September 30, 2022
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Interlink reports rising revenue and income for Q3

By   /  Friday, November 5th, 2021  /  Banking & Finance, Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Interlink reports rising revenue and income for Q3

Interlink Electronics, an Irvine-based sensor manufacturer with its primary research and development facility in Camarillo, reported rising revenue and net income for the third quarter of 2021. Interlink saw revenue rise 44% as the company generated $2.2 million for the quarter ended Sept. 30, according to a Nov. 4 quarterly report. The company attributed the Read More →

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PennyMac Financial reports profit while investment trust records loss in Q3

By   /  Friday, November 5th, 2021  /  Banking & Finance, Banking Industry, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on PennyMac Financial reports profit while investment trust records loss in Q3

Westlake Village-based PennyMac Financial Services saw its net income drop in the third quarter compared to the year before, but officials reported “exceptional financial performance” in other areas in earnings released Nov. 4. The mortgage lender and loan servicer reported net income of $249.3 million in the third quarter, or $3.80 per share on a Read More →

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Resonant hopes expanded licensing deal will propel it to top of 5G world

By   /  Friday, November 5th, 2021  /  Banking & Finance, Latest news, South Coast, Subscriber content, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Resonant hopes expanded licensing deal will propel it to top of 5G world

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Latest

Inogen beats earnings expectations, but supply issues persist

By   /  Thursday, November 4th, 2021  /  Banking & Finance, Earnings, Latest news, middle, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Inogen beats earnings expectations, but supply issues persist

Goleta-based Inogen was able to deliver another earnings beat on Nov. 4 behind positive financial results for the third quarter of fiscal year 2021, but supply chain constraints continue to hinder the company’s potential. Inogen, a medical device company that manufactures and supplies portable oxygen containers, saw its net income and revenue increase year-over-year for Read More →

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Velocity Financial reports earnings growth in Q3

By   /  Wednesday, November 3rd, 2021  /  Banking & Finance, Banking Industry, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Velocity Financial reports earnings growth in Q3

Westlake Village-based mortgage lender Velocity Financial reported an increase in net income and net interest margin for the third quarter, compared to the same quarter last year, in an earnings statement released Nov. 3. Velocity reported net income of $8.02 million in the third quarter, or 23 cents per diluted share, compared to $3.5 million, Read More →

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Amgen reports revenue growth in Q3 but lowers full-year guidance

By   /  Tuesday, November 2nd, 2021  /  Banking & Finance, Earnings, East Ventura County, Health Care & Life Science, Latest news, middle, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen reports revenue growth in Q3 but lowers full-year guidance

Sales increases across Amgen’s drug lineup drove increases in revenue and non-GAAP earnings at the Thousand Oaks biotech company during the third quarter, according to its Nov. 2 earnings release, but pandemic issues persist, and the company lowered its revenue guidance for the year. Amgen, one of the largest biotech companies in the world, reported Read More →

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QAD shareholders approve acquisition by Thoma Bravo; deal expected to close in ‘coming days’

By   /  Tuesday, November 2nd, 2021  /  Banking & Finance, Latest news, right, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on QAD shareholders approve acquisition by Thoma Bravo; deal expected to close in ‘coming days’

In a special meeting on Nov. 2, shareholders of QAD approved the Santa Barbara-based software company’s pending acquisition by Thoma Bravo, a deal QAD said should close “within the coming days.” The private equity firm is buying QAD in a $2 billion all-cash deal announced by the companies on June 28. When the transaction closes, Read More →