Our View: Everyone will benefit when UCSB builds more housing
UC Santa Barbara is caught between a housing mandate and the controversial ideas of a billionaire donor. In a pair of moves that have provided plenty of fodder for headlines but little progress, Goleta announced plans to sue UC Santa Barbara, saying it has not fulfilled its pledge to provide housing for thousands of students Read More →
Opinion: REACH looks back and ahead
By Melissa James It’s a little funny looking back — though it wasn’t so funny at the time — that REACH was set to debut its 10-year regional economic action plan on March 16, 2020, the very day COVID-19 shut down our schools and communities. As a new economic action coalition serving the Central Coast, Read More →
Economist: Return of international travelers could strain hospitality industry
Reopening international travel to the United States might create some problems in Santa Barbara in wake of employment disruptions triggered by the pandemic, especially in the restaurant industry, economic Mark Schniepp said at a Nov. 11 economic forecast event. On Nov. 8, the U.S. lifted travel restrictions from specific countries and vaccinated international visitors entered Read More →
Transphorm reports profitable quarter, big revenue growth
Goleta-based Transphorm saw revenue increase for the seventh consecutive quarter and also reported a profit for the quarter ended Sept. 30. Transphorm, a supplier of gallium nitride power conversion products, reported net income of $6 million, or 15 cents per share, compared to a net loss of $7.1 million in the same quarter a year Read More →
Net losses up at Resonant in Q3
Net losses grew for Resonant in the third quarter of 2021, as the company announced an expanded multi-year agreement with its manufacturing partner. Resonant, which is based in both Santa Barbara and Austin, Texas, provides radio frequency filters for multiple applications, including 5G cellular devices. The company generated $400,000 in revenue for the third quarter, Read More →
Sientra misses earnings expectations but shares still gain after Q3 report
Goleta-based Sientra missed analysts’ expectations when it released financial results for the third quarter of 2021 on Nov. 10, posting a net loss when accounting for certain one-time factors such as the relief of its paycheck protection program loan. Sientra, a plastic surgery device company specializing in breast implants, had net income of $28.4 million Read More →
Glass House reports revenue growth but more losses as it converts massive Camarillo greenhouses
Glass House Brands, a cannabis grower in Santa Barbara and Ventura counties and retailer and wholesaler statewide, saw both its revenue and net losses grow in the third quarter. Glass House, which has its headquarters in Long Beach but most of its operations on the Central Coast, delivered revenue of $17.2 million in the third Read More →
