March 14, 2024
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Net losses up at Resonant in Q3

By   /  Thursday, November 11th, 2021  /  Banking & Finance, Earnings, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on 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 →

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Sientra misses earnings expectations but shares still gain after Q3 report

By   /  Thursday, November 11th, 2021  /  Banking & Finance, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on 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 →

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Glass House reports revenue growth but more losses as it converts massive Camarillo greenhouses

By   /  Thursday, November 11th, 2021  /  Agribusiness, Banking & Finance, Earnings, Latest news, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on 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 →

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MannKind reports higher revenue, lower losses in Q3

By   /  Wednesday, November 10th, 2021  /  Banking & Finance, Earnings, East Ventura County, Health Care & Life Science, Latest news, right, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on MannKind reports higher revenue, lower losses in Q3

MannKind Corp. reported a substantial rise in revenue and a shrinking net loss in the third quarter of 2021 on Nov. 9, despite news since the quarter ended that the U.S. Food and Drug Administration will not yet approve a hypertension treatment the company is developing with United Therapeutics. MannKind, a Westlake Village-based biotechnology company Read More →

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Olaplex reports rising income and revenue in first post-IPO earnings report

By   /  Wednesday, November 10th, 2021  /  Banking & Finance, Earnings, Latest news, left, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Olaplex reports rising income and revenue in first post-IPO earnings report

The Montecito-based hair care products company Olaplex released what it called a “strong” third-quarter earnings report on Nov. 10, its first quarterly report since the company’s initial public offering in September. Olaplex was founded in Santa Barbara using technology developed by UC Santa Barbara chemists and went public on Sept. 30, the same day its Read More →

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AppFolio reports small loss for Q3

By   /  Wednesday, November 10th, 2021  /  Banking & Finance, Earnings, Latest news, Real Estate, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on AppFolio reports small loss for Q3

AppFolio, a Goleta-based property management software company, fell just short of breaking even during the third quarter of 2021, missing analysts’ expectations despite delivering a slight revenue beat. AppFolio, which has seen earnings decline in each of the past three quarters, delivered a net loss of $101,000 in the third quarter of 2021, down from Read More →

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Procore’s revenue and losses both grew in Q3

By   /  Tuesday, November 9th, 2021  /  Banking & Finance, Earnings, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Procore’s revenue and losses both grew in Q3

Carpinteria-based Procore Technologies moved up from No. 880 last year to No. 697 this year. (Nik Blaskovich)

Carpinteria-based Procore Technologies saw its losses continue to mount but its revenue continue to accelerate when the company released its financial results for the third quarter of 2021 on Nov. 4. Procore, a construction software management company, had revenue increase 30% year-over-year, to $132 million in the third quarter of 2021, as the company lso Read More →