CalAmp reports $1.5 million loss in net income for third quarter
Earnings, Latest news, Technology, Tri-County Public CompaniesOxnard wireless parts maker CalAmp ended the third quarter with a $1.5 million loss in net income, or a 4 cent loss per diluted share, compared to $3.9 million in net income last year, or 11 cents per share. CalAmp was impacted by a legal expense that was $1.6 million more than the comparable period last year Read More →
Soraa LED lamps exceed state certification standards
Latest news, TechnologyGoleta-based LED technology company Soraa announced Dec. 22 that its products exceeded the certification needed for California’s Title 24 lighting standard, making it the first company with a complete line of LED lamps to do so. Soraa’s LEDs had both a color rendering index and a deep red rendering index of 95, greater than the Read More →
USDA will allow lemon imports from Argentina
Agribusiness, Latest newsThe U.S. Department of Agriculture announced Dec. 20 that it would publish its final rule allowing lemon imports from areas of Argentina into the U.S. Its pest risk assessment and three site visits, most recently in September, led the agency to conclude that a systems approach requiring registration, monitoring, treatment and traceability protocols for production Read More →
Amgen seeks to market osteoporosis drug in Japan
Health Care & Life Science, Latest news, TechnologyThousand Oaks biotech giant Amgen is seeking marketing approval in Japan for osteoporosis drug romosozumab, the company announced on Dec. 20. Amgen submitted the request to the Pharmaceuticals and Medical Devices Agency in Japan, where an estimated 12 million people have a high risk of bone fracture. The company is co-developing the drug worldwide with Euronext Read More →
Calavo Growers reports record fourth quarter income
Agribusiness, Earnings, Latest news, Tri-County Public CompaniesCalavo Growers, headquartered in Santa Paula, reported record fourth quarter revenues of $247.7 million and net income of $9.2 million, almost double its net income for the same period last year. Earnings climbed to 53 cents per diluted share for the quarter ended Oct. 31, compared to 28 cents for the fourth quarter 2015, bringing Read More →
Lockheed Martin wins contract for F-35 logistics
Latest news, Technology, Tri-County Public CompaniesLockheed Martin was awarded a contract valued at $181.2 million by the Naval Air Systems Command to provide logistic services for its F-35 Lightning II aircraft. The aerospace and defense company with operations in Santa Barbara will conduct ground maintenance, supply chain management, pilot and maintainer training and support and other functions, according to a Read More →
Calavo Growers president resigning for job at FreshRealm
Agribusiness, Latest newsSanta Paula-based Calavo Growers President and Chief Operating Officer Kenneth Catchot will resign on Jan. 6 and be replaced by Lecil Cole, according to a Dec. 19 Securities and Exchange Commission filing. Catchot will take on a senior management position with FreshRealm, which Calavo holds a 46 percent ownership interest. FreshRealm is a Ventura-based company Read More →
