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Community Bank of Santa Maria reports income, asset growth

By   /  Monday, January 17th, 2022  /  Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Community Bank of Santa Maria reports income, asset growth

Community Bancorp of Santa Maria saw its net loans decline in the fourth quarter of last year, but reported increases in net income and total assets, reflecting what the bank called “significant growth” in 2021. The bank’s net income increased nearly 30%, from $2.209 million in the fourth quarter of 2020 to $2.85 million in Read More →

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Inogen shares drop despite projected revenue growth

By   /  Tuesday, January 11th, 2022  /  Banking & Finance, Central Coast Health Watch, Earnings, Latest news, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Inogen shares drop despite projected revenue growth

Goleta-based Inogen expects minor revenue growth in the fourth quarter of 2021 but major growth for the full fiscal year, according to preliminary estimates the company released Jan. 10. The portable oxygen concentrator manufacturer expects to see revenue in the range of $75.9 million to $76.9 million for the three months ended December 31, growth Read More →

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Limoneira reports growing revenue and shrinking losses for Q4

By   /  Monday, January 10th, 2022  /  Agribusiness, Earnings, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Limoneira reports growing revenue and shrinking losses for Q4

Limoneira ended its 2020-21 fiscal year on a strong note, with growing revenue and shrinking losses in the fourth quarter, the Santa Paula-based agribusiness announced Jan. 10. Limoneira — a grower and seller of lemons, avocados and other fruits and also a real estate developer — generated $33.5 million in revenue during the fourth quarter Read More →

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Sientra shares up after company releases 2021 revenue estimates

By   /  Monday, January 10th, 2022  /  Banking & Finance, Central Coast Health Watch, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Sientra shares up after company releases 2021 revenue estimates

The Goleta-based breast implant manufacturer Sientra expects growth in the fourth quarter of 2021 and estimates its “highest-ever breast products yearly revenue” of up to $81 million for the full year, the company said Jan. 10. Sientra reported that its preliminary unaudited revenue from operations for the fourth quarter of 2021 is expected to be Read More →

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Amgen inks drug development deal worth up to $1.9B

By   /  Friday, January 7th, 2022  /  Banking & Finance, Biotech, Central Coast Health Watch, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen inks drug development deal worth up to $1.9B

Thousand Oaks-based Amgen has reached an agreement with Generate Biomedicines, a Massachusetts-based therapeutics company, to research, discover and create protein therapeutics, the company announced Jan. 6. According to the agreement, Amgen, one of the largest biotech companies in the world, will pay $50 million up front to fund the initial five programs, with a potential Read More →

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2022 Forecast: Stock analysts break out crystal balls for region’s biggest companies

By   /  Friday, January 7th, 2022  /  Banking & Finance, Latest news, Subscriber content, Top Stories, Tri-County Public Companies  /  Comments Off on 2022 Forecast: Stock analysts break out crystal balls for region’s biggest companies

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Sonos wins ruling that Google violated its patents

By   /  Friday, January 7th, 2022  /  Banking & Finance, Latest news, Law, right, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Sonos wins ruling that Google violated its patents

The U.S. International Trade Commission ruled in favor of Santa Barbara-based Sonos once again on Jan. 6, with a finding that Google infringed on five Sonos patents relating to smart speakers and audio. The ITC reaffirmed its decision from August, stating that Google violated section 337 of the Tariff Act of 1930 by infringing on Read More →

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