Inogen reports record revenues for third quarter
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AppFolio’s net income continues to climb
Goleta-based AppFolio’s net income continued its upward trajectory, reaching $3.68 million during the quarter ended Sept. 30, compared to $2.26 million in the previous quarter and a loss of $1.13 million for the third quarter of 2016. Revenue climbed to $37.9 million, up 34.6 percent from the same period last year, primarily due to an Read More →
MindBody getting closer to profitability
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PennyMac income down 50 percent from previous quarter
Westlake Village-based PennyMac Mortgage Investment Trust reported on Nov. 2 a net investment income of $75.8 million and a net income attributable to common shareholders of $13.3 million for the quarter ended Sept. 30, down 50 percent from the previous quarter. Diluted earnings per common share were 20 cents, a decrease of 49 percent from Read More →
Deckers counters activist investor in letter to shareholders
Deckers Brands’ board of directors released a letter to shareholders, highlighting improvements to its costs, sales and stock performance and urging shareholders to vote for its nominees over those of activist investor Marcato Capital Management. In the Nov. 2 letter, the Goleta-based footwear and apparel company said it had made headway toward its $100 million Read More →
PG&E’s net income climbs despite wildfire liability questions
Despite questions raised about the company’s liability for the fires in Northern California and a slight drop in operating revenues, net income for Pacific Gas and Electric Co. rose 41 percent for the quarter ended Sept. 30. In an earnings release Nov. 2, the company brought down its full-year earnings guidance, citing the reinstatement of Read More →
Net income rises at Community West Bank
Community West Bancshares, parent company of Goleta-based Community West Bank, reported a net income of $1.6 million, or 18 cents per diluted share, for the quarter ended Sept 30 — an increase of 4.9 percent from $1.5 million in the third quarter of 2016. The bank’s net interest margin for Q3 2017 was 4.27 percent. Read More →
