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Semtech shares drop despite earnings beat

By   /  Thursday, March 18th, 2021  /  Banking & Finance, Earnings, Latest news, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  No Comments

Semtech, a Camarillo semiconductor company specializing in Internet of Things applications, finished the 2020-21 fiscal year strong, beating analysts’ expectations and capping off a record-setting year. Semtech reported net sales of $164.1 million in the quarter ended Jan. 31, a 19.3% increase from the same quarter a year before, the company said in its fourth Read More →

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Velocity Financial recovers from pandemic with strong fourth quarter

By   /  Tuesday, March 16th, 2021  /  Banking & Finance, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  No Comments

Velocity Financial saw its net income increase slightly from 2019 to 2020, even though the company’s loan production operations were suspended for more than half the year. The Westlake Village-based real estate finance company saw its net income go up 3%, from $17.3 million in 2019 to $17.8 million in 2020, according to earnings released Read More →

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Interlink reports profitable 2020

By   /  Tuesday, March 16th, 2021  /  Banking & Finance, Earnings, Latest news, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  No Comments

Interlink electronics, a sensor tech manufacturer with major operations in Camarillo, reported rising net income on March 16 for the fourth quarter and full year of 2020. Net income for the fourth quarter was at $53,000, or 1 cent per share, a better mark than the same quarter of 2019, when Interlink reported a loss Read More →

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Oxnard company to pursue therapeutic psychedelics

By   /  Tuesday, March 16th, 2021  /  Banking & Finance, Central Coast Health Watch, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  No Comments

Oxnard-based Cure Pharmaceutical announced plans on March 16 to use its oral film technology to deliver LSD and other psychedelic substances to treat mental health disorders. Cure owns the CBD company Sera Labs, and Cure has used its dissolving thin film platform, Curefilm, to deliver CBD and other cannabis compounds. Cure has a license from Read More →

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Resonant reports smaller losses in 2020

By   /  Monday, March 15th, 2021  /  Banking & Finance, Earnings, Latest news, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  No Comments

Resonant, a Texas-based provider of radio frequency filter designs with major operations in Goleta, ended 2020 with rising revenues and shrinking losses. In the fourth quarter of 2020, Resonant revenue increased 32% from a year earlier, to $607,000, the company said in a March 15 earnings release. It had a net loss of $7.1 million, Read More →

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Sientra reports bigger losses but rebound in sales in fourth quarter

By   /  Thursday, March 11th, 2021  /  Banking & Finance, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  No Comments

Goleta-based breast implant maker Sientra reported a small decline in net sales over the final three months of 2020 and a net loss bigger than the previous year’s fourth quarter, in an earnings report released March 11. Sientra had a net loss of $21.2 million in the fourth quarter, or 42 cents per share, more Read More →

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Mission Produce earnings up despite dip in avocado prices

By   /  Thursday, March 11th, 2021  /  Agribusiness, Banking & Finance, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  No Comments

Revenue was down for the second consecutive quarter at Oxnard-based Mission Produce, but net income was on the rise in the first quarter of 2021, according to the company’s March 10 earnings statement. Mission Produce, which is one of the biggest avocado distributors in the world, generate revenue in the first quarter worth $173.2 million, Read More →

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