Mission Produce reports earnings drop in first post-IPO filing
Revenue and net income took a hit in the fourth quarter of 2020 for Oxnard-based Mission Produce, as the company released its first earnings report on Jan. 19 since its initial public offering in October. Mission Produce reported revenue totaling $206.8 million for the quarter ended Oct. 31, which was an 11% decrease from the Read More →
Dubroff: The inside story of how Southwest landed on the South Coast
When Henry Thompson returned to the West Coast just two years ago to take the helm of Santa Barbara Airport, it looked like most of the turbulence was in the rearview mirror. The region’s largest airport had lured back flights lost during the Great Recession and had just added Contour Airlines. The disruptions caused by Read More →
HLB-sniffing dogs find a home in Ventura County
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AeroVironment shares take off after $405M drone deal announced
Shares of Simi Valley-based drone company AeroVironment shot up more than 25% on Jan. 14, the day after the company announced a $405 million acquisition of a privately held military drone provider. AeroVironment is acquiring Arcturus UAV, a major provider of Group 2 and 3 unmanned aircraft systems to the U.S. military, for $405 million. Read More →
Allegiant to add Portland-Santa Maria flights
Allegiant Air will start flying between Santa Maria Airport and Portland, Oregon on April 15, the discount airline announced Jan. 12. Portland International is a new airport for Allegiant, which already offers direct flights from Santa Maria to Phoenix and Las Vegas. The Santa Maria-Portland flight was one of 21 new routes the airline unveiled Read More →
AppFolio building in Goleta sold
The three-building complex in Goleta that holds the AppFolio headquarters was sold, the commercial real estate firm CBRE announced Jan. 12. The 165,905-square-foot campus at 50-90 Castilian Drive was sold to Shopoff Realty Investments and Praelium Commercial Real Estate for an undisclosed amount, CBRE said. CBRE’s Sean Sullivan, Mike Longo, Todd Tydlaska and Will Pike Read More →
Second round of PPP loans headed to Tri-Counties
Another round of the federal Paycheck Protection Program opened Jan. 11, and the region’s bankers expect the money to help a lot of small businesses that have been struggling through the pandemic and pandemic-related restrictions. “We understand the urgency and the difficulty the business community is experiencing,” said George Leis, president of Montecito Bank & Read More →
