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 →
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 →
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 →
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 →
Sientra misses earnings expectations but shares still gain after Q3 report
Goleta-based Sientra missed analysts’ expectations when it released financial results for the third quarter of 2021 on Nov. 10, posting a net loss when accounting for certain one-time factors such as the relief of its paycheck protection program loan. Sientra, a plastic surgery device company specializing in breast implants, had net income of $28.4 million Read More →
Glass House reports revenue growth but more losses as it converts massive Camarillo greenhouses
Glass House Brands, a cannabis grower in Santa Barbara and Ventura counties and retailer and wholesaler statewide, saw both its revenue and net losses grow in the third quarter. Glass House, which has its headquarters in Long Beach but most of its operations on the Central Coast, delivered revenue of $17.2 million in the third Read More →
MannKind reports higher revenue, lower losses in Q3
MannKind Corp. reported a substantial rise in revenue and a shrinking net loss in the third quarter of 2021 on Nov. 9, despite news since the quarter ended that the U.S. Food and Drug Administration will not yet approve a hypertension treatment the company is developing with United Therapeutics. MannKind, a Westlake Village-based biotechnology company Read More →
