June 28, 2022
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Sonos reports loss for quarter but record annual revenue

By   /  Thursday, November 18th, 2021  /  Banking & Finance, Earnings, Latest news, middle, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Sonos reports loss for quarter but record annual revenue

Santa Barbara home audio company Sonos beat analysts’ expectations with its fourth-quarter earnings and also delivered record revenues for its 2021 fiscal year, but supply chain issues could spoil the first half of 2022, the company said. Sonos reported a net loss of $8.7 million in the quarter ended Sept. 30, according to results released Read More →

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WEV wins $50K Bank of America grant for equity programs

By   /  Thursday, November 18th, 2021  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Nonprofits, South Coast, Tri-County Economy, West Ventura County, Women Inc.  /  Comments Off on WEV wins $50K Bank of America grant for equity programs

Women’s Economic Ventures received $50,000 in grant funding from Bank of America’s philanthropic program to help underrepresented entrepreneurs on the Central Coast. The grant, announced by the Santa Barbara-based nonprofit on Nov. 17, will be used to advance a micro-grant and entrepreneurial training pilot program it launched recently in partnership with an Oxnard-based nonprofit supporting Read More →

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Real Estate: Hotel Californian was Santa Barbara’s biggest hotel sale in years

By   /  Friday, November 12th, 2021  /  Columns, Latest news, Real Estate, South Coast, Subscriber content, Top Stories, Tourism, Tri-County Economy  /  Comments Off on Real Estate: Hotel Californian was Santa Barbara’s biggest hotel sale in years

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Goleta plans to sue UCSB over housing

By   /  Friday, November 12th, 2021  /  Higher Education, Latest news, Real Estate, South Coast, Subscriber content, Top Stories, Tri-County Economy  /  Comments Off on Goleta plans to sue UCSB over housing

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Economist: Return of international travelers could strain hospitality industry

By   /  Friday, November 12th, 2021  /  Central Coast, Latest news, middle, South Coast, Top Stories, Tri-County Economy  /  Comments Off on 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 →

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Transphorm reports profitable quarter, big revenue growth

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

Latest

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 →