Third quarter income down at The Trade Desk
The 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
Interlink 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
Updated 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 →
Sientra loses $10 million in third quarter
Sientra reported a net loss of $10 million for the third quarter of 2016, ended Sept. 30, and announced the acquisition of a new line of products. Sales for the Goleta-based breast implant manufacturer fell from $9.9 million in the third quarter of 2015 to $6.5 million this quarter, while operating expenses rose 15.3 percent. Read More →
Medical marijuana collective raided, CEO arrested
Sespe Creek Collective, one of the tri-county region’s biggest and most visible medical marijuana providers, was raided by Ventura County law enforcement agencies on Nov. 3 and its CEO was arrested on suspicion of multiple felonies. Chelsea Sutula of Ventura, who runs Sespe Creek, spent the night in jail and is now free on bail. Read More →
Fess Parker DoubleTree has new general manager
Michael Dunne, area vice president for California at Hilton Hotels Worldwide, announced the appointment of Neil Poisson as general manager of Santa Barbara’s Fess Parker DoubleTree Resort. In his new role, Poisson will oversee 300 employees in day-to-day operations at the hotel, including guest services, food and beverage, sales and marketing, revenue management, operations and Read More →
AppFolio revenue up as company gets closer to profitability
Santa Barbara cloud software firm AppFolio is edging closer to profitability. Third quarter results from the business-to-business software firm released Nov. 7 show an increase in revenue to $28.2 million or 39 percent above the previous year’s quarter. The company lost $1.1 million on GAAP-based accounting but AppFolio’s non-GAAP numbers showed a $200,000 profit and Read More →
