August 14, 2022
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Sonos shares up after strong earnings report

By   /  Wednesday, May 12th, 2021  /  Banking & Finance, Earnings, Latest news, left, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Sonos shares up after strong earnings report

Sonos saw a record second quarter as it reported $17.2 million in net income on May 12, up from a steep loss the year before, and beat analysts’ expectations. The Santa Barbara-based home sound system producer went from a net loss of $52.3 million, or 48 cents per share, in the second fiscal quarter of Read More →

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AeroVironment chairman to retire

By   /  Wednesday, May 12th, 2021  /  Banking & Finance, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on AeroVironment chairman to retire

AeroVironment, a Simi Valley-based drone and robotics company, announced May 11 that its chairman of the board, Tim Conver, plans to retire later this year. He will be replaced as chairman by Wahid Nawabi, AeroVironment’s president and CEO. Conver has been a member of the board since 1988 and chairman since 2007. He was CEO Read More →

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AppFolio down 5% after reporting lower earnings and higher expenses in first quarter

By   /  Monday, May 10th, 2021  /  Banking & Finance, Earnings, Latest news, Real Estate, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on AppFolio down 5% after reporting lower earnings and higher expenses in first quarter

AppFolio, a Goleta-based property management software developer, saw its net income drop more than 75% over the past year in an earnings report released May 10. The company reported net income of $479,000, or 1 cent per share, for the first quarter of 2021, down from $1.98 million, or 6 cents per share, in the Read More →

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Procore discloses projected share price for $600 million-plus IPO

By   /  Monday, May 10th, 2021  /  Banking & Finance, Latest news, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Procore discloses projected share price for $600 million-plus IPO

Carpinteria-based Procore Technologies plans to price its initial public offering between $60 and $65 per share, which would raise more than $600 million and give it a market capitalization of around $8 billion. Procore, a cloud software company for the construction industry, filed an amended S-1 statement on May 10 with the U.S. Securities and Read More →

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Trade Desk faces uncertainty in post-pandemic advertising market

By   /  Monday, May 10th, 2021  /  Banking & Finance, Earnings, Latest news, right, Subscriber content, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Trade Desk faces uncertainty in post-pandemic advertising market

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Westlake Village BioPartners makes big bet on gene therapy with Capsida

By   /  Friday, May 7th, 2021  /  East Ventura County, Health Care & Life Science, Latest news, Subscriber content, Technology, Top Stories, Tri-County Economy  /  Comments Off on Westlake Village BioPartners makes big bet on gene therapy with Capsida

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Interlink shares drop after report of first-quarter losses

By   /  Thursday, May 6th, 2021  /  Banking & Finance, Earnings, Latest news, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Interlink shares drop after report of first-quarter losses

Interlink Electronics, an Irvine-based sensor manufacturer with its primary research and development facility in Camarillo, saw its revenue dip and its net loss increase when it released its earnings for the first quarter of 2021. According to the company’s May 6 earnings release, Interlink generated revenue of $1.56 million in the first quarter of 2021, Read More →