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LTC Properties reports income drop

By   /  Friday, April 30th, 2021  /  Banking & Finance, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on LTC Properties reports income drop

LTC Properties saw its net income drop almost 80% in a year as it missed estimates and saw decreased rental income. The Westlake Village-based real estate investment trust, which specializes in health care and senior living properties, reported $13.6 million in net income, or 35 cents per diluted share, for the first quarter of 2021. Read More →

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Thousand Oaks biotech firm closes $140M funding round

By   /  Thursday, April 29th, 2021  /  Biotech, East Ventura County, Latest news, Startups, Technology, Tri-County Economy  /  Comments Off on Thousand Oaks biotech firm closes $140M funding round

Capsida Biotherapeutics, a biotechnology startup based in Thousand Oaks, announced April 29 that it is emerging from “stealth mode” with a $140 million funding round led by Westlake Village BioPartners and Versant Ventures. The Series A round includes $50 million from Westlake Village BioPartners, a venture capital firm in Thousand Oaks focused on biotech startups Read More →

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Teledyne shares up on earnings news as Flir acquisition draws nearer

By   /  Wednesday, April 28th, 2021  /  Banking & Finance, Earnings, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Teledyne shares up on earnings news as Flir acquisition draws nearer

Teledyne Technologies saw growth in nearly all markets during the first quarter of 2021, helping the company beat expectations and deliver positive results on its first earnings report of the year. Teledyne, a Thousand Oaks-based industrial and scientific conglomerate, reported an adjusted earnings per share of $3.02 for the first quarter of 2021, beating Zacks’ Read More →

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Amgen stock tumbles after earnings report

By   /  Tuesday, April 27th, 2021  /  Banking & Finance, Biotech, Earnings, East Ventura County, middle, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen stock tumbles after earnings report

Editor’s note: This article was updated at 8:35 a.m. on April 28 with up-to-date information on Amgen’s stock price. Amgen’s shares fell nearly 8% following the company’s April 27 release of its first quarter 2021 earnings, which saw a decline in both revenue and net income compared to a year earlier. Amgen is headquartered in Read More →

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PureSpectrum closes $17M funding round

By   /  Tuesday, April 20th, 2021  /  East Ventura County, Latest news, Startups, Technology, Tri-County Economy  /  Comments Off on PureSpectrum closes $17M funding round

PureSpectrum, an online market research company based in Westlake Village, recently secured $17 million in Series B funding from Arthur Ventures, a Minneapolis-based growth equity firm. The company connects researchers with online survey respondents. It grew out of Hub101, California Lutheran University’s entrepreneurial coworking space, and in the five years since it was created has Read More →

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‘A flawless flight’ for AeroVironment’s Mars drone

By   /  Monday, April 19th, 2021  /  Banking & Finance, East Ventura County, Latest news, Technology, Top Stories, Top Story, Tri-County Economy, Tri-County Public Companies  /  Comments Off on ‘A flawless flight’ for AeroVironment’s Mars drone

Ingenuity, a helicopter drone developed by Simi Valley-based AeroVironment, made history early in the morning of April 19, becoming the first man-made aircraft to fly on another planet, according to the National Aeronautics and Space Administration. “Goosebumps,” MiMi Aung, NASA’s project manager for Ingenuity, said during a press conference while looking at a video of Read More →

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AeroVironment’s drone still grounded on Mars

By   /  Friday, April 16th, 2021  /  Banking & Finance, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on AeroVironment’s drone still grounded on Mars

Ingenuity, the helicopter drone developed by Simi Valley-based AeroVironment, has had its first experimental flight on Mars delayed after an error sequence during testing, according to the National Aeronautics and Space Administration. Ingenuity, which landed on Mars on the Perseverance rover in February, was scheduled for its first takeoff on April 11. NASA first rescheduled Read More →

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