Staff Report | Tuesday, May 19th, 2015
AppFolio files for $100M IPO
Banking & Finance, Latest news, Real Estate, South Coast, Technology, Top Stories, Tri-County Public CompaniesGoleta-based AppFolio filed with U.S. regulators May 18 for an initial public offering. The developer of cloud-based property management software listed $100 million as the initial fundraising target, however the size the IPO could change. The company did not stipulate how many shares it plans to sell. The move comes on the heels of Read More →
Staff Report | Thursday, May 7th, 2015
ERG Resources files bankruptcy, business for sale
Banking & Finance, Latest news, Real Estate, South Coast, Top StoriesERG Resources, a Houston-based independent oil and gas with major operation in northern Santa Barbara County recently filed for Chapter 11 bankruptcy in Dallas. The company plans to sell the business. A Business Times previous report found that the company owed nearly $400 million on a loan with CLMG Corp., an agent holding lien on Read More →
Staff Report | Friday, May 1st, 2015
CalAmp bumps up offering to $150M
Latest news, Top StoriesTaking advantage of record low interest rates, CalAmp, based in Oxnard, has priced an offering of $150 million in convertible notes due in 2020. The company, which posted record revenues of $250.6 million on strong demand for its wireless products and services, said it increased the offer from $125 million announced initially; the interest rate Read More →
Staff Report | Friday, May 1st, 2015
Announcing Melissa Stafford Jones as keynote speaker for the 2015 Champions in Health Care.
Latest news, Top StoriesMelissa Stafford Jones, regional director of the U.S. Department of Health and Human Services Region IX, will keynote the Pacific Coast Business Times’ 2015 Champions in Health Care Summit. Prior to her appointment as Regional Director in 2014, Stafford Jones was President & CEO of the Read More →
Staff Report | Monday, April 27th, 2015
Inogen earnings top Wall Street expectations again
Latest news, South Coast, Technology, Top Stories, Tri-County Public CompaniesInogen, the Goleta-based maker of direct-to-consumer respiratory products, on April 27 reported fourth-quarter profit of $1.5 million. The company said it had net income of 7 cents per share. Earnings, adjusted for pretax gains, were 6 cents per share. Inogen, which produces oxygen concentrators for patients suffering from chronic respiratory conditions, posted revenue of $29.1 Read More →
Staff Report | Friday, April 24th, 2015
Community West post big first-quarter numbers
Earnings, Latest news, Top StoriesGoleta-based Community West Bancshares, parent company of Community West Bank, reported a profit of $1.8 million in the first quarter of 2015. The company recorded a profit of $1.4 million in the same period last year. “Community West’s first quarter accomplishments were a good start to the year as we continue to successfully strengthen our Read More →
Staff Report | Friday, April 24th, 2015
Comcast, Time-Warner’s $45B deal falls through
Latest news, Top Stories, Tri-County Public CompaniesComcast has dropped its $45 billion bid to acquire Time-Warner Cable. The deal would have more than doubled Comcast’s market share in California and created a Comcast-Cox duopoloy among tri-county cable providers. However, in a statement released today, Comcast Chairman and CEO Brian Roberts said the deal was structured so that both companies could walk Read More →