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Dubroff: Companies play let’s make a deal but they don’t always win

By   /  Friday, March 10th, 2017  /  Banking & Finance, Banking Industry, Columns, Latest news, Technology  /  Comments Off on Dubroff: Companies play let’s make a deal but they don’t always win

Henry Dubroff

There’s no question that the current wave of corporate mergers is reshaping big chunks of the corporate landscape on the Central Coast. But all mergers are not created equal and history suggests that more than half of mergers involving large publicly traded companies don’t really work out at all. For a look at what’s working Read More →

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Revenue up but net income down at Salem Media Group

By   /  Thursday, March 9th, 2017  /  Earnings, Latest news, Tri-County Public Companies, West Ventura County  /  Comments Off on Revenue up but net income down at Salem Media Group

Story updated at 10:40 a.m. March 10: Salem Media Group, a Christian and conservative media company based in Camarillo, announced a decline in fourth quarter and full year net income, despite revenue increases. Revenues for the quarter ended Dec. 31 came to $70.7 million, up from $69.1 million for the fourth quarter of 2015. Full Read More →

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Santa Barbara’s QAD reports $15.5 million net loss

By   /  Thursday, March 9th, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Santa Barbara’s QAD reports $15.5 million net loss

Santa Barbara manufacturing software company QAD reported a $15.5 million net loss, or 84 cents per diluted Class A share for the fiscal year ended Jan. 31, as a result of a valuation allowance related to deferred tax assets. The valuation allowance was connected to the company’s investments in cloud technology, the March 9 earnings Read More →

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Semtech reports skyrocketing net income

By   /  Wednesday, March 8th, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Semtech reports skyrocketing net income

Camarillo semiconductor company Semtech announced $8 million in net income for the fourth quarter of its fiscal year 2017, up from $1.25 million for the same quarter last year. Full fiscal year 2017 net income came to $54.66 million, more than three times its net income for 2016. Earnings per share during the quarter rose Read More →

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AeroVironment reports drop in revenues

By   /  Tuesday, March 7th, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on AeroVironment reports drop in revenues

AeroVironment, a Monrovia-based aircraft systems company with operations in Simi Valley, announced a drop in revenues for its third quarter fiscal 2017, ending in a $2.2 million net loss. Revenues for the quarter fell from $67.6 million the prior year to $53.2 million, mainly from its unmanned aircraft division. Gross margin also decreased 27 percent Read More →

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Calavo Growers reports record revenues but net income down

By   /  Tuesday, March 7th, 2017  /  Agribusiness, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Calavo Growers reports record revenues but net income down

Santa Paula-based Calavo Growers reported record first quarter revenues of $226.6 million, up from $204.6 million a year ago, but net income fell to $5.2 million from $6.3 million a year ago. The revenue growth was fueled by the performance of Calavo’s fruit and vegetables company Renaissance Food Group, which showed a 29 percent rise Read More →

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Interlink net income grows on higher revenues

By   /  Friday, March 3rd, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Interlink net income grows on higher revenues

Story updated at 11 a.m. March 6: Interlink Electronics reported a 67 percent year-over-year increase in net income March 3, bringing in $924,000 for the fourth quarter 2016 and $2.89 million for the year. Revenues were almost flat to the fourth quarter of 2015 at $2.78 million, while fiscal year revenues increased 13 percent to Read More →

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