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Region’s IPOs raised $3.2B in 2021, a record haul

By   /  Friday, December 17th, 2021  /  Banking & Finance, Latest news, middle, Subscriber content, Top Stories, Tri-County Public Companies  /  Comments Off on Region’s IPOs raised $3.2B in 2021, a record haul

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Glass House secures loan of up to $100M to retrofit Camarillo greenhouses for cannabis

By   /  Thursday, December 16th, 2021  /  Agribusiness, Banking & Finance, Latest news, right, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Glass House secures loan of up to $100M to retrofit Camarillo greenhouses for cannabis

A few months after purchasing the Houweling’s Tomatoes property in Camarillo, cannabis grower Glass House Group has secured the funding necessary to upgrade the greenhouse facility. Glass House announced Dec. 13 it has acquired a senior secured term loan agreement with a U.S.-based private credit investment fund for up to $100 million, with an initial Read More →

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Final member of Inogen’s founding team to leave company

By   /  Thursday, December 16th, 2021  /  Banking & Finance, Central Coast Health Watch, Latest news, middle, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, Women Inc.  /  Comments Off on Final member of Inogen’s founding team to leave company

Ali Bauerlein, one of Inogen’s co-founders, has stepped down from her post as the company’s CFO, effective immediately on Dec. 13. According to a company news release, Mike Sergesketter has been appointed interim CFO while Inogen look to fill the position. Bauerlein will stay at Inogen in a transitional finance role through the first quarter Read More →

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AeroVironment shares in nosedive after company lowers revenue guidance

By   /  Tuesday, December 7th, 2021  /  Banking & Finance, Earnings, East Ventura County, Latest news, Technology, Top Stories, Top Story, Tri-County Economy, Tri-County Public Companies  /  Comments Off on AeroVironment shares in nosedive after company lowers revenue guidance

Shares of AeroVironment plummeted 27.5% on Dec. 7 after the company announced with its quarterly financial results that it would slash its full-year revenue guidance by at least $100 million, “primarily due to three headwinds” tied to supply chains and staffing. AeroVironment, an aerial drone company based in Arlington, Virginia but with major operations in Read More →

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Dole shares down after earnings drop

By   /  Friday, December 3rd, 2021  /  Agribusiness, Banking & Finance, Earnings, East Ventura County, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Dole shares down after earnings drop

Westlake Village-based Dole saw its stock fall 2.5% on Dec. 3 after the company revealed a big dip in earnings for the third quarter of fiscal year 2021-22. Dole, which is dually based in Westlake Village and Ireland and is one of the largest fruit and vegetable producers in the world, saw adjusted net income Read More →

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Semtech tops expectations with record quarter

By   /  Friday, December 3rd, 2021  /  Banking & Finance, Earnings, Latest news, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Semtech tops expectations with record quarter

Camarillo-based Semtech topped analysts’ expectations on Dec. 1 with an announcement of record net sales and net income in the third quarter of its 2021-22 fiscal year. Semtech, a semiconductor company specializing in Internet of Things applications, generated sales totaling $194.9 million in the third quarter of 2021, up 27% from the same quarter a Read More →

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Sonos reports loss for quarter but record annual revenue

By   /  Thursday, November 18th, 2021  /  Banking & Finance, Earnings, Latest news, middle, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on 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 →

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