Sonos earnings hindered by recent app problems
By Julia Staley Special to the Business Times Sonos’ quarter three results beat analyst estimates despite recent app glitches. The Santa Barbara-based audio equipment manufacturer held its quarter three earnings call on Aug. 7, reporting company revenue at $397.1 million, a 6% year-over-year increase. Sonos CEO Patrick Spence primarily attributed Sonos’ revenue growth to its Read More →
UC Santa Barbara Chancellor Yang stepping down
After three decades on the job, UC Santa Barbara Chancellor Henry Yang announced Aug. 14 that he is stepping down at the end of the coming academic year. Yang is the longest-serving Chancellor in UC history, having held the title at UCSB since 1994. “It is with the greatest honor and appreciation that I write to share Read More →
CSU Channel Islands Provost Mitch Avila resigns
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26 tri-county companies represent the region on Inc. 5000 list
More than two dozen companies that call the Central Coast home earned national recognition after securing a spot on the Inc. 5000’s list of fastest-growing private companies in the United States. In total 26 tri-county-based companies earned a spot on the prestigious list, with six of those companies being ranked in the top 1,000 and the top Read More →
Olaplex sees positive signs in Q2
Montecito-based Olaplex saw revenue and earnings decrease year-over-year in the second quarter of 2024, but met analysts’ expectations. Released Aug. 6, Olaplex noted revenue worth $103.9 million, a 4.8% decrease from the same quarter a year ago. Similarly, net income fell to $5.7 million for the quarter ended June 30, a 6.1% decrease. Adjusted net Read More →
Ventura men sentenced to prison for extortion
A pair of Ventura County men were sentenced to federal prison on Aug. 8 for their role in a crime spree in late 2023 which included extortion, robbery and more. Oscar Aguirre Silva, 31, of Ventura, was sentenced to six years in federal prison and, in a separate hearing, Edward Donaldo Ramirez Martinez, 28, of Read More →
Biotech giant Amgen to open innovation site in India
Thousand Oaks-based Amgen will be opening a new technology and innovation site in Hyderabad, India, the biotech giant announced Aug. 9. Known as Amgen India, the site will further advance Amgen’s pipeline of medicines and will be located in HITEC City, a suburb of Hyderabad, occupying six floors of the RMZ Spire Tower 110. In a Read More →
