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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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Latest

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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Transphorm reports profitable quarter, big revenue growth

By   /  Thursday, November 11th, 2021  /  Banking & Finance, Earnings, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Transphorm reports profitable quarter, big revenue growth

Goleta-based Transphorm saw revenue increase for the seventh consecutive quarter and also reported a profit for the quarter ended Sept. 30. Transphorm, a supplier of gallium nitride power conversion products, reported net income of $6 million, or 15 cents per share, compared to a net loss of $7.1 million in the same quarter a year Read More →

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Sientra misses earnings expectations but shares still gain after Q3 report

By   /  Thursday, November 11th, 2021  /  Banking & Finance, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Sientra misses earnings expectations but shares still gain after Q3 report

Goleta-based Sientra missed analysts’ expectations when it released financial results for the third quarter of 2021 on Nov. 10, posting a net loss when accounting for certain one-time factors such as the relief of its paycheck protection program loan. Sientra, a plastic surgery device company specializing in breast implants, had net income of $28.4 million Read More →

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Glass House reports revenue growth but more losses as it converts massive Camarillo greenhouses

By   /  Thursday, November 11th, 2021  /  Agribusiness, Banking & Finance, Earnings, Latest news, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Glass House reports revenue growth but more losses as it converts massive Camarillo greenhouses

Glass House Brands, a cannabis grower in Santa Barbara and Ventura counties and retailer and wholesaler statewide, saw both its revenue and net losses grow in the third quarter. Glass House, which has its headquarters in Long Beach but most of its operations on the Central Coast, delivered revenue of $17.2 million in the third Read More →

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