonade wins gold

Lavender Lemonade, a product by Ventura-based Lori’s Original Lemonade, won a gold award in the Specialty Food Association’s 2021 sofi Awards. The lemonade was one of 130 winners across 49 categories, announced May 5. There were almost 1,500 entrees, and the entrees were judged in an anonymous sampling for taste, ingredient quality and innovation. Lori Read More →

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Latest

MIT to drop affiliation with Central Coast Enterprise Forum

By   /  Wednesday, May 5th, 2021  /  Central Coast, East Ventura County, Latest news, right, South Coast, Startups, Technology, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on MIT to drop affiliation with Central Coast Enterprise Forum

The Massachusetts Institute of Technology Enterprise Forum Global will be closing its program effective June 30 and is asking all of its affiliated chapters, including the Central Coast chapter, to discontinue all association with the brand.  The news came in an April 30 email to Enterprise Forum chapters from the CEO of MIT Technology Review, Read More →

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Inogen reports big drop in losses in Q1

By   /  Tuesday, May 4th, 2021  /  Banking & Finance, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Inogen reports big drop in losses in Q1

Inogen, a medical device company specializing in portable oxygen concentrators, saw a slight dip in revenue in the first quarter of 2021, but shrinking losses and continued growth in its new focus area of device rentals. The Goleta company reported its first quarter earnings after the markets closed May 4, and highlighted revenue for the Read More →

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Latest

Arcutis shares down after earnings report

By   /  Tuesday, May 4th, 2021  /  Banking & Finance, Biotech, Earnings, East Ventura County, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Arcutis shares down after earnings report

Westlake Village-based Arcutis Biotherapeutics suffered a net loss in the first quarter of fiscal year 2021, but continues to hold a strong financial position with $446.5 million in assets. According to earnings released May 4, Arcutis lost $36 million in the first quarter, or 76 cents per share, compared to a loss of $28 million, Read More →

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