Housing, jobs, robotics will shape tri-county economy
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Cottage Health-Sansum Clinic merger proposal withdrawn
Story updated at 5:20 p.m. May 11: The proposed merger between Cottage Health and Sansum Clinic is dead. Both parties agreed to withdraw the application after nearly four years of awaiting approval from the Federal Trade Commission. “As we approach the four-year mark, we have decided together to withdraw the proposal so we can better Read More →
Inogen’s profits just keep on growing
Goleta-based Inogen, an oxygen concentrator company, reported a $5.9 million profit for the first quarter of 2017, up from $2.5 million in the first quarter of 2016, according to an earnings report May 9. The company reported $52.5 million in revenue, up 22.1 percent from the same period in 2016. Sales revenue was at $46 Read More →
Sientra narrows losses in first quarter report
Goleta-based breast implant company Sientra continued to cut its losses, losing $11.4 million in the first quarter of 2017, down from $11.9 million for the same period the year prior. “I am pleased with our first quarter performance, which was in line or above our expectations,” said Jeffrey Nugent, chairman and CEO. “In the first Read More →
Economists: Housing, manufacturing and robotics will shape tri-county’s future
A lack of new housing supply, the loss of manufacturing jobs and the rise of robotics are all major economic factors that will have widespread impacts on the region, state and nation over the next several years. That’s according to some of the region’s and nation’s most prominent economists, who convened May 9 for the Read More →
Boost in revenues helps AppFolio turn first quarter profit
Updated at 3:45 p.m. May 8: Goleta-based software company AppFolio announced first quarter profits of $660,000, or 2 cents per share, after a 38 percent increase in revenues over 2016. Net income edged into the positive, compared to a $3.6 million loss for the same period last year and fourth quarter losses of $1.3 million. Read More →
Central Coast credit unions on the rise
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