AeroVironment’s revenue up, profit down
Banking & Finance, Earnings, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public CompaniesAeroVironment, the Simi Valley-based drone maker, said revenue in its first quarter grew slightly to $87.4 million as the company’s profit fell to 42 cents per share from 71 cents a year earlier. “We are on track to achieve our fiscal year 2021 plans and deliver another year of profitable top line growth, despite the Read More →
Limoneira reports profit, record sales
Agribusiness, Banking & Finance, Earnings, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies, West Ventura CountySanta Paula-based citrus producer Limoneira reported a solid third quarter on Sept. 9, with revenue up 5.3 percent and a profit of 12 cents per share that reversed a year-ago loss. The company said it sold a record 2 million cartons of lemons for the quarter and avocado volume increased. The company’s real estate operations Read More →
Calavo reports net loss, revenue decline
Agribusiness, Banking & Finance, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura CountyCalavo Growers reported a 24.7 percent decline in revenue and a net loss of $15.6 million, or 89 cents per share, for its fiscal third quarter, as it adapted to lower avocado prices and took a loss on its investment in FreshRealm, its meal-kit delivery venture. Calavo, based in Santa Paula, said total revenue for Read More →
AppFolio to sell legal unit for $193M
Banking & Finance, Latest news, Law & Goverment, Real Estate, South Coast, Technology, Tri-County Economy, Tri-County Public CompaniesIn a move that reflects a shifting landscape for the software business, Goleta-based AppFolio said Sept. 8 that it is selling its MyCase legal practices suite of services for $193 million to a group of private equity funds. The all-cash deal concentrates AppFolio’s services in the real estate management field, where it has carved out Read More →
New face at Cal Lutheran as Varlotta takes president
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Montecito man gets 3 years for stock fraud scheme
Latest news, Law & Goverment, South Coast, Tri-County EconomyEfstratios “Elias” Argyropoulos of Montecito was sentenced Aug. 31 to three years in federal prison for defrauding 130 investors out of more than $3.4 million, federal prosecutors announced. Argyropoulos was the president and sole shareholder of the financial services firm Prima Ventures from 2010 to 2015. During that time, he told investors he had the Read More →
Direct Relief benefits from settlement over overpriced, counterfeit masks
Health Care & Life Science, Latest news, Law & Goverment, NonprofitsAmazon and 3M teamed up to fight back against sellers who price-gouge essential personal protective equipment supplies, and they’re donated the results of that lawsuit to Direct Relief, the Santa Barbara-based nonprofit. 3M filed the lawsuit June 8, asserting that third-party sellers used Amazon to defraud customers by misrepresenting the condition of fake respirators, as Read More →
