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Montecito Bank & Trust
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Resonant might run out of operating cash after second quarter

By   /  Wednesday, March 23rd, 2016  /  Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Resonant might run out of operating cash after second quarter

Resonant, a late-stage development company based in Goleta that creates filter designs for radio frequency front-ends for the mobile device industry, said it might only have enough cash to support operations though the second quarter of 2016. The company announced the news when it released 2015 fiscal year results in a March 23 news release. Read More →

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Cal Amp stock falls after earnings forecast lowered

By   /  Tuesday, March 22nd, 2016  /  Latest news, Tri-County Public Companies  /  Comments Off on Cal Amp stock falls after earnings forecast lowered

Shares of Oxnard-based Cal Amp, which makes products for the wireless sector, fell March 22 after the company lowered its earnings forecast for its fiscal year fourth quarter, which ended Feb. 29. On March 21, Cal Amp lowered its revenue estimates for the quarter from an estimated range of $73 million to $78 million to Read More →

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Montecito Bank & Trust gives $20,000 to region’s nonprofits

By   /  Friday, March 18th, 2016  /  Banking & Finance, Banking Industry, Latest news, Nonprofits  /  Comments Off on Montecito Bank & Trust gives $20,000 to region’s nonprofits

Santa Barbara-based Montecito Bank & Trust handed out $20,000 in grants to 10 of the region’s nonprofits to celebrate the bank’s 41st anniversary. For the past 24 years, the largest financial institution headquartered in Santa Barbara County has offered financial aid to nonprofits handpicked by its staff. MB&T held its annual celebration on March 17 Read More →

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Farm Credit West net income grows

By   /  Monday, March 14th, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Farm Credit West net income grows

Roseville-based Farm Credit West increased its net income from $163 million in 2014 to $169 million in 2015, the credit union announced on March 14. Farm Credit West has offices in Carpinteria, Santa Maria, Templeton and Ventura, where it provides loans, leases and financial services to farmers, ranchers, rural homeowners, agribusinesses and agricultural and rural Read More →

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Inogen shares soar after reporting revenues up 40 percent

By   /  Monday, March 14th, 2016  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Inogen shares soar after reporting revenues up 40 percent

Inogen shares ended the day up 17 percent March 15 after the Goleta-based maker of direct-to-consumer respiratory products reported strong quarterly and annual earnings March 14. The company’s revenues increased about 40 percent during the fourth quarter and 2015 fiscal year because of strong business-to-business sales. In after-hours trading March 14, the stock shot up Read More →

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Limoneira revenues fell, loss grew in first quarter

By   /  Friday, March 11th, 2016  /  Agribusiness, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Limoneira revenues fell, loss grew in first quarter

Santa Paula-based Limoneira reported a loss of about $4 million and revenues fell $3 million in first quarter earnings results the company released March 10. Revenues fell from $28 million during the first quarter of 2015 to $25 million in 2016. Net losses widened from $1.4 million in 2015 to $3.9 million in 2016. Losses Read More →

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QAD revenues and profits fell in fourth quarter and fiscal year 2016

By   /  Friday, March 11th, 2016  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on QAD revenues and profits fell in fourth quarter and fiscal year 2016

Santa Barbara software developer QAD’s revenues and profits fell, the company reported in fourth quarter and fiscal year 2016 earnings results March 10. Fourth quarter revenues fell from $79.6 million in 2015’s fourth quarter to $69.3 million in 2016. Gross profits fell from $45.7 million to $38.4 million. QAD hit analyst revenue estimates of $69 Read More →

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