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Cure Pharmaceutical, an Oxnard company with a CBD products subsidiary, reported steep revenue growth but rising net losses in the fourth quarter and full year of 2020. In an annual statement released April 1, Cure reported revenue of $2.1 million in the final quarter of 2020, up 229% from the same quarter a year before. Read More →
Amgen reported its second major acquisition of the month, as the Thousand Oaks-based firm announced March 30 that it will acquire Rodeo Therapeutics Corporation, a privately held biotech company based in Seattle. The deal is worth more than $700 million, $55 million of which will be paid upfront, with up to $666 million more in Read More →
QAD, a cloud software company for the manufacturing industry, saw accelerated growth from its subscription services in the final quarter of the fiscal year, providing a bit of a bounce back for the Santa Barbara company. QAD generated revenue worth $83 million in the final quarter of the fiscal year, which ended Jan. 31. That Read More →
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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 →
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 →